A fakeout just below the 0.67296 daily horizontal support level has presented a long trading opportunity on the NZDUSD chart. Depending on how soon you enter the trade, you could be looking at a reward-to-risk ratio of 3.57 if you set your stop at 0.66995 and your target at 0.68630. Endeavour to check with your own analysis before making any trading...
An opportunity in the sell direction just presented itself on the GBPJPY chart: A fakeout is seen just above the 164.630 Weekly Horizontal Resistance Level occasioned by the Bearish Harami Candlestick Pattern. With Stop Loss at 164.998 (about 44.8 PIPS) and Profit Target at 162.640 (about 191.0 PIPS), you could be looking at a Reward-to-Risk Ratio of 4.26. As...
A long trade opportunity has just presented itself on the EURUSD chart with a bullish engulfing candlestick pattern slightly above the 1.08094 Daily Horizontal Support Level. This signals a Rejection of the support level and hence a buy trade; a 5.9 Reward-to-Risk Ratio is possible with a stop at 1.07998 and a target at 1.09523. This is just my idea and not a...
A long trade opportunity recently presented itself on the CADCHF trading chart. This is signalled by a bullish harami candlestick pattern just above the 0.73580 horizontal support level. Depending on when you enter this trade, you could expect a reward-to-risk ratio of 3.73 with SL at 0.73549 and TP at 0.74519
There's a short trading opportunity for the CHFJPY currency pair as shown by the fakeout demonstrated by the bearish harami candlestick pattern slightly above the 134.650 horizontal resistance level. A reward-to-risk ratio of 5.51 is possible if you get into the trade early enough; stop loss is at 135.523 and take profit at 129.261.
A fakeout (false breakout) signalled by a bearish harami candlestick pattern just above the 125.402 horizontal resistance level has just provided a selling opportunity for the USDJPY currency pair. A reward-to-risk ratio of above 4.00 is possible with stop loss at 126.005 and target at 123.531.