Forexforecast
Cable breaking higher...GBPUSD looking very bullish and has the weekyl highs in sight. Will be looking to buy the dips!
Dollar/Yen Long Position | +27.6 pipsLong position on (EURUSD) +27 pips.
Clean and simple trade setup taken earlier today, price formed intra hour support starting at 1.19506 and second bounce at 1.19590, our 3rd bounce happened with our intra hour resistance trend-line meet up, as you can see we have two trend-lines ( Support & Resistance ) red and green blocks have been added to show this better, red (Resistance) and green (Support) our resistance trend-line started at 1.19387 and 2nd bounce at 1.19712 - we then failed to hold below this level and found a break and closure above, our closure above set at 1.19884 and then we corrected back down to re test the support trend-line and previous resistance trend-line that's now new support, we also tapped into the 61.80% fibonacci correction tool, 4+ confirmations, stops were set below the 61.80% at 3 pips and target into previous highs for +27 pips | If you have any questions on this then please comment and I'll reply as soon as I see the Q | I will appreciate a thumbs up :)
gbpaud 4hwe will enter the market when it will come on our way..........always follow your risk management
eurjpy 4heurjpy at the nice zone. but we need to wait for a breakout and retest this level. again it might be a bounce from this level
XAUUSDAs you see In daily chart we have a double bottom and Gold is facing a strong resistance.
we may expect a breakout soon however if Gold cant break this resistance we may face some corrections.
The first target would be 1775.
.
trade carefully and have stop loss for sure
NZDUSD bullish trade plan Very similar to AU, we are focused on a falling trendline that can give us confirmation of the upside. Bulls are poised to enter this trade when further confirmation can be seen.
- Hold for break and retest
- Buy LOW
- Hold if the trade is a winner
USDCAD Bullish setup - Week14If the bulls are to take this market higher they will need to push through the waiting resistance level set by the previous highs and bearish falling trend as part of a long-term channel.
- Hold for a break above resistance levels
- Enter when price action confirms
- Target 200EMA
EURUSD Bullish plan - Week14Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths.
Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for confirmation although the front run has already begun. Trade the plan:
- Wait for a break above resistance
- If broken, hold for a pullback and retest
- Enter on support with a tight stop loss
- Trade on the 4hr/1hr chart
PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
USDCHF in correction before breaking support- Divergence on the MACD
- 2 strong legs down to support
- Price in correction before more downside move
- Wait for confirmation before entry
EURCAD short valid🇪🇺🇨🇦✅Morning traders.
Bank holiday I know but I like this pair so thought heck why not.
The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short.
The trade is just shy of 1:3 risk reward trade and is well under way.
As with all my idea strategy test data can be found at the bottom of the screen.
The data shown is for year to date performance but I have traded this pair for over a year now with great data stretching back to Jan 2019.
Data is based is on £2000 starting capital risking 1% per trade has seen 27% ROI so far this year.
Having the strategy tester enables me to enter the markets with a proven trading strategy.
I don't recommend jumping on random TradingView ideas as this is no way to build a trading plan or consistency.
Lets see how this one plays out.
For any questions on the strategy in use feel free to drop me any questions.
Thanks for taking the time to read my idea.
Rich.
Take profit level one smashed Take profit level one smashed. Still running in deep profits.
You can still enter and look for the target below 1.37797
EURUSD Buy Signal Take profit level one smashed. Still rocketing. we have updated the idea. You can enter now with these targetss. See the related Idea on this pair as well
GBPUSD Trading IdeaHI Traders,
I am sharing my idea on GBPUSD on the chart.
I have shared my view on the chart & we can expect good profits on this setup.
As per my analysis I am expecting GU to bullish for a while and we can take that advantage to bank some profits.
In the chart I have shared my Stop Loss, Entry & targets.
Hope you might like it...
For any query please feel free to inbox me / message me back here in personal chat or even in comment section.
EURUSD Buy Signal EURUSD Buy Signal
Long positions are 1.67% lower than yesterday and 15.37% higher from last week
USD likely to fall upcoming two days and so next week. EURUSD is at support zone.
plunges nearly 3% off March high– bears vulnerable into support / monthly close
Support objectives eyed at 1.1695 & 1.1.1622 – risk for further losses sub-1.1845
XAUUSD Long Term Buy SignalXAUUSD Buy Signal
Targets Above from 1716 to 1900
Gold is back on the road to recovery
Gold could be in the process of forming a bullish double-bottom near the $1,677-76 region. The pattern, however, will be confirmed once the metal breakthrough a previous strong support breakpoint, now turned resistance near the $1,760-65 region. In the meantime, the $1,720 region might act as an immediate hurdle, above which a fresh bout of short-covering has the potential to lift the XAU/USD further towards the $1,742-44 supply zone
futures goldthe chart is from the previous analysis update i posted on the page.
i wil be happy to receive your comments.
proud that you are of my followers or join us in the future. be rich with God's help.......
DXY-Dollar Index correction bounce an swing to the upside biasAndrewTheSage reporting to you live. My charts are 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. DXY is correcting i feel it will bounce at the level i have shown where the arrows are going.
GBPUSD Technical AnalysisHello guys :)
In this chart we have a bearish rectangle pattern. Ichimoku also indicator verifies it. you can set your stop loss above the rectangle and get a huge profit. and then make it a risk free trade.
Risk of each trade is on your own.
Follow me for more TS.
Cheers :)
