After 15 days of bullish run, and a DOJI candle on the daily, this pair is due for a corrective move. Expect a push up to retest the resistance level before a drop to our first support level, which is also a level where we spotted a Shaven Bottom candle. If that level breaks then we can expect a move lower as marked on the chart. Happy Trading folks! Cheers!
EurUsd looks to be continuing to ascend. So I went long @ 1.20363. Let’s see what happens. Hopefully it continues for my sake lol. What you guys think?
GBPCHF is bullish on the daily, and based on MACD pattern, an initial cross above or below zero line usually follow by a pullback. Hence this trade on a pullback to fill the Shaven Head Candle on the hourly chart. If you don't know by now, a Shaven Candlestick is basically similar to a GAP.
EURUSD - Intraday - We look to Sell at 1.2069 (stop at 1.2087) Daily signals are mildly bearish. Bearish divergence is expected to cap gains. A lower correction is expected. Preferred trade is to sell into rallies. Our profit targets will be 1.2016 and 1.1996 Resistance: 1.2070 / 1.2100 / 1.2120 Support: 1.2060 / 1.2040 / 1.2020
Ascending triangle , it shows to be a bit overbought, so I would like to get in when it drops back to support and hopefully it shows to be a support and I'll enter.
Afternoon traders. UK dinner time New York getting well under way also and our strategy has presented a trade. Working one of my preferred pairs here EURCAD on the 30M time frame. The strategy is working to a 1:2.8 risk reward ratio and as always back test data is at the foot of the idea. The data shown is based on £10000 starting capital and risking 1% per...
NZD has been the strongest currency for the past few days now and the USD has been the weakest on our fundamental calculator. so we are looking for a potential long on NZD/USD. we have seen price break a significant area of sensitivity and now we are seeing exhaustion, this will now require our entry confirmation before we place a trade on this, we will be...
Those of you who followed, in the morning you can now see how price respected our markup to the downside. Though the price is yet to hit our TP but it has provided more than +71 Pips already. Trading like the banks is the best forex strategy you will ever need to succeed in forex. SIMPLE.
The JPY continues to strengthen? No, the dollar is falling at an ever-increasing rate. As you can actually see from the chart, the JPY future is stable; it is not rising. When you operate on a money market, it is always good to seek confirmation in other instruments and therefore do an intermediate market analysis. Since the dollar is also involved in...
GOLD - As per the price action, trend lines , & technical indicators gold is expected to go up from the current price. My approach will be a buy here at current price 1768 Potential upside target 1776 - 1782 Maintain stop loss around 1758 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account...
Hi, Based on the 4H Chart, there is a downtrend line in the midst of breaking. If there is a break, the chance of GBPUSD of going is high. Regardless of the cause of effect, USD has been weakening since the report of inflation this week. Lets wait and see whether the move continues. Happy Trading!
Hi, USD seems to continue its drop based on the daily chart, as the move is still moving along the downtrend line. The further drop of the Greenbacks might be contributed by the fall of US Treasury Yield. Happy Trading!
EUR/JPY has been on our watchlist for a while now, we have been waiting for fundamentals to be strong enough that it breaks consolidation either to the upside or to the downside so we have direction. now as we can see we have a 4h bullish engulfing candle breaking consolidation, what we will wait for now is exhaustion and then entry confirmation on the 1h...