legendarytrades

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Joined legendarytrades
Markets Allocation
60 % forex 40 % other
Top Mentioned Symbols
USDOLLAR 20% | 1 AUDUSD 20% | 1 USDCNY 20% | 1 NZDCAD 20% | 1
102 1 0
XAUUSD, D Short
XAU/USD Swing Short Idea

Price broke below the 200 SMA both on the daily and weekly. Price tested but failed to regain momentum above the 200 SMA on the daily chart. I am short from 1270, stop at 1280, target at 1200 for a 7:1 ratio trade. Check out my instagram page for more analyses: www.instagram.com/legendary_trades

76 0 2
AUDUSD, W
AUD/USD Long Term Perspective

FX:AUDUSD The bulls are starting to wake up! BUT they still need more momentum to change the overall trend of this pair. On the daily chart, price broke above the 200 Simple Moving Average and bounced of it after the retest by printing higher lows. Currently it is trading inside this triangle and the market is eagerly waiting for a breakout to either side. If ...

25 0 0
USDCNY, W Long
USD/CNY trend reversal in the making?

With China’s Economic slowdown, and stronger U.S. Dollar, another potential long-term trend reversal may be on its way. But enough with the fundamentals. I prefer to stick to the charts and price action. So what are the reasons for this trend reversal assumption u might ask? The first thing that I look at on a chart is the 200 MA, which recently, the price broke ...

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