Hello traders around the world.
My name is Alexandre Karim.
Today we will be talking about NZDCAD double long position. I already posted my analysis on 9 March showing you the long position scenario.
Lets talk abou the first position on NZDCAD which was a descending channel / falling wedge on the daily lower TL. The entry was at the breakout of the pattern...
After a prolonged downward trend, AUDUSD has returned to a stable market, showing signs of bottoming out. I plan to initiate a light long position on AUDUSD, adding on dips, and will reap a decent profit if a bottom forms.
My personal trade recommendation: Enter a long position near 0.67000-0.67050, with the first profit target at 0.67800, second at 0.68500, and...
The USDCHF is trending down on the daily time-frame, when we drop down to the 4hr chart, we notice the retracement in a form of counter-trend. Now the structure on the counter trend has broken i.e. price broke the last low which by my strategy indicates the end of the counter-trend. To place a trade I wait for the price to pullback to my preferred sell zone which...
GBP/USD went up after a breakout and I expected to see the retest as I mentioned in my previous analysis. Retest occurred and I saw opportunity to sell.
Trade ended good for us and we caught +89 pips.
Now, its likely to see some bullish pressure.
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🟢 Forex Pair :
GBP/JPY
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting trendline,...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be...
In this video update, we take a look at AUDNZD as we expect this market to continue to move higher.
Technically the market is currently consolidating on the 4hr timeframe. Ideally we would like price to head
back towards the 1.0370 structure highs however, with price forming a bullish consolidation pattern we could expect a break
higher. If the market breaks...
