The pair corrected down yesterday, but the move was on very small volume, so that we can't consider it as a reversal signal, so that long positions are still in priority at the moment. We can enter the market after a stoppage of the correction and a resumption of the growth. A stop loss should be placed below the support 1.2404 - 1.2428. A potential of the deal...
EUR/USD The local downtrend for the Euro continues as the price broke down the lower boundary of the previous local consolidation. The fall was quite abrupt, but unfortunately it was on small volume, so we can't point out any fresh volume level. It leads to the absence of the place for a stop loss. That's why we need to wait for the appearance of increased/large...
GBP/USD The Pound also fell down and broke down the previous local consolidation. Despite the confident downward move, which is a good bearish signal, volume on the market is low, so we can't highlight any new volume level or zone. It makes trading the Pound more difficult as there is no a good place for a stop loss.That's why we need to wait for the appearance of...
Pair: XAUUSD Order: BUY Pending Entry : 1294.663 CMP Entry: 1298.979 Take Profit : 1317.796 Stop loss : 1275.894 Risk Vs Reward: 1:26
Hello Traders, USDCAD Breakout the monthly trendline and the correction structure is also broken , now forming a good impulse structure in 4 hr time trames, now i am waiting for a pullback , if not price came to the pullback level enter at the current market price Entry Details: Pair: usdcad Order: Sell Pending Entry : 1.31594 CMP Entry: 1.29949 Take...
Hello Traders, NZDUSD Breaks the down trendline with a bearish impulse and now forming a flag corrective structure in 1hr time frame and see the breakout trap candle in 4hr chart open sell entry at cmp Entry Details: Pair: NZDUSD Order: Sell CMP Entry: 0.72814 Take Profit : 072131 Stop loss : 0.73155 Risk Vs Reward: 1:2
Hello Traders, USDCAD moves down trend and i am waiting for the breakout of a corrective structure with good impulse move and also this pair waiting for a big move in down according to the weekly chart... Entry Details: Pair: USDCAD Order: SELL Entry : 1.35690 Take Profit : 1.32706 Stop loss : 1.35831 Risk Vs Reward: 1:1.97
ENTRY DETAILS: PAIR: GBPJPY ORDER: BUY ENTRY : 139.111 STOP LOSS: 134.506 TAKE PROFIT : 144.88 R:R = 1:1.22
ENTRY DETAILS: PAIR: GBPAUD ORDER: BUY PENDING ENTRY : 1.72206 TAKE PROFIT : .73256
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
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Since early November, the EURUSD kept observing descending trend-channel formation that favors the pair's downside. On Wednesday, the pair rose to 1.0630 mark but weaker that expected CPI reading pulled it back, indicating 1.0550 re-test, breaking which the channel support, near 1.0500 round figure mark becomes important for the pair traders. On the upside,...
Gold is trying to get back up, but first it will go around yellow line before it goes up. It's gonna be interesting that we have open mind because it might go down for the first hours till market is opened tomorrow morning.