Trade Setup summary: Profit targets=659 pip (45 + 72 + 137 + 191 + 214) Stop Loss =140 pip Reward/Risk > 4.7 : 1 Current Status: Total Profit: 309 pip Closed trade(s): 117 pip Profit Open trade(s): 192 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.06300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
EURUSD is trading in channel pattern in shorter time frame also it is forming head and shoulder pattern within channel pattern . according to chart pattern , we think EURUSD may come down towards the support 1 and support 2 as a target 1 and target 2 . one can initiate the trade with proper risk management and stop loss . Note - trade with proper risk management...
After ranging the price for USD/CAD on 4h chart has been declining showing the very steep downtrend. The form of the downtrend gives us reasons to believe that the price is going to pull back.
AUDJPY is trading in a Rising Wedge pattern. Considering this pattern it may continue the same for some more time, we may see a pullback in AUDJPY, as it is trading near the resistance line for the rising wedge. We may see price pullback towards support 1, as the first target then crossing point of support 2 and support of rising wedge pattern, as the second...
USDJPY is trading in a rising wedge pattern. It has tested the rising wedge pattern resistance and reversed from it. We may see the price pullback in USDJPY towards the support of the rising wedge, if it breakout of the rising wedge on the downside, it may test support line and bounce back to get back in pattern and test the resistance 1 and resistance 2. Overall...
EURUSD is trading in descending triangle pattern. it trading at resistance level of the descending triangle so we might see it move towards Support zone level from current level . one can trade for short side with stop loss just above the resistance line of descending triangle pattern. If You Like Idea Do Follow For More Quick Update Note Trade With Proper Risk...
Looking at the chart, we can see a potential buy area between: 6.90379 / 6.85929, with a SL below: 6.85927 and a TP#1 area between 7.11314 / 7.03962 where I recommend closing 50% of your initial tradesize to give the TP#2 area "air to breave" and give you potentially more gains in the area between: 7.29197 / 7.18672 Follow if you like this ideas! check out my...
A harmonic pattern is completed. As if you know harmonics no explanation is needed...
DXY is approaching our first support at 95.67(horizontal overlap support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 95.67 (61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (89,5,3) is approaching support and we might see a...
Daily key elements to look out for, please refer to our 4 hour chart for a strategic view!
Hey Everyone, USDCHF is at the Verge, Is it going to Break above the far more superior level of 1.0100 as There will be a vacuum created and Fall for EURO will continue but as per the concern traders will be looking to sell, will continue with upcoming posts under this thread, Just let us know if you have any doubts and give a LIKE and Comment as a support, Thank...
FX:GBPJPY On the daily chart, the formation of the reversed head and shoulders is visible. Recently, the right formation arm was formed. This caused a strong sale. Today's day will be crucial for GBP/JPY . If on the daily chart we see a stoppage of sales and a candle formation is formed, the next goal should be 149.26 .
USDJPY is approaching our first support at 105.63 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). A strong bounce might occur at this level pushing price up to our major resistance at 106.64 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance...
possible abcd pattern , nice retracement on 78.6 fib
Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower...