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Bullish Trend Line

EURUSD - Long / Short OpportunityEURUSD - Long / Short Opportunity 1W Timeframe Week Trade #2 This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips. With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level: Phase 1 Tentative: BUY Entry Market Order @ 1.1960 T/P @ 1.2085 Believe price could go as high as 1.2140 but will take T/P at above target and begin setup for SHORT trade. Phase 2 Tentative: SELL Entry Market Order @ 1.2133 T/P @ 1.1976 With a clear break and hold below 1.1915, price could go as low as 1.1817 but will take T/P at above target and establish updated analysis before further trading if any. S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week. R3 1.2075 R2 1.2032 R1 1.1988 S1 1.1901 S2 1.1857 S3 1.1814 Updates / Adjustments / Results will be reflected in updated comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
NZDUSD Long probabilityNZDUSD Long probability > 0.7500 Showing support @ 50% Fib Retracement Level having formed a Hammer. Firm Break and Hold above Weekly Candle @ 0.7300 signals positive probability up to 0.7500 Likely range of interest > 0.7410 to 0.7500 High volatility should be expected w/upcoming Parliamentary Elections Suggested strategy: Wait for clear break & hold above 0.7300 for continuance of Bullish trend. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
EURUSD Levels to WatchEURUSD - Watch levels 4H to 1D/2D Current Consolidation phase near 1.1900 levels Firm break below 1.1860 possible signal to 1.1823, followed by 1.1780 Firm break above 1.1920 possible retest of 1.2000 R3 1.2000 R2 1.1965 R1 1.1920 S1 1.1860 S2 1.1820 S3 1.1785 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
September early week trading ideaHey everyone!!! Happy trading! I hope everyone enjoyed Non-Farm Friday. Here is a short term analysis for the next 2 maybe 3 days for the EURUSD pair. FX:EURUSD 1 HOUR Chart NFP Shook the pair to no doubt take out some stops. The general consensus for August NFP was to reverse, but not many people were expecting the magnitude of the negative report to be as bad as it was. For this, we see extreme levels spiking as well as selloff from people taking profit and setting up for the next batch of US data. After this, the pair found a comfortable point to settle on as people may have closed their positions for the weekend. From this chart, the pair is suited for a short term bullish trade to retest the .38 fib level while also falling in line with the higher timeframe Support trend line. I see a 2:1 profit/risk ratio to the short upside here. FX:EURUSD 15 MIN Chart Further example of what I mentioned earlier. FX:EURUSD "Bigger Picture" 4 HOUR chart For those of you that want to trade the higher timeframes, this is the chart for you. If you see here, the pair (while taking a short bullish trade in the lower timeframes) has room to be bearish in order to find more volatility to retest highs. If you want a more solid entry, wait for the pair to retest the .61 fib and more dependable support level (where blue circles are). Looking for a bounce there, we could easily see bullish activity back to .50 fib and beyond, especially given the renewed tension between US and North Korea.
Long
by pipcentral
CADJPY Sell IdeaD1 - We are after sells as long as there is no invalidation for this bearish plan, which will be the break above last high. H4 - There are multiple false breaks and correction is happening now. We saw a false break of the up trend line also and price got back inside the wedge. A breakout will follow from this zone and if it goes in our direction we will be there to trade it. In summary – here is what we are looking for: breakout, correction and we can look for sells.
Short
by VladimirRibakov
Bottom of a rising channel As requested by one of my Facebook page's followers, I've published a trading analysis for the USDCAD Forex pair. As shown on the graph represented to you, the US Dollar-Canadian Loonie Forex pair has been trading on a rising channel for quite some time. Whenever the prices hit the top/bottom of the rising channel, a substantial fall/rise follows. That being said, it is 'only' ideal to enter a trade for this pair whenever it hits the top or the bottom since the middle of the rising channel is quite messy... a no-man's land.
Long
by bearvsbullmarket