LONG OPPORTUNITY IN GBP/AUDCONFLUENCE OF WEEKLY HORIZONTAL AND TRENDLINE BASE SUPPORT.
SIMPLE PRICE ACTION.
REJECTIONS FROM H4 SUPPORT SIGNALLING BULL RECLAIMING~
Forexforecast
EURCHF ENDS 100 PIP RANGE?!EUR/CHF has been in a 100 pips range since July 2020. Is it now coming to an end? I can see an ascending triangle forming indicating stronger buying pressure. It's possible we could see price return to the 1.10500 area.
Id like to hear other peoples thoughts on this.
GOLD -XAUUSD BIG MOVE COMING UP!!!! (My thoughts and analysis)As we wait for the retest of the previous broken structure at 1906.92, the market is reaching the high at 1965.47, then retesting the broken level (1906.92), and the big move to the upside will most likely happen. Am looking on getting in on the retest trade on the daily after resistance has been formed and afterwards join in on the move to the upside to the high (green line) at 2075.92 which may be the next resistance gold may face in 2021.
AUD/USD chart analysis for the week. (my thoughts)Well, was patiently waiting for the market to break out of the wedge on the 4 hour chart and finally did at 0.76202, now we have a retest of major support at 0.76450 which indicates a strong buy signal. According to my plan, there are some confirmatory signals as well to back up this analysis such as, the market being above the 200 day period moving average on the daily chart indicating a long term uptrend, and also the retest that happened on the 4 hour chart that i have just talked about. have already entered this trade. Please let me know about your thoughts on this pair
#GBPCADAs the year is beginning, we noticed that a new session of trade is taking place, we expect the pound pair to continue its trend downtrend, it gave a channel up pattern which is a great sign to for a downtrend continuation, we expect it to continue down till it the last lows is been cleared
LONG OPPORTUNITY IN GBP/NZDREASONS-
1)FALSE DOWNSIDE BREAKOUT
2)DOJI CLOSE
3)INVERTED HAMMER CLOSE AT SUPPORT ON WEEKLY.
4) LIKELY TO A PROFIT BOOKING LEVEL FOR THE POSITIONAL BEARS.
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^_^
SHORT SELL OPPORTUNITY IN NZD/CADFalse upside breakout above the resistance.
Simple price action this time ^_^
Kindly trade at your own risk.
Good Luck
What a clean trade This pair broke beautifully out of this setup
Next candle retested and succeeded, giving safer entry point
Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops
Then they accelerate upwards again!
Looking for more clean setups right now...
If you are in this trade, my take profits would be the levels highlighted by the darker blue dashed lines
EURUSD 240AFTER BREAK OUT THE UPPER TREND LINE. MARKET GONE FOR TEST THIS TREND LINE AND NOW MARKET BOUNCE FROM THIS AREA. TAKE A SHORT POSITION WITH YOUR RISK MANAGEMENT AND ENJOY THE BLUE PIPS.
USDCAD is making a Pullback,Recovery back to 1.3000 is visible and confirmation of pullback for downside move further.
US IndexAs I told before, the number of US index is falling very strong and in some weeks later I believe that it will touch the support zone, which created by the last HL in 2018 and changing zone in 2010.
Because of Corona virus and economical issue I believe that if price can not break the support, it will do a time retracement.
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GBPUSD FOR short GBPUSD its for short or sell and as i said everyday when you are 50% of gain take 50% of the deal and let the rest to run
have nice day
cheer
CADJPY short valid.Morning traders
I have woken this morning to a short position valid on CADJPY .
Working the H1 chart here I simply take the trade set the stop loss and follow this trade now until next signal.
This has proven to be the most profitable way on bigger time frames using this script.
For more information on the script used please drop me a message.
EURUSD SHORTEURUSD SHORT
STOP LOSS : 1.21901
TAKE PROFIT : 1.21243
AND AS I SAID ALWAYS WHEN YOU ARE 50% OF PROFIT TAKE HALF AND USE TRAILING STOP OF 34 PIPS ITS 340 IT MT4
GBPUSD SHORT GBPUSD SHORT AND DONT FORGET WHEN YOU ARE 50% ON PROFIT CLOSE HALF AND MOVE STOP TO BREAK EVEN
HAVE NICE DAY
possible short position on CADJPYCADJPY
We can get a short position after it retested the mentioned zone, relying on the below information :
* it touched the channel for the fourth time, marked in yellow, and possibly to broke it.
* candlesticks broken both Tenkensen and Kijunsen.
* The Span A & B crosses and formed the red cloud.
We're Long on EURUSD ;)FX:EURUSD
According to the Flag chart pattern formed in the 4H timeframe, we can get long relying on the below confirmations:
* The broken flag pattern rested and ready to continue.
* Candlesticks, Kijunsen, Tenkensen, and Chikospan are above the Kumo cloud.
* the Tnekensen crosses the Kijunsen.
Note: strong resistances are 1.22157 and 1.22559.
