Buy above 0.7745. Stop loss at 0.7714. Take profit at 0.7807.
Reason for the trading strategy (technically):
CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where we expect price to rise to its resistance at 0.78070 (horizontal swing high resistance) if broken.
Stochastic (55, 5, 3) bounced from its support...
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the price is above the support 0.9815, continuation of...
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the price is above the support 0.9815, continuation of...
New trading suggestion:
There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the level 110.30 is not broken, the Midterm wave will be downtrend.
Price may also reach 110.30, if price reaches...
XAUUSD tested its resistance at 1318 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially fall further to its support at 1310 (50%, 50% & 76.4% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 94% where a corresponding drop down could occur.
Sell below 0.8851. Stop loss at 0.8903. Take profit at 0.8731.
Reason for the trading strategy (technically):
EURGBP is approaching its resistance at 0.8851 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off it, causing it to fall to its support at 0.8731 (100%...
Hello folks , come back to the forex! Today is the first friday of the month , so NFP USA , it would be surely a high volatility day because of this big impact news for the dollar. So my advice is to take position after the news , after the big volatility , but if you have a more aggressive approach , forget what i said! So there is a descending trendline that...
Price has been rejected 3 times from 1.0000 psychological wall. in 15 minutes timeframe got a strong bearish candle , i would take this signal with a SL above 1.00000 and tp1 around 0.99200 , a previous support zone and tp2 0.98400. So i think it's clear what's my position about USD today. Obviously as i said in the previous idea , be careful to trade today cause...
Sell below 1.2927. Stop loss at 1.3000. Take profit at 1.2759.
Reason for trading strategy:
USDCAD is testing its resistance at 1.2927 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.2759 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious...
Sell below 9734. Stop loss at 10119. Take profit at 9117.
Reason for the trading strategy (technically):
BTCUSD tested its resistance at 9734 (61.8% Fibonacci extension, 100% Fibonacci extension, long term 61.8% Fibonacci retracement, horizontal swing high resistance) where we expect to see price push down further to its support at 9117 (100% Fibonacci extension,...
Sell below 1.0730. Stop loss 1.0772. Take profit at 1.0618.
Reason for the trading strategy (technically):
AUDNZD is approaching resistance at 1.0730 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, multiple swing high resistance) where we expect to see a reversal, causing price to fall to its support at 1.0618 (61.8% Fibonacci extension, horizontal swing...
XAUUSD is being held down by its descending channel where a potential reversal at channel resistance 1313 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance) could occur, causing price to fall to its support at 1303 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is making its way to its...
Sell below 9208. Stop loss at 9487. Take profit at 8447.
Reason for the trading strategy (technically):
BTCUSD is approaching its support at 9208 (38.2% Fibonacci retracement, horizontal overlap support) where we look to sell on weakness. We expect price to fall to its support at 8447 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback...
Buy above 0.7490. Stop loss 0.7421. Take profit at 0.7649.
Reason for the trading strategy (technically):
AUDUSD bounced nicely off its support at 0.7490 (100% Fibonacci extension, 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where we expect to see price rising to its resistance at 0.7649 (50% Fibonacci retracement, 38.2%...
DXY is testing its resistance t 92.61 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially react off and fall to its support at 90.95 (50% & 38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 91.89 (38.2% Fibonacci retracement,...
DOLLAR/FRANK
New trading suggestion:
There is possibility of temporary retracement to suggested support line (0.9440), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Total Profit: 3056 pip
Closed trade(s): 508 pip Profit
Open trade(s): 2548 pip Profit
Trade Setup:
We opened 10 BUY...
DOLLAR/FRANK
New trading suggestion:
There is possibility of temporary retracement to suggested support line (0.9520), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Total Profit: 3203 pip
Closed trade(s): 899 pip Profit
Open trade(s): 2304 pip Profit
Trade Setup:
We opened 10 BUY trade(s)...
