Rayyan_2805

Rayyan_2805

After the long wait I'm back publishing my ideas on this great platform! For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators. After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the...

Rayyan_2805 Updated 

- Under 200 EMA - Under 50 EMA - Triple Top - Strong resistance - Overall down trend - Parallel Trend Channel

Rayyan_2805

Possible buy for EURUSD - Recently hit long term support trend line (long bias) - Moving within parallel trend line channel and hit support zone (long bias) - Bounced support trend line at least 3 times (validates long bias) - Also hit local horizontal support zone (long bias) - Price also moving slowly above both 200 EMA and 50 EMA (long bias) Stop loss set at...

Rayyan_2805

Possible gbpjpy sell. - Higher lows being created as well as lower lows. - Price moving within a parallel trend line channel. - Price recently hit resistance zone of parallel trend line as well as horizontal trend line. - Big buy movement has significantly slowed down. - Stop loss put in at around 80 pips with a take profit of about 200 pips.

Rayyan_2805 Updated 

Possible buy incoming for NZDUSD. Price has acted within a parallel trend line channel and has touched the resistance of this trend channel at least 3 times which means the trade can be validated. Price has also been moving around a local resistance zone which means price could be heading up. Keep an eye out for updates as I have put in a tight stop loss of around...

Rayyan_2805 Updated 

Possible drop for GBPUSD. Price has remained heavily under the 200 and 50 EMA indicating a strong short bias. Price has recently broken a trend line and has then retested which indicates that it is going back n the direction that it has broken. Keep an eye our for Updates. Stop loss of around 100 pips and Take profit of around 320 pips. FX:GBPUSD

Rayyan_2805

Price has been acting within a parallel trend line channel and has recently hit the resistance line of this. Price has also reached a strong horizontal resistance zone and has bounced off which gives a us a short term long bias. Trade has been input with a Stop Loss of 40 pips and a Take Profit of 110 pips. FX:EURUSD

Rayyan_2805 Updated 

Possible sell for GBPUSD. Price has remained under both the 200 and 50 EMA indicating a short bias. Price has recently broken out of a monthly trend line, descending triangle, and it seems to have retested the trend line within 1 day, this can indicate that there will be a strong move towards the down side. I have placed a big trade with a stop loss of around 35...

Rayyan_2805 Updated 

Possible buy position for EURUSD. This one is purely price action analysis with no indicators. Price previously broke out of my parallel trend line channel to the downside but I believe this was a false break out and price has hit the trend line support which is moving upwards. Price has also recently bounced off of a local horizontal support zone which leads to a...

Rayyan_2805

Possible drop for CADJPY. Price has remained under both 200 and 50 EMA indicating a short bias. Price has hit the resistance of the trend line channel as well as the horizontal resistance zone, both indicating a short bias. Small stop loss of about 40 pips and take profit of around 90 pips. FX:CADJPY

Rayyan_2805 Updated 

Possible buy for EURUSD. Price is moving between a parallel trend line channel and has recently reached a local support zone as well as the support trend line of the trend line channel. This indicates a long bias. I have placed a trade with a stop loss just below the trend line channel to account for any fake breakouts of around 40 pips and a take profit of around...

Rayyan_2805 Updated 

Possible short position incoming for GBPUSD. Price is currently moving within a very accurate parallel trend line channel and has recently hit the resistance zone of this channel, indicating that the price will be moving lower. The price has also been acting below both the 200 and 50 EMA further indicating a short bias. This is tied in with the fact that the price...

Rayyan_2805

Possible change in overall trend for EURUSD. This pair has been moving in a solid downtrend for a good few months now and I believe we have now started the first ascent within a big uptrend. Price is currently acting within a parallel trend line channel and has recently crossed both the 200 and 50 EMA indicating that there could be a long bias incoming. I have...

Rayyan_2805 Updated 

Possible sell for USDCHF. Price has remained below the 200 and 50 EMA indicating a short bias. This idea is an update to the previous idea I uploaded on this pair, indicating that the price has completed a successful re test to the trend line and should now head down as the dollar weakens. I have set a reasonable stop loss just over the trend line for the rare...

Rayyan_2805 Updated 

Possible drop for USDJPY. I have been following this pair closely for a few months now and it has been acting throughout a descending wedge and I have been awaiting the breakout of the wedge and it has occurred today. The price has also been moving under both the 200 EMA and 50 EMA which also adds to the short bias. I have placed a long term trade with over 200...

Rayyan_2805

Possible move for USDCHF. Price has recently made a big move to a local support line which usually results in a strong pullback for the immediate next bar. I believe this will be the pullback move to the trend line and then the price will continue to head downwards as you can see from my arrows. I will wait for conformation from the next candlestick and then enter...

Rayyan_2805

Possible long for GBPUSD. Price has remained below the 200 EMA and 50 EMA indicating a short bias overall in the long term. We can see a strong trend line resistance crossing the chart and I believe this is where the price is heading towards in the next few days or even weeks, before it makes its move back downwards and carrying on the downward trend. The price...

Rayyan_2805 Updated 

Possible short for NZDUSD. Price has remained within the boundaries of the parallel trend line channel and has recently hit the trend line channel resistance indicating that the price could be heading down. Price has also been moving below both the 200 EMA and the 50 EMA also indicating a short bias. Keep an eye out for updates. OANDA:NZDUSD