Prestige_Forex_Academy

Prestige_Forex_Academy

The price reached demand level, broke out of descending trendline and retested on fib 61.8.

Prestige_Forex_Academy

1. The price has broken out of descending trendline. 2.The SMA has turned green at the demand Zone. 3. Macd has crossed the zero line. Stop Loss can be around 1.131000 Tp 1 _1.138861 Tp 2_1.143409 Tp 3_1.151000

Prestige_Forex_Academy

FX:USDJPY 1. The price has broken out of trendline. 2. Waiting for the MACD to fall below zero line. 3. Once the the 50sma turns red we go short 4. Stop-loss 5 pips above the price. 5. Take profit has to atleast 1:3 We will look for other tools like fib and bearish corrective trendline.

Prestige_Forex_Academy

OANDA:AUDCAD Currently we are looking for a long trade reason. 1.Price has broken out of daily descending trendline and playing below bullish corrective trendline. 2.The price has also reached fibo golden Zone between 61.8% and 50%. 3.Once the MACD turns positive and the price move above 50sma we go long. Risk management is key.

Prestige_Forex_Academy

OANDA:DE30EUR I'm expecting German 30 to fall after breaking the bearish corrective trendline for TP we can use -161.8% fibo level.

Prestige_Forex_Academy

FX:GBPAUD here i'm looking for short term long trade.