A bearish Bat completed but price spiked a bit above the reversal zone. I have a pending sell order at 1.7425 with stop loss at 1.7455 (30 Pips) and targeting 1.7335 (60 Pips). I will delete this order if price rallies above 1.7465 before the short trigger.
A bearish butterfly pattern has completed on Eurgbp. This is a 1:3 or more trade opportunity. I have my pending short order at 0.9055, target at 0.9010 (45 Pips) and SL at 0.9070 (15 Pips). Price is likely going to move lower if it goes as expected. I will cancel this order if price gets higher than 0.9070 before trigger.
I did some technical analysis before I was thinking about a short but then I decided to go long because it had decent support there for an extra 30 pips. Now I am looking for 100+ pips on this trade alone.
nzdusd is about to go long. It broke the resistance, has retested and will start to rise. i believe price will make it to atleast the previous high before retracing again.
I believe we will be hitting a major resistance point before a massive shortage on the daily. I will be placing a sell short limit right there @ 0.73899 SL: @ 0.74134 TP: @ 0.71921
I see that AUDUSD has had a heavy rejection from that resistance point channel and I want to see it go down back to that main support before moving any further down. SL @ 0.73504 TP 1 @ 0.72187
USD JPY analysis from September 10, 2017 to current date is carried out on a 4 hour time frame. Analysis and commentary is provided below based on the numbers indicated on the chart.
(1) The main trendline (in color red) of the USDJPY starting from January 26, 2016 (not shown here). The only pivot for price that meets with the bearish trendline shown here is...
We have a possible scenario that USDCAD will be going up from that support line @ 1.29891 and we will have a nice bounce of 50 pips+ of profits. I will for sure keep this one updated.
Previous analysis calling for a short (sell) trade entry for Cardano can be found in the link provided below. Cardano (ADABTC) and its current bearish trend is explored in this analysis on the 4 hr time frame using one of the best tools for market analysis…trendline.
Numbers marked on the chart are discussed in the commentary below:
(1) Bearish trendline on the...
Jens Wieldman (President of the German Federal Bank) stated earlier today that the European Central Bank (ECB) is on course for tighter monetary policy, which triggered the recent gains in Euro Dollar (EURUSD) and other EUR currency pairs and crosses.
As the United States and China are due to begin negotiating tomorrow over the current trade dispute USD weakened...
SELL
Currency Pair: USD CAD Trend Predicted: UP Trend, SHORT. All major indicators are showing a Strong UPtrend of USD CAD. USD Dollar is showing strong after technical and fundamental analysis. Multiple indicators have been used to test the strategy. More updates will be available shortly.
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart...
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart...
NZDJPY is approaching its support at 72.68 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 74.95 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.53% where a corresponding bounce could occur.
Hi my friends,
This is our new pound trade,hope be successful at the end.
First of all this trade must start after first reversal in RSI Daily and when RSI can break line i draw in 4H.See charts bellow:
If it can't achieve,we will drop from channel to test yellow box bellow ,as support.See chart bellow:
I will update this idea and notify new signals.Do not...
