Looking to trade the breakout up to the key resistance zone. With a weakening of the USD last week, looking for the pair to go back up after a deep pullback. Will go long if the downtrend line is broken. 200 EMA was respected last week so long bias. Could possible trade this short if the trend line is respected.
200-EMA is starting flatten. (Please plot yourself) Both 20 & 50-EMA are moving downward, downward trend is expected to be continued. Price manage to break the Resistance Zone and followed by a slight pull back which is a good signal to short Here are 2 trading plans: 1. To short now with right risk amount 2. If the price pull back near to resistance zone,...
There is a consolidation pattern near the Resistance Zone. From the price action, we can see stronger selling pressure than buying pressure. If the price managed to break the buyers' stop loss level, we expect the price will fall further lower. Here are 2 trading plans for you: 1. Wait the price to break the buyers' Stop Loss level and entry 2. If the price...
as the weekly chart is still in an uptrend things are kind of looky tricky for this pair especially before DONALD trump takes office friday im thinking a stab below to a support level or to the previous channel that was broken careful of HIGH IMPACT news RELEASE AT 430AM on the GBP we wil see how things go
Note: Congratulation for those who follow our trade last week. If you never move your SL, your trade is in good profit now. We have 2 trading plans here: 1. Watch the next Support Zone near 0.96x level. The price might have either some consolidation or pullback. Wait for right bearish signal to short. 2. If the price pullback again to the 20-EMA, wait for...
Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance...
Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st...
Note: Overall, we are bullish on GBP/CHF pair. There is strong pin-bar appeared above the support zone, a good signal that it might go bullish. There are 2 trading plans for this pair: 1. Wait for another bullish signal to long. Or wait for 2nd bullish signal to long it. 2. If the price breaks the support zone. Wait for pullback to the support zone and short!
Note: Overall, we are bullish on CAD/JPY. There are 2 trading plans for this pair: 1. It is a Swing Setup, price pullback nicely to the support zone and 20-EMA. We see bullish signal bounce back from 20-EMA and Support Zone. A good signal to long now. Alternatively, can wait for pullback again and another bullish signal for confirmation to long. 2. If a 2B...
Note: AUD/USD followed our bearish prediction previously. We remain bearish outlook on this pair. There are 2 trading plans for AUD/USD: 1. Wait for the price pullback to 20-EMA and Resistance Zone. Wait for bearish signal to short with right risk amount. 2. If the price breaks the immediate support line. We need to wait the price pullback to the...
Note: Potential Trading in the Range In H4 chart, it is quite bearish recently and GBP/NZD move up and touched the 20-EMA. We see a possibility that the price might drop further to the support zone. If this scenario happen, we will wait another bullish signal around support zone to call for a BUY :) Caution: BOE's official bank rate on Thursday which might...
I have a straight question to you, and would love to hear your answer in comment section. What is technical analysis? Can you define it? Most people think that I am technical trader, but I am not. I have nothing to do with technicals as I don't use them, so what is the definition? I will write what I think about it, and it is only my subjective opinion. You can...
BUY EURCAD IN THE BLUE BOX 78% RETRACEMENT
No shorts until break of ascending trendline. Upside targets - 70 or above
Many different confluences to short to the next monthly FIB zone below for the retest of the current daily/ weekly/ monthly uptrend.
A simple look into the next moves that could be coming for the AUDUSD pair. The holidays are keeping the fundamental aspects away so I dont expect to see much movement until after the New Year Celebrations. Then we could be looking at a downwards move towards .72000 and perhaps even further towards .7100.