Simple bullish flag formation. 50% fib level acting as support. With the expectation of a Boris Election victory, we should see a nice bullish rally incoming.
Buy Order @ 2.03350
Stop Loss: 2.02250
Take profit: 2.19100
*Sell Limit Order*
Its evident that the price is stuck in a sideways channel, and the area at which the price rests gives no clear indication on the short term bias. Coming off some strong bearish movement cause by the NFP, there no clear sign of a solid loss of momentum, thus Bias should remain bearish. I'm looking for a retest at the 1465 psychological...
Buy order on gold. Looking to enter at the lowest point of the current zones support. @1456.0
Support should hold. Expecting a bounce up to retest 1463 zone which was previously broken. However If price manages to break below 1455.5, we can expect further downside to 1450. For that reason, the stop loss is very tight, at only 20 pips (200 micro)
Entry: 1456.0
SL:...
Based on 4hr chart, we can see that there are higher lows and higher highs being formed, with long multiple wicks rejecting the downside around the 1468 area. There's also a beautiful ascending channel developing. These confluences are enough to give me a Bullish bias. The SL is very tight due to the current economic conditions, especially as the ongoing US-China...
1. Multiple rejection wicks to the upside at current price (price is failing to break above previous support which was broken.)
2.If price fails to close above 1.32100 on the daily chart, we have reason to sell as the previous support will be the new resistance.
3. Expecting price to drop lower to 1.31400, which is our next support level, also being our profit...
Lower lows being formed. Can expect a retest at lower trendline touch. Thus we can put a buy order inline with the support from late july (@1.10300).
BUY LIMIT ORDER: 1.10222
STOP LOSS:1.100
TAKE PROFIT: 1.12300
Sell Limit Order: @ 1.7500
Confluences: 1) Heavy exhaustion wicks withing the highlighted zone
2) Price is respecting the bottom ascending trendline, thus we can expect the price to drop and touch it or break through.
3) To be honest i hate explaining myself, because i have to put it all in trading terminology and sound...
Price is approaching a major support level. Price is expected to bounce back into an uptrend upon reaching the 1.81200-1.81300 levels. There's not much happening fundamentally for a strong and sustained bearing bias.
OANDA:USDJPY Price is around key support level which was hit around early January this year. As you can see, there was major gains following the most recent support level, and we should expect to see the same again. Expecting a bounce off the support level and taking first profit on the point it hits the down trendline. Although there's been major losses across...
ENTRY: 1286.00
TP: 1310.00
SL: 1280.00
Based on the 4hr Chart, the price is a near major support level. Expecting the price to begin a bull run which should take us to the next major resistance level of 1310 (Hit on March 14th and April 11th). STop loss has been set to its next major support level. Low risk trade with enormous profit potential. Lets see how it plays out!
FX:USDJPY
Entry Level: 109.850
TP: 11.850
SL: 108.42
Ratio: 2:1
Based on the daily chart, the price has closed at a key support level which it hit in mid september 2018. Note that after that it hit that resistance level, it went on a major bull run, which saw the price go from a low of 109.900 (current), to hit highs of 114.00 !! In addition, the current candle...
