For now, the major resistance is found at $73 and the break above is likely to lead the oil prices towards $73.75 and $74.20. On the other hand, below $73, oil has a potential to go for $70 and $69.35. All the best! Keep following for more ideas...
Bearish NZD/USD 1.The main trend is down 2.The sentiment is negative still 3.The 20 SMA provided resistance Yesterday we had two sell forex signals in AUD/USD and NZD/USD, both of which closed in profit as the market started leaning towards the USD. The trend has been bearish for several days in these pairs and it has picked up pace as well. On top of that,...
Gold – XAU/USD – Trade Idea Today’s idea is to stay bearish below $1,255 with a stop loss of $1,259 to target $1,247 and $1,243. Moreover, don’t forget to follow the final GDP of U.S. as it may drive heavy fluctuations in the market. Good luck!
The downward channel continues to hold as the selling pressure remains strong. I'm looking for a crack of $6,000 and a move to the bottom of the price channel at $5,000. That's the point I'll be looking for the buyers to step up.
The strong early-week performance from the USD/CHF has brought parity into view once again. A defined triple-top pattern on the daily time frame (.9990-.9985) offers a good trade location to the short. Here is the plan: 1)Entry: Sell, .9985 2)Stop Loss: 1.0026 3)Profit Target: .9944 4)Risk vs Reward Ratio: 1/1 The location of the triple-top illustrates...
The NZD has been on a bearish trend in the last two days and it has been the weakest of the majors so far. The statement from the Reserve Bank of New Zealand is scaring NZD buyers away. Although, NZD/USD popped higher on comments from the US officials. We saw that as a good opportunity to sell this pair which we did and we are already in profit. The 20 SMA (grey)...
We just shared a forex trading signal to open a buy position above $71.10 with a stop below $70.85 and a target of $71.40. Good luck.
I'm sticking with the same old plan of placing my sell limit near $1,261 with a stop near $1,265 and take profit $1,253. Good luck! Keep following for more updates...
Crypto junkies are suggested to stay bearish below $6,300 to target $5,700 along with a stop loss above $6,600. Good luck.
Today's open has brought some relief for bulls after yesterday's crash. A sell with the prevailing bearish trend may be a good way to get in on the action. Here is the plan: 1)Entry: Sell 2736.25 2)Stop Loss: 2750.25 3)Profit Target: 2722.25 4)Risk vs Reward Ratio: 1/1 This trade is a short-term position trade to the bear producing 54 ticks. If it is not elected...
BTC/USD - Trade Idea Crypto junkies are suggested to stay bearish below $6,300 to target $5,700 along with a stop loss above $6,600. Good luck.
I'm placing my sell limit near $1,262 with a stop near $1,265 and take profit $1,253. Good luck!
The upward channel and the negative sentiment is pointing to a break lower. I'm targeting a move to support at 2600.
1. The bearish trend has picked up pace overnight 2. The retrace up seems complete 3. The 20 SMA is providing resistance 4. The sentiment is still negative The trend in USD/JPY is bearish and it extended the bearish move during the night with the market sentiment remaining negative. Although, it has retraced up in the last few hours. The retrace seems complete...
I'm placing my sell limit near $1,271 with a stop near $1,274 and open take profit to capture 50/60 pips. On the other hand, my buying limit is $1,261. Good luck! Keep following
The downward channel is nicely in place at the moment, but the bad news for the bulls is that there appears to be plenty of room to the downside. The bottom of the channel will coincide with $5,000. Which is a big fall from grace from the highs of $20,000. It also looks like a descending triangle with the bottom of the range being $6,000. There does appear to be...
The area between support levels (.9900-.9875) has already withstood one test from sellers. In the event we see an extension of intrasession lows, then a long from just above the Daily SMA is the play. Here is the plan for a buy: 1) Entry: .9877 2) Stop: .9849 3) Profit Target: .9899 4) Risk vs Reward Ratio: Sub-1:1 This trade may take some time to be decided....
Gold - XAU/USD - Key Trading Levels Support Resistance 1264.81 1271.53 1262.73 1273.61 1259.37 1276.97 Key Trading Level: 1268.17