awan0454

awan0454 Updated 

EurUsd fell sharply to a short term support level and is likely to give us a good opportunity for buying. We are expecting a correction here which might just carry on. Risk to reward ratio is 1:2 so it is worth the risk to buy here. Lets see how it unfolds.

awan0454

First the pair should retrace up to .618 retracement level which is also the neck line of previous double top. My previous idea still valid and this one is the next expected move if we hit our previous target. Then we short it from there. Your ideas and comments are most welcome.

awan0454

EurUsd currency pair is nearing a short term support level. Watching previous price action we are most likely to get a bounce for 60 to 80 pips from this support level. Stops should be @ 30 pips from entry. Hit like button if you really liked it.

awan0454

EURUSD currency pair is nearing a short term support level which i think would most likely give us few very high probability pips on bounce. EurUsd is behaving like this of late. Best of luck.

awan0454

EURUSD is currently testing a key support if it succeeds in breaking this one then next support area shown below is exposed and Possible trading opportunities may present themselves as shown below. This is just my personal view and not and should not be considered an investment advice in anyway.

awan0454

A nicely shaped Head and shoulder is forming on GBPJPY pair I am looking to short it here. The pattern looks promising.

awan0454

EURUSD pair has already broken all the up trend lines and formed new down trend lines at this point it is testing both up and down trend lines at the same point confluence of trendlines what we call it technically. I am shorting it for short term gains and risk is also not very high even if it gains momentum upwards again.

awan0454

As I am posting this one EURUSD is testing a key support resisitance area which has proved its significance in past price action regardless of fundamentals which I don't know too much I personally believev that its gonna reverse from here pretty soon. Support area and trend line confluence are a good indication of holding this are and I am strongly bullish from here

awan0454

USDCAD has been moving in an upward channel for some time now. watch out for Price Action on channel breakout or continuation. I have drawn the key horizontal levels to consider a breakout or continuation. I always emphasize on Candlestick Patterns to assist your decisions.

awan0454

GBPUSD as it stands looks like coming back to neckline of previously formed inverse head and shoulder pattern. look to buy if it show some bullish candlestick pattern from neckline 55 moving average will also come into play as a strong support along with neckline.

awan0454

Gold is at a short term resistance and bearish candlestick pattern has been witnessed on hourly chart. I suggest to got short with very tight stop loss .

awan0454

EurUSD resistance has held for some time now and price action looks lazy to break this. But wait for it close below 55 moving average on hourly chart . Price Action is always the key to making decisions at critical levels.

awan0454

EURUSD will have to hold above this upper red line to prove its strenght. other wise it is expected to come down towards lower red line.

awan0454

$EURUSD is facing resistance at short term down trend lines reinforced by 60 period moving average. wait for some more clear price action to develop I am still short on EurUsd until the above short term down trendline and 60 moving average are not cleared.

awan0454

I have drawn some trend lines that I think will come in to play as the actions goes on. I am strongly bearish on EurUsd now. but you can take an entry from any of these trendlines retest or break. just watch out for these levels and watch how price action builds up there. For now its strongly bearish.