EURNZD Pullback and Move Up to ResistanceWelcome back! Let me know your thoughts in the comments!
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Channeltrend
long position is EURGBPAccording to the strategy that I use based on it, the overlap of support has been attractively formed in the weekly time. The roof of the channel is also authentically broken.
On the other hand, in the monthly time, the rsi oscillator trend line is also broken, which can be considered as a confirmation.
With all these conditions, it is logical to enter a long position.
AUDCAD it will rise to the middle of the channel
Welcome back! Let me know your thoughts in the comments!
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GBPUSD - LONGConsider the formation of North Impulse from Major Resistance Level. Buy on a false breakout! The target is next Supply Zone.
GBPUSD - LONG
ENTRY PRICE - 1.14450
SL - 1.13700
TP - 1.18000
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
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XAU/USD Rebounds Again!• On the H1 chart, you can see that XAU/USD found support just beneath the downside line of the channel. Only a false breakdown and an upside turn were registered. It tested the S1 (1,706) static resistance (support turned into resistance).
• It has formed a flag pattern in the near term, which is considered a bearish formation. Major uphill challenges are represented by 1,711 and the downtrend line.
• "Keep it Simple", Good Luck!
EURCHF 4 Hr. Intraday Short Set Up!Welcome back! Let me know your thoughts in the comments!
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CADJPY Swing Upwards +100 PipsWelcome back! Let me know your thoughts in the comments!
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EURNZD LONG OVERVIEW AFTER WHAT LOOKS LIKE STOP HUNTINGPrice stayed for awhile tanging around 1.62000. Also 61.8 retracement level which would have induced retail traders to take long swing positions. The fast drop for 3 days looks like it was a STOP HUNTING Party. We are now Looking to trade it SWING LONG to 1.27 Fib Extension. Our Final TP. Taking smaller positions above the channel as we head to 1.27 Fib LEvel.
GBPJPY Intraday SHORT Opportunity Welcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
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NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading