Hey everyone, I just wanted to share what i can see. I've been trading for about 5-7 Months now and i don't consider myself an expert but any comments on this would be very much appreciated it. Feel free to share your opinion on this. Thanks!
Reason for short: 1) Minor Upper Trendline broken with one strong bush so (bias is still bullish but there is a small counter trend opportunity - therefore a tight stop loss since this trade carries high level of risk) 2) Pair was unable to push through a major level of structure and immediately later the trendline was broken Target is set for 2 levels of...
Good Risk Reward Trade showing up here. Goodluck!
1TF 116PIPS PROFIT RR5.01 2TF 62PIP PROFIT RR2.24
The case for entry is already posted within the chart, take a look and send some feedback. Enjoy!
still very bearish after the usd spike. i expect this to fall back down
LOOKING FOR PULLBACK TO FINISH TO START A SHORT. SAW THE BREAKOUT WITH A CURRENT 61.8 RETRACEMENT BUT IM LOOKING FOR 50% RETRACEMENT TO FULLY CONFIRM SHORT THEN WE WIL LOOK FOR 127.2 EXTENSION FOR TP1 OR 161.8 FOR TP 2
Wait until price moves above 1.618 Fib level. This is not Elliot wave 1-2-3, it's another strategy.
EURUSD has fallen last week and it will continue droping other 100 Pips until touhing the monthly trend (red line). The question is if after that it will break out or reverse.
As you can see, there will be a correction on USDJPY should go up to the trendline and resistance level, enter with a good candlestick pattern and then price should make lower low even to the demand zone around 104.170. Entry - 105.250 SL - 105.770 (52 pips) TP - 104.200 (105 pips) Good Luck !
reversal off the 78% after bank rate statements. 100 pips back up To C
The dollar is in a defined range of 12050 - 11950 and is likely to trade below 11975 next week, price action below this level is subject to buying pressure (support) which will allow for a buy trade with a target of 12050. A buy on the triple tested support of 11950 will open a trade worth 100 points as price is likely to follow the range back up to the triple...
The weekly pivot on USDJPY is looking very appealing right now, we should see a move up on this pair sooner than later. The current weekly pivot looks very nice for a near term target. I would like to see one more push lower before buying these dips, I like the 1 hour trend line as well. See more details at DayTraders FX Check out the VIDEO LIBRARY Follow...
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
Hi trader, GBPAUD has been in a strong uptrend for the last two weeks. The breakout of 1.9450 suggests to me that this pair is likely to continue higher into next week. Trend following traders may already be long on the break (if so, well done, now just hold on!). If you have missed it, a more conservative play is to wait for a pullback to the breakout point of...