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sharaafatm

EURAUD had reached a key level, where it was rejected. Now EURAUD is continuing to form a near-perfect bearish trend. At present, the pair seems to be rejecting off of a resistive trendline, presenting an opportunity for bears to go short. Be sure to wait until the market gives you a valid entry according to your strategy. Use proper risk management. Be sure to...

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USDCAD is currently on a strong supportive trendline, indicating that bullish movements may soon follow. Bulls can look to go long upon bullish confirmation, with a stop loss below the supportive trendline as an impulsive break below it could see USDCAD falling much lower. Traders should ensure that they wait for a valid entry before opening any positions. Be...

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GBPJPY has been seen a very strong bullish movement recently, and is now showing signs of exhaustion. Price appears to be rejecting a channel trendline, presenting an opportunity for bears to go short on the pair. Bears should wait for more bearish pressure to go short. Be sure to follow me for more ideas and analyses. Best of luck traders!

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EURGBP appears to have broken through a strong supportive trendline with a very powerful bearish movement, indicating that we may see price drive itself further downwards. Ideally, bears should wait for a pullback to the supportive trendline and look for bearish pressure there to go short. Ensure that you use proper risk management and first wait for a valid entry...

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AUDJPY has broken out of a consolidation zone (where it was consolidating for over a week), and now appears to be retesting the zone. Bulls can look to open a long position if and when price successfully rejects off of the zone and starts gaining bullish momentum. A break back into the the consolidation zone could mean price will be heading down, if it can break...

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AUDCHF has broken through a strong supportive trendline and retested it. Thereafter price has pushed downwards and is continuing to make new lows along a resistive trendline. Bears can look to short the pair with a good risk to reward ratio. Traders should ensure that they wait for the market to move and give a valid entry before opening any positions. Be sure to...

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AUDCAD is following along a bullish trendline, presenting an opportunity for bulls to go long once price reaches the supportive trendline again. A stop loss can be placed a few pips below the supportive trendline to minimise risk, with a first target 50% to the previous high and a second target at the previous high. Be sure to follow me for more ideas and...

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EURJPY is currently between a resistance zone and a supportive trendline. Once price reaches the trendline, traders can wait for either a rejection at the trendline to open long positions targeting the resistance zone, or a break and retest of the supportive trendline for a good risk to reward short position. My bias is bearish and I will be looking to go short on...

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CADJPY is trading within a range, presenting an opportunity for traders to make decent profits using appropriate risk management. CADJPY has been rejected at the supportive trendline of the range, and now appears to be making its way up to the resistive trendline. Traders can look to go long on the pair, with a stop loss below the supportive trendline. Be sure to...

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OIL is currently on a daily supportive trendline, presenting an opportunity to open long positions. However, it would be safest for bulls to wait for a break and retest of the key zone marked on the chart. A stop loss can be placed a few pips below the supportive trendline, with a first target at the previous high. Traders should use proper risk management and...

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Price was rejected at a support zone, pushing it back up to the resistive trendline. Price appears to be getting rejected at the resistive trendline, presenting a short opportunity for USDZAR. The first target would be the previous support zone at which price was rejected. Price appears to be showing bearish pressure, improving the odds for this trade. However, a...

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NASDAQ has broken through a key level, and appears to be forming a bearish flag on the 1H timeframe. We are now waiting for price to reach the zone marked on the chart. Once there, we will wait for bearish indicators and then look to go short if we see rejection at this zone. The zone seems like a good area to go short due to multiple technical indicators...

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GBPCHF is still trading within a channel and is now approaching the supportive trendline of the ascending channel. This may present bulls with an opportunity to go long on the pair and catch a few pips. However, bulls should be aware that price appears to be forming a potential bearish flag, meaning bears could drive price down below both the supportive trendline...

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EURUSD has broken through a strong resistance level, now turned key level. As EURUSD approaches a resistive trendline, traders can watch the pair as a retracement can be expected. Bulls can look to go long (or add to their long positions) if the retracement gives a valid entry to go long. A retracement to the key level and/or supportive trendline would present the...

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EURAUD has broken out of a daily trendline, and appears to be retesting it along with a key support level. Price currently seems to be respecting the support zone, presenting an opportunity for bears to go long. Use proper risk management when trading and be sure to open positions only when price gives a valid entry. Follow me for more ideas and analyses. Leave a...

sharaafatm Updated 

GBPCHF is trading within an ascending channel, whether this is going to form into a bearish flag is yet to be seen. However, this does present bulls with an opportunity to go long on the pair now at the supportive trendline, targeting the resistive trendline of the channel. Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts...

sharaafatm Updated 

GBPJPY is showing signs of bullish pressure to come. Price appears to be forming a possible bullish flag on a 4HR timeframe near to a strong supportive trendline. Furthermore, there is a local demand zone around the 134.000 zone, improving the odds. Traders who are looking to open a long position can place a stop loss below the supportive trendline and the local...

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GBPUSD has experienced some strong bullish movements recently, and is now at a local supply zone. This presents opportunities for traders to open positions. Based on the strong bullish movement, bulls can wait for a break and retest of the local supply zone before going long/adding to their long positions. Bears, on the other hand, can look to short the pair now...