EURAUD is moving back and forth within this range. So, right now, buyers can buy at this Support Level and Target the resistance level as TP area. Possible buy Signal: Entry :1.6250-1.6290 SL :1.6210 TP :1.6420 Don't forget to use proper risk management for this trade.
Ever since the 1.25 support broke in GBPUSD it has been a good sell. In my prior GBP/USD ideas, I advocated selling GBPUSD on every pullback. GBPUSD has also broken the 1.2330 level and price has settled firmly below it. So, the best way to trade GBP/USD is to enter fresh sells on any pullback and target the 1.21 area as the final TP.
EUR/USD tried to rally yesterday but the bulls failed again. That further strengthens my long-term plan to keep selling the pullbacks in EUR/USD. I expect price to reach 1.1060 over the course of the next few days and if the bulls can't defend 1.1060 then a drop to 1.08 is also possible. So, the best way to trade EUR/USD is to sell it when price gets closer to...
NZD/USD appears to be in a trend reversal phase but bears don't have enough momentum so far. That being said, I can definitely see the bulls stepping away slowly. Bears just need a little momentum to break the 0.64 area clearly and then we can expect a bearish move to 0.6270. I have described a sell set-up in the chart. Please take a look!
USD/CAD appears to have bottomed out. Currently, the bulls are waiting to break the 1.37 key area. There must some event like a risk-off situation in the market that will trigger the Bulls to break this area strongly. Either way, price actions suggests that Bulls will break this area sooner or later. So, the best way to trade USD/CAD is to start buying the dips...
Price action analysis shows that bears are strong and EUR/USD may keep moving lower over the course of the next few days. If price breaks through the Bearish Flag, 1.1080 will be the next target for the bears. Possible Trade Signal Sell Entry : 1.1220-1.1248 Stop Loss: 1.1274 Take Profit: 1.11 The above signal will be valid only if price action supports a...
AUD/USD is currently in a trend reversal phase. Currently the price is in a very important area. If this line is broken by the bears, then I expect more downtrend in AUDUSD upto 0.6670. Since I have a bearish bias on this pair, I will be watching for a break of this line before putting new sell trades.
Dear traders, ever since GBPUSD retested the broken support last Tuesday , I advocated selling GBPUSD in my previous ideas(check below). That trade has reached my initial target of 1.2330 and more than 195 Pips have been booked so far. So, what's the current situation in GBPUSD? Well, bears are still strong and I expect the downtrend to continue but the current...
Gold is in a strong uptrend and as per my analysis, Gold will break 1800 very soon. This is reason why I have been saying about buying Gold on dips in most of my prior analysis. Geopolitical tensions and poor economic outlook will likely be Bullish for Gold over the next few weeks. So, the best plan to trade Gold is to buy Gold on Pullback. Sellers must be...
Once in a while, it is important to analyze bigger TF(timeframe) charts to understand the big picture. It's the last day of the trading week and after a series of successful sell trades in EUR/USD( 170 PIPS gain combined), I am analyzing the Weekly chart. So, what do we see here? First, take a look the small rectangular box that I have highlighted. You can see...
Price Action Analysis in EUR/JPY shows that it is ready to drop to the next support level. It is a good time to look for sell trades because the risk is low and the chance of making a profitable sell trade is quite high now. Sell Entry: 120.45-120.60, SL: 121.20, TP: 119.35
Dear traders, I publish a long-term 500 Pip Swing Trading set-up on EUR/USD yesterday which is already running with 70 pips profit(long-term idea attached below). In this idea, I am going to discuss a short-term trade set-up on EUR/USD. Price action analysis shows that bears are dominating the scheme of things in EUR/USD. So, we should trade in the direction of...
GBP/USD retested the broken support zone and as I mentioned in my previous idea, GBP/USD Started dropping after retesting the broken Support area. Currently the sell from the broken support level is running with 100 plus pips profit and I expect the downtrend to continue. Fresh sellers can enter new sell trades on pullback and ride the next bearish wave till...
Amid rising geopolitical risks and economic downturns, institutional money is flowing into Gold. As a result, Gold is in a strong Bullish trend. I expect this bullishness to continue and any kind of short-term drops should be seen as a buying opportunity. If the uptrend continues, then the next target for gold bulls will be 1785 and 1800. There's also a high...
EUR/USD is now close to the Resistance Level once again. This is a good area for the sellers to step in slowly and add small sell positions. There is a good chance of a drop to 1.08 in the next 4-5 weeks as US Dollar gains strength. The potential for profit is more than 500 pips whereas the loss can be limited to less than 120 Pips. So, the trading plan is to...
In the weekly chart, NZD/USD is unable to break the 100week Exponential Moving Average. The down trend line is also stopping the Bulls from pushing the price higher. It looks like the bears will step in very soon and push the price lower. Selling between 0.6460-.6580 is a good idea with initial target at 0.6150. SL can be placed above the resistance area.
AUD/USD is currently in a trend reversal phase. Traders get ready to for a big sell soon. AUD/USD has been unable to break the resistance area. After a strong rally for almost 3 months, it is quite natural that the buyers are stepping away and taking profit. I am expecting the big bears to step in soon and accelerate the downtrend. Sell Trades between...
In the weekly chart, the uptrend line in EUR/AUD chart is intact. So, I am expecting a rapid rise in EUR/AUD very soon. Since the analysis is based on the weekly chart, we need to manage our entries carefully. I am looking to put Buy trades between 1.61 to 1.63 with first target at 1.70 and SL below the uptrend line.