About meHave been trading Forex Markets for over 7 years now. Only now I feel like contributing something worthy for the community. You may not find fancy and colorful drawing and shapes on my charts I rather rely on trendlines analysis. whatsapp +923408088408
Well not much to say but it somehow looks like another leg up towards 1.1365 its sitting on a key short term support level. Lets see how it unfolds. There is some fundamental breaking news as well but rely only on technicals
GBP/USD is currently heading for the above Resistance level I have plotted on chart. Watch out for this key level. If it gets broken then chances for bulls are great but in my own opinion GBP/USD will get a strong resistance from this area and is most likely to be rejected with huge potential for Bears. Therefore my personal bias remains bearish after hitting the...
This area in in short term is a nice support level which I believe would hold for short term good enough to give us a few pips. Let's see how it unfolds. Don't forget to give a like if u find it interesting enough.
EurUsd market at this stage is looking biased for Bulls atleast for the short term or intraday trading. At this time as I publish this one liquidity is not enough in Asian session tomorrow as the liquidity picks up we might achieve our targets. I don't know much about findamentals but technically market is gathering for a bull move may be after FOMC minutes...
First the pair should retrace up to .618 retracement level which is also the neck line of previous double top. My previous idea still valid and this one is the next expected move if we hit our previous target. Then we short it from there. Your ideas and comments are most welcome.
EurUsd fell sharply to a short term support level and is likely to give us a good opportunity for buying. We are expecting a correction here which might just carry on. Risk to reward ratio is 1:2 so it is worth the risk to buy here. Lets see how it unfolds.
EurUsd currency pair is nearing a short term support level. Watching previous price action we are most likely to get a bounce for 60 to 80 pips from this support level. Stops should be @ 30 pips from entry. Hit like button if you really liked it.
EURUSD is currently testing a key support if it succeeds in breaking this one then next support area shown below is exposed and Possible trading opportunities may present themselves as shown below. This is just my personal view and not and should not be considered an investment advice in anyway.
EURUSD pair has already broken all the up trend lines and formed new down trend lines at this point it is testing both up and down trend lines at the same point confluence of trendlines what we call it technically. I am shorting it for short term gains and risk is also not very high even if it gains momentum upwards again.
As I am posting this one EURUSD is testing a key support resisitance area which has proved its significance in past price action regardless of fundamentals which I don't know too much I personally believev that its gonna reverse from here pretty soon. Support area and trend line confluence are a good indication of holding this are and I am strongly bullish from here
USDCAD has been moving in an upward channel for some time now. watch out for Price Action on channel breakout or continuation. I have drawn the key horizontal levels to consider a breakout or continuation. I always emphasize on Candlestick Patterns to assist your decisions.