Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts...
Trading The Range
1. Market closed in the range on the 15M chart.
2. On the 15M minor support was formed
3.Buys were taken on the high of the previous candle and SL at the bottom of the candle to manage risk.
4. SL moved to BE at 10pips, closed 1 trade and left a runner.
if the market breaks the first resistance , it will rise . and if it breaks the support the market will go down .
So if you have a suggestion or advice leave it in the comments . and if you like my analysis break the 'Like' button
The monthly and weekly chart has shown a w formation that has been mad. On both charts, price has now reached the previous area of resistance and is now acting as support. I am expecting price to reject the area and rise to the 124.200 area, however, because on the daily and 4hr chart price is consolidating, I will wait for a breakout as confirmation. The weekly...
DXY H4 - Support held from the breakout price, wicked down to trendline support. Need to break new highs and maintain that HH and HL sequence to compliment some of these USD*** long setups, such as USDCHF and USDCAD.
Short-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3033).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day...
Midterm forecast:
. While the price is above the support 1.3430, beginning of uptrend is expected.
. We make sure when the resistance at 1.3754 breaks.
. If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
Hey Folks,
I hope you all are enjoying your trading journey.
I would like to share my GBPJPY trade setup with you guys.
Note: I don't advise anyone to follow my shared trades. I only share my setups for learning purposes. If anyone wants to follow my trades you should always double check it with your own strategy and take trades at your own risk.
Have fun!
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD , if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful .
If you did like this free educational chart please...
Hi Traders,
Have you seen that EURUSD is approaching an area of value where we can find a high probable trade. I'll try to help you guys with decision making here. We will look into both possible scenarios as we are not here to predict the future but to take high probable trades according to the market condition.
Scenario 1 - If you see a clear price rejection...
AUDCAD- Long idea (Wait on 4H close)
We can see that price broke out of this descending TL, changing trends, confirmed with the higher highs and higher lows, we are also testing the 50EMA as support and the 61.8 fib level. For a confirmed entry I will be looking for a long wick candlestick
Hey Traders,
I would like to share my trade on USOIL today.
Note: Do not take more than 0.5% risk and open two positions as crude oil inventories data release is at 3:30 GMT. If price goes 40 pips in favour move Stops to entry price.
Enjoy Trading!
Morning Traders!
I hope you all are enjoying your trading journey.
Cable is showing some serious signs of weakness which we shouldn't ignore.
I would say wait for the price to break below the support if you want to take a high probable short trade.
What If price breaks above the supply zone ??
You will be thinking we should buy then but i would say no, we should...
