EURNZD - 24h expiry Broken out of the channel formation to the downside. With resistance seen at 1.7690 and Marabuzo resistance at 1.7680, there is scope for selling rallies. Preferred trade is to sell into rallies. Short term MACD has turned negative. 50 4hour EMA is at 1.7692. We look to Sell at 1.7685 (stop at 1.7735) Our profit targets will be 1.7565...
CHN50 - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. The primary trend remains bearish. Short term momentum is bearish. We look for losses to be extended today. A break of the recent low at 11356 should result in a further move lower. We look to Sell a break of 11345 (stop at 11465) Our profit targets will be 11045...
NZDUSD - 24h expiry Price action has stalled at good resistance levels and currently trades just below here (0.6120). We expect a reversal in this move. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 0.6100 will confirm the bearish momentum. The measured move...
Hello Traders! - SHORT TRADE EXECUTION - This is my idea related to NZDJPY M30. I see that the trend is going bearish, and I expect that the PDL or BOSS will be taken. My target is the OB level at M30 tf. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. Preferred trade is to buy on dips. We look to...
Hello Traders, here is the full analysis. This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO...
Went long taking positional trade on asahi song Close above 290 only will give good moves. hence gone with 30% allocation looks like trend change.
Hello Traders, here is the full analysis. Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question,...
AUDUSD - 24h expiry Trading has been mixed and volatile. Price action has continued to range within a rectangle formation. The primary trend remains bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.6600. We look to Sell at 0.6600 (stop at 0.6624) Our profit targets will be 0.6540 and 0.6520 Resistance: 0.6600 / 0.6630...
AUD/USD started 2024 strong, above 0.68 after a nearly 4% rally in December. However, the exchange rate soon ran into trouble and reversed this rally. I maintain the Q1 and Q4 forecasts for AUD/USD of 0.68 and 0.72 respectively. While there is a further repricing of the Fed, which will weigh on the exchange rate, investors will also push back expectations for RBA...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Here's an idea on how to trade this range with a 3:1 R2R for each trade.
Taking a look at the daily chart, price action is testing a critical support area while RSI is indicating a bottom with the bullish divergence.
Entry: with price above 36.50 Volume: with volume greater than average. Normally I would say greater than the volume from the previous high, in this case 6.032M, but given that volume is from earnings, that is unlikely. The more volume the better. Target: 39.19 area. This is an area, you might consider existing early if price drops below a significant...
Entry: with price above 505.48 Volume: with volume greater than 41.61M Target: 590.09 area. this is an area, you might consider existing early if price drops below a significant moving average such as the 20 or 50 EMA. YoU might also considering holding some portion of the trade longer as price closes above significant moving averages. Stop: Depending on...
NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. Price action looks to be forming a bottom. The primary trend remains bullish. We look to buy dips. We look to Buy at 35980 (stop at 35760) Our profit targets will be 36530 and 36630...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6075 will confirm the bearish momentum. The measured move target is 0.6025. We look to Sell...
GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. The preferred trade is to buy on dips. We look to Buy at 1.2725 (stop at 1.2693) Our profit targets...