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Possible Sell for USDCHF : Pullback Has Been CompletedPossible sell for USDCHF. Price has remained below the 200 and 50 EMA indicating a short bias. This idea is an update to the previous idea I uploaded on this pair, indicating that the price has completed a successful re test to the trend line and should now head down as the dollar weakens. I have set a reasonable stop loss just over the trend line for the rare case of breaking the trend and a take profit of about 175 pips. Risk:Reward ratio is 2.68. FX:USDCHF
Short
by Rayyan_2805
Possible Drop for USDJPYPossible drop for USDJPY. I have been following this pair closely for a few months now and it has been acting throughout a descending wedge and I have been awaiting the breakout of the wedge and it has occurred today. The price has also been moving under both the 200 EMA and 50 EMA which also adds to the short bias. I have placed a long term trade with over 200 pips Take Profit and just under 90 pips stop loss. I entered this trade at price of 108.310, so already in profit, this post has been uploaded a bit later than when I entered the trade from. Keep an eye out for updates. FX:USDJPY
Short
by Rayyan_2805
Possible Pullback then Down Trend for USDCHFPossible move for USDCHF. Price has recently made a big move to a local support line which usually results in a strong pullback for the immediate next bar. I believe this will be the pullback move to the trend line and then the price will continue to head downwards as you can see from my arrows. I will wait for conformation from the next candlestick and then enter the trade in 2 days when/if the 2nd candlestick comes out in my favour. Price has also moved below the 200 and 50 EMA indicating a long term short bias. Keep an eye out for updates. FX:USDCHF
Short
by Rayyan_2805
Possible BIG Move Incoming for GBPUSD (Long)Possible long for GBPUSD. Price has remained below the 200 EMA and 50 EMA indicating a short bias overall in the long term. We can see a strong trend line resistance crossing the chart and I believe this is where the price is heading towards in the next few days or even weeks, before it makes its move back downwards and carrying on the downward trend. The price has also hit a very strong support zone in which it is expected to bounce right up from. I have entered a trade with about 70 pips stop loss and around 230 pip the profit. Keep an eye out for updates. FX:GBPUSD
Long
by Rayyan_2805
Wait for Conformation - GBPJPYAwaiting conformation for GBPJPY. Price is currently turning into a strong push towards a fairly strong support zone. This could indicate that a reversal is happening. However, we should wait for conformation as the price could break the local support zone and head to the downside, hence the red arrow. Price is also currently running below both the 50 EMA and 200 EMA slightly, which indicates a short bias. Keep an eye out as there will be updates on this pair. FX:GBPJPY
by Rayyan_2805
Possible Long for NZDUSDPossible long position for NZDUSD. Price has recently bounced off of a Long term trend line support, leading me to believe a potential drive to the next local resistance area. The price has also just crossed both the 200 EMA and 50 EMA and they have gone underneath the price thus giving us a long bias. For this trade I have also brought in a stochastic indicator which is currently showing us that the price has recently been moving in an over sold area which also ties into the long bias. As you can see there is also a parallel trend line channel which has just experienced a false breakout which is yet another indicator to buy. I have added in a long trade with a tiny stop loss of about 24 pips and take profit of around 106 pips, which makes for a great risk:reward ratio. Keep an eye out for this as there will be updates. FX:NZDUSD
Long
by Rayyan_2805
Possible Long for GOLD in Pullback to small parallel Trend linePossible short term long position for GOLD. Price has remained above both 200 and 50 EMA indicating long bias. The chart may look confusing as there are a lot of lines but these are just different trend channels that I have indicated and you can see the most accurate trend line channel is the parallel channel indicated as blue. The price has broken out of this trend to the downside and I expect a pullback to the trend line before a continuation to the downside. Keep an eye out as I will be following this pair closely and we will be holding any trades we have until next week as it is Friday today. FOREXCOM:XAUUSD
FOREXCOM:XAUUSDLong
by Rayyan_2805
Possible Long for USDCAD But Sell for NowPossible Long term buy for USDCAD incoming. Price is showing a strong indication of a long bias as it has been moving above both the 200 and 50 EMA. Price is currently working towards the trend lone channel support zone as well as a minor individual support. If price breaks this support then we could see a further big drop in the price but if we see the daily candles closing within the trend line channel then we can expect the price to respect the trend and continue upwards again. For now, it would be wise to sell the price down to the trend line support and wait for confirmation at the trend line support for further trades. FX:USDCAD
Short
by Rayyan_2805
Possible Long Position IncomingPossible long position for EURUSD. Overall this pair is looking to go down even more but for now and the coming week I am expecting this pair to go up. This is based on following the trend as well as big fundamental news kicking off the week tomorrow and in favour of the EUR going up and USD going down. As for the technical analysis we can see a mediocre support being reached by the price and the price has been rejected here at least twice beforehand and sent the pair into a minor reversal. I have a long position marked along with a small stop loss, which gives for a good Risk/Reward ratio. FX:EURUSD
Long
by Rayyan_2805
Pullback Has Been Completed after Break of the Trend LinePossible short position for GBPJPY. Price has completed a pullback to the trend line after it had already broken out of out towards the downside. We can now expect further decline in the price as it Is currently moving below all three moving average indicators on the chart which are the 20 EMA, 50 EMA and the 200 EMA. This indicates a strong short bias for us. Will also cross check this analysis with the upcoming news for next week but I am feeling confident with this one.
Short
by Rayyan_2805
Strong Pullback then UpPossible strong pullback towards the trend line for AUDNZD. Price has broken trend line channel to the upside and now would be a good time to place a sell trade on the pullback to the trend line. Price has also been moving under both the 200 and 50 EMA which is still indicating a strong short bias. I expect the price to move back to the trend line and then go all the way up. The first target will be the first support turned resistance. FX:AUDNZD Will be holding until next week as it is Friday tomorrow.
Short
by Rayyan_2805
Possible Long Position for NZDUSDPossible buy incoming for NZDSUD. Price has acted bullish in the last few weeks and has remained above both the 200 and 50 EMA therefore still indicating a long bias. Resistance above the trend line channel has been tested more than twice and has been rejected, I am predicting the price will go up, through the trend line resistance and test the weekly resistance once agin. USD has been weaker and will continue to grow weaker as we can tell via fundamental analysis which means this pair has space to keep moving up! FX:NZDUSD
Long
by Rayyan_2805
Big Pullback to minor support, Big long incomingPossible big long position incoming on EURUSD. A major pullback has occurred shortly after the break of the trend line to the upside. Price has completed a big pullback to a minor support line which has been indicated on the chart and the price should continue from this support line all the way back up. Will be entering a trade with minor stop loss of 20 pips and Risk/Reward ration on this trade is 9.81 or just below 10/1 which is relatively good. Keep an eye out for this as stop loss is very tight so as to minimise losses and secure a very big climb. FX:EURUSD
Long
by Rayyan_2805
Possible Big Drop for USDJPYPossible short for USDJPY. Most people would leave this par alone and have no idea what to predict due to the fact that the chart has been moving 'Sideways' for a while now and most people usually stay away from sideways moving charts. I can see a parallel wedge forming and price is getting close to the edge which means its going to break out one way or another. Going by fundamental analysis I would predict a drop in USD but I've learnt not to base my judgement purely on one type of analysis. My technical analysis is also saying short USDJPY. I have chosen to use the 50 EMA for this one as I am looking for a short term trade as we're getting close to the end of the wedge and the price is reading below the EMA which is indicating a short bias again. FX:USDJPY
Short
by Rayyan_2805