On the NZD/CAD comes an another oppotunity. Wedge pattern on a daily chart,the nearest key level is far enough for a great Risk-Reward ratio. After a little correction, i think this is a high probability trade.
Great long opportunity for the week on the GBP/NZD pair. After the breakout of the double bottom pattern at the last week, I think there will be a retest till the neckline. After that there is a great opportunity to trade in the Long direction.
I see several swing trade opportunities this week, this is one of them. On the GBP/USD pair, the price bounced at a strong key level, which also coincided with the EMA 200. Currently, a great risk-reward trade is opening up in the short direction. There is also a key level between our target price and the current exchange rate. When the price reach this level, set...
After a little summer hiatus, I came back with weekly analyzes. One of the best options are on the AUDCAD pair. Almost every timeframe is overbought by the RSI, and the price is dancing around a strong resistance level. A correction is expected, which provides us with excellent Risk-Reward trade.
If the 0.9636 level broke, open a short trade.
I see intraday trading opportunity on AUD/USD. The 4H chart divergent, the hourly trend line seems to be breaking, which promises us a great Risk-Reward ratio. The next strong level is around the 4-hour trend line, which can be our target price.
On the GBP/USD comes an another oppotunity. Engulfing pattern on a daily chart, RSI is not overbought anymore, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF and the EUR/USD pair. If you want to trade the dollar strengthening on every chart, beware of cumulative risk!
On the EUR/USD pair, we run a long-term short trade again. Engulfing pattern on a daily chart, RSI divergence on a 4-hour chart, the nearest key level is far enough for a great Risk-Reward ratio. This idea is similar to the USD/CHF pair. If you want to trade the dollar strengthening on both charts, beware of cumulative risk!
Great buy potential on the USD/CHF pair. An engulfing pattern on a daily chart and RSI divergence on a 4-hour chart indicate a possible trend reversal. I would call the target price the closest key level, which is associated with a great risk reward ratio of 1: 3.
I see a swing trading opportunity on EUR/USD. The price has reached a weekly trend line and we have been moving upwards without correction for a long time. If an engulfing pattern or a doji appear on the trend line, opening a short trade promises a great Risk-Reward ratio.
Weekly swing trade on the GPB/CHF. The price is at the bottom of the channel, in case of a breakout, a trade with a great return risk ratio can be opened. The weakening of the pound is expected on a fundamental basis. (failure of customs negotiations with the EU.
After a full day of strengthening, a correction is expected on the GBP/JPY chart.
The price is at strong resistance, the rsi is overbought. Target price is Fibonacci 0.5 zone, where there is also a key level.
A longer-term trade is outlined on the NZD/USD chart. A double top pattern is formed on a daily chart, and the RSI is also divergent for a couple of days. The price also seems to be bouncing off strong resistance. If the support falls, we have the opportunity to trade with a high risk-reward again. This idea is in line with previous EUR / USD plans, as both graphs...
In my opinion the biggest opportunity in this week is EUR/USD . RSI is divergent on both the daily and 4-hour charts, and there is a strong resistance to the price. In the event of a EMA 50 break, we can open a great risk-reward ratio trade.
I see today's opportunity on a GBP/CAD hourly chart.
A trend line break has occurred, however, RSI is close to the oversold range. A retest may follow back to the trend line, after which another wave of sales may break through the key level as well. This is an excellent short option for us, with a pending order we can easily board when it happens.