Buyopportunity
GBP/CHF seems like the last days in dipTo analyze the values better let’s look at the weekly chart;
Weekly graph
Downtrending value started in 2007 and still going. GBP has one of the lowest value in last decades. So these times might be a good chance to buy GBP. But for the timing of trade, we have to look closer to the price.
Daily graph & double top/bottom movements
In daily graph, we can see repeating double tops/bottoms again and again (very similar to GBP/USD). In next week or the week after we may complete the second bottom and see a steep upmove which could take us to 1,22-1,29 channel. To confirm this move, we have to see the value breaks the down channel resistance.
Strategy1 (short term) when the price will reach to channel’s resistance;
sell GBP around ~1,2
Target: the second dip ~1,17
Stop loss: just above the resistance of channel
Strategy2 long term when the price will make the second dip;
Buy GBP ~1,17
Target1: ~1,19 (depending on the time of this move) resistance of the channel %1,7
Stop loss: 1,16 support line
Target2: 1,22 resistance line %4,3
Stop loss: if the price tries to return in channel, downtrend channel line
Target3: the big target 1,28 %9,5
Stop loss: 1,215 just below the support/resistance line
These are not trade advises. Just my opinions on the graphs.
BIST 100 Buy Opportunity for short termWhen we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course.
As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August 29 was broken as of today. Similarly, Moving Average seems to have broken the Bollinger middle band upwards. The RSI side also supports output.
Here, the price can throw itself into a new channel (99243 - 99937) by breaking the resistance of 99243. If 99243 is broken, there may be a buying opportunity.
However, it is also necessary to pay attention to the corrections that may take the value back under the green fall band in a possible correction.
Good luck everybody
EURUSD - Buy OpportunityPrice has reached a strong and tested support level on the EURUSD, 4hr timeframe. Two promising Buy signals have appeared also, providing further confirmation. Confident with my buy position entry points, thanks to the indicator signals.
Will update soon as market plays out!
Check out 'related ideas' for info on the indicator.
- The_Lucrative_Lifestyle
Buy NZDJPYNZDJPY broke the Daily resistant (Blue line).
It’s also change the direction from down trend to up trend............
I expect that it will go up.
There is 3 TP label...
After reaching the TP——> 1, close the half of your Lot size... and move stop loss to your entry label.......
And wait for reaching TP —>2 and TP ——> 3.
Good luck