GBPUSD bounced of 21 ema, support trendline and wizz (our indicator). With one more swing up, price should reacj 176 fib and resistence line, thus completing rising wedge pattern.
We can imedeatly enter the market. And once again, risk to reward is much into our favor.
Bull Capital still have 100% accurate analysis on Tradeview. In long term, our analysis was 82%...
Another Forex trading snack.
Nothing moves in a straight line for long in Forex trading. So with this last bounce of optimism on a no hard Brexit deal the market pounced on bidding up the GBPUSD. There is significant news risk to trading this pair, positive or negative news will push price in wider swings. However this daily flag pattern that seems to be forming...
AUDUSD Trade Idea Short
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is...
Long Opportunity Trade idea for GBPJPY - CRAB pattern
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The...
CADJPY approaching resistance recently broken under
POSSIBLE: Could break back over as bears v bulls is very close, and there may be a little bit of a triple bottom.
BIAS: Could bounce back down again and maybe hit a support further down, because overall trend is bearish.
If you look at NZDUSD on the long term charts (daily) you will see we are at a very important support zone!
We have had a nice downtrend lower with multiple waves, and no the trend may be exhausting.
I like the long wick that kissed the support level, and shows us where buyers are at. Can we create a potential head and shoulders here? Remember, this shows us a...
Looking for break out and attention to reversal candlestick formation!!
If the market breaks out at the resistance 1282.60, potential bullish trend continuation.
If the market breaks down, outside of the ascending triangle we will target the support level of 1241.56
EURJPY extends its concerted test of key support from its June low and78.6% retracement of the Q1 2019 rally at 120.79/78, which continues to hold for now. Although daily MACD momentum has turned lower, only a decisive break below here would confirm the break of the medium-term uptrend from 2016 to see the completion of a large bearish "triangle" continuation...
EURCHF has seen a conclusive break of key support from its 1.1056/51 range lows to mark a resumption of its core downtrend, in line with our broader bearish stance following the completion of a large bearish continuation pattern in late June. We look for the trend to stay directly bearish with support seen next at 1.0989/84, but with the next meaningful support...
Retracement resistance at 108.90/00 has capped to avoid a base to see a sharp fall, with support next at 107.60/50 USDJPY failed to clear key resistance from the 38.2% retracement of the fall from April at 108.93, avoiding a small ‘head and shoulders’ base to see a sharp turn lower within the recent range. Support ...
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...