Currencytrading
NZD/JPY short Idea We are in overal downtrend on Weekly Dayli and 1H charts.As we can see price nicelly respecting our top trend line and heading back down this is how i see price movement for next days from technical side.From fundamental side all i can say that JPY is a lot stronger than NZD what making me think price may go down even more.Let me guys know what u thinking about this idea in comments down below.Any advices are welcomed.Thank you
AUD/USD (AUDUSD) - Updated Elliott wave countAUD/USD (AUDUSD) is in C wave down in ABC zigzag pattern from last major top. The B wave has ended in triangle. The 1st wave of C was diagonal structure, and 3rd wave down is now in progress. It should be going down sharply as it broken down triangle. Keep the eye on invalidation level.
GBP/USD (GBPUSD) - Updated Elliott wave countGBP/USD (GBPUSD) have completed (A)(B)(C) zigzag pattern in 4 hr time frame, Now it is correcting down in ABC zigzag in 15 min time frame, where it has completed B wave and starts moving down in C wave. It is in 2nd subwave of C, which end soon and again falling in 3rd subwave of C down. Invalidation level must hold to retain the count valid.
US Dollar Index (DXY) - Updated Elliott wave countUS Dollar Index (DXY) has completed (W)(X)(Y) in 4 hr time frame. Now it is moving up in ABC zigzag move, which is shown in 30 min time frame. It has completed A wave impulse followed by B wave zigzag movement. Now moving up in C wave. It is in 3rd subwave of C wave. Invalidation level must hold to retain count.
GBP/USD long Price nicely jumps from our support line.Our RSI making nice divergence higher lows which means price should reverse up + my old friend Aroon say we are on the way to up trend i think price will move above top trend line if im looking at fundamental side of the trade theres is still big protests in America which means economy of America will decrease from other side UK economy seems to be more stable for now. Let me know what u think about my idea in coments down below please.Any advice is welcomed.
USD/CHF longAs we can see on currency strenght USD winning against CHF thats one of the reasons to go long in this trade.Second motivation is my fibo where price holding on level 50 on 4h,1h and 15min charts so im thinking it could go UP in this case.This is just my own personal idea dont recomend to use it to anyone as im just begginer and not sure 100% about this move. Thank you for any advice would be really appriciated. Let me know what do u think about this idea in coments below
EUR/JPY long shotAs we can see on currency strenght EUR is stronger than JPY and forecast for JPY doesent seems to be very pinky in close future so in this case i would go long after reach our support level of course if its gonna happen.Please let me know what do u think in comments down below.Any advice is welcomed.
Short AUD/NZDAs some of you know, i was long this pair a few days ago, expecting it to continue with its uptrend. However it reversed at this major zone, so after taking profit on one trade and getting broken even on the 2nd, i have now taken a short position, and expect it to move lower.
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Have a good weekend
EURGBP SHORT 3 REASONS3 REASONS TO SHORT
* HEDGE FUNDS BUILDING SHORTS
* U.K. OPENING UP ECONOMY
* BORRIS JOHNSON POSSIBLE DEAL IN JUNE ON TRIP TO BRUSSELS TO MEET WITH EURO LEADERS
IM IN BUYS RIGHT NOW BUT WILL BE CLOSING SOME OF THEM SOON OR MAYBE MY STOP LOSS WILL GET HIT IN PROFIT. PLEASE LEAVE YOUR COMMENTS OR IDEAS AND LIKES. THANKS MATES. ENJOY!!!
CADJPY | Get to know our AI TradesWould you place it long just under a resistance? This trade was a signal sent today by our AI, closed in Profit this afternoon.
Symbol: CADJPYAction Price: 77.707
Direction: Long (Buy)
Take Profit: 77.9392
Entry: 2020-05-26 12:55:03
Exit: 2020-05-26 14:59:45
Time zone: UTC-0
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EURCHF LONG: A SEASONALITY- FIBONACCHI ANALYSIS Price retraced and hit the support of fib retracement 38.2% for a possible upward trend as confirmed on our chart.
Observing the window below is our seasonality indicator highlighting an exact entry in sync with our fib retracement support level.
Enter a long position with the entries given.
NZD/USD LONG POSITIONI will be looking to take a long position as i have been waiting weeks for price to drop down to my support level 1. I do not believe we will see support level 2 be breach. As of now the U.S. has printed 3 Trillion or are planning on printing more money. That should weaken the USD currency for some time. Maybe a week or so. Also U.S. states are reopening and i believe phase 2 will hit the U.S. and other countries like Europe because they are lifting lockdowns so early. The countries that stay sheltered will be the ones to come out of this pandemic the most successfully. New Zealand being one of the front runners. They have handled phase 1 so well. Let's sit back and watch and enjoy the charts. Good week mates !