Unit could test fibonacci level at 12.68 or even lower at 12.31, then I will buy and hold for bullish trend reversal possible up to 13.7 area. High Profit/Risk ratio on this unit once it starts reversal. Motivation: Despite economic recession, Moody downgrade, political turmoil, ZAR has been strengthening. However, the longer-term effects of the economic...
CHXEUR:IFM I have identified this buy setup for BANCA IFIS.
Long position as trend breaks out triangle and moves towards retesting new support, which I believe will lead to a bullish movement towards resistance.
Potential long position as trend retests strong support of 1.3390 and forms an ascending triangle pattern which I believe will break through the weak resistance area, to continue bullish movement towards the 2nd take profit
Testing new startegy :) Happy and safe trading
I was able to secure 3 trades last week within this bullish channel. I was able to post an analysis of 2 of the opportunities. So while i am still in a very attentive position with this pair. I will continue. Now, i am out of all positions. As i wait for golds next move. During NFP this Friday. I was able to observe the crash in the dollar, and the lift in...
Gold broke resistance during NFP results and aims for 1350
Hey Guys! Attached you find the Monday Buy position that is still on-going. Read the linked idea to get to know more. UPDATE: Price bounced from the trendline.
I saw that LTCUSD just break up the ascending triangle there fore 2 possibility which is go down a little bit and go up OR go up to TP1 or TP2 now so I think that this pair LTCUSD is BUY now or wait it go down a bit and BUY Enjoy trading If you like my work please like it and follow - Thanks
I see that XAUUSD will go up a bit more may be checking to the same previous high and then it will come down so you can do either buy now and then close near top & sell when see signal down as the trend I draw in the picture or you can only sell when it is at the top when there is signal DOWN which is going to be safer play If you like my work please like and follow
I will recommend to wait another 6-10 hours to wait for signal buy and then you can go for LONG safely with better risk and reward ratio the up trend channel is set up already trade with care (If you agree with this please help to like and follow -Thank )
USDEUR: The next down-wave for the dollar has begun. Look to sell all dollar rallies from here until the downside target is achieved as per comment.
BTCUSD start to form ascending triangle pattern It will come down a little bit and rise to the top of the line again for sure but then you can just take profit there if you want guarantee profit if you want to bet for more profit or more loss you can wait for it to break the ascending triangle pattern trade with care (if you like the idea please help to like...
UKOIL: Brent Crude Update: Weak in near term and approaching key support which must continue to hold to avoid tipping this complex back into full-on bear mode with a minimum downside target at 48.43
I do not believe we fall below the important support level drawn by the red line. It had shown as vital support in the past and i believe we will see the same here. A further decline does not seem warranted also because of the RSI's divergence to declining prices showing that strength is increasing. After such a decline we should see a breakout to at least Fib 50%...