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Forex-currency

Strong Euro buy signal after pullback in uptrend!Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around 1.2197. Then you just put your stop below the wick of the previous day candle at 1.2127. The you shoot for a target of 2:1 risk reward and target resistance for take profit. I think the dollar is going to continue to weaken until the FED says the word Taper! I am a strong believer in the the old saying The Trend is you Friend! What does the tradingview forex community think? Where do you guys think the US Dollar is headed? Enjoy! Trade Well, Clifford
Long
by TradeTheIndex
EURJPY - H4 & DAILY TFWill these even possible? I am selling this in the zone from the H4 timeframe and if you see from this TF, the nearest 3 Drive has created lower low so we could expect for the drop to happen soon. But somehow I am still expecting it to make another higher high before it drop or otherwise. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Short
by Carta_aPau
GBPJPY | LONGS INTO 152.554 AND HIGHER REGIONSGood long opportunities that has been presented on the Pound/Yen the past couple of hours with monitred price action over the past few days, been expecting bullish momentum to pick up for some time now and we finally managed to find a setup to ride the trend up, we have been creating (HH) and (HL) since 150.000. You will see 3 orange horizontal levels, these are the (HL) levels formed, with a intra hour trend-line placed, buy positions were taken off the 3rd touch bounce and 3rd (HL) with the 61.00% fib correction. +120 pips gain on this so far and exiting 152.554 sometime today or later in this week.
Long
by UnknownUnicorn14323489
AUDUSD - BEARISH SETUP ANALYSIS 🔎 - AUDUSD was bounded in the rising wedge (RW) pattern. - A rising wedge pattern is a bearish reversal pattern. - RSI printed a bearish divergence signal (BDS). - The market brokedown below the rising wedge's (RW) support as expected from the bearish confluence. - The market then retraced for a retest of the rising wedge (RW) support and and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of sellers (high selling pressure) at the retest zone. - The retracement is supported by the ascending trendline support (ATS). - Breakdown below the ascending trendline support (ATS) will lead to the formation of the head and shoulders (H&S) pattern. - The head and shoulders (H&S) pattern is a bearish reversal pattern. - Further breakdown below the head and shoulders (H&S) neckline support (NS) will lead to a test of the horizontal support levels (S1, S2). SELL ENTRY ⬇️ - Breakdown below the ascending trendline support (ATS). TARGETS 🎯 - Head and shoulders (H&S) neckline support (NS). - Horizontal support level (S1). - Horizontal support level (S2). SETUP INVALIDATION ❌ - Breakout above the 1.0 fibonacci retracement level.
Short
by Chibuike_Odoh
1
GBPAUD - POTENTIAL BUY ENTRY ANALYSIS 🔎 - GBPAUD printed a falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price action is printing an ascending triangle pattern. - An ascending triangle pattern is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
2