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Forex-analysis

GBP/USD BUY (RETEST OF 1.22500)My BIAS for GBP/USD for the upcoming week is BUY. My reasons behind this are 1. Price has just broken above our Daily Resistance. 2.Price has retested our Daily Resistance and bounced straight back up sitting currently just above the previous high made on the 4HR TF. What I will be looking for before entering this trade. - A retest of previous highs at 1.22500 - A strong Bullish Rejection Candlestick - Price to not fall below recent lows at 1.22000. I will be looking to enter my trade around 1.22500 Taking profits at 1.23800 (130 pips) Stops set at 1.22200(30 pips) Please Like & Follow for future analysis and updates.
Long
by RhysFX
CADCHF: Analysis and Plan for the week ahead (15 JULY 2019)Looking at the CADCHF pair, price has been following the trend line (going upwards at 4H chart). Looking at the 1H chart, the price has been staying at the SUPPORT. The price has been having some difficulties to break the SUPPORT level. Therefore there is a probability that the price will be going bullish. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Long
by FUADALHAKIM
2
SHORT AUDCAD: Analysis and Plan for the week ahead (26JUNE2019)I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends. We are looking at the AUDCAD pair. Currently this pair is in down ward trend. The price is currently hitting the monthly high key level. I have plotted the trend line accordingly from Lower Highs to Lower Lows. From what it looks like it will be going upwards for a bit to hit the weekly high key line and then chances that it will continue to go downwards. Next Move: Wait for the price to hit the weekly high and bounce down wards. Once you see the price action going down wards, confirm and then take a SELL. From experience, it might go down to the weekly low and create a double bottom.
Short
by FUADALHAKIM
EURUSD: Analysis and Plan for the week ahead (2JUNE2019)What we are looking right now below is the 4H chart. Reason for me to show this is because I feel that the pair is currently respecting the trend line. If the pair continues to respect the trend line, the pair will not go above the trend line (diagonal red line). Next Move: Will be observing for the next candle stick. If the next candle stick goes bearish, I will take a SELL on this. My plan for this pair is to go for SELL. Otherwise, I will not take any actions yet until it is much clearer. (If the candlestick goes to touch the trend line. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
by FUADALHAKIM
Prepare for going long on GBP/USD by ThinkingAntsOk1H CHART EXPLANATION: As we can observe, price is making a double bottom at the Support Zone. If the upside movement is confirmed, price has potential to reach the Resistance Zone. We will wait for a price action confirmation like a breakout of the structure and a bullish candlestick pattern to take any position. 4H CHART: *Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
Long
by ThinkingAntsOk
"Trade Idea" on GBP/USD by ThinkingAnts1H CHART EXPLANATION: Here are both short and long scenarios that we explained on the 4H chart. Of course this forecast is not perfect but it is the idea, in the case of the long trade we will wait to the Descending Channel to be broken, and then a correction to take long positions. And the short trade, we will wait to the Support Zone to be broken and then a consolidation below, it can be a corrective pattern such as a flag/triangle/pennant to place short trades. 4H CHART:
by ThinkingAntsOk