From 4h chart eurusd is bullish atnthe moment. There are 2 reasons for this, 1 macd is above 0. Second is eurusd current candle stick is running above the red trendline. So I plan to buy the dips between 50%-78.6% retracement area of fibo. The stop level is BELOW 100% retracement of fibo. For target profit area I belive you can manage it well.
As we witnessed eur resurrection yesterday , the pair that already broke the down trendline is EURCAD. Therefore I placed buy after the breakout with the stop BELOW 1.30400 and the target around 1.3390 area. I wish u all trade well and have good day.
Looking at dxy h4 current chart, it is really indicating usd bullishness is reversing for. It means we can start to look for buying pairs like XXXUSD and selling pairs like USZZZ. Go to the chart of the pairs you wanna trade and start to look for confirmation to buy for XXXUSD pair and confirmation to sell for pair USDZZZ. I wish u all have good trade.
From h4 chart current situation is indicating potential downside movement after impulsive rally. If we move back to 8 July the high formed that time and current high is similar and current candle is bearish engulfing candle. So my potential target is around 160 level with stop ABOVE 166.325. Potential risk : reward around 1:4. I wish u all have a good trade.
USD has been bullish for quite long time. Yesterday h4 candlestick indicates that the bullishness of usd might be over. So I look forward to buy usd counter pair and sell usd. NOTE : this doesn’t mean we jump to buy pair like eurusd, gbpusd, etc blindly. need to see confirmation from each pairs you would like to trade. It is just my updated idea from dxy current chart.
This pair already broke the minor down trendline. And still running above the minor trend line. The safest entry in my opinion we need to see price to break above upper trend line of major trendline. Then the target would be back to 1.74 to 1.76 zone. Trade well.
The 2nd possible scenario is called expanded (irregular) flat scenario. You can google what is irregular (expanded) flat. If this scenario to be valid so the top (B wave) should be between 141.184-144.120 (fibo 127.2%-161.8%) of wave A. Then the wave C whenever the market corrects after wave B would be 128.083-125.147 (fibo 127.2%-161.8%) of wave A. I wish u...
I believe many of us are wondering and keep wondering where will be the top pf usdjpy? Is thing pair ever going to reverse again? Therefore in my study and humble opinion the answer is yes. There are 2 possibilites of scenario here. This post is the 1st scenario, running flat scenario. You can google what is running flat. If this scenario to be valid so the top...
This is just opinion from my observation. Let’s see. I am not trying top stop you to buy or trade. Just beware. The big boys would not be as nice as last time. I wish you all manage your trade well. Overall trend is strong bearish.
my bias remains bearish actually. I am waiting to reenter either eurjpy breaks below the rectangle range or lower trend line of blue trendline. My previous sell position hit stop level yesterday. Trade well.
After hitting the upper trendline chanel and break above then eurjpy just consolidates the around the rectangle I draw. So I double stack my position with take profit around 136.50-137.60 area. Stop ABOVE 139.10. Trade well.
Sudden spike of gold yesterday just didn’t impress the bullish party(at least I am one of them who didn’t impress). So in my opinion this time gold has good chance to break below 1700 area again or at least test 1711 price. I prefer to put pending order to sell around the area I have defined s selling zone. My personal target profit zone is somewhere around...
After the rally from the low eurusd stucks around 50-38.2 area of fibo. And it finds barrier to go further upside after hitting SMA 50. Meanwhile the ichimoku is still showing bearish trend. So I have defined a suitable zone to sell and possible area to take profit, it is at least below 0.99. Trade well and wisely.
This is the trading plan for gbpjpy (29-Aug-2SEPT 2022) Trade well and wisely.
Both gbpjpy and eurjpy are showing the same indcation, bearish. any rally to the upper trend;ine will be great chance to sell or average your sell position if u are having one now. Hopefully u dont miss the opportunity. I wish u have a great traade all….
4H chart is showing eurjpy currently is consolidating in contracting triangle. any push to the the red trendline could lesd to the next correction. dont be surprised to see the price breaks below the blue trend line. or even baclk to the blue rectangle area. trade well and wisely.
from h2 chart there is possibility for gold to retest back to price below 1730 again before another up move. fibo 50-61.8% is the selling area. the target profit is somewhere around 172x-1730. trade well and wisely.
I prefer to get ready to buy eurgbp. I have mentioned 2 possible scenarios on the chart. The conclusion is for this pair waith for the right moment only for 1 posittion, it is BUY. Trade well and wisely…