Look for confirmation of support near bottom to long eurjpy , currently pulling back to previous lows on Monday morning low liquidity conditions. In case break below trendline wait for retest before selling.
Pair has found interim support from bottom line of channel , we are waiting for a close below channel to short pair towards 0.890
USDJPY is following channel pattern and has broken below intermediate support , favouring short positions from channel top..
Sell with target lower range of price if USDCAD breaks and closes below minor trendline , always wait for retest of trendline and confirmation while trading with trendlines.
NZDUSD is in strong sell zone right now , if USD fundamental will support , we may see good rejection from channel top , suggested selling this pair on confirmation in lower timeframe , or if you want to buy it not a good time.. wait for retracement.. follow us for more trade ideas .. please hit like if u appreciate the idea...
Pair has returned back inside descending trendline on daily chart after moving up for a while , fed comments are weighing on USD , look for sell opportunities, exit sell if price manages to close above ichimoku cloud in 4 hr.
Price is trading in ascending channel and is approaching resistance zone , watchout for break below trendline and place where it breaks , sell towards support and then look for long trade setups Follow us for more trade ideas.
Price is pulling back after yesterdays bullish run , we are waiting to see extent of pullback , If price manages to find support from our expected green box and move higher then we will be looking to long gbpusd with target 1.2650 , in case close below we need to redraw s/r zone and look for further price action patterns.
Wait for pullback to finish and long on clear sign of continuation in 1hr or below time frame only.. price is still in bearish
Exit if 4 hr candle closes below ichimoku cloud... tp 1.1350 - 1.14
GBP is gaining traction because MP's are voting in short time from now on motion which would not allow prorogue parliament or suspension of parliament by Borris Johnson in order to force no-deal brexit.. As we know parliament has already ruled out no deal brexit and if this motion passes then risk of No-Deal brexit will decrease very signficantly . Decreasing...
Pair is facing rejection at multiday long trend line and may move lower to test ascending trendline before moving higher , long only in case of break above descending trendline.
In 15 min GBP fundamental news is awaited , price has already moved lower yesterday and found support at 1.2380 zone , which is as per se very strong zone , in case of favouorable or above expectation news we would be looking to increase our long positions as we are already in bottom of range.. on the contrary we close our long positions and wait for reversal...
Long with target 1.14 if daily candle manages to close above ichimoku cloud , price is in ascending channel and has found support at strong horizontal support.
Short term down trend expected to retest lower trendline .. If idea was helpful then please hit like to show support & Appreciation follow us for more ...
EURCHF is getting strong support near lower range and bottom channel line , we can see double bottom pattern now , and with daily candle not being able to close below for many days strengthen our view that price may move higher in coming days.. If idea was helpful then please hit like to show support & Appreciation follow us for more ...
We are currently looking at pullback of AUDCAD towards descending trendline , if price gets strongly rejected by trendline and close below 20DMA we will be looking to sell with atleast 100 pips of tp. If idea was helpful then please hit like to show support & Appreciation follow us for more ...
Hello Traders , In this educational post we will be looking at daily chart of gold as on 16 july , We can see that moving averages are pointing strongly north which means that bullish strength has not wained yet , but inability to move higher above 1430 has formed a consolidation pattern above 1400 , while we are awaiting for breakout it is expected that we...