Get started

1hr

GBPJPY 1 Hour channel set up, wait for Stochastic to turn - LongThere is a channel forming and while at the base the Stochastic indicator is in oversold territory. the label 'Potential Trade' show a 4 to 1 trade at these levels, but we will wait until we get the stochastic turning up to get a confirmed entry signal. Then we will set up the stop loss and take profit levels. The main stop loss will probably be at the orange support line area. The moving averages are also indicating bullish momentum.
Long
by Quadricolor
High Probability Short on USDJPYUSDJPY is showing a very high probability Short Setup on the 1 Hour Chart. Strategy: The chart shows a Horizontal Line which is drawn from the Higher Time Frame Chart (Daily Chart if the Trading Time Frame is 1 Hour Chart) from the Historical Data. The point where a Swing is initiated which breaks the most recent Swing Point and gets accepted following the break becomes an HTF Structure or HTF Structural Boundary or HTF Level with respect to Trading Time Frame. Since, the Structural Boundaries are created of relatively (considering 1Hr Chart to be the Trading Time Frame) Higher Time Frame, these levels have the ability to reverse the current direction of the price if the the break of the level is either 'Unaccepted' or 'Rejected'. In case of 'Acceptance' after the break of the HTF Level, the price will tend to continue in the same direction as the break. In the current chart, the price has broken the HTF Level R on the 1Hr Chart and was 'Unaccepted'. Hence a Short is a very good trade in the context. The Target can be trailed till the next level is reached.
Short
by PavanKulkarni
GBP/NZD 1H Chart: Channel DownGBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped by a combination of the pattern’s upper trend-line and the 55-hour SMA, which is moving precisely along the channel. For this reason, the rate is expected to gradually slip to the bottom towards the updated monthly S1 at 1.7486. In addition, given that in the upcoming three days there will be no fundamental data releases, the pair should not make a premature breakout from the formation.
by UnknownUnicorn890690