Total Profit: 3024 pip
Closed trade(s): 252 pip Profit
Open trade(s): 2772 pip Profit
Trade Setup:
We opened 11 SELL trade(s) @ 1.7070 (day close price) based on 'Shooting Star' at 03.21.2018 signaled by our "Daily Trading Opportunity".
Closed Profit:
TP1 @ 1.6925 touched at 2018.02.27 with 145 pip Profit.
Open Profit:
Profit for one trade is...
Technical analysis:
A peak is formed in daily chart at 1.6120 on 03/07/2018, so more losses to support(s) 1.5730, 1.5570, 1.5375 and more depths is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 60.
Midterm forecast:
Although current trend is uptrend,...
Midterm forecast:
While the price is below the resistance 0.9760, beginning of downtrend is expected.
We make sure when the support at 0.9200 breaks.
If the resistance at 0.9760 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell...
AUDNZD is approaching our first resistance at 1.0627 (23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support level at 1.0516 (61.8%, 100% Fibonacci extension, Elliot wave structure). A breakout of our intermediate support at 1.0586 (horizontal...
(short term view)
EURUSD has bounced nicely from its long term ascending line after testing it and is approaching its 1st resistance at 1.2363 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance). If price breaks past this level, potential rise in price to it’s 2nd resistance at 1.2434 (61.8% Fibonacci extension , 61.8%...
GBPUSD is being squeezed in a triangle formation. When such a pattern occurs, it usually means there'll be a strong acceleration in the direction of the break out. Our 1st major level of resistance is at 1.4135 which is a 61.8% Fibonacci retracement and horizontal swing high resistance level. Our major level of support is at 1.3766 which is a long term 23.6%...
EURUSD has broken our major ascending support line and we can also see that it is below our ichimoku cloud. These are usually very bearish signs. We can also see that our long term ascending support line on RSI was broken which is also a strong precursor to a change in momentum from bullish to bearish.
We do feel that there's major support at 1.2230 which has...
We can see that USDJPY has reacted perfectly off our resistance at 107.70 which if a fibonacci retracement level and a horizontal pullback resistance. RSI is also correspondingly reacting really nicely off our descending resistance line as forecasted. Our next major level of support remains at 105.70 which is a fibonacci extension level and a major swing low...
Nikkei is testing major support at 21700 which is the 38% retracement and 61.8% extension along with a strong overlap support. Breaking this level could trigger a strong move down to 21353 ( 61.8% retracement , 100% extension, horizontal overlap support).
It's important to note that RSI has broken below our strong 50% support signalling that a potential bearish...
EURUSD has broken our long term ascending support-turned-resistance line signalling there's a strong potential for it to turn bearish. However, there's one more major support at 1.2230 that needs to be broken to trigger a potential bearish move towards our next major support at 1.2074. There's still good downside potential on Stochastic too so keep an eye out on this idea.
Hey Traders,
In our previous analysis we Bought EURUSD as a counter trade to our short analysis and it worked out well as expected for both BUY and SELL
averaging in about (+200 PIPS) of Profit!
Here we're looking at Bullish Swing after bounces of from 200D M.A
EUR Zone Index and events this week are on priority and will be covering with there...
Hey Traders,
we're back with another trade with a possibility of quick Target,
Based on Simple Technicals
AUDUSD M15 Fibonacci Old school with RSI/ROC
the most simplest trade with
SL - 0.78927 (-30 PIPS)
TP - 0.79686 (+50 PIPS)
ENTRY - 0.79244 (CMP - Current Market Price)
have any doubts? than, let us know in the comment section below
and make sure to give...
