Expecting more slides to come.
But will be waiting to take a position at a higher price.
resistance zone - 0.693
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should...
EURCAD, Boxed up, Waiting for a clear break of either side, Bounced nicely of our weekly high, My bias is Long, just due to the EUR Strength we have been seeing over the last few weeks! & The overall outlook being bullish.
so when everyone were sure about a bearish move in EURUSD, i saw went long after the pullback
EURUSD is still in a uptrend in Daily timeframe (green S R lines)
and in 1H is going up
i see a regular divergence in daily and h1 that means the uptrend might be over but until the support in daily is intact, you shouldn't go short
Hey everyone
once again I'm Back with Another Analysis
in this channel, price is limited by the channel resistance and also R1 of the Pivot points
this position isn't long term so beware and look for the price reversal
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Stop Loss: 1.6930
Entry Point: 1.6888
Target Profit : 1.6790
Do not hesitate any question for clarification.
Good Luck!
Always got to be wary going LONG on the GBP in the current economic climate but from a technical standpoint GBP/AUD looks a reasonable LONG trade from these levels now supported by 2 key trend lines.
The channel shown that GBPAUD has been trading in for the last 2 weeks has finally been breached and price could now be supported by the top the channel and the...
The blue line on this GBPAUD chart at 1.8050 marks the edge of the abyss. This area has been tested 3 times previously this June but is a historical area of support and resistance. Where we go from here the markets will decide but a break south could see a large move down for GBPAUD with little support below for the next 500 pips. There's little joy for GBP BULLS...
If daily closes below the strong support zone then there may be a chance to enter a short trade to the 0.926 level.
But if price makes a reversal pattern on a lower timeframe and breaks above the upper boundary of the support level then we may see a new bullish trend appear.
RSI is also indicating it is oversold on the lower timeframes
Logic: close & re-test of 50D EMA puts AXA in intermediate uptrend following significant drop and 2 months sideways consolidation.
Entry: €17.00- €17.20
Stop: €15.50 (can consider lower if longer term outlook)
Risk: -9.88%
Target: €20.50 & ultimately €23.00 yearly pivot retest from February drop.
Gain: +19.48% & longer term target +33.72%
Note: among highest...
Price is at resistance zone.
past few days vol is still strong.
if one more up move is form, i will wait for a break of the last swing before shorting it.
Else, will wait for a strong rejection candle and enter a short trade
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice....
Logic: a close above 50D EMA a positive, suggests intermediate trend pointing higher.
Entry: €17.00
Stop: €10.85 (consider to close immediately in case of negative corona news)
Risk: -23.53%
Target: initial €24.75 gap close, mid €30's realistic longer term.
Gain: 45.59% in 76.74% in second scenario.
Note: Longer term speculative idea; Carnival significantly...
