SimpleFxPRO

SimpleFxPRO

The retracement after the first impusle appears complete hence my long trade idea. Stop loss below the last low around 50 pips TP open up to upper channel ?

SimpleFxPRO

Here we have a price retracing to 68.1, hitting resistance at a descending parallel channel Price also coming into an area that has been testes multiple times as support and Resistance Potential R:R of 5: 1

SimpleFxPRO

The retracement is complete and down we go !

SimpleFxPRO

Price just recently retested my bottom channel, Target will be next resistance

SimpleFxPRO

So from looking at this CHFJPY H4 chart, I believe that a retracement is now in progress that should lead to at least a 50% correction We have a new channel forming, and I expect price to respect this channel all the way down to 50% fib and possibly 61.8Fib This provides a short sell opportunity Any questions or want to learn how to trade, please check...

SimpleFxPRO

EURUSD has faced significant resistance here in recent past. Will Price likely fall back into my descending channel ? also seeing some H4 regular bearish divergence

SimpleFxPRO

AUDJPY currently testing mid channel resistance with a potential for a drop.

SimpleFxPRO

Here we have GBPNZD still respecting a long term channel support. Currently there is a bullish divergence spotted around this support area. My trade idea is for a bullish retracement up to price level of 2.01213 (TP) around 300 pips which acted previously as support but was broken down to make a lower low. there is a possibility of a downtrend continuation at...

SimpleFxPRO

here we see GBPNZD price of 1.99100 at confluence with current channel support with established key horizontal level that has been tested multiple times in the past as both resistance and support With my stochastic below 10 I am buying at market and I expect price to move up to previous support level of around 2.01250 as new resistance, then downtrend...

SimpleFxPRO

So we see that the ares of 1.22664 has acted as support multiple times in the recent past, that level was broken to make a new low, but price has now come back to re test that level, which is now turning into resistance. So this is reason for taking a short at least to the next level of support as TP1 .

SimpleFxPRO

The EURUSD has been in decline for a while. Here I see downtrend continuation as price bounces off my top channel resistance

SimpleFxPRO

Here we also see GBPJPY bouncing off the lower channel support which is also around 50% fib retracement ( 129.889) Possible short term bounce to around 130.923 as TP1 or even 131.960 which will be confluence with upper channel resistance Also note that 131.960 level has been recently tested multiple times as support and resistance, so this would be a level for...

SimpleFxPRO

This is an H4 counter trend idea with price just bouncing off the lower channel support. Target will be next key level of previous support which is likely to turn into resistance SL below the last low

SimpleFxPRO

EURCAD has tested the top of the ascending channel. Good reward to risk for a short sell from around 1.52526 zone. Great zone for TP would be around 1.50720, I would put my SL just above the previous high

SimpleFxPRO

So we had a retracement up to $10,000 + a tiny bit, short term , I am still bearish on bitcoin, I think we may have another jump upto $9150 but I expect another leg down to around $7,400

SimpleFxPRO

Technically Bitcoin is still in a downtrend as we have just seen a lower high of $9400 being printed on the chart. Bitcoin has recently been retracing against the main down trend. We appear to have seen the end of retracement. We now have a confluence of resistance of upper trend line of main down trend and upper trend line main of H4 retracement channel. We...

02:02

SimpleFxPRO

This is keeping with the current up trend. If you have any comments, please leave them below or if you want to learn more, please let me know

SimpleFxPRO

Currently respecting the equidistant parallel channel and trending upwards Target will be at area of confluence of both the upper channel trend line and horizontal resistance level