EUE/NZD Shorting 2 optionsWhat do u think about shorting Eur/Nzd. It looks like it will fall back to support levels. What do u think?
Beginner
Potential buy on USDJPYI am brand new to technical analysis this is my 2nd ever chart 😅 Grateful for any assistance in getting to grips with the tools and functionality of this site as it seems to have ALOT to offer 👍🏻
NYSE:RNG $276 TargetDISCLAIMER: I'm a beginner and this is one of my first attempts at analyzing a trend. If you think my reasoning is wrong here, please tell me.
We can see that NYSE:RNG price is currently consolidating, with lower highs and higher lows, and after this consolidation period the price should begin a new trend. Given the bullish history of that stock, the fact that overall we're still in an ascending trend, and that the market is slowly recovering from the COVID downtrend, I think its price should continue to rise a little bit, break the 1st resistance and reach at least the 1st target (but I don't think it will break the 2nd resistance).
Target 1: $276
Target 2: $283
Target 3: $290
Should i sell it?? I am beginer.I am trying to learn fx and i dont know if my strategy is ok. Plz tell me if i made any mistake and if i predicted the eur/usd right.
4010 Buy CallTADAWUL:4010
Hello,
I am a beginner trader and bought 4010 at 23.54 SAR based on below. Only using the basic technical analysis till now as i'm still learning.
1- Structure broken (Resistance broken 8-Jun-20)
2- High volume and Bullish engulfing candle recently
3- EMA(50) overlapping EMA(200)
Target is short term trade and will close if reaches around 28SAR.
Appreciate your feedback, tips or corrections in my approach. thanks a lot
NASDAQNasdaq will probably have a retest to the downside before heading back up. A new resistance has been formed and in the new week, we will know how strong the resistance point it.
I thought it would break out and it has wooo!I thought it would break out and it has wooo!
Wasn't sure on which direction at first.
A possible long opportunity. Anticipating a wedge breakout 4HPossible wedge breakout coming and we might see $18.53. I'm bullish on Gold as well
GBPNZD - 4h LongOANDA:GBPNZD Took a Buy on the retest, and having a buy stop, i think it's going to be a bug bullish move. let me know in comments what you guys think? :)
GBPAUD - 4h BuyOANDA:GBPAUD Looking for a big bullish move, let me know in comments what you guys think? :)
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD
Note: (MARKET IS REACTIVE AND NOT PREDICIVE)
From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top.
Price is also at a support zone and we can see a break in support
Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
With this 200 pips can be caught.
Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position
Entries will be initiated using one hour or four hour timeframe.
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Analysis with rectangular trendAnalysis made with rectangular trendline. It respected the 200-level, so it is expected to drop more.
SELL
EP: 69.200 - 69.000
TP1: 68.800
TP2: 68.500
TP: 68.000
SL: 63.350
This is my personal trade and analysis as a beginner. Not a financial advisor.
Hello guys need feedbackHey guys usually with a chart looking like this does it counts as a staggering/crawling indication or a correctional phase?
GBPUSD - 4H Will Go Long After some timeOANDA:GBPUSD will go long but after some time not now, price might come to this purple and white line junction, or starts an uptrend after hitting the white line, it's just my idea, let's see how it goes, if you like the chart and analysis please like, follow and comment. Happy Trading :)
NZDJPY Short on 4HOANDA:NZDJPY NZDJPY seems good to short now, as it's currently on a ranging resistance, with RSI at its peak it gives a good indication it will move downwards, so good for sell
Long EURNZD on 4h & DailyOANDA:EURNZD is currently on a support line, which is a support on 4h as well as on daily time frame, iam hoping price will respect this support line and gets rejected. RSI also on support line which gives me more confidence that it will move upwards from here on and if it does i will take intermediate profits and keep moving my stop loss securing profits
Short AUDCHF on 4H If price breaks below 0.63379OANDA:AUDCHF Looking to sell if price breaks below 0.63379 level, as RSI is also showing weakness in strength so I am hoping it goes down from here onwards. If my prediction gets right, I will be taking intermediate profits and keep moving my stop loss downwards by securing my profits.
Be patient then actThis first has to play out. Daily chart so you should already know is long term and Im not entering off of no daily chart but the daily chart gives the bigger picture of first red candle closing under both major moving averages the 50 and 20. Find entry from here looks to be best once it tests that moving average again about 80 pips above. Once confirmation of rejection is found order goes in and stop loss to next zone above . Small lot size to begin this which will allow me to have let it play out and have a greater worst case scenario.
Im not going to play the buy here I am just going to wait.
updates on this trade can be found on IG @hillarmy
For now like and comment views I always enjoy that.
