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
Forextradingzones
EUR/GBP: Bomberman! 💣💣💣The Euro had a tough time against the British Pound pretty much since the second half of 2020. Now that the course has entered the yellow target box (0.86035 GBP - 0.84199 GBP), we expect a massive turnaround that will let the Euro valuate against the Pound. As it is indicated in the chart, we have already entered this market on the long side and expect the price to rise above 0.92916 GBP.
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GBPJPY long valid 🇬🇧🇯🇵☑️Afternoon traders.
It's been to long between ideas my apologies for this.
Here we have a valid long trade on GBPJPY.
After last weeks successful 100 pip sell trade our strategy now says it's time for a buy.
Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated.
I simply set the strategy parameters up and use the built strategy tester to back test the viability of how I have set up the pair.
Once I can establish I have a known proven EDGE I simply enter the markets in full confidence and let trades play out.
It's as simple a that. No excessive hours analysing charts, no mental burn out from constant decision making for trades.
As with all my ideas the back tested results are always provided at the foot of the idea.
The back test results are based on a £1000 capital and risking 1% a trade. The results are for two full years of trading!
For the pair in question I am working to a 1:2.5 risk reward ratio.
Any questions on the methods used feel free to drop me a message.
GBPCHF HEAVY SHORT OPPORTUNITY!!Last week, the COT data came out and showed that with time, the CHF has been becoming strong against the GBP and the technicals have been proving it. On the weekly weekly chart, the candle has flipped bearish meaning that the long impulse could be coming to a close. We are most likely to see a retracement on the weekly which will be a huge opportunity to short the market. I think the market will be heading down to the green line in time before a further push to the upside.
AUDUSD - Technical head and shouldersIn the coming weeks ahead we could see a head and shoulders form as the US economy gains strength. More vaccinations and easing of restrictions is signaling a strong finish to the year for USD.
For AUDUSD, the price has been floating around .77 as previously covered, and now looks to be testing the shoulder line.
If we confirm a breakout then this may change.