We've gone long for an overnight position on EURAUD.
We believe that the 30% fib retracement can hold out, but if it doesnt, our risk is only 20 pips. Remember, that successful trading is making money over time and not having a beautiful 90%+ win ration.
The trade parameters meet our entry triggers, which is the support of the fib, RSI being low and some form...
Price is at an area of resistance at 0.69656.
Price has been bouncing off the support rend line. Due to the recent rejection of the support trend line, I believe the price could break through the resistance level (0.69656) and reach 0.70388. Before taking a long position, I will ait for clear confirmation of a breakthrough of the resistance level.
EURJPY has touched its support zone (123.15) once again.
Previously, the price has reached support and rejected, turning bullish and reaching its resistance zone again.
After reentering its support zone, I believe the price could reject this region and turn bullish heading back to resistance.
Before taking this long trade, I will look for clear confirmation of...
CHFJPY has returned to a level of support at 113.97. In this area, we have seen previous strong bullish momentum to the upside.
Following confirmation of rejection at this support level, I will enter a long trade; being cautious if the price reaches the 200 day EMA on the 4H as often the price can struggle to break the 200 day EMA.
A nice trade from today taken on EUR/NZD.
Recently price has retested the downtrend line on two occasions, rejecting both times.
I took my short at the 1.7193 level after confirmation of rejection at the trend line.
I am still in this trade, I plan to come out before the European close. However, if you are a swing trader, I believe the price could reach support...
Price has reached a level of resistance.
I believe if we see rejection at this level, the price could turn bearish and reach support at 1.7569.
Before taking this short I will look for clear rejection at the resistance level.
There is some EURO news being released tomorrow at 10:00 am GMT and US news at 13:00pm GMT so this trade, if taken, will be managed...
Price has entered an area of resistance.
Before I take this short I will look for clear rejection at this level confirmed by closed 4H bearish candles.
Price could reverse down to the 0.72217 level which is an are of previous resistance.
I'm not in this position or am I placing an order for this position. I want to see how this plays out however.
This level is a support now resistance level looking left, we are currently in a downtrend since the 21st of October, we've broken past the 100 ema