Hello Traders, Today I will share with you my idea about EUR/CAD. First of all, check an eye on Crude Oil because we see the drones attack Saudi Arabia Oil's output and be prepared for the next move of Crude because Crude =CAD. Second, we see a cypher pattern on the Daily chart and a bullish divergence, we can expect an up move and after that a nice correction on...
Setting up buy stop order just few pips above this week's high near 0.68 (would prefer buy limit near 0.67 instead, but since AU's seasonality for this month is generally bearish, I don't wanna risk a huge drawdown up to 0.60). Weekly: Confidence: C (this idea is against this month's seasonality bias and DXY going up to 100 if ever; also uncertain risks...
Bollinger bands narrowed down for a steep move on S&P 500. Target of this move will be the resistance of decreasing triangle which is around 2905's. MACD blue line is also started to turn upwards for a long sign.
This bounce will follow Bitcoin’s bounce. Please refer to the attached idea for more details and invalidation criteria
So I've analysed GBPUSD as you can see above. It's only been 45 days I entered this world of Forex Trading so I am using what knowledge I've gained so far. Im not trading on a live account right now and I will be trading according to my analysis on my demo account and that's how I think will happen if we break triangle. Waiting on that triangle to break then i...
The gold has wiped out all gains within this week. If the tone was set in a bullish manner in the beginning, the downward movement from the peak will attract many late buyers. However, the price makes new low again and again, causing many late buyers to be trapped. Now that the price has retraced back to this week's opening price, it is very likely that most late...
We are still in the middle of a bigger correction meaning that downside is expected but currently there is a small buy signal on H1 and H4. Wait for confirmation before entering. Take profit as the long term outlook is returning to 3k or lower.
long usd against euro. Trade setup ready. Sl 1.13, tp 1.15. Based on EWA. enjoy your ride:)
Pretty simple setup, going to be going long near the Kijun support with a target at the Tenkan resistance. Buy: 10900-10500 sat Target 1: 11400 sat Target 2: 12080 sat Target 3: Open Stop-Loss: 10300 sat
So I'm looking for short term longs on the 4HR chart. I see two possible plays in price action (red and blue arrows). In both cases, I'll look to take longs if price reaches my zones (orange lines). Out of the first zone, I'll target target about 75 pips and then move SL to breakeven. The 2nd, I'll look for about 125 pips and then move SL to breakeven. The...
The downtrend in Ripple (XRP) that started on Jan. 4 2017 at a price high of $3.31 to $0.59 on Feb 6 2017 can be described as a 3 wave (WXY) Elliott wave pattern. This implies that a move back up from the end of wave x (in red color) will either be a 3 wave move back up or the start of an impulsive move (pointing to an uptrend). Either way, both scenarios argue...
Sprint's management has been active with deals to "Mobile Leasing Solutions" for $1.2 billion for sale and lease-back of in 11/2015 and another deal to "Network LeaseCo" for $2.2 billion which will further increase liquidity position and be used to restructure debt in more favorable terms. If a trend breakout happens, the company looks favorable for short-term...
Looking at the larger time frames, The AUDUSD has made an ABC zigzag correction, and the trend down from that is here as the high, there are 5 waves down, with divergence between the 3rd and 5th waves on the 1H MACD, should this be the bottom, I am expecting a correction to the upside before looking for a longer term sell.
Good Morning Traders, EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087 Good luck and trade with discipline and effective risk management! Ike
USDCAD is looking bullish in the short term (C wave) to finish the flat correction before going down. P.S: This content is for educational purposes and discussion. Good luck.
USD/JPY short term trend follow strategy. Strong pullback , strong support level , strong trend line, pivot point rejection. 75-80% probability.
Spirax-Sarco Engineering was upgraded this morning and traded positively throughout the day. The shares are outperforming the UKX100 over the past 3 months and look set to push on towards new highs. Buy on the open tomorrow morning with a stop loss at 4490p Target is 5300p over the short to medium term.
Potential Long term view on eur/usd. planning out a bullish gartley pattern. Still has further room to go for the leg C up due to weakness in the US dollar in short term, but after rate hike may drop to the entry D.