EURGBP Long Opportunity Hello all, this is my prospective on the pair EURGBP
Daily charts shows that the pair is in an upward trend but has done a retracement to a support level that has held before. The pair has done a bounce off this support, I see it retesting structure that we can see the the left of the chart.
The pair is moving above 200 Simple Moving Average and 200 Exponential Moving Average.
Wait to see a solid close above .8885 for possible entry.
Stops placed at .8825 if entered.
I would look to close or take partial profits at .8934 (49 Pip Move). If I'm taking partial profits then
I'll wait for the remaining of my position to hit .8999 (114 Pip Move) which is a retest of newly formed
structure resistance.
Please leave feed back letting me know what you think of my analysis.
Agree or Disagree?
Good Risk/Reward
Possible AUD/USD LONG PLAY Hello all, this is my prospective on the pair AUD/USD.
Daily charts shows that the pair is in an upward trend with higher highs and higher lows.
200 Simple Moving Average is crossing with 200 Exponential Moving Average.
Wait to see a solid close above .79780 for possible entry.
I could look to for an exit taking a loss at 0.7945
I would look to close or take partial profits at .80085. If I'm taking partial profits then
I'll hold the remaining of my position until 0.8037 which is a retest of
structure highs.
Please leave feed back letting me know what you think of my analysis.
BTC Heavy Bull ModeHello, everyone. It seems that we have entered another heavy bull run, just as i predicted earlier (you can find it in related ideas), so, lets build some analysis for the nearest future. We've reached my first target point yesterday night, so, the next one should be somewhere around 1.618 fib. Black lines on the chart is a resistance. There is a possible retracement to 3k. Then the run should continue. At the time of the retracement alts should explode, but this is another story.
I appreciate your thoughts about that, waiting for comments. Happy trading!
Will it give Breakout or Breakdown??? (Let's watch)In USD/JPY (currency) a cup and handle pattern is formed and on a crucial level where it can give a Breakout or Breakdown...
The horizontal line which is drawn on chart is a support line...where price is fluctuating...
Let's wait for the clear trend direction... and based on that I will update with Targets and SL...
Note: Do your own study before making any position...
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