GBPUSD > The Best Levels for A Buy or A Sell..Analysis of #GBPUSD
Last week I posted an idea on GBPUSD, it was head and shoulders, and indeed it went as I expected and broke out to the upside by more than 200 pips.
now as you can see on my chart, i see we are reaching to structure resistance zone also trendline resistance, where I will look for a selling opportunity.
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Chartpaterns
Bull Flag trading Long GoldAll information is on the Chart.
Gold chart is found on a descending channel and a Bull Flag has formed. Bull Flags are measured moves.
Entry: 1717
Stop: 1700 (Below the Flag)
Take Profit: 1800
Successful Investing is the ability to manage risk and foresee possible opportunities in the near or further future, prepare ourselves and take the risk when the opportunity presents itself.
Invest safe and Happy trading.
As always, appreciate the like, comments and share.
EURJPY > Beautiful Bullish Harmonic Bat Pattern!Analysis of #EURJPY
EURJPY is forming a beautiful bullish harmonic Bat pattern, might complete near strong demand zone, also strong key support level 137.00.
it will be a good idea to start looking for a buy entry near the completion of this beautiful bullish harmonic bat pattern
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GOLD > On-Demand Analysis for A Small Buy.Analysis of #GOLD
I got many requests from members and followers to do analysis for gold, you can message me here your request too.
the XAUUSD tested its weekly support zone and showed a bullish reaction as expected, still, the move is not convincing a lot of buyers to get in and buy gold, and I am favoring selling strength in this market as I have a fundamental belief that gold should be lower than thee levels.
however, if the market retests the lows near 1680 we can look for a small buy entry at the lower time frame to retest 1700-1720, and not more than that
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EURAUD > Detailed Trading Plan For Buy and Sell.Analysis of #EURAUD
Simple broken trendline setup, for sell entry, if market retraced back to test trendline also resistance level, we can look for a sell if the rules are met.
if the market continues down from here, we can expect a retest of the lows, which is also a good spot to look for a buy entry if the rules are met.
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A cup pattern in the ADA chart
How interesting
In most charts we see a pattern.
We take a short position by observing the loss limit according to the rule of classical patterns.
And we sit and drink a tea or coffee while waiting to reach the target.
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What do you think??
Short or Long ??
flw me
AUD/NZD in profit trade idea updateAUD/NZD Fundamental, Technical, and Signal ( NZD fundamentals and events, click link )
*AUD events will be the drivers during trade.
AUD Previous Important Economic Events:
- Consumer Confidence and Confidence Change ( Both actuals below forecast and previous supporting consumers low enthusiasm to spend in the future. )
- Business Confidence ( Below forecast and previous supporting businesses expectations of higher earnings )
- Unemployment Rate ( Lower than forecast and previous. Employment increase due to higher cost of living outweighing income, credit and savings accounts )
AUD Upcoming Important Economic Events:
- S&P Global Manufacturing and Services PMI Flash ( Manufacturing Forecast 56—.2 lower than previous — Services Forecast 52.3—.3 lower than previous. )
- Year over Year Inflation Rate ( Forecast 6.2%, 1.1% higher than previous. )
- Quarter over Quarter inflation rate ( 1.8%, .3% lower than previous. Short term inflation is cooling )
- Month over Month Retail Sales ( .9% previous )
- Quarter over Quarter PPI ( 1.6% previous )
Sentiment: Neutral
- Consumers and businesses are losing faith in spending and growth ( both result from higher prices for goods and services. Depleting credit, checking, savings accounts and income resources causing consumers to apply for jobs to earn additional income increasing AUD employment numbers. The RBA addressing inflation with hawkish interest rate hikes, lowering short term QoQ Inflation rates.
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Technical Analysis ( Click link for more signals )
AUDUSD > The Best Places to Consider a Sell Entry!Analysis of #AUDUSD
the AUDUSD might be on its way to completing a rare Cypher pattern, which could complete near the strong structure support zone.
if the Cypher pattern is completed. I will consider looking for a sell entry, it all depends on how the market will reach my entry point.
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EURUSD > A Possible Bearish Entry Soon!!Analysis of #EURUSD
EURUSD might soon reach its trendline resistance level, also previous support has now become a resistance level.
watch market reaction at structure resistance level, for a possible sell entry if the rules for entry are met.
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AUD/NZD *Additional Positions in ProfitsSell Limit: 1.11000 - 1.10900
Take Profits: 1.10400 - 1.10000
Risk/Reward Ratio: 2
Careful trading. Only trade ideas to assist you in your journey. Leave comments, message me for specific currency pairs, cryptocurrency, stocks, and global indices.
CLICK LINK FOR 4HR ANALYSIS.
Double top pattern on GoldHello traders, as you can see Gold printed a double top pattern witch is usually a reversal sign , it tells the end of a trend. However it is not good to make conclusions too quickly. The pattern is not confirmed until we see a truthfully breakout of the actual support.
The most likely thing to happen it is to hold it and bounce back again.
In conclusion:
If the price holds the support i will open a long position with target 2000$
If the price breaks down the pattern will be confirmed and i will open a short in the retest of the broken support (1700$-1680$) with target 1470$
I will be glad to see what do you think in the comments and if you agree with me push the like button.
EURUSD Possible long positionOn the EURUSD chart 4h and 1h, there is a inverse head and shoulder pattern formation. This signals a change in the current short trend, the price level couldn't break the level set on the head of the head and shoulder pattern.
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GBPNZD > The Perfect Place for A Buy Entry.Analysis of #GBPNZD
Similar to my GBPAUD analysis here we have GBPNZD also still respects its trendline support and resistance.
I am watching for a possible buy entry if the market drops to the trendline support and shows a bullish reaction on the lower time frame
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