Sell below 1.1991. Stop loss 1.2066. Take profit at 1.1829.
Reason for the trading strategy (technically):
EURUSD reversed nicely off its resistance at 1.1991 (23.6% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where we look to sell on strength. We expect prices to fall to its support at 1.1829...
New trading suggestion:
Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the price is below the resistance 133.50, beginning of downtrend is expected.
We make sure when the support at 128.95 breaks.
If the resistance...
New trading suggestion:
Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the price is below the resistance 133.50, beginning of downtrend is expected.
We make sure when the support at 128.95 breaks.
If the resistance...
Hi Everyone,
Currently we're looking at EURCAD and we're buying it now as it could render some beautiful pips easily,
here are the preferences,
BUY NOW
SL - 1.49866
TP - 1.59979
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...
