About meNewbie trader for 3 years soon. Going towards to become a more professional forex trader. I like to keep ideas simple and easy to understand. I always look first at Priceaction, followed by Fibonacci, RSI and last Bollinger bands. That's all I look at.
Possible upside for this pair. it can be time for pullback. Price on daily chart trends at 20 day moving average. And last day had strong buy pressure. For targets look first at 1.53730 and for second target look at 1.57028. Stops should be below last low.
I like this setup a lot. Cad has been sold off lately. Some kind of retracement is needed soon. We saw bulls try to push price higher but it went down again at 83.500. In best scenario I want to see price go lower than 81.400. Down there I will definitely buy some lots.
More info in the chart.
This pair looks very interesting right now from technical point of view. Price is trading now at strong resistance on weekly chart.
My personal view is neutral because if resistance is broken we may see continuing bullmarket. But in short term it can be interesting to short this as daytrade, possibly as swingtrade if price moves down significantly.
Have in mind...
Looking for bulls to take over control. For target i see last hight at 152 1.28% .830 as good zone to bank profits. 151.190 is also good zone, if prices struggles to move higher above.
And for risk management previous low is a good point to set your stop-loss.
Good luck all.
Anticipate more downside on this pair. If prices moves up and above last top than wait. As long top holds look at short opportunities.
Last low support is great area for profit banking.
Have a happy trading and make some sweet pips.
Gold have taken some damage last month. For this week I see more downside for this metal. Area I have monitoring is fib 0.61 level and trendline. If price moves below that level than anticipate more selling for gold.
Hello. This pair looks to get ready for turnaround to the downside. But stil on weekly and monthly chart uptrend is strong. So be careful with shorting. Look for confirmation before entering.
If we see push down than be sure you have stop loss in place. I will trade with minilots if I see confirmation.
USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity.
Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
My bias for aud/usd is bullish.
I was shorting this pair 2 times this week with small positive outcome. But bears have difficulties to push down, and we are entering bull area which means that there is better chance to go long than short. Enter at lows and take profit at last highs as showed in the chart.