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EURUSD will continue uptrend- Short-term trading suggestion Long term view EURUSD In the monthly timeframe downtrend line is broken. And in the weekly timeframe 1.1610 acted as a valley and supporting area and price is forming a new uptrend. In D1 after we reached 1.2170 price started going down maybe to reach 23% Fibonacci retracement. In the H4 after forming a top @1.2173 and after that a shooting star with a high @1.2162 a downtrend was formed and today the price confirmed it @1.2147. As I see the market in the short term (H1) It seems to me a triangle pattern is forming. We may reach the 23% Fibonacci retracement support level and if we get enough support from buyers, we will expect resumption of the up trend. My trading suggestion is setting pending buy limit orders @1.2040 and target@1.2170
Long
by Josef_anderson
2
EURNZD Long Homerun? Why will I enter?! Daily: Price is approaching a support zone. Stochastic is approaching the bottom of the stochastic. This tells me that price should test support again. Used Fib to track up to 50% of most recent high which near the resistance zone. 4 Hour: Stochastic is at the bottom of the line. This would normally tell me that price should test the support again. However, due to daily stochastic, I feel that price should still fall more before going up. 1 Hour: Stochastic is approaching the bottom of the line. This tells me that price should test the support again. 15 min: Stochastic is approaching the bottom. Tells me that price should test the support again. 5 min: Stochastic is at the bottom. • Set Buy Limit @ 1.76236 If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
Long
by Redimere_91
AUDCAD Long Homerun? Why will I enter?! Daily: Price is approaching a support zone. Stochastic is approaching the bottom of the stochastic. Used Fib to track up to 50% of most recent high which near the resistance zone. 4 Hour: Stochastic is at the top of the line. This tells me that price should test the support again. 1 Hour: Stochastic is approaching the top of the line. This tells me that price should test the support again. 15 min: Stochastic is approaching the bottom. 5 min: Stochastic is at the bottom. However, due to higher time frames, I still expect price to fall further before entry. • Set Buy Limit @ 0.93367 If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
Long
by Redimere_91
Week 40: ZSX 2020 Bullish resumptionWeekly analysis for ZSX2020 Week 40: 28 September to 02 October 2020 After a long rally, market needs to take a breathe before continuing the journey to the North. Your question would be, this time how high the price will be? As a trader, we do not speculate, but we react based on the price movement. Let's put it simply, if there is no Higher High (HH), then we anticipate the price will go lower next week. If there is a HH, then the trend will continue. This week, we wait until the price reach to our last week Take Profit point, that's where we will LONG ZSX2020. My personal trade call: Buy Limit: $991 Stop Loss: $980 Take Profit: $1,020 Risk Rewards Ratio: 2.51R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSX2020Long
by machintose
Whats Next For XRP??I have line plotted at key areas where price has been several times and this one of them. I'm thinking.. A.)Price could go test the line, and shoot back up, and possibly test 40 cent B.) Price could break through the line, and test back down towards 25 cent I'm leaning towards option A to be very honest because price hasn't gone to 40 cent and that's something I see happening first before a major bearish movement happens. What do you guys think? What option do you think is correct? Leave some comments below!
BITSTAMP:XRPUSDLong
by lobfxempire