We have a clean simple trade setup on long British Pound versus Australian dollar with an ascending trendline holding after multiple taps since the start of July following a Bullish Engulfing line on the daily at end of month.
Additionally we have an ascending support on RSI and a crossover on Stochastics pointing to the support line once again...
NZDUSD dropping after testing long term trend line, looking to retest daily trend line - if it breaks out at trend line convergence (0.65736) we are expecting a bullish rally back up to resistance (0.66815) for retest - potential for +107 pip capture
Although we have a short term bullish position in this pair, we also have a longer-term bullish play.
Our targets are shown and statistically positioned using our own risk management model. sometimes we change them slightly to adapt to market conditions.
Hello Dear traders!
Just a quick heads up before we can together comfortably sit and watch Xrp blast.
Based on the weekly trendline and current XrpBtc trend I´m 99% sure we gonna hit the crucial support located in the 6250-6150 area. As you can all see from the plan designed by me we are about to see something...
FX:CADJPY LOOKS ON SET ON FORMING A HEAD & SHOULDER PATTERN. AS WE CAN SEE IT APPROACHING TO IT'S RIGHT HAND SIDE SHOULDER ASWELL AS APPROACHING 61.8 FIBS LEVEL. IF WE CAN GET A BULLISH CANDLE STICK CLOSURE ON THE 61.8 LEVEL WILL BE LOOKING AT A 150 TP/50 SL (1:3, HEALTHY RISK:REWARD)