The AUDCHF pair is trading in the upper range of a falling channel and has formed an SHS pattern as described in one of our previous analysis (idea attached below.) While the first attempt to break below the pattern failed, now we have a secon right shoulder that shows a strong selling momentum and may have enough power to break below the neckline. Join our...
CADJPY is trading inside an uptrend channel and has found support at a rising trendline, which forms a confluence support together with the falling daily trendline. There is also a horizontal support around 83.50. The Canadian dollar seems to start reversing its losses on higher oil, while the Japanese yen will likely be impacted by a (potential) Trump-Kim deal...
AUD/CHF formed an interesting SHS pattern and broke below the neckline. The right shoulder retraced at 61.8% of the previous impulse move, while the head represents the high of a price correction that retraced at 78.6% of the previous larger impulse move. The pair is trading in an overall downtrend and in the upper half of the channel, which also signals the...
Great trade taken in CommaFX Telegram channel! We entered at 1.8139 and closed our position 252 pips in profit. Even if you've missed the initial trade, you may still have the possibility to enter long, since the pair has formed a fresh higher high and is trading at the highest rate since Jan 29. Watch out for the 2019 high around 1.8495 (close it before the...
quick long scalp. expecting a breakout to the top, so you can let the trade go and adjust the sl if it breaks the line above
Very good risk/reward. Follow this trade to fill your pockets. ..
Very good risk/reward setup on gbpjpy. Comment your thoughts below! :)
Good risk/reward long trade for gbpusd. If it falls under the purple area, I think it will go into a sell trade about 50 pips minimum. Thank you! Leave comments below :)
Natural gas is giving us an interesting trade signal, comes from an upward movement and is configured a bullish pennant, which is a continuation of trend signal! Indications: Trade to the breaking of the pennant GOAL 5.701 6.340
We broke and retested a big Daily resistance level as support. We haven't closed a daily candle over this level so its to early to tell but if this price action continues I would expect us to hit the Target Area.
PAIR CURRENCY: #GBPUSD DIRECTION PREDICTED: UPTREND GBPUSD is predicted for an uptrend in the next few hours as you can see from the chart. We are predicting GBPUSD to go up after analysing all the indicators and after the Brexit news. Indicators used were the Bollinger Bands and Moving Averages. Like, Comment and Follow my profile for more ideas! Thanks