goforextrader

goforextrader

getting closer to channel support and significant fib levels. Would be entering long at 0.8755 and 0.8735 if we get there. SL just below 0.8700, TP at 0.8900-0.8950

goforextrader

Last weeks correction lower likely to continue at first part of the week. RSI levels are extremely overbought, and red candles in last couple of days confirms that correction is on the way. Would prefer to enter short term sell trade at 1.0025 levels, and would take profit at 0.9950-0.9900 with stop loss at 1.0065. This gives us at least 1.8 RR

goforextrader

Doji confirmed with powerful bearish candle, bearish RSI divergence, GBP/USD slid down, NZD/USD recovering from lows... all points to more movement downwards. If all goes well we should re-test support levels at 1.9000

goforextrader

Consolidation after long leg down made a flag, looking for the flag break out for another leg lower. Would enter trade now with SL at 112.20, with first TP at 108.00 and second somewhere in range of 106.00-105.00

goforextrader

Looking for short opportunities since Draghi had little bit dovish note in his last speech and EUR started it's slide down. AUD/USD found some support, and started recovering from recent lows. Bearish flags over the chart, and I believe another one is build one more leg down. Looking to enter short trade once lower flag line will be broken.

goforextrader

It looks like lower trend line in this downwards channel acted as a support again. Positive RSI divergence on 4H chart. I believe price should recover to 0.8818 as first target. Entry: 0.8710 TP: 0.8818 SL: 0.8670

goforextrader

Negative RSI divergence appears on 4H chart. Bearish engulfing candle has been posted on daily chart. Looking for short term day trade. Expecting to enter the trade at the test of 0.5 fib level Trade parameters: Entry: 0.9610 TP: 0.9550 SL: 0.9650 R/R ratio 1.5

goforextrader

Looking to enter long trade at 1.2270 for small gain initially. Positive divergence appears on the 4H chart. Also price break out from the small downward trend channel. I expect this to test lower trendline of the wedge at 1.3300 and maybe even run higher to 1.2500 to test higher trend line as well. Trade parameters: Entry: 1.2265 TP: 1.2330 & 1.2500 SL: 1.2235

goforextrader

4H: As we can see on the 4h chart, some positive divergence appeared on RSI which signaled about possible price trend reversal. Price have broken 0.382 fib level, however it didn't stay there for long and it is back above which indicates that pair has found some support and price is turning up. 1H: It looks like ABCD formation has been completed and price now is...