OANDA:AUDCHF
4 hour chart
I am considering a possible short opportunity for the AUD/CHF as it bounced from previous resistance of 0.6655.
I am looking at an entry around 0.6640 with a take profit of 0.6540 and a stop at 0.6675
Hello and welcome to my Trade Idea of the currency pair EUR/AUD .
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a permanent uptrend.
Weekly: Weekly is bullish.
Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur.
H4: On the h4 timeframe we draw the counter...
earlier idea
BEAR BELOW--340
BULLS ABOVE-400
now BPCL is ranging and formed symmetrical triangle
can trade or add more on breakout of long side till say above 340
if breakdown then go for short
I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to.
There may be opportunities on 15 min time frame, which I'll be tracking.
After the high sell pressure on Friday the market will range.
We expect the ranging between 1.25800 and 1.26100.
Alternative:
It bounces back until it hits 1.26500. Then it'll range between 1.26500 and 1.26100
Good luck!
The resistance at 1.26681 becomes weaker and weaker.
Maybe the market is making a new trendline? (blue lined)
It gets support of the 200 MA too!
Still we wait and we are neutral.
Will it brake 1.22681? Leave a comment!
Best wishes!
The market is moving in a big uptrend with a short consolidation.
Now it continues its uptrend and will move between the main points 1.2748 and 1.26681.
We recommend not to place your TP/SL under/over the main points.
Best of luck!
In 1 hour chart FCPO considered ranging. Here are support & resistance levels worth your attention : 1994 support level and 2116 resistance level.
DISCLAIMER: ABOVE ARE BASED ON MY OWN ANALYSIS, IT'S NOT A BUY/SELL CALL AND DOES NOT CONSIDER YOUR RISK APPETITE.
We have the 4H chart above. GBPUSD is slightly rising because of the USD weakness across the board.
The rise could be much better but is capped because of the selling pressure of the sterling, stemmed from the usual UK political reasons.
We actually had the lowest point since February recently, when it touched 1.2550.
There was a hard decline following Mays...
Oil prices have been rising since the end of December, rebounding as high as $75 (April 24) from the lows of $50.
We can see the 50 and 200-day SMAs around the same area of $69.
This area of $69-$70 can be considered as a strong support level and potential rebound point as long as there is no major news in regards to a globally slowing economy.
Neutral outlook...
Looking first to the left on this daily extending back, there isn't much left to the imagination on the left side. The real question is whether a higher low here will signal a breakout above the wedge. Whether this happens may depend on how much truth there is in the BTC parabola. It's not shown here, but if memory serves, if we range from this point for a couple...
Hey there,
some new long setup.
We have a ranging market on day and 4h-timeframe.
S/L on support level (day/4h): 1,29730
TP on resistance level: 1,31190
Pin bar formed on 4 h.
chf/usd has been in this range for sometime with the occasional breakout to the upside however price decided to go back into that range in the form of a descending channel. Waiting for a retest of the resistance zone to confirm price is still following inside that descending channel.
As you can see on the chart, there appears to be an inverse head and shoulders pattern that has formed. It has now been followed by two bars mirroring each other to the point that I would think it to be a reversal to turn into a down trend. I'm definitely gonna sit this one out, but what do you think? False inverse head and shoulders or a false two bar reversal?...
XAUUSD is at an interesting level of support on the Daily chart,
we can see that gold was previously in a uptrend whereafter
price moved lower after testing major resistance and made a
lower low
We can say that gold is no longer in a uptrend on the daily chart
and expect gold to be trading in a range between it's previous
Daily swing levels untill a new...
GBP/JPY has been ranging for one week. The bigger the ranging period the bigger the breakout is. Be careful, only trade the breakout when you have confirmation. Do not get caught by a fakeout.
