I'm relatively new to Forex signals so try not to shoot me down on this one, thanks haha. if i could get some guidance and thought along with this idea of mine.
I've got one main resistance line where the market is currently at, i see it either bouncing off this and taking a deep dive or its going to break though and take a large jump to the next resistance. if i...
This chart remains very obscure to me.
I have tried to identify Horizontal Support and potential buy zone where a fake out could happen.
The orange line represent the wedge pattern formation that is currently in play. We are at the end of the Pattern with narrowing Bollinger Bands suggesting that this stagnant and steady price action we have been having will...
Broken a strong area of support and retest on the 4H chart.
plus, iDXY has reached a crucial monthly resistance area,
let see how far this baby can go
*always trade on your own risk
Hi traders,
The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
Like and follow all my ideas to motivate me to...
We can see on the H1 chart a double top has been formed. A good oportunity to short for intraday. Then when price gets to the 1.4300 level!!! whould have lots of confluences to go long as a swing trader....
We have recently seen big bullish move on the 1h chart giving us the opportunity to catch a lot of pips on the way up to the monthly key level.
Anyway this is a BEARISH MARKET and we've got to be really carefull. We don't wanna get caught on the shorts.
This trade is taken on a 1% risk on the capital of our account.
As we can see eurjpy is clearly in a downtrend displaying continual lower highs and lower lows.
Price came down to test and bounce off the 126.1 support level and is currently retracing to our critical "acceleration zone".
our confluences for this acceleration zone:
61.8 fib level, major resistance,descending trendline and 200EMA so we are anticipating a pullback...
