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EUR/USD BULLISH SETUP WITH NEGATIVE ADP On EUR/USD, we have a bullish setup in the H4 timeframe. The price is currently within a range between 1.0980 and 1.0280. The expectation is for a bounce from the lower side of the range, around the 1.0980 area, where we have a trendline support, a Fibonacci retracement level (FVG), and a 50-period Exponential Moving Average (EMA) acting as support. This could trigger the beginning of a long trade with a target at 1.11. This scenario might be further influenced by today afternoon's anticipated negative data from the United States, which could lead to a depreciation of the dollar. Let me know your thoughts. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
GOLD FALL after false breakdown of RESISTANCE lineAs we expected last time, the price began to fall. Let me remind you that after a rebound from the strong support line 1684.09 in March of this year, the price increased significantly and was able to come to the resistance line of August 2020 at 1780.51. For the last two weeks, the price has been moving along this line, making breakout attempts. But these are only false breakouts. I expect that after the last of these breakouts the price will return to the decline, break the line at 1763.89 and return to strong support. So my final target is support line 1717.34. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
FOREXCOM:XAUUSDShort
by Lingrid
9
CADJPY: return to trend after breakoutContinuing to move in an uptrend, the price made false breakouts several times, and both of them in February. At the same time, one of the breakouts was quite insignificant, while the second one, last week, could lead to a breakdown of the trend. But the price returned to the channel again. It can be expected to fall towards the 84.07 level. SL - 84.98. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
7
AUDCAD works on corrections, then falls.In September, the price came to a strong resistance line, which led to a strong price collapse. After that, she worked out the correction, but was unable to return the previous positions. It fell again to a local minimum. Broke the support line. And only after that the uptrend began. The price has been growing (with pullbacks) throughout the month, and even managed to break through several support zones. However, now it has again come to the same resistance line. This line appeared in July 2020, the price had only a few touches, but each of them ended in a trend reversal. An example is the situation in September. Yesterday the price touched it at the 0.959 point and dropped. However, I expect the price to be: First, it will correct to the resistance line. Then - it will fall to the support zone. There will be enough momentum to break through the nearest support line. Target - zone 0.947. ------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
5
DXY finish growth and START FALLINGAs you can see, my last forecast came true perfectly, bringing us a good profit. Let me remind you of what I said last time. "During the sharp fall, the price broke through the line. Resistance and now we see that it has come to a strong support level. And this gives us a good signal to open a buy trade! I expect the price to bounce off the level and rise back to the resistance line. " Let me remind you that before that the price was fter a short movement along this line, she fell. Now we see that after a slight correction, the price again approaches the resistance line. I expect it to touch this line and only then will it begin to fall. The target in this case is the support line. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
TVC:DXYShort
by Lingrid
8