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EURUSD 1D Naked Forex TradingEURUSD is currently trading within a Potential Reversal Zone (Major support level). We expect price to turn bullish in the near-term before hitting our TP 1, which is a resistance level. If price was to break further through the green trend line, we would expect it to move towards TP 2. If price does not break TP 1, we expect it to continue on its downtrend towards Potential Reversal Zone 2, where another bounce may occur back to Zone 1. A break through Potential Reversal Zone 1 would open up a short play towards Potential Reversal Zone 2.
Long
by Elemont
Potential downtrend on the DAXAfter the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline. Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for this week and wait until monday to trade again. Eventually the referendum is helping to drop the price as I expect here but I think the risk is way to high to be stopped out in the next two days. I wish everybody who is still trading good luck and nice profits. Dennis PS: I give no advice, I only share my opinion.
FX:GER30
by tradingdiaries
GBPAUD is going down :D... I hope...GBPAUD well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price away... Squezze is starting to fall, we have a short aceleration... What else we can ask? Maybe that MA 50 that is like saying "hey dont trusth this dud, go long" but... Naaa, who really cares about that silly MA... (Put some tight stops...) put stops around 1.9913... Or something like that, remember your spread. Remember if you have a winning position and it goes to a losse position is a mistake that has no forgiveness, please follow your trade with stops and so. This is a daily swing, that could turn into a positioner trade... It might go short for weeks :D That is what I am aiming for. SELL MY CHILDREN SEELLLLL!!!
Short
by kjzsbtby
1