The United States dollar is a Federal Reserve Note and is the official currency of the United States and its overseas territories. Many countries use it as their de facto currency, while others use it as their official currency. The US dollar is the world’s most dominate reserve currency and is used in most international transactions. It is flat money which means that its value is derived from government regulation or law.
S&P 500 index, This is the stock market index and is made up of the 500 largest US publicly traded companies, now if you take the time to look at these companies individual stock charts like i have ( yes i have no life ) you will notice that recently some of them are in a downtrend, had a big fall or some are at or nearing all time highs so we could see some...
You can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside.
Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.721.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7265.
TP4: R2=0.7295.
Set the stoploss of these orders at breakout of S2=0.719.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is...
PURPLE ARROWS - resistance
ORANGE ARROWS - support
As you can see price has been used for support and resistance on both timeframes on a regular basis, Now price is almost at this level so we will be looking for a BREAK or BOUNCE of this important level... if price BREAKS and closes above this level we will BUY, if price BOUNCES and closes below this level we...
Im still sticking with the same bias which is 1.20000 target by March.
BUY EUR/USD 1.13066
STOP LOSS - 1.12683
TAKE PROFIT 1 - 1.16250
TAKE PROFIT 2 - 1.20000
FOLLOW UP AND LEAVE A LIKE FOR MORE POSTS!
'Here you can see my LONG position at AUD/USD. We Hit at the 4h chart a big BUY Zone. Of course we could correct till the bottom of this zone.
EMA & MA is far away. Could correct to this averages.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7205.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7265.
TP4: R2=0.7295.
Set the stoploss of these orders at breakout of S2=0.7185.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Looking to Buy GBPUSD from buy zone, we can see there is divergence forming on the 1h chart. Wait for a reversal candle for confirmation. Target is 1.30200 area (100-140pips).
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.67.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.675.
TP4: R2=0.6785.
Set the stoploss of these orders at breakout of S2=0.6685.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As you can see from our arrows on the 4h chart that price has touched 1.28802 a number of 17 times just in this chart, this is classed as strong resistance and not to be ignored.
The current 4h candle that is forming is hovering around this resistance level at the moment and has already touched this level and retraced a little, this gives us an indication that it...
Looking to Buy GBPUSD from the Buy range (1.28000-1.28150) , Target is near the 1.29000 level (+-100pips).
Only enter this trade if you see a reversal pattern or bullish price action on the 1H chart.
We can see indecision candles forming on the daily , this can result in price consolidating between these two levels.
Looking to short GBPUSD from the sell zone (1.29000), we can see there is a 4h R1 pivot and a 15min daily R1 pivot in this zone. My target is to 1.28400 this is close the gap also.
Only enter if you see a reversal pattern in the sell zone!
Do not enter this trade if the pair closes the gap before price hits the sell zone.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1305.
TP4: S2=1.127.
Set the stoploss of these orders at breakout of R2=1.139.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse
targets are...
TP 1 - 9.27954
TP 2 - 9.21655
TP 3 - 9.13943
SL - 9.34018
have a great day guys, please use correct risk management
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