Strong breakout observed today. Momentum will likely carry it up higher to the next obvious resistance zone. GBPCAD Long Entry is valid as long as price is above 1.7300 Entry: 1.7345 SL: 1.7100 (-245) TP: 1.7660 (+315) Note that nothing herein shall constitute as investment advice. Trading in CFDs carry a high level of risk and losses can exceed deposits. Do...
Stop hunt two days ago and price broke below the 76.50 supply zone again. We will likely see this pair drift lower to the top of the downtrend line. AUDJPY Short Entry is valid as long as price is below 76.50. Entry: 75.90 SL: 77.10 (-120) TP: 75.00/74.20 (+90/+180) Note that nothing herein shall constitute as investment advice. Trading in CFDs carry a high...
Decent overhead resistance at 1.21 area causing bearish pressure. Expect a drop to the bottom of the horizontal channel in the longer time frame. GBPCHF Short Entry is valid as long as price is below 1.2140 Entry: 1.2035 SL: 1.2210 (-175) TP: 1.1620 (+415) Note that nothing herein shall constitute as investment advice. Trading in CFDs carry a high level of risk...
Gold did a huge sell down after the news release by Pfizer. Price is back to its rangebound mode. The uptrend has been broken but the sell off has not continued. We can expect 1900 and 1930 to be the next, as long as 1850 is not broken. Gold Long Entry is valid as long as price is above 1850 Entry: 1850 to 1870 regions SL: Below 1810 TP: 1900/1930 regions Note...
The market risk-on sentiment will likely burn out and this is probably a stop hunt for all the sellers who were shorting the 71.50 to 72.40 zone. Wait for price to re-enter the longer-term downtrend, then take a short position. NZDJPY Short Entry is valid as long as price is below 71.50 Entry: Sell Stop 71.50 SL: 72.50 (-100) TP: 69.60 (+190) Note that nothing...
Price is at resistance zone, market risk on sentiment unlikely to hold. We can expect more downside to the trend line. EURCHF Short Entry is valid as long as price is below 1.0830 Entry: 1.0820 SL: 1.0920 (-100) TP: 1.0715 (+115) Note that nothing herein shall constitute as investment advice. Trading in CFDs carry a high amount of risk and losses can exceed...
This pair has been in the healthy uptrend since Oct 2012, and there are no signs of the trend shifting just yet. Unless the price closes below 1.6090 or 1.5900, we are still very much in the uptrend depicted by the parallel channel. The targets are shown in the blue lines above the current price, and support levels are shown in the red lines below the current...
The uncertainty in Brexit delays can bring this pair higher. We had a breakout of the inverted head and shoulders pattern, using 0.8630 and 0.8600 as support regions. Entry is valid as long as price is above 0.8630 Entry: 0.8645 SL: 0.8590 TP1: 0.8720 TP2: 0.8780 TP3: 0.8810 Join our Telegram Channel for free forex signals with proper Entry, SL and TP levels: t.me
This pair has been in a strong downtrend for over a year. However, we are seeing signs of profit taking by the market makers on their shorts in the blue zone. Prices are supported by the support line at 0.8912 and the trend line, creating an overlap support. We can expect a temporarily relief of the bearish pressure and prices will reach the 0.9080 regions. This...
The retail shorts at the red zone (54.30 to 54.90) got stop hunted and now the market makers are in control of their short positions. We have a decent rejection candle at the next supply zone. We can expect a push down to the 51.00 levels where the market makers will accumulate more longs on their Oil positions. Short as long as price is below 57.00 Entry:...
This pair has been trading well within the parallel channel since the high on 6 Aug, with a three week ranging, peaks are observed at 29 Aug, 19 Sep and 16 Oct. I am expecting price to take a bullish reversal between here (uptrend line) and the 1.7370 regions (bottom of the channel). The retail positions >80% net short based on data from CMC and IG sentiment,...
Price is still very much in the 18-month long downtrend. I expect 1.1150 and 1.1250 to be very strong resistance areas to accumulate your shorts to target the 1.0850/1.0760 regions. Assuming a short at 1.1150 (inner band trend channel resistance) with an SL of 1.1300 and TP of 1.0850, it gives a 1:2 RRR. A short at 1.1250 (outer band trend channel resistance)...
We are seeing an accumulation zone at 0.8910 to 0.9050 where the big players are using as a zone to close out their shorts. We can expect a temporary relief of the selling pressure and expect prices to hit the 0.9230/0.9380 level once price breaks above the zone at 0.9050.
Entry is valid as long as price is above 0.6800 Entry: Buy stop 0.6810 SL: 0.6750 TP: 0.6900
Very long-term trade, expect a 2-3 months wait for it to hit the TP3/TP4 levels Entry is valid as long as price is above 83.30 Entry: 83.60 SL: 82.35 TP1: 0.8870 TP2: 0.9040 TP3: 0.9210 TP4: 0.9510
Entry is valid as long as price is above 119.25 Entry: Buy limit 119.40 SL: 118.30 TP1: 121.30 TP2: 122.95
Entry is valid as long as price is above 1.2420 Entry: 1.2460 SL: 1.2250 TP1: 1.3100 TP2: 1.3390