Entry criteria: Do not enter if the price breaks the selling area. Wait for a reversal to enter.
Exit criteria: When the price hits target 1 put SL to breakeven. If price breaks target 1 area with momentum then TP at target 2.
Trade at your own risk.
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As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.694.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.693.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
GBPCAD WEEKLY on the left: we are approaching a very key reversal zone in the market
H8 on the right, MACD convergence forming as well
I suspect a 500 pip move to the upside
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits...
In my analysis, there are 2 fractals. However, the environment of the two tracks is different. Let's look at the first fractal. There the ATR axis extension (green line) translated the exchange rate. And in the present case, you can take the direction from the extended ATR axis upwards. So the copying of the first fractal is currently finished. If this movement...
Interesting comparison of price range from 2017 Projected to 2019 … finger's crossed ^^
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before committing to any positions)
OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
as we can see here on the EUR/JPY chart. the market has been trending within the top blue trendline and the bottom blue support area. for the 3rd time price has tested the bottom blue support area and has bounced off to have a strong move to the upside towards the top resistance line. now price has retraced and has tested 0.5 fib level and the candlesticks are...
Possible change in overall trend for EURUSD. This pair has been moving in a solid downtrend for a good few months now and I believe we have now started the first ascent within a big uptrend. Price is currently acting within a parallel trend line channel and has recently crossed both the 200 and 50 EMA indicating that there could be a long bias incoming. I have...