EURUSD GROW from strong SUPPORTIn June, the price came to a strong resistance line and moved along it for a long time - rising.
This line then served as a good impetus for the growth that we have seen over the past three months.
However, now, after the price moved in a small upward channel for a short time, it fell again.The fall was strong enough to break through both the line and the resistance level.
On the daily chart, we see that the price has come to a strong support line and has already pushed off from it, starting to rise.
This support line was formed in 2008, which gives a very strong basis for growth.
I expect growth to continue. Now the price rise to the resistance line, touch it, and will turn around and start falling again. The final goal in this case is the support level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Short-signal
NZDUSD FALL after end of channelWe return to this pair a week after the last forecast. It came true exactly as I said.
After the ideal touch of the upper border of the channel - the resistance line, the price dropped to the support line and pushed off from it.
However, now I believe that the price will exit this channel, ending the movement in it.
We see that there is a resistance line in its path. I believe that the price will rise to this line and then reverse in a downtrend. The fact is that this resistance line is very strong - it has existed since March 2019.
But the support line is also strong - from August 2019. Thus, the final target: the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURUSD open SELL TRADEThroughout the last week, the price showed a strong fall.
And at the end of last week's trading, the price managed to break through the resistance line and fall below. It is important to note that this is indeed a very strong line, which began to form back in 2017 and its breaking is a serious signal for a price drop.
The price came to the resistance level, made a small correction and continued to fall. Now it has broken through the nearest resistance line.
Together, this indicates a good position to open a sell trade.
Thus, the price will continue to fall. TP - can be expected by the level of support. SL - by resistance level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GBPCAD FALL after "Triangle" patternIn 2016, the pair's price entered the “Descending Triangle” pattern, which is a reversal. This means that after the complete formation of the pattern, the price changes the trend. The price entered the pattern in an uptrend.
In September 2020, the price exited this pattern by breaking through its upper border - the support line. And she began to grow. And now we see that the price has fixed on this line, rallied and came to a small resistance line.
I expect the price to stop, bounce off this line and start falling towards the intersection of the two support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURUSD sudden STRONG FALLThe price is half way to the target I set last time.
The price has recently reached a resistance zone. And today, literally in real time, the price broke through a small resistance line and showed a sharp rise downward. This price movement also occurs in an upward channel.
I assume that the price will try to correct and touch this line again. But then it will definitely fall to a strong support point: the crossing of the line and the resistance level.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GBPUSD begins to FALLAs I predicted in my previous forecast, the pricethe price first broke the support line...
... and after that touched the strong resistance line and went down.
I expect the price to reach the support line in the near future. However, we see that the price is near a small support zone and therefore I believe that it will work out a small correction and only after that it will fall.
The price will come across two support lines. The third line is also located next to them, which creates a strong support zone.
If you are going to open a trade, I recommend that you set the SL slightly above the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US500 in FALLING chanelAfter the strong growth that the price showed in early October, the pair entered a small downward channel - forming the "Flag" pattern.
This pattern is a continuation of the trend. However, before the price goes up, I expect the price to fall to the point of intersection of the line and the support level. Cause right now, the price is at the upper border of the channel, having touched the resistance line and now. The target in this case is 3396.1
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUDCAD - new sell trade validAUDCAD - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
XAUUSDHello traders, based on my last opinion the price has broken below the next level of support so we can expect the market to retest the previous support which now turns into resistance and bearish move until next week.
nearest target: 1817.68 to 1795.23
Support this idea with a LIKE or comments if you find it useful ... Thank you
EURUSD - Running +1.6% and 60 pips...EURUSD - sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
AUDUSD - moving nicely - running 2.76%AUDUSD- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.