Current resistant 53.9 Resistant 54.93 Resistant 55.74 Current Support 51.42 Support 50.45 Support 49.31
Clear bullish teacup on a monthly timeframe showing clear handle too. The H4 bullish channel with an inverse HnS is further confirmation to look for entry buy opportunities on M15.
Simple naked priceaction. Long from support area, my suggestion is to go for 3R in strong trend. Only 25% winrate to break even.
Tariffs and quotas If a deal can’t be agreed with the EU, then the UK will default to WTO terms from 1 January 2021. Every WTO member has a list of tariffs and quotas that they apply to other countries. The UK would have to apply tariffs and quotas to goods coming into the country from the EU, and the EU would apply its “third-country” tariffs and quotas to the...
SAXO:XAUUSD Buy Limit @XAUUSD at 1839.66 SL @1827.30 TP @1948.67
PROBABILITY 1 - PRICE GAVE US AN IMPULSE AS SHOWN BY THE GREEN ARROW . A PULLBACK AFTER THE IMPULSE CAME TO REST IN BETWEEN THE FIBONACI RATIOS O.382 AND 0.5 WHICH IS A STRONG REJECTION ZONE ALSO KNOWN AS THE GOLDEN ZONE. FOR TURN AROUND POINTS WE WILL USE THE THE FIB EXTENSIONS -0.27 AND -0.618 AS THESE ARE NEW HIGHS WE DO NOT HAVE REFERENCE TO OUR LEFT . WE...
Both commodity failed to break the support last weekend. my best guess is to look for long position as im describe in the chart.
Here we have an INTRADAY trade with an ABCDE correction pattern for CONTINUATION. ENTRY: (1.5410 - 20 pips) STOP LOSS: (1.5430 - 20 pips) BE: (1.5390 - 20 pips) 1:1 TP1: (1.5370 - 40 pips) 1:2 TP2: (1.5350 - 60 pips) 1:3 CONFIRMATIONS: 1) The market is in general downtrend (trade with the trend ). 2) ABCDE correction pattern for continuation. 3) 1H resistance at...
My Idea On USDMYR . USDMYR potential continue uptrend since the price has been showing sign of strength/hidden divergence on WK1 TF(SIGN OF CONTINUATION TREND). If Price Break and close ABOVE 4.2100-4.2300 it will likely to go hinger. Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only...
Descending channel. Price was correcting , making a lower high, until momentum kicked in, breaking through previous structure lows and the 'bear flag'. It should respect the higher timeframe's channel, since it has been doing it for the past several days. So, odds are on our side. We should then expect a reversal, only confirmed by price breaking previous...
NAKED ANALYSIS ! ! ! It's a risky trade so use 1/2 risk but the risk to reward is very good. The market is in a critical area where it bounces up a lot of times in the past. Also it's in Fibonacci 61,8 % retracement. *If it breaks the top target extend the target! HAVE FUN & HAPPY PROFITS :) ! ! !
My Idea On EURUSD . EURUSD potential collapse since the price has been showing sign of weakness/divergence on WK1 TF. If Price fail to close ABOVE 1.21500 it will likely to go lower. Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However...
We are going to short EURGBP. CONFIRMATIONS: 1) Correcting for a month in a downtrend move. 2) Touches trendline 3) Price action (indecision candlestick) 4) It struggles to break the critical area (0.9100) ENTRY: (0.9100) STOP LOSS: (0.9120 - 20 pips) TP1: (0.9080 - 20 pips) 1:1 TP2: (0.9060 - 40 pips) 1:2 TP3:(0.9040 - 60 pips) 1:3 HAVE FUN & HAPPY PROFITS ! ! !
We swear banks brought out all the rubbish on the internet to confuse people So they lose money. Keeping it simple is so much easier and profitable. Just get good a drawing naked charts. There's a short coming up at the key level. We will watch for price action and update clients.