It seems XAUUSD and other gold pairs can move much higher and form daily/weekly up swing.
Therefore, I look to buy inside day reversals as long 4 hour candles keep closing above the 1500 zone ( marked on the chart ).
Also daily pivot point could not reverse price down again = immediate bullish indication.
keep adding buys with the trend and make hundreds of...
CHFJPY looks like its gonna go higher and break the top of the channel ( may be consolidation and then a break ) .
As long as daily / 4 hours candles close above 108 it should go higher , next resistance areas marked on the chart .
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We can see middle of channel supporting price inside a triangle and If you change to daily time frame it is easier too see 2 major highs to break .
For me i look to buy dips above 1.7425 or 1.7400 for at least 200 pips move .
you also want to open weekly chart because there is much bigger opportunity in the heart of this idea but that could be traded later...
If weekly will close above 107.5 i believe we can see a daily/weekly up swing as you can see on the chart .
I think best scenario will be a few days of consolidation and then a break.
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It seems like USDCHF made a falsebreak down and now starting an up swing .
Therefore i'll look to buy inside day in London / US session.
Plus , Depends on the strength of the move , there is a bigger target on weekly chart .
Best of luck :-)
We can see an attempt to break the bottom of the channel and its failure with a V-shape .
Now price is holding right above channel bottom .
Zooming into daily time frame we can see a triangle formed.
So i want to be where price is moving fast in one direction , Therefore i'll try to buy inside day before the break happens .
* If you start buying on intraday...
It seems EURUSD faield to continue the upswing .
Right now i'm watching it to accumulate an then put sell orders on the direction .
first target is near the bottom of the channel.
*There is bigger down swing target if you watch weekly and monthly but that is for other chart.
Best of luck :-)
CADJPY has broken out of a daily descending channel and is retesting.
It is also came for a third bounce on a 4H ascending trend line.
Daily 50ema and 20ema have crossed giving further confluence of bullish pressure/trend change.
BUY CADJPY @ 82.90
SL @ 82.70(20)
TP1 @ 83.90 (100) 5:1
TP2 @ 85.25 (235) 12:1...
The market is in a downtrend. Maybe it makes a correction until 1.25742 for retesting the area.
We have a risk-to-reward ratio of 1 to 6.
If the market breaks the level of 1.25100, we exit the trade with a small loss.
Otherwise we enjoy our profit and let it run!
All the best!
Hello all. As you can see I've been all about the low risk, simple swing trades these days! I believe if PFE hits the first green zone and stays in the channel, this should be a simple trade within the channel. I believe it may hit at least it's previous high, putting this swing at 30% profit if executed properly. This would be a good one to just do a partial...