Forex Market

Dear Friends, I will update you soon that why I took this trade, Regards, KHAN

a potential cypher advanced formation is setting up. i will be looking at reversal signals within the buy zone. ask your questions in comments.

Are we witnessing the formation of a h&s here on GBPUSD? The numbers say that 51% of h&s always break the neckline, so, we have a good chance if it forms.

USDTRY Day Long Resistance: 4,82500 - 4.89000 - 5.07800 - 5.46000 Support: 4.65000 - 4.5500 This is not investment advice

As forecasted last week. GBPUSD is currently falling into the BUY zone at 1.33600 - 1.32300 to form a complete STANO 1.0 pattern. A reversal candle confirmation is need to pick a BUY entry.

NZDUSD should continue up

we see H-S pattern on 4H chart. when we look daily chart, we easly see triangle and double top. Also there is a bearish engulfing candlestick. This is a nice price action. ______________________________________________________________________________ You can see my social media links below. ...

1) we see H-S pattern on 4H chart and wedge pattern. Price broke wedge and pull back to fibo 38.2. Rigt Shoulder completed. 2) On daily chart we see strong enfulfing. This shows us that the new trend will start. 3) We see perfect a pinbar on weekly chart. Check weekly chart. ______________________________________________________________________________ You can ...

AUDUSD is approaching our first resistance at 0.7567 (horizontal overlap resistance, 50% Fibonacci retracement) and price might potentially drop to our first support at 0.7489 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension). RSI is also seeing a bearish exit in line with our bearish bias.

It is good to buy on dips around 1.1755-60 with SL around 1.1700 for the TP of 1.1900/1.1980

It is good to sell on rallies around 14695-147 with SL around 148 for the TP of 145

GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a ...

Let us imagine this wave count drives the trend of the USD Turkish Lira!

Traders, On daly chart, USDJPY hit 111.4 round now is pulling back. The blue trendline is still valid and the red zone round 110 is the assumed support zone. Our last long trade on USDJPY hit TP1 WITH 150 pips, that trade is now holding without risk becoz we have our stop loss move to our entry . On weekly chart, we have an unfinished potential reverse hammer. ...

Today I would like to share with you how to use Elliott Wave in Trading. Firstly you need to analyze Daily/Weekly chart, what I've done 10 April. Elliott Wave Structure shows us sell opportunity. https://www.tradingview.com/chart/GBPJPY/wCT1SOBW-Five-Ways-the-Wave-Principle-Improves-Trading/ After that you need to go deeper at daily chart to find the right ...

AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8% Fibonacci retracement) where a strong bounce might occur above the level pushing price up to our major resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also ...

Watch your FOMC minutes today. Kudos to those of you who sold the pullback at 1.18. we are heading to right tip of the crown at 11570 with the price action dipping below 117 today. Let FOMC come out and then just get the pull back or sell the trendline breaks into that level. Have fun. https://www.youtube.com/watch?v=jIFpf5JxzHA

USDJPY / Monthly / Symmetrical Triangle