EURUSD- Long Opportunity On The Reversal of Ascending Triangle!!-Very decent long opportunity on the reversal on top of the ascending triangle.
-There is a confluence as the resistance of the triangle is in line with my supple zone.
-Another confluence is that the supply zone is in line with my 23.6 fib level which could indicate that price could potentially reversal from that zone.
-An extra confluence is the EMA as it is below price which indicates medium term bullish trend for this pair.
-I will wait until price reaches the significant level and look for strong bullish confirmation to enter the trade.
Supplydemandtrading
EURUSD Trade Analysis for Long PositionEURUSD Trade Analysis for Long Position
Price break above Daily Trend line and pull back to the breakout area
Price forming consolidation stage
Price rejection from daily support area
price break above the recent H4 trend line
Look for price pull back and enter long position
Buy Limit 1.08089
SL 1.07389
TP 1 1.08289
TP 2 1.08589
TP 3 1.09089
*Please apply your own risk management skill
*Risk no more than 1% of your trading capital
*Always trail your profit
*Apply BEP to protect your capital
If the pending order didnt get filled, we will delete the pending order
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
USDCHF Trade Analysis for Short PositionUSDCHF Trade Analysis for Short Position
Price break Daily Trend line and pull back to the breakout area
Price forming consolidation stage
Price rejection from daily resistance area
price break lower the recent H4 trend line
Look for price pull back and enter short trade
Sell Limit 0.97405
SL 0.98105
TP 1 0.97205
TP 2 0.96905
TP 3 0.96405
*Please apply your own risk management skill
*Risk no more than 1% of your trading capital
*Always trail your profit
*Apply BEP to protect your capital
If the pending order didnt get filled, we will delete the pending order
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
AUDUSD Trade Analysis for Short PositionAUDUSD Trade Analysis for Short Position
Price break recent H1 trend line and go lower
Look for price pull back to SRF line and go lower low
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
USDJPY Consolidation StageUSDJPY Consolidation Stage
USDJPY H4 time frame
price break out from recent trend line
price entering consolidation stage (the grey zone that i highlighted)
we can clearly see the price bounce between 107.947 and 107.368
wait for price break above 107.947 or price break below 107.368 as confirmation
enter after price pull back
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author.
This information is intended for educational purposes.
GBPUSD Trade Analysis for Short PositionGBPUSD Trade Analysis for Short Position
Price break below the trend line and recent support
Price pull back and break lower the recent support with big bearish candle
Indicate a strong bearish bias is form
Wait for price pull back and go short
Disclaimer
The content on this trade analysis is subject to change at any time without notice.
Any information provided here is only the personal opinion of the author
This information is intended for educational purposes.