Trading idea for EURGBP. Short. Please leave a comment. Like and share if you agree with this strategy.
bias BUY near W-((iv)) region
ithin it's going up in the next few days please tell me your opinion about it and enter a trade only for your analysis not mine
Gold experienced extreme volatility recently due to Coronavirus scares adn bond yeilds dropping. So the downwsrd movement tells me that it could of been a huge correction if so then Gold will be poised for a rally towards $1700-$1800. If scares carry on the US will start pumping money into gold and Asia even more so. This trade carries a lot of risk due to the...
This idea is based on a minor down trend channel that began Jan 22, 2018. The top of the channel was retested Dec 27, 2019 and continues downward. Here is an opportunity to catch 20 pips as AUDJPY broke below the 73.325 price on Fri 9, 2020. Possible short if we can get a retest for entry at 73.325.
Daily is currently at a minor support level so we can see some relief to the green line. Double Bottom and then a break of the V Point on the 60 can provide a decent opportunity between the zones drawn in. 60 in itself isnt too convincing but you can use it as an entry for higher time frame perspective.
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.
NzdUsd putting in a nice head and shoulders pattern with divergence and confirmation on the RSI on the 60. We have also recently broken a level on the daily and even though in overall consolidation now we can take this as a shorter term on the pullback or break.
NzdJpy reached a good level of support with actual room to go higher. Also on the 5 minute we have a head and shoulders setting p, still early but definitely something you can look to ride up then even down for the retest.
NzdJpy providing a potential shorting opportunity. I would be looking at a short in the higher red zone if we get a pullback and look to continue the short term downwards move for a retest of the lows at least.
Scratch my previous post about the #AUDUSD short. I notice a better supply level (green) just above it for a weekly income with an entry of about 0.72481. #forex
Break out has happend with a bearish candle with big wick with MACD tops lower. Target is the major support before this will have the next bounce. Stochastic has room to move lower. Will take trade on 60 min timeframe which is also showimg comfirmation
Another possible Elliot Waves formation in AUDUSD 60, I did not defined any entry points, but I believe at long candle breakout is a good point once Stoch are Oversold .
Waiting for D Completion at price reaction zone setting entry buy limit Sl under X TP1 at 38,2% of the AD Leg TP2 at 61,8% of the AD Leg Good Luck!