Analysis Week - 20 May 2024
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Below
50 x 200 D SMA - Above
2024 Target
20 Apr 2024 <6M> - 1.27-1.28
External Forecast
GS
8 May 24 <3M> - 1.24
8 May 24 <6M> - 1.24
8 May 24 <12M> - 1.28
____________________________________________________________________________
Comments
No trade commendations at the moment, while waiting patiently for a 3 wave completion.
Alternatively, price may retrace from the current levels and look for a better buying price around 1.26. Keeping my trade alternative open for multiple scenarios.
Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Below
50 x 200 D SMA - Above
2024 Target
20 Apr 2024 <6M> - 1.27-1.28
External Forecast
GS
8 May 24 <3M> - 1.24
8 May 24 <6M> - 1.24
8 May 24 <12M> - 1.28
____________________________________________________________________________
Comments
No trade commendations at the moment, while waiting patiently for a 3 wave completion.
Alternatively, price may retrace from the current levels and look for a better buying price around 1.26. Keeping my trade alternative open for multiple scenarios.
Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Note
Analysis Week - 27 May 2024Daily - Range / Bullish
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Note
Price clipped the 3 Wave Area @ 1.2780Will be neutral for the time being to look for long trade opportunities upon a pullback
Alternatively, this is an aggressive Counter-Trend Trade Idea (Half Risk Trade)
Sell: 1.2805-1.2825
SL: 1.2835-1.2860
TP: 1.2600-1.2700
R:R 1:1-3
Note
Price did not tag the Counter-Trend Trade Idea.Order cancelled
Will Publish Fresh Ideas Over The Coming Weekend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.