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Continuation

EURAUD 1.61905 -0.2% SHORT IDEAGood Day Everyone Here's a look at the EURAUD pair from the 4H perspective the pair is still trading within the descending channel respecting this channel thus far we saw a continuation of the downtrend on close in the last week looking for continuation of this move on the pair targeting resistance level 1.61044 lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET - 1.61044 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
CADJPY 79.311 +0.08 LONG IDEAGood Day Everyone Here's a long idea on the CADJPY pair from the 4H chart looking for continuation to the upside as we just broke out of a descending channel pushed up now consolidating inside a symmetrical triangle structure looking for a break above the structure which will signal continuation to the upside. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET - 80.042 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
USDCHF 0.94421 - 0.11 % SHORT IDEAGood Day Everyone Here's a look at the USDCHF pair from the 4H chart we broke out of a symmetrical triangle structure pushed up for a retest of this structure and we see a momentum shift to the downside gaining at the moment or upon close this pat week, looking for continuation of this move to the down side on the pair. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
GBPUSD 1.25461 +0.45% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE GBPUSD PAIR.. > DAILYFX MARKET SENTIMENT ANALYSIS: Trader confidence is high on hopes of a swift and strong economic recovery after the damage caused by the coronavirus pandemic. However, they may have underestimated the importance of the turmoil on US streets and ongoing US-China trade tensions. > GBP/USD is heading for its fifth consecutive session of gains, breaking convincingly above the 1.25 level, reaching its highest level since May 1 and rising above the resistance line of a symmetrical triangle chart pattern in place since March 19. This all implies further gains for the pair despite the turmoil in the US and the ongoing tensions between the US and China. www.dailyfx.com RISK-MANAGEMENT FOLLOW YOUR ENTRY RULES PERIOD - SWING
Long
by PULEMokhothu
USOIL 40.35 -0.58% MULTI TIME-FRAME IDEAGood Day Everyone Here's a look at the USOIL from multiple time-frames MONTHLY * as we start with the monthly the usoil has been respecting the Fibonacci retracement structure thus far currently trading at 61.8% Fibonacci level looking for a rejection of this level then continuation to the upside but it looks like the bull are in play as momentum to the upside was strong so the USOIL could still just continue rallying up but everything is possible as fundamental outlooks can change the whole spectrum. WEEKLY * coming down to the weekly we start getting a clearer picture where by we are currently trading in a ascending triangle structure / pennant formation which could be signalling continuation to the upside or even reversal depending on the fundamental data and investors sentiments on the USOIL, A BREAK below structure will signal that rejection move and a break above momentum continues to push with the bulls. DAILY * On the daily the sentiment is still more or less the same as on other time frames the picture just becomes clearer as we are in an ascending channel with an ascending triangle. oil could go either way hence i"ll remain neutral and see how it goes. waiting on oil. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:USOIL
by PULEMokhothu
CADCHF waiting for a trigger to buyon H4: CADCHF is overall bullish trading inside these two blue trendlines so we will be looking for objective buy setups on lower timeframes unless price breaks below our green support aggressively then we will sell this one long-term (if we have three confluences) on H1: CADCHF formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy this one.
Long
by TheSignalyst
USDCAD Sell from this correctionHi traders: USDCAD looks very good for short opportunities. Higher time frame analysis is short in the long run. We see USDCAD has a strong bearish move since end of May, and a larger continuation correction has formed, giving us extra confluence for a bearish momentum. Price failed to break higher than the recent double tops, and formed a small correction before the short drop. We can now expect the price to form continuation correction here and sell to the recent lows. I will wait for this smaller correction on the lower time frame to complete before enter. Thank you
Short
by jojofang0901
AUDUSD 0.68650 0.01% LONG IDEA Good DAY Everyone Here's an idea on the AUDUSD pair currently trading in a symmetrical triangle seems the structures holds and the bulls are coming into play as we are looking for longs on the pair significant move to the upside would signal a possible break above the structure so looking to hold long entry swing for the week targeting resistance level 0.70446 ____________________________________________________________________________________________________________________________ ENTRY AND SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 0.69347 TARGET 2 - 0.70446 ____________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
GBPJPY 132.227 +0.03 % SHORT IDEA Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the ascending channel on the 4 hourly chart corrected a bit for a retest of the descending channel should the structure hold looking for short positions in the pair should the bulls come into play and we see significant moves to the upside the trading plan will change for now looking for short positions in the pair targeting 128.000 _____________________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - SWING TARGET 1 - 130.000 TARGET 2 - 128.000 ____________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
EURJPY 120.703 - 0.55% LONG IDEAGood Day Everyone Here's an idea on the EURJPY pair, we just broke above the descending channel overbought on multiple indicators which may signal a correction or retest of the structure then continuation to the upside. looking for long entries on the pair should everything be satisfied. _____________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - DAY TRADE TARGET1 - 121.098 TARGET2 - 122.098 ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
XAUUSD 1784.29 +0.19% LONG IDEAGood Day Everyone Here's a long idea on XAUUSD, looking for continuation to the upside on gold many anticipate a correction so lets see how it goes with spot Gold. ______________________________________________________________________________________________________________________ RISK-MANAGEMENT ______________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
OANDA:XAUUSDLong
by PULEMokhothu
EUR/USD - 3 POSSIBLE ROUTES | MID-TERM TREND OUTLOOKEUR/USD looking at 3 possible routes for the mid-term. Falling wedge break-out to the upside after breaking key resistance level Falling wedge break-out to the upside after bouncing off lower support level Falling wedge invalidation and continuation to the downside to the next major support level(s) VERDICT: I believe that EUR/USD will be rejected by this key level and the moving average. I will continue to observe the falling wedge and see if it plays out.
Short
by JayanVarsani
EURAUD Bull ContinuationAfter a spike in the bull to a big bear, we can see EURAUD ranging but slowly respecting the overall uptrend, a lot of ranging occurring in the past several days but if the bull can continue and break the upper resistance line again, we could be looking at a bull continuation. Patiently waiting for this to happen before entering for a roughly 2:1 risk reward ratio. A double top did show a pull back previously but this was then rejected at the up trend possibly giving more confirmation of another big bull coming. Some information coming out tonight around midnight could make this trade happen sooner or completely reject the idea totally, will see what the fundamentals have to say. Lets see how this plays out.
by JParry8