forextrading

GBPUSD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further ...

FRM 4H EURUSD https://web.facebook.com/drissdelhajji

I think price might follow the pattern.

Price is following Gartley pattern, met bottom daily trend line and also RSI and MacD indicate an uptrend from here.

Buy above 111.77. Stop loss at 110.88. Take profit at 114.32. Reason for the trading strategy (technically): Price has finally dropped to our buying level which is major support at 111.77 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) and we expect a bounce above this level for a push up to at least 114.32 resistance ...

Attempting to jump on the bearish trend we have seen on the USDCAD over the past few weeks. Price is putting in a complex pullback creating a Gartley Pattern at the 1.2700 psychological number. This pattern forms within the previous structure high and outside return meaning i will take this trade with extended targets down at a retest of previous structure low. I ...

Sell below 1.1583. Stop loss at 1.1617. Take profit at 1.1491. Reason for the trading strategy (technically): Price has risen a lot since yesterday and is now testing strong resistance at 1.1583 (Fibonacci extension, swing high resistance, bearish price action, bearish divergence) and we expect to see a reaction off this level for a drop to at least 1.1491 support ...

Sell below 1.1485. Stop loss at 1.1511. Take profit at 1.1419. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pullback ...

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Sell below 89.11. Stop loss at 87.52. Take profit at 89.61. Reason for the trading strategy (technically): Price is testing major resistance at 89.11 (Fibonacci extension, swing high resistance) and we expect to see a reaction off this level for a drop to at least 87.52 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) has started ...

Hi Guys, as was shown today in the weekly outlook, I am expecting a correction in the EURUSD. Possible short term buy. Trade with care Thank you for your support.

Sell below 0.7367. Stop loss at 0.7391. Take profit at 0.7300. Reason for the trading strategy (technically): Price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7367 (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop from this level towards at least 0.7300 support ...

Sell below 1.1485. Stop loss at 1.1511. Take profit at 1.1419. Reason for the trading strategy (technically): We remain bearish looking to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is testing major ...

Sell below 114.32. Stop loss at 115.09. Take profit at 111.77. Reason for the trading strategy (technically): Price is approaching major resistance at 114.32 (Fibonacci extension, horizontal swing high resistance) and we expect to see a strong reaction from this level to push price down to at least 111.77 support (Fibonacci retracement, horizontal overlap ...

Buy above 0.9527. Stop loss at 0.9500. Take profit at 0.9593. Reason for the trading strategy (technically): Price has dropped strongly after making the bearish channel exit. We prepare to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement, ...

Sell below 1.3170. Stop loss at 1.3257. Take profit at 1.2820. Reason for the trading strategy (technically): Price is approaching major resistance at 1.3170 (Fibonacci extension, long term swing high resistance) and we expect to see a reaction off that level for a drop to at least 1.2820 support (Fibonacci retracement, horizontal overlap support). Stochastic ...

Buy above 0.7244. Stop loss at 0.7213. Take profit at 0.7299. Reason for the trading strategy (technically): Price is approaching major support at 0.7244 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level to at least 0.7299 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is ...

Buy above 111.90. Stop loss at 110.88. Take profit at 114.32. Reason for the trading strategy (technically): We remain bullish preparing to buy above major support at 111.90 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high ...