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100pips

CHFJPY ANALYSIS possible 400pips short!Looking for a continuation down here! This pair has been moving up since oct '19 and found resistance at 114.20 making a double top pattern! Right now price is on 111.80 support zone and we will be looking for price action to confirm that will continue to drop, that would confirm a possible new down-trend! On the other hand if price fails to break this level, we will enter long looking for that last higher! What do you think?? If you like this analysis dont forget to hit the like button!! Also, leave a comment with your thoughts!
by rodriguesths
Look here potential +100 pip tradeCurrent situation We have a few confluence factors for a move to the downside. Right now this pair is in a very interesting situation. We can see an inverted head and shoulders formation (It is also called a "W" formation). After this formation, it is normal to see a push to the downside especially when we are at a structural level. COT reports On AUD we can clearly see a decrease in short position (10809 shorts were closed) while the EUR was getting stronger. On the other hand, we have the EUR and it was getting pretty strong. While the EUR was getting stronger the hedge funds added another 13239 shorts (To EUR) which can be another indication for a push to the downside. Bearish divergence on the weekly We all know that divergence is not something you should use by itself. You always have to combine it with other things which I am doing here. In my opinion, divergence works very well on the 240 min, daily and weekly timeframes. The point: We can spot bearish divergence on the weekly which is another sign for a push to the downside. !Trading on your own risk. I am not giving financial advice I am only showing the way that I am trading!
Short
by Mete_forex
1
NZDUSD Update! Now we bull!!Marked in orange lines a possible trend formation if price can actually break the major down-trend again. Right now, a more realistic scenario is that we found our ground after this rally and we may see a good retracement for at least 50pips before a move lower! Use proper risk management on this one because its against the trend!! Tight SL as usual and lets go! What do you think?? Let me know in the comments!! Or join me on telegram so we can chat! t.me/tradingbayfx
Long
by rodriguesths
USDJPY possible 100pipsSo this is what we have right now on UJ! This major down-trend in my previous analysis was below that last high making it look like a fake breakout! Some times a like to clean my chart and re-make all the analysis from zero It fits perfectly like this! Looking at it right now, we see these possibles up-trend channels marked with the dashed lines but none of them managed to really break the down-trend. From jan 20th we saw this rally from 110.20 to 108.50 so fast and then it went up again even faster! This could signal strengh from USD but, price did not close above 110.00 this time! Could be only a pullback before another climb and breakout of major down-trend, yes! Or, as I like to think, 110.00 is a great round number for sellers, since we are back again inside the down-trend and a good opportunity for those who missed it the first time! Right now, we have this support at 109.60.. i'm waiting on lower time-frame for confirmation before entering. What do you think?? Leave a comment!! Also, join me on telegram t.me/tradingbayfx
Short
by rodriguesths
USDCAD +100 pip tradeResistance tested Resistance area tested again and therefore I am waiting for a push to the downside. We can also spot bearish divergence. I will be shorting this pair when I get a clear confirmation. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by Mete_forex
1
BULLISH SIGN: GOLDEN CROSSResistance -> Support We can clearly see a support level that went from resistance to support. After this, we will see a retest of this support (which is happening now) and a push to the upside were the currency pair will close a gap in the market. 50 MA crossover with 200 MA In 1-2 days we will see the 50 MA crossing with the 200 MA (Golden cross). This is a clear bull sign and therefore I am waiting for a push to the upside. This could be a potential +100 pips trade. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by Mete_forex
EURAUD +100 pip tradeConfluence We can clearly see a well-known head and shoulders formation. EUR pushed the price up to a structure level and will probably push it back to the neckline which is my target. COT reports We can also see at the reports that the hedge funds are opening up for more short positions. We have seen an increase of 16799. DISCLAIMER! I am not giving financial advice I am just showing how I am trading. Forex trading can be risky for new traders. Trading is at your own risk!
Short
by Mete_forex