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...
Markets have been slow today because of "Washington's Birthday" that's why we didn't experience any significant moves in the market. My views are the same on GBP/JPY still in a long position. I want it to bounce off trend line and continue it's uptrend/
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. 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.
GBP/AUD had had a pull back and been in consolidation for a while and now I can see GBP/AUD continuing on an uptrend from technical analysis I want to see it get around 1.95500 before it’s next pull back ready for another long position 🤑🤑
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GOLD is around a key level of resistance (1612) looking for price to have a nice bounce of the key resistance level at drop to 1593 which i would like to turn for a support level for GOLD 😎😎
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LTCUSD long entry is pending. I assume a corrective downward movement in the exchange rate. You can see that the LTCUSD chart is fractal copying. The pale, thin blue rectangles indicate the vertical shift of the wave sequences. My assumption is that the rise will continue. Currently, I am expecting an adjustment up to 61.943usd. The target price at the end of the...
The exchange deals with the construction of the second part of a double fractal structure. If my current analysis is correct, the exchange rate may start to rise from the US $ 5.5536 correction level. The target price for this increase can be 6.70798 usd.
welcome to another signal!
Important: Wait for the Breakout and retracement to the resistance of the range!
Target 1: 1.49181
Target 2: 1.148559
Peace and good trades
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I want gold to create a double top before dropping therefore have place a sell limit at 1584.20 where I can see price touching briefly before dropping to a support level around 1567.50. I have given the trade breathing space by giving it a generous stop loss as Gold tends to be volatile at key levels or resistance and support
As predicted Gold did bounced off the resistance line at 1584.80 Currently sitting in around 40 pips profit. I want it now to continue dropping to around 1567 before its first major pull back before dropping even further to around 1550 🤑🤑. The RSI on the 4 hour chart is also in favour of gold dropping as it is currently overbought.