from m30 chart it is suggesring gold is ready to test area around 1720. stop area is above 1740.50. trade well.
since it has beoken the trendline I sell it around 0.846x area. the tp zone is around -0.842x. the stop is above 0.84864. trade well.
H1 chart is indicating the potential for EurCad to test belo 1.3 again. Ichimoku is indicating besrish pressure. For this trade I would stop a bit ABOVE SMA 50. The potential take profit area is around 1.2960-1.2910. Trade well and wisely…
Wait till the price breaks below red trendline. Especially whenever with bearish engulfing candle. Stop ABOVE the horizontal line. Tp zone 1 : 134.949-135.243. Tp zone 2 : 133.398-133.526. Trade well and wisely.
The way I see audusd is bearish trend? Why? Yesterday it broke below MA 50 with huge moment, which it was bearish engulfing candle (blue circle). Second reason is macd cross downward and the current value is below 0 (yellow circle). 3rd reason is the future cloud just started into bearish. Senkou a is pointing lower and it is below senkou b (red circle). My...
EurChf has been down and extremely bearish. But what's next? I see the possibility it could rise from the downtrend once it breaks the trend line. There could be 2 possible scenarios : 1. The red path, it breaks and go further upside. 2. The blue path, it breaks the trend line then retest the trend line to go upside further. I favor 2nd scenario. So for EurChf...
I am bearish for usdjpy. Yesterday took sell usdjpy at 134.50 with the target profit somewhere BELOW 131 level. The next possible thing to do is to accumulate sell position. The moment is whenever there is great momentum to the downside. It is whenver the price could break below the blue trend line. Especially whenever it happens with bearish engulfing...
FOR GBPUSD I prefer bearish trend for this pair. if this pair rallies to the selling zone I have defined, sell with the stop ABOVE the horizontal line I have defined. If the price keeps breaking lower then sell if the price breaks below 1.2027 area (especially if the candle is bearish engulfing candle). Trade well….
H1 gold is indicating bearish trend. Risk ABOVE 1795. The target around 1756-1754 area. Future cloud is bearish. Senkou b and a are p ointing lower. Kijun is above tenkan with kijun is crossing tenkan downward. Chikou span is below the cloud. Trade well and wisely.
Overall trend is bearish for gbpjpy. Last week this pair has broken below the blue trend line. Now is running below SMA50 as well. Macd is below 0 which is indicating bearish mode on. I am bearish on GBPJPY. Trade well and wisely.
Overall trend is bearish. I have defined the sell zone which is between 133.278-134.634. Stop ABOVE 134.89. 1st tp zone is 131.734-131.934. 2nd tp zone is 130.391-130.719. Future cloud of ichimoku is still bearish. And now the candle is still below SMA 50. Overall it is bearish, sell. Trade well and wisely.
For this week, 15 to 19 Aug 2022 for oil market I still prefer to sell as the daily chart is still indicating bearish trend. Last week whenever price managed to rise above SMA 50 it failed to stay above. Future could is also still bearish. So I defined the selling zone with stop area and the possible target profit zone. Trade well and wisely.
I am going to wait for gold to breakout from the lower trend line to sell gold. H4 macd also supports the short position I am planning to take. If the break out happens with bearish engulfing this would provide momentum for gold to go downside...
From h4 eurgbp chart I see there is potential for eurgbp to go down to test 0.82-0.83 area. The risk is ABOVE 0.84708. The target profit would be somewhere around 0.82-0.83 (somewhere around the lower trendline). Trade well and wisely. 🙏🙏🙏
And the CPI just drives GBPJPY break the trend line. And potentially I see this could head below 160 level, possibly around 157-158 area. Macd is supporting the view at the moment, there is cross over to downward and the histogram is currently below 0 level. My stop would be somewhere ABOVE 164.126. Manage ur risk:reward minimum 1:1.5. Trade well and wisely. 🙏🙏🙏
We get confirmation from lower time frame. Yesterday's rally I didn't sell oil. M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo. Pay attention to the 2 tp zones I defined. Trade well and wisely.
A break out of contracting triangle indicates this eurusd will try upside target again. My stop for this long positiin would be BELOW 1.00968 (low of 27 July), the lowest of lower trendline of the contracting triangle. Manage your risk well. Min target is R:R 1:2. My personal taking profit area would be somewhere around 1.04-1.05. Trade well and wisely.
It is obvious that from d1, h8 and h4 TF oil is bearish trend. But I dont think it is wise to sell at current price. I prefer to sell the rally. The red box is selling zone while the blue box is the taking profit area. 🙏🙏🙏