Forextradingzones
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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EURUSD - Forecast EURUSD for weeks ranging between 1.1600-1.18965 with very strong strength of bullish trend. Next week, the up movement will likely continue with target 1.24155-1.25410.
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I also give market commentary weekly. The newest update market commentary for period 21-24 Dec 2020 can be read below
www.elitemeetvalue.com
🇺🇸 🇯🇵Explained in chart.
( Personally first i’d let it go bellow the orange rectangle and when going back up, buy. Use SL )
Use small lot size cuz it’s an counter trend trade and risky.
( A low probability trade but real small risk and big big r/r )
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
NZDUSD BULLISH ENGULFING PATTERNNZDUSD bullish continuation.
Price action on NZDUSD has been wonderful lately, price has been creating a bullish trend from a support level at 0.70620 but gave a low price move at 0.70592. From the support, price action created a bullish engulfing pattern from 0.70617 after the retest. Bullish swing highs created after failing to break it's previous higher lows at 0.70823 and 0.70974.
My forecast on this pair.
If price action fails to break it's previous low at 0.70974 and breaks a minor resistance price action at 0.71200, A bullish trend is created.
Minor resistance price action for short term trades
0.71294
0.71347
0.71423
0.71491
0.71619
0.71642
0.71778.
Major resistance price action.
0.71802.
If you want to take a long position on the pair NZDUSD. You can open your trade positions around 0.71200 and ride along to 0.71802. This may take weeks.
For short term.
Look to open around 0.71200 and follow the minor resistance price action.
For More Chart Forecast Contact RSTradeView Page On Facebook.
GBUSDLets have a closer look to longer time frame of GBPUSD.
Now its fighting with powerful resistance in the forbidden area. Do nothing,is the best advise in this chart until a obvious trigger for long and short.
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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
GOLD TURNING POINTHello traders
As you can see in the chart, gold is on 2 channels, one big bullish one weekly and one descending in daily.
I Believe general gold is bullish, and it got supported on a very key level with Fibonacci 0.618 level and channel , Ichimoko Tengensen, and bottom of the main big channel.
There is also a hidden bullish divergence in weekly and in daily on RSI.
This is just a theory and counter trading, so be careful.
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What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
Pound Dollar Long trade presented. Morning Traders
Here we have a GBPUSD traded on the 30M chart.
I trade this pair with a 2:1 risk reward strategy. Risking 2% a trade.
As you will see from back test data this pair has been very kind to me this year. Those stats are year too date!
A buy signal as just presented on the script I am using and I have entered the trade working to those stop loss and take profit parameters.
For more information on the script I am using please message me.
New trade on UJ Morning Traders
Working my H1 chart here and a new USDJPY trade has presented on the chart.
I work this chart with a stop loss and will follow the trend now until the next signal.
I have entered a tradingzone on the chart to indicate the potential of where this trade could head.
For any more information on the script I am using please message me.
