Main items we can see on the chart: a) The price is above a well-tested Support Resistance zone b) It has been there for 70 days almost c) We expect that the direction of the breakout of the range would be bullish based on the technical structures of the current situation d) Our Target for the Breakout is going to be 1900
Looking for a pullback to retest the current descending trendline and open shorts around the 0.618 fib retracement area in correspondence to the previous resistance level. Overall strong zone of confluence to open positions.
Hi traders, As we speak there is a potential LONG trade going on for EURNZD. It would be good if we could brake the daily zone a bit before we can really take a short-term entry for a LONG position. will keep you updated! If you want more free information than follow me so you keep me motivated!
I anticipate a formation of a triple bottom on the 4H chart and a double bottom formation on the daily chart. Price has also reached the weekly support zone which has been tested before (blue zone). On the monthly chart the same zone has been a critical area of resistance, I anticipate this zone to be broken on the monthly chart to continue an upwards trajectory....
On the daily chart, the pair is at an important area of support. A strong indication of a reversal is imminent with a double bottom highly likely. As such I anticipate a bounce off the trendline once the retest is complete to also form an inverse head & shoulders on the 4H chart. This is a swing trade with a risk-reward ratio of 1:12.36. So GBPNZD LONG: SL:...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Main items we can see on the chart: a) The price had been inside a Range (yellow lines) and was broken with a massive bullish movement b) After the first impulse we saw a reversal a now we are on a situation where the price is retesting the broken level c) Above the mentioned zone there is a new corrective Structure (purple lines) + broken descending...
With the new interest rates and the monetary policy for GBP and JPY this week, this move seems very promising and lines up very well with the fundamentals and technicals. Obviously, expect retracements along the way. All of my trades are broken down on my IG with the complete chart and profit transparency: @sharmafx Please direct any questions/concerns to my IG page.
GBPCHF is in a clear short-term downtrend and, for now, sellers seem strong enough to continue to push the price down. We already had a very important signal: a strong bearish movement breaking through an important level. Setup of moving averages is turning bearish and we can also play this with a very favorable risk to reward ratio of 1:3 or better. Good luck!
Swing trade triggered at the previous lows.. Good luck to all trading GBP/USD
Bank nifty may test 22000 coming week.
Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and...
SPX500USD daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than...
USD/CAD daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than...
GC1! daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than...
GBP/JPY daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than...
GBP/USD daily chart - swing trade * This is my simple analysis * (My trading style is strictly price action.) Risk Disclosure DISCLAIMER: Forex, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than...