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It may move to the upside if the support it is now in is not broken, it may rise to the aforementioned resistance.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules...
It's been a while since I've published anything, so here we go!
At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up.
I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here.
I saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move.
First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP.
Second TP is actually this week's close. Price, on a weekly...
Looking for some nice short opportunities to the downside for GBPJPY.
Would like to see price to move to the downside towards structure #2 before retracing back to structure #1. If price was to stay under that marked structure, then would like to see further movement to the downside to the overall target which is marked. Would like to get some peoples thoughts...
I took a short trade, expecting the market to follow a bearish structure. And it did!
It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend
My entry price is just above this current high, which makes it a perfect...
Good day traders! I hope you all have a great trading day ahead!
Start off with NZDUSD! From Daily Timeframe perspective, price is obviously losing its bullish momentum and forming descending triangle (as shown in the chart). Therefore, a break of the support will expose the price to 0.633 (green). And a retest will occur at current support which may turn into...
Cable has recently broken through our ascending trend line, is below out 50EMA and has clipped the 38.2% on the fib retracement tool.
This can be an excellent opportunity to short this pair! I would advise using 1% risk for this trade for a 100pip stop loss, and for your to assign your own take profit and not the one showcased. The short position tool is to...
Today I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41.
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a...
GBPJPY has been is in a consolidating area however does seem to be loosing strength. bears seem to be in power.
looking for short positions till that target area
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XAUUSD had a nice gain today however just start of the week. believe this to drop back down before reaching new highs
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TRADE SAFE THESE ARE JUST MY OPINION .
USDJPY at the bottom of the trend lines within the hourly trend lines
- overall in an uptrend
- 1:3 risk reward ratio
looking for short term buy positions
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