Forextradingzones
EURUSD AT DECISIVE SUPPORTEURUSD AT A DECISIVE SUPPORT
EURUSD started creating a swing lower lows from failing to break a resistance point at 1.21776 price level. This gave about 3 swing lower lows and bounce back from a support price level at 1.20786.
This had a bullish trend towards 1.21664 price level and fell back towards a decisive price zone. If it doesn't break it's previous downtrend at 1.20955 and we see and upward movement above 1.21168 open a short buy towards the Daily resistance.
Further movement in a bullish movement would be towards it previous high 1.21664, although price would react at for a short move at 1.21555, if no breakout, price would continue it's upward movement.
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US Dollar Index. Expected to move upYo traders,
Been a long time since i have posted trades.
Here is a one which i rarely trade but looks good for a setup.
US dollar has been very weak for a long time now and is expected to be weak going forward for the next few months with the printing of money taking place.
But looks like to fall down further there might be a pull back.
If you look at the charts the the price has approached and rejecting the weekly support.
RSI has also given a divergence on the daily TF giving a multiple confluence for a movement upward.
I will wait for a bullish close on the daily and look at 4HR chart on the daily before taking entries.
with Bullish indication on US index affects all USD pairs. Trade accordingly.
Please like comment and share for support
thanks
Madtradex
GBP/USD - Expected to move downYo traders,
This trade looks good to move down.
Based on my previous analysis for US index which shows a bullish forecast, GU seems to be in line with the same and looking to move down.
Price has reached the weekly resistance and has shown rejection (pin bar candle at resistance on daily). In the past we have seen the same rejection at this level.
Lets wait for the trend to break before it moves down
Thanks
Madtradex
USDNOK READY FOR LAUNCH!Hello traders,
I hope you are all doing great!
The last week finished in deep green territory for us (The Greek Trader community) above 500 pips profit and we are doing the same on this one!
The trade set up we are looking on is the USDNOK and let us tell you what our analysis is showing us:
Technical Observations
1.We have price reaching a daily-weekly and a monthly zone at 8.78-8.80 level.
2.It's a psychological round number!
3.We have with bullish MACD divergence.
4.We have a double top pattern in the daily timeframe and we have reached the targets of the extensions.
5.We have a Fib extension of 2.618 from the last pullback.
6.We have also 5 waves completed on the 4Hour timeframe.
Possible long Trade
ENTRY at 8.8110
STOP LOSS at 8.7658
TP at 8.99340-9.0 LEVEL
RISK/REWARD 4.03
THANK YOU ALL FOR SUPPORT!!
KEEP FOLLOWING AND SUPPORTING MEANS A LOT TO OUR ME!
Happy profits everyone!!
THE GREEK TRADER
EUR/JPY : BEARISH GARTLEY PATTERN IN D1 TIMEFRAME - R/R 2.09 🔔Welcome back Traders, Investors and Community!
Analysis of #EUR/JPY
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Strategy: Bearish Gartley With potential Max R/R 2.09
A clear chart is Always the best business card for a trader.
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Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter