:bulb: Trade Idea 📈 Buy Limit EUR/AUD @ 1.6207 :dart: Target Profit 1.6335 :octagonal_sign: Stop Loss 1.6143 :x: Do not risk more than 1% of your account on each trade :slight_smile: Good Luck! The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue...
💡 Trade Idea 📉 Sell Stop GBP/USD @ 1.3305 🎯 Target Profit 1.3148 🛑 Stop Loss 1.3383 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The price failed to break and close above the 1.3398 level. Our expectation is a potential reversal by breaking the blue trendline and then higher correction towards the highlighted white zone, and from...
💡 Trade Idea 📉 Buy Limit AUD/USD @ 0.7372 🎯 Target Profit 0.7413 🛑 Stop Loss 0.7351 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The pair was ranging inside a corrective channel and managed to breakout to the upside. A pullback is posted towards the 0.7372 level, and our expectation that this support could hold the pair to move...
💡 Trade Idea 📉 Sell Limit AUD/NZD @ 1.0519 🎯 Target Profit 1.0480 🛑 Stop Loss 1.0537 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The price is moving to the downside, and then posted a correction by ranging within a channel. Our expectation is a higher move towards the 1.0519 mark, and from there an aggressive move to the downside.
💡 Trade Idea 📉 Buy Limit NZD/CHF @ 0.6335 🎯 Target Profit 0.6428 🛑 Stop Loss 0.6304 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The pair is trading within a bullish channel. A lower correction is expected towards the lower trendline of the channel where the buyers will emerge to push the price to the upside. We have a 61.8%...
💡 Trade Idea 📉 Buy Limit AUD/JPY @ 75.81 🎯 Target Profit 76.47 🛑 Stop Loss 75.49 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The price manages to break the downtrend, and currently is holding on the 75.81 level. Our expectation is a small correction towards this level, and from there an upward movement towards the 76.47 mark.
💡 Trade Idea 📉 Buy Stop NZD/JPY @ 72.02 🎯 Target Profit 73.25 🛑 Stop Loss 71.47 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck! The price failed to cross the daily support level "113.94", plus a double bottom is posted which indicates a reversal. A lower correction towards the neckline is expected, and from this level an upward...
Bitcoin has been rallying for the last few days. Now it posted a bullish wedge which signals a potential move to the previous high 19 150 USD. Let's see if this beast can make it soon.
#USDJPY: (1D): Exactly as expected, we saw the price dropping all the way to the descending triangle bottom. The move was so strong that we could not jump in a trade though. The downtrend is still confirmed, since the price is still holding below the 200 EMA. (4H): Here we could see how the strong dropped led the way with no retest, which is what we could...
#XAUUSD: (1D): We still have a strong bullish trend in place. Recently we saw the break and retest of the continuation pattern here above. Given these technicals and the overall fundamental uncertainty across the globe, my bullish bias remains unchanged. (4H): A better view of bulls gaining strenght is given by the ascending channel formed on the 4H, with price...
After gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this...
on DAILY: this pair is sitting around support so we will be looking for buy setups on lower timeframes. on H1: GBPCHF formed an objective symmetrical triangle using RichTL indicator, so we are waiting for our trigger to buy. We are waiting for a momentum candle close above the last swing (gray area) to buy this one. Best of luck!
💡 Trade Idea 📉 Buy AUDNZD Now @ 1.0802 🎯 Target Profit 1.0737 🛑 Stop Loss 1.0831 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck!
Hi Traders and welcome to this analysis. My name is Shayan and today I will be taking a detailed look at EUR price action vs. USD. I use Eliott Wave (EW) to better find out our location in the market cycle, and get a sense of possible wave counts, but my main focus is on Wyckoff based Supply and Demand Analysis In part 1, today, we will look at the monthly and...
CAD/JPY and GBP/JPY on watch for me today.
💡 Trade Idea 📉 Buy Now AUD/USD @ 0.7297 🎯 Target Profit 0.7375 🛑 Stop Loss 0.7261 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck!
💡 Trade Idea 📉 Sell GBP/USD @ 1.3137 🎯 Target Profit 1.3035 🛑 Stop Loss 1.3185 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck!