We can take a long buy trade from recent levels : 5.5730 - 5.6200 TP1 : 5.7700 TP2 : 5.9630 TP3 : 6.1830 Stop Loss : 5.4000 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition....
THIS USDTRY SETUP IS AN OVERLAPPING TREND LINE AND 200 EMA TRADE. SINCE TRY ,HAS A INCREASED VOLATILITY ESPECIALLY WHEN POLITICAL UNCERTAINTY RISES , IS AN ADVANCE CURRENCY TO PLAY WITH. SO, I AM GOING HERE WITH ZONE ESPECIALLY FOR THE ENTRY AND THE STOP. YOU CAN PICK YOUR EXACT ENTRY REGARDING TO YOUR RISK LEVEL. I AM A HUGE BELIEVER THAT THIS PAIR CAN GO ONLY...
Spotted a potential long setup for ICX BTC pair, based on volume, higher timeframe RSI TL breakouts. Could take months to fill the orders. Looking for a stop run on the two most recent swing lows for an entry. Similar to what happened last December->Feb Can ladder orders within the green box. When they get filled, stop losses go below the green box, or...
Last week we saw the pound hover around during Monday and Tuesday as investors were waiting for the parliamentary vote to pass. Having a negative outcome lead to the pound taking a tumble (I know I'm stating the obvious) I am expecting a continued moved down this week breaking through a strong TL (Trendline) which can be seen via the orange line. Coming towards...
Ascending triangle is seen with the assistance of the TL. The price has stalled at the current Resistance zone create a triple top. I would like to see the TL broken before placing a short position trade with stops just above this TL.
Trend line bounce, would like to see a move to the upside. Simple and clean.
4H chat shows us two key levels of resistance. I am expecting a bounce off either S1 or S2 (as shown on the chart) to re-test the TL in this descending triangle. Confirmation of this trade to enter long would be a bounce either S1 or S2.
Triangle pattern has formed, following the previous downward move, I would expect this triangle to continue a breakout to the downside.
After the previous analysis, we can see how GBPJPY entered the consolidation area before the continued drop. I am looking for further downside with my current short positions.
Basic price action, broke key Resistance line on the upwards scale. GBP is technically over bought and should fundamentally be worth 0 with all the brexit shenanigans. Looking for a semi drop before a consolidation period followed by a larger progressive fall.
TRY TURKISH LIRA UPDATE - 4,94 ON 28 DECEMBER
TURKISH LIRA TRY (TL) CONTINUES TO RISE AGAINST USD DOLLARS
Short with weekly Close below 21 ema and Weekly RSI close below black level -- Just a theoretical idea. I am not going to take this.