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Respect the pipin ( Snoop Dogg fans will understand ) ;p 1.72507 is a key strong resistance level as we show with our purple arrows where price has respected this level. 1.70319 area was previously used as resistance ( blue arrows ) but more recently was used as support ( orange arrows ) Price is currently sitting at resistance so again we are expecting it to respect this and bounce making movement to the downside, Price could find support around 1.71447 but eventually we are expecting price to fall to 1.70319 area. We will be setting orders and sending ENTRY, SL and TP to our clients.
Short
by Apex_Gregg
Possible NZD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 days Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will find resistance at current levels at @ 0.688 - 0.693 levels and move towards the first Target 1 level @ 0.678 FX:NZDUSD Trade Management Entered @ Sign up for details Stop Loss @ Sign up for details Target 1 @ 0.678 Target 2 @ 0.6538 Risk/Reward @ 4.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
After taking EUR/USD's neck, we're coming for its legs too!After a beautiful buy on the neckline break last week EUR/USD has developed downside momentum, it has broken the supporting bullish trendline and doesn't look like it will slow down. We consider 1.1580-1.1587 area as a sell zone for the continuation downside. Area confluences with bearish trendline and 61.8% retracement from the previous push down. We should be in and out on this one as the NFP is coming up by the end of the week.
Short
by FXAN
[NXTUSDT +4.5%] Spectro™ M Bullish Reversal WarningThis is a signal using Spectro™ M This is a moderate reversal signal since we have every single indicator but one in Spectro pointing towards the reversal. The blue background is the trend analyzer telling you that we are entering a reversal zone. The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target. As you can see from past trades the clouds can be very precise prediction future price. The big green triangles mean that Spectro check 20 other indicators and they all agree in a reversal. We can see a reversal candlestick appearing at the bottom. So pretty much we have several signals that come before the confirmation. We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely since Spectro™ M just triggered a bullish reversal alert and the downtrend is almost reversing. Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
NLong
by spectertrading
Dollar - Bottom Is InToday we have an excellent opportunity for Dollar on the 8H chart with a trend bottom. I really like the look of this set up! Price hit the 1.414 Fibonacci extension leg, hit horizontal support, and hit the channel support level simultaneously. There is so much structure support at current level that it is definitely a good idea to look for a buying opportunity. At this current moment in time, price is correcting to the upside. I have highlighted 2 targets on the chart which could be favorable if the trade works out. I believe this trade could play out in several different ways. I have outlined these below. Price will carry on with the upside move without stalling, to hit the 1st target of 93.62. Price will stall and retest the support level, before going to the upside again. (This trading scenario would be less risky than the first.) Price will travel to the upside, have a small correction, and then go to the highs. (This scenario would be the best. As we can: Add to position on the small wave correction before reaching target. 2: We can take profits on the correction, and then buy in again, removing most risk.) Bare in mind that price could exceed target and go to target 2 (The extended target illustrated on the chart) at 94.96. We will look at this as a target if price exceeds target 1. (See chart for details.) Use this analysis to guide you with this trade, but also factor in your own. Sometimes less is more. Let's listen to the basic message of the structure, and allow it to tell us what to do. I will be updating this analysis as the trade plays out. So like & follow so that you do not miss out of my latest analysis and updates.
TVC:DXYLong
by TomProTrader
3