hello traders.for silver we had choch in weekly and also daily time frame.now we are in demand area and after confirmation in this zone ,price can keep going to upside.
what do you think?
R:R 2.32
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Same idea as the previous short on this pair. I expect to see some resistance form on the hourly chart over the day or so. This will happen in the yellow zone. Once that happens I will be taking short positions from them with my SL being about 15 pips above where that resistance is.
Hey traders,
This a potential setup forming on the USDJPY H1 Charts.
i have my red trend line drawn which was previously broken.
Looks like price is now coming back up to retest it.
Price action wise - we currently have a pinbar, but we must wait for the hour to close before deciding.
If price can maintain the pinbar or form a strong bearish close, then that...
Hey traders,
THis is my analysis on the USDCAD for the H1.
We can see a double top formation on the H1 charts.
Price has broken through the neckline and retested.
The neckline is also a S/R if we look at the left of the chart.
RIsk to Reward: 2
MACD also has bearish signs on the H4 with a cross.
An engulfing candle of the 2 previous bars shows bears coming...
usdchf seems to be the only pair bucking the trend. If the pair is rally so much when dollar is weak, what happens to it when dollar starts moving.
I would go long at that TL and a stop below the recent low and the horizontal support.
Target parity, its not too much to ask for is it. ?
Hi traders,
USDJPY has stopped and formed a reversal signal at the area 0.618. Since the major trend is still uptrend, a long position will be preferable.
TP: @115.20
Thank you and feel free to exchange your ideas with me.
**Trade with care**
