SHORT CALL FOR EU
entry and take profit and stop loss are set
based off of passed support and resistance levels also trendlines and imbalances in the market + RSI
AUDUSD showing great potential for a 60 PIP drop. As we can see on the 4hr chart that a descending triangle was recently broken and we have now reached a level where price was rejected before and seems to have done now. With this rejection i can see a pull back of around 60 Pips to retest the previous descending triangle before forming further higher highs. I have...
USDCHF showing great potential for a 60 PIP drop. Currently we are sitting at a strong zone of resistance on the 4hr that recently was rejected. We can clearly see beforehand a bearish trend was predominant in the market and we recently saw a break of this trend to the upside. Taking this into consideration i believe we will get a pull back from this break which...
AUDUSD showing great potential for a 60 PIP rise. We currently have a well tested ascending triangle formed showing great areas of support and resistance, on 4hr we can clearly see this has been forming a while and is currently at a significant point which has been held numerous times before. The ascending triangle follows after a strong bullish market after the...
GBPCHF showing great potential for a 60 pip drop . Currently gbpchf is in the process of forming a pennant , due to the strong bearish momentum beforehand in around September i believe that the market is consolidating to ease the market down before further reaching new lower lows. Alongside this we can also see a bearish trend forming within the pennant which...
Hi Traders,
The higher time frames indicate we are in a downtrend. Price is testing key resistance at 1.28668 Level(Yellow). If price breaks and close below 1.28469(Green), we can enter in a short position for a possible target at 1.28270(Red) with a stoploss maintained above 50SMA. Traders with more risk appetite can hold this position till 1.27745(Blue).
For...
