After making a higher high in Monthly time frame and rejection from weekly strong resistance, we expect that price start a downtrend. in daily we see a triangle and a down trend channel . with combination of that , we can expect to start a short position. Entry = 84.600 T/P = 83.600 S/L = 84.900 Risk to Reward Ratio = 3.33
FOREXCOM:EURAUD After a long time daily downtrend its seems that euro want to be strong; and after reject from a monthly support and trapped in a triangle; We expect that price go up and reach to the top of the triangle. In other words, after the weekly impulse and complete the correction until 0.786 of fibo Retracement, my expectation is the price will break...
BITSTAMP:BTCUSD After the impulse in daily time frame and make a correction to near golden ratio in fib Retracement , we can expect the price make a higher high in next week. Then if the market shift from the bearish to bullish we can make a long position. ENTRY PRICE= 61200 T/P = 65950 S/L = 59600 Risk/Reward Ratio : 2.97
BITSTAMP:XRPUSD After the impulse in daily time frame and make a correction to 50% in fib Retracement , we can expect the price Can break the downtrend channel and make a higher high in next week. Then if the market shift from the bearish to bullish we can make a long position. What do you think??? ENTRY PRICE= 1.66180 T/P = 2.09820 S/L = 1.51630 Risk/Reward...
FOREXCOM:AUDUSD After the rejection from monthly & weekly resistance. I’m on the bearish side on AUDUSD for now. Let’s see what is the reaction of the price in the next few days! price will start a down trend. from 0.7765 to about 0.7680 ENTRY PRICE = 0.7735 T/P =0.7680 S/L = 0.7750 Risk/Reward Ratio : 3.67 FOREXCOM:AUDUSD