Here you can see my trading channel of XAUUSD. We have NOW a BIG Resistence and we will go SHORT. If XAUUSD will go through our STOP LOSS we have another position to go SHORT. We do not have a UPTREND, here we have a DOWNTREND with lower lows and lower highs. So take a SHORT and take the Money :D
Im still sticking with the same bias which is 1.20000 target by March.
BUY EUR/USD 1.13066
STOP LOSS - 1.12683
TAKE PROFIT 1 - 1.16250
TAKE PROFIT 2 - 1.20000
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EUR NZD BROKE A KEY LEVEL, AND COME BACK TO 1.67310 REJECTING THIS AREA AND MOVE US BACK ABOVE 1.68010.
At this exact moment, we should be looking for a clear rejection of 1.68010, confirming that will be our new support in order to head to our target 1.68946!
All the best Trading Protection!
AUD NZD IS ABOUT TO PRESENT US WITH A LONG OPPORTUNITY!
Making the description simple - we have our daily resistance at 1.05355 that have rejected around 5 times from that zone. With that been said, a clean break of 1.05355 and retest would present us with a long opportunity!
Please, be patience and see the resistance turning support in order to place a long...
Just started learning to trade forex and hoping to get some feedback weather i am using the outer/inner TL's appropriately. Any feed back would be great.
I am predicting there will be a third bounce off the upper TL and will be looking to short the coming week.
The Trend Follower Strategy has just sold USDCHF at 0.99393. The system recommends entering this trade at any price between 0.99298 and 0.99488. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.59827. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
ABCD Formation: as you can see this has formed an ABCD formation so we should be looking for a downtrend now.
Also their is a small Descending Triangle forming therefore we could expect a big breakout from this.
Furthermore for extra security and confidence for this trade wait for the EMA Reversal, as the line should cross the opposite side of the charts.
Swing trade again here. The pound has been rallying and can also see break out of resistance. This has now been tested and confirmed to be the new support. long this with a tight stop and move stop with every new swing created.
We have had a break out long on the 4 hour range. This was at the 82.44 Level. We then wait and see if we close about this, which we did and then we have our trade. I always wait for the slight pull back before entering. Stop can then be set at last swing long and TP1 - 83.52 TP2 84.80.