Slightly Bearish bias Sell Stop @ 110.830 TP @109.500 SL@ 111.750 If the market continue to rally, Buy Stop @ 112.140 TP @ 114.290 SL @ 110.760
Buy limit @ 1.71210 SL @ 1.70200 TP @ 1.74600 If the current uptrend line will be broken, Sell Stop @ 1.701900 TP @ 1.68700 SL @ 1.71170
Inside Bar within Inside bar. This suggests that market is contracting and what follows after a period of contraction is a breakout. It's a wait and see period
AUDUSD Among my 4 trade setup starting last week, only AUDUSD was triggered. The rest was not triggered which means, we did not lose any of them as well. Trade setup last week shows a 94 pips gain out of 108 pips target and the remaining 14 pips will probably be hit anytime this week. SL @ 0.7600 Sell stop @ 0.7501 TP @ 0.7336
On a Weekly time frame, the market is in accumulation phase where it is has been in sideways with 1.2770 as the resistance level and 1.2110 as the support level. On a Daily time frame, the market shows sign of buying pressure and is about to break above SMA200. RSI is above 50 while MACD has printed above 0 level and its signal line is printed inside the...
On a weekly time frame, the 200SMA acted as a dynamic support as the market just bounced from that 200 moving average. Just before the market hit the recent resistance level of 118.29 area, there was a strong buying pressure but the following downward rally is less convincing which suggest that there are not enough sellers willing to take the price down. On a...
On a weekly time frame, the market has formed a huge bearish engulfing pattern right at the resistance zone. This suggest a strong selling pressure. On a daily time frame, the strong selling pressure shown last week appears to continue and may retest the support zone 1.0520 - 1.0490 however we may see a period of consolidation before it continues it's downward...
On a weekly time frame, the last candle formed a bullish engulfing pattern and right at the H&S's neckline. It is premature to say that the H&S formed is already busted but the 200 SMA and trendline are still intact which suggests that we are still in uptrend. In addition, it has also pierced above 100.20 where it acts as a strong resistance level in several...
On a Weekly time frame, the market in an accumulation phase as it is in a sideways with 1.2770 as the resistance level and 1.2110 as the support level. On a Daily time frame, the market shows sign of buying pressure and is about to break above SMA200. RSI is above 50 while MACD has printed above 0 level and its Signal Line is printed inside the histogram which...
On a weekly time frame, the market has been in sideways and just recently the resistance zone at 0.7720 - 0.7770 retested. On a daily time frame, a strong resistance zone at 0.7720 upto 0.7770 as everytime the market hits that level, the market retreats towards 0.7500 zone. By observing the price action, the way the market climbs towards the 0.7720 - 0.7770 level...
From our last week’s analysis on this pair the alternative setup was triggered and has almost hit our TP of 114.92. On daily time frame the candle has formed a dark cloud cover pattern right around the resistance of a ranging box 114.88 which suggests that we may have a short term bearish move and will potentially move within the sideways range. A 122 pips of...
Our last week’s analysis is still valid for the upcoming week. If we have taken the trade, we are still in positive. A good entry would be a sell limit at 0.7613 with 71 pips risk and 164 potential profit which gives us 2.3:1 risk reward ratio. SL @ 0.7702 Sell Limit @ 0.7631 TP @ 0.7467 But if the price starts to go down, a good trading setup would be a...
Higher time frame (W1) shows that Gold is still on a down trend where It has formed higher high followed by higher low 3 times and it is about to retest the major down trend line for the fourth time. Looking at the short term time frame (D1), Price is making higher high however RSI has hit a resistance level at 70 for 3 times. This suggests that price may still...
A break below 0.7648 suggests a strong bearish momentum. SL - 0.7751 Entry - 0.7645 TP - 0.7485 with RRR 1.5:1
A better risk-reward trade setup is to wait for the price to reach 110.00 and a good buy opportunity awaits. SL @ 108.81 Buy limit @ 110.00 TP @ 114.90 Alternative trade would be SL @ 116.52 Sell limit @ 114.95 TP @ 1
The market is currently in sideways and the pattern has potentially formed a pennant flag. A break above 1.2564 would start the bullish pennant flag formation, however, a break below 1.2293 would start the higher time frame downtrend.
Bearish Bias on EURUSD. The market is in continuation of longer time frame downtrend. A break below 1.0520 is a good short opportunity with almost 2:1 risk reward ratio. SL @ 1.0715 Sell stop @ 1.0520 TP1 @ 1.0352 TP2 @ 1.0143
A break below 99.40 suggests a higher probability of Head and Shoulder formation.