This is a short term trade on EURGBP. There is a medium level support on 0.7410 area which is tempting me to have a long entry from 0.7420 with 20 pips stop. Expecting the market to reach 200 EMA from this area.
i think we can see up trend from now , i think price can get back from this place
Traders, As you may recall, a few days ago, I posted a DAILY chart of the USDollar index, in which the model defined a top-most target ("TG-x") at 11474 - See this chart and analysis here: . While price did hit that target and has since weaved a near-symmetrical consolidation pattern around this forecast level, I thought it prudent to look at that level with...
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Potential Short based on Fib analysis. Others share your idea on this analysis. This is my first idea publish I am new bee to FX trading would like to sharpen my analysis. share your thoughts.
The pair has had four consecutive days of trying to break and close above the .7845 level. It have been unable to do so which makes me think there are a lot of sellers just waiting above that level. I will short with stops above last weeks high. We discuss this in the Weekend Preview. Check it out here: youtu.be Have all of our ideas delivered directly to your...
The price just broke out of the channel downwards, so I decided to go short. I also noticted a MACD crossover.
The situation is very optimal for a buy with targets at 0.815 and 0.82 or 0.83 in extension.
These are the levels I will be watching for bearish PA. Weekly looks set to post morning star but lets see what the rest of the week brings.