GBPAUDWatching for short around 50-61.8 fib resistance
I have entered this trade already and for those who wish to follow more I have a telegram where I post daily content
Telegram: t.me
Forexsetup
#USDTRY D1 #BUY #LONGRisk Disclaimer: This post is not a trade signal.
Trading Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary.
POTENTIONAL BEARISH SHARK PATTERN USD/JPY ON 1H CHARTHello traders,as we look USD/JPY on 1H chart(attached below the daily analysis on USD/JPY) we can see a possible bearish shark pattern as we go reach the red zone of resistance.
We may have a better entry for better P/L ratio trade if price makes a spike with a false breakout above the trend line into the red zone where we have the D completion point.
TECHNICALLY
We can see the downtrnd 200EMA which encourages us to take the short trade.
Currently price is trying to go above the descending trend line.
Maybe it does but for a while as we have already RSI divergence and Stochastic at oversold levels.
POSSIBLE TRADE
FIRST TARGET T1 WITH 1,40 P/L RATIO AT 111,215
SECOND TARGET T2 WITH 2,10 P/L RATIO AT 110,955
BUY STOP AT 112,150
THANKS FOR SUPPORT!
HAPPY TRADING!
USDCHF Sell Set upHi traders,
I'm having short perspective on this pairing. It is showing a lower high and lower low structure (short term), therefore short on this pairing would be my preference.
SL : 1.0110
TP : 0.9860
If it is broken upward the trend line, then I will look for opportunity to long.
Thanks and have a good day.
**Trade with risk**
