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Currencytrading

GBP/JPY long Trade explained With the UK leading the way in the vaccine rollout and optimism in the re opening of the country we have seen continuous strength in the GBP for a number of weeks now. on the other hand we have seen the opposite with the JPY, it has seen continuous weakness due to its debt situation. so we was looking for an opportunity to capitalise on this and we did last night with another opportunity this morning at the London open. we saw price break above its weekly area of resistance which is now support, creating higher highs and then on the 1h timeframe we saw our entry with exhaustion to this zone and multiple pin bars
Long
by Trade_Rocket_Investments
1
Bitcoin trading idea Bitcoin saw a bit of a sell off or exhaustion this week but it looks like it is recovering pretty nicely, making higher highs on the 1h timeframe. we said in our previous post about bitcoin that it was not a collapse in the currency but a correction or exhaustion after a very bullish move that it had weeks before. now we have an opportunity where price has created a push past our 1h area of resistance which will now be support so we are looking for exhaustion back to this zone then an entry to previous high where there are two options to either close the trade or let it run with a trailing stop
BITFINEX:BTCUSDLong
by Trade_Rocket_Investments
1
GBPUSD - End of pushbackI bought GBPUSD yesterday night (6 hours ago) and will share what I see to decide this decision. First of all, GBPUSD is undergoing a nice bullish trend, a strong one with respect to dynamic value area in D1. I noticed GBPUSD directed to this dynamic value (moving average) and prepare myself to check the signs of rebound from it. I expect this rebound, because I analyze the behavior of this GBPUSD. It is often to test resistance more than one when facing it. Coz GBPUSD just tested it one, the repetition test likely happen in near time frame. Indeed, what I expect happen and my forecast, GBPUSD will potentially go again to 1.42440 to test this major resistance again. If it failed, then, market will go down again (sideways in D1). And before that happen, I will close my buying positions. Remember, a chart is telling you and I about how the Institutions place their order, and how they move the market. By looking for their money print in your chart, you can ride the market with them and get money. Happy trading
GLong
by Jee_D
1
GBP/CHF LONG trade This is our GBP/CHF trade that our members and ourselves placed at the London market open today, the GBP was a +3.9 and the CHF was a -5.1 so fundamentals was strong to the upside, what we saw was an uptrend off of our daily zone and double confirmation on the 15m timeframe at previous area of resistance which is now support, because we have all of our zones in place we know that we have free range from any major areas of sell pressure until our weekly zone, so our final target is there. after only 2 hours in the trade we saw an injection of buy pressure and was able to close out half of our trade at take profit 1 and move our stop loss to entry.
Long
by Trade_Rocket_Investments
1
AUD/USD Weekly Inverse Head and ShouldersHere we have a High time frame analysis on the AUD/USD pair . On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs and if 2020 is anything to go by then its definitely possible . Despite that it will be interesting to see as the months go by how this will play out in the long term . Support me with a Simple Like and a follow ...Thankyou
Short
by SJTRADESFUTURES
2
AUD/USD headed to the down side AndrewTheSage reporting to you live. My charts are messy and colorful. I am not a financial advisor I use arrows and different types of fib levels to show what's going on.. I will not put up an essay. I feel if you can read a chart you can understand what's going on with price by showing you a visual effect. The Dollar is going up....notice as the dollar goes up notice the negative correlation it has on AUD/USD it's going down mirroring the opposite.
Short
by andrewthesage
GBP/AUD ARE WE DONE WITH THE "M" RETRACEMENT ?We have a daily downtrend and we are approaching a strong level of resistance. I believe that the price will bounce from the trendline to complete his way downward. Also from a monthly timeframe we just completed a W formation pattern and the price is almost at the 50% FIB retracement, from that price we expect a strong rejection because it perfectly aligns with a strong resistance by the trendline. This is a 1/4.60 RR setup for the long term. If you enjoyed this analysis smash that like button and share. If you have a different opinion I would love to hear about it in the comment area below. Trade safe !! OANDA:GBPAUD
Short
by TheDayzen
3