good morning traders, so this is a little breakdown on GBPUSD and EURUSD and what i'm looking at for the upcoming weeks, there's a lot of room on both pairs and now we just need to wait for the time or the confirmation before we take them, don't get the fear and greed of missing out as this can play on your feeling and emotions with trading we don't want this, be...
EURUSD Weekly Forecast for 24th - 28th Feb 2020
- Last 2 weeks we have been bearish with EU, was looking for further declines with a potential pullback.
- We saw the bearish moves straight into the week to my first target which was set @1.0850
- Furthermore using this level as further resistance to go and hit my target 2 @1.0780
- Going into this week still with...
EURUSD Weekly Forecast for 10th-14th Feb 2020
- Last week EU broke through key areas set for pullback using these as resistance for new lows.
- Going into this week with first key level set at 1.0850 for further bearish momentum.
- Always keeping in mind key areas for potential pullback at previous broken support turning resistance @1.1035 - This will be best...
EURUSD Weekly Forecast for 3rd - 7th Feb 2020
- Last week EU hit target 1 @ 1.1 (psychological level)
- Going into this week with market showing bullish momentum so setting first short term target @1.1130
- If healthy pullback occurs or market shows further bullish patterns my first target will be set @1.1165
- The best pullback would be towards the previous...
Very simple and uncomplicated analysis showing my bias for EURUSD. I am looking to take long positions and for this trade I will scale in conservatively as we could hit the 61.8 level. First position will be around 0.3% and if it reaches the 61.8 I will add a further 0.7% along the way.
Looking to BUY GBPUSD in BUY AREAS and to close position in TP AREAS. (30+ PIPS)
Looking to target price area 1.291
- Do not trade if price breaks through BUY AREAS with clear bearish momentum
- Wait for reversal pattern
Looking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of...
Looking to BUY GBPUSD in BUY AREA and to close trade in TP AREAS (30+ PIPS)
Looking to target price area 1.284
- Enter on reversal pattern
- Do not enter on bearish break through of buy area with strong momentum
Looking to SELL GBPUSD in SELL AREA and to close position in TP AREAS. (30+ PIPS, Potential 120PIPS SWING)
- Do not enter on strong bullish breakthrough of sell area
- Look to enter on reversal pattern
- If price breaks through 122 area with strong bearish momentum, execute sell
TRADE AT YOUR OWN RISK!