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The pair is consolidatingOn the chart, we observe that the pair has broken through the average level of the ascending channel and is consolidating near this level. The pair went down to the level of 1.3045 from which it has already won back more than 30 points. Given the general upward trend in the pair and the indications of the technical indicators, we believe that the upward movement will continue. Therefore, we advise you to take long positions in the pair and consider the marks near the 1.31 and 1.3150 levels as your goals.
Long
by SuperForex
EUR/AUD Long Position 4H Strategy - V.SimpleThis current LONG order is based off my 4H trend following strategy. I use the 40MA as a support barrier and LONG orders can only be made when 40MA is above 120MA. Trade entered at the end of 4H close (17:00 GMT+1). SL will be move to entry (£0.00 loss if hit) after 4 x 4H candles (16H) if price is above, otherwise I will take the full loss. Second SL move will be move to the bottom of a candle that has crossed back below the 40MA. Profit will be taken if price continues to hit moved SL otherwise the above action will be repeated until SL is hit as shown on previous trade (13/10 10:00 GMT+1) Please follow for education purpose only, Comments are appreciated and can help develop this strategy
by RenkoBuddy
GBP/JPY 13/09/16 ONWARDS 1D CHART / PLEASE READ ANALYSISPlease bare with the clutter on this chart I just have a few ideas floating about for a Bullish move. Last week I felt that price has reached the 1D resistance trend line and needed a retrace (0.618%) before pushing higher. I now feel that 0.5% is the level that price will bounce from. TECHNICAL REASONS: - We have 2 MA's about to cross since BREXIT (20/50) - 13/09 1D candle has tested both MA(20/50) as new support since crossing (Will close as hammer reversal candle). - FIB 0.5% has been tested and found support - ABCD Pattern forming in ascending channel (Not ideal 61.8/1.618) FUNDAMENTAL REASONS: -The fear of BREXIT is growing thinner - (Personal opinion/would like other views on this) The UK data may have be worse than forecast today (13/09) but overall the majority of numbers are as strong as the previous month and still higher than most figures within the last 6months - 2years I will be taking a long position and hopefully hold it to the 143 level. A bullish candle tomorrow (14/09) would strengthen this area as a potential swing point for bullish move to resistance (143.00)
Long
by RenkoBuddy
3
LONG TERM IN EURCHF - D1 - TRIANGLE PATTERN BROKENHI THERE PEOPLE. I WANTED TO SHARE THIS WONDERFULL CHANCE FOR A LONG TERM TRADE. THE FORMATION OF A TRIANGLE PATTERN WAS EVIDENT BUT ALSO IS THE FORMATION OF A FLAG ASWELL. I HAVE DRAWN THE IMPULSE OFTHE FLAG AND IF YOU PROJECT IT TOWARDS TO THE UPTREND YOU WILL SEE YOU HAVE A LONG WAY FOR A TRADE EXACTLY REACHING AN OLD RESISTANCE MARKED IN MY ANALISIS WITH A RECTANGLE AND A BLUE HORIZONTAL LEVEL. I HAVE PUT A BUY LIMIT ORDER IN 1.08840 AND STOPLOSS AT 1.08248 , AND THEN 3 DIFFERENT TARGETS AS SHOWN IN THE CHART. LET'S MAKE MONEY!!!! TELL ME YOUR THOUGHTS ON THIS PLEASE. CARLOS
Long
by ccerezo11