As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.6.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=110.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The XAUUSD rise continues. My previous analysis was based on the fractal rule that if the exchange rate was around 50% D1ATR North, assumes a strong upward trend. Let us turn to the current analysis. Let's start with the yellow rectangles. The wave sequences shown in...
AUDUSD looking to retrace to the 1 day downward trend. We are looking to follow the higher lows on the 4 hour chart. Another scalping call with a 1:1 risk to reward ration risking only 5% of the account. Risk management is key so stick to your trading plan! Welcome to your thoughts and opinions.
GBPUSD looking to move bullish. The RSI indicator is sitting around 25.0 which is a common indicator that we are in a bullish market. This is also reinforced by the Stochastic indicator which is showing us that the market has been over sold. Finally, we have seen a bearish market throughout today which broke a significant support level, therefore expecting a...
. There is a possibility of temporary retracement to suggested support line (79.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XMRUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.