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IDEA-TRADE

NZDUSD falling in love for the weekly?Why did I enter?! Weekly: Price reached a resistance zone. Stochastic is at the top line. Used Fib to track up to 50% of most recent high which near the support zone. Daily: Price is near the top of the stochastic as well. 4 Hour: Stochastic is at the top of the line as well. 15 min: Stochastic is near top but new lows are being created. 5 min: Stochastic is at the top line but new lows being created. If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
Short
by Redimere_91
EURJPY could be falling in love with Weekly! Why did I enter?! Weekly: Price reached a resistance zone. Stochastic is at the top line. Used Fib to track up to 50% of most recent low which is in the support zone. Daily: Price is near the top of the stochastic as well. 4 Hour: Stochastic is at the top line as well. 15 min: New low present with price testing the recent high. 5 min: No new highs are being created. If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
Short
by Redimere_91
Trade idea for USD/JPYWhen we have a look at the chart we can see that the price is trying to break below a resistance zone that held pretty good before. We can also see that the RSI indicator is very low. This is an indication that the price is going to revers. We can also see that there is a divergence happening if we open the MACD indicator. This are all good indicators that the price is going to go up. Please let me know in the comments what you think of it. If you like the idea do not forget to give it a like and follow me for ideas. If you have any questions, feel free to PM me.
Long
by MaBaCapital2
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