USDZAR, Sell on H4.USDZAR , Sell on H4.
- = >Tendency: Downward
- - >Below resistance W1
- ->Above support H4 and reversal candle
==> Pullback=> Sell
Forex-trade
AUD/NZD to move up in AprilAfter ECB & FED turn dovish mentioning global slowdown, RBNZ had no option except signalling next move to be rate cut. RBA have already been pretty dovish helping AUD/NZD to touch monthly lows in JAN - MAR. AUD/NZD finally been able to close above daily 20sma, also forms good bullish candle on monthly chart. AUD/NZD seems ready to rally in coming days/weeks. Risk remain RBA meeting on Tuesday if they announce rate cut coming sooner than later, but that will ultimately provide better rate to buy AUD/NZD. Support remain psychological area of 1.04 & 20sma near 1.360. Target to focus are 1.0490 to 1.05(daily cloud & daily 100sma) followed by 1.06 & 1.0650 .
USDCAD SHORT Shorts from a daily supply that is the price is clearly struggling to break. We can also see that there is. Possible double top forming before price finally starts to drop
EURJPY BUYBuy opportunity from our daily demand zone. we could see a double bottom forming and a move to the upside. Spacious SL has been set below the demand zone.
US DOLLAR INDEX BULLISH EL DOLAR A PESAR DE TODO SE SIGUE FORTALENCIENDO, Y SE VE REFLEJADA SU FUERZA SIEMPRE PRIMERO EN EL DXY
ASI QUE TENEMOS ESTE IMPULSO HACIA NIVEL DE FIBONACCI DE 61.8% UN TARGET MUY IMPORTANTE.
CONFIRMADO CON CRUCE DE MEDIAS MOVILES PODEMOS ENTRAR A ESTA OPERACION CON UN BAJO RIESGO DE 3-1
TRADE SET
GL HF
USD/TRY long long longI believe the local election would help to the goverment for next few days and Mr. Albayrak has announced they will show the economic programme in April. But i think that programme will suck cause the Turkey have more serious economical and political problems like unemployment rate is most highest rate before the 2008, the inequality of the Turkish citizens are getting higher. And the biggest problem of Turkey is their growth depend their import products and it cause high number of current deficit. The low TRY would help Turkey to close that deficit. But they have to make reforms which they did in 2002,2003,2004. They should give attention and more care the relationship with USA, Russia and China. President Erdogan has blamed the Jp Morgan for last crash, it doesnt make any sense. If the goverment take reasonable and good positions i would revise my analysis but probably they not and thats my target on TL. Those are just my views not investment advisory.
EURGBP $HORT$price is beginning to gain bearish momentum . no rejection with daily close .. may gap up if it does or i start to see price break my reference areas on this chart will solidify shorts for me for a couple hundred pips potentially especially with GBP strength gaining as well
EURUSD Medium Term 2 Months Ahead Trading Idea 23 Jan '18EURUSD projection for the next 2 months. At downside part of the channel EUR hit big support and activate buyers. Tomorrow is ECB rates decision and probably the European currency will continue to gain. USDJPY need correction to 108.00 levels, that indicates weaker U.S. dollar, not at all of course, but at this moment they are correlative. By Elliot waves in past 3-4 months present formation is really messy by x waves. At least we could expect C wave by 5 impulsive waves.
EURUSD Forex Chart, Trading plan.hey everyone i am beginner at forex. its my next idea. I have to know that. my idea is right or false.
please let me know please.
advance thank you.
AUDUSD HEAD & SHOULDERS BEAR SETUPAUDUSD is forming a Head & Shoulders pattern on the M15.
On break of support + RSI trendline, enter short trade with momentum.
If support holds, there is no trade entry.
GBPNZD DOUBLE TOP SETUPGBPNZD has just indicated a double top formation + RSI bearish cross signal.
We enter short with a healthy risk:reward ratio, with 3 main targets.
As short-term trend is bullish, we only stay short with momentum and exit on bullish price action near the targets.
GBPJPY Idea long retracement back up Fib and Stoch usedMy idea is that the pair will retracement to previous highs. Reward to risk ratio is there for a favourable ratio. SL employed to mitigate risk.
USDCHF - Short idea with tight SL and good reward risk ratioMy idea is that the downward movement will continue, the swiss currency looks to be gaining strength as the US dollar remains weak. Initial TP set at the 0% and it will be moved depending on time. I welcome comments and feedback on my idea.
LONG AWAITED NZDJPY SHORT!Been waiting for NJ to go down for a while now. Indicators showing a possible reversal, important trendline hit and resistance.
Looking at this one closely.
We continue to declineAt the moment, we observe that the pair is updating the annual lows against the backdrop of a stronger reserve currency and the pair has overcome the previously formed support level.
Our technical indicators point to sales and the MACD shows a strong divergence between the MA’s, which may indicate a strong downward momentum. The next psychological level for traders will be the mark of 1.12, which should be the next level of support for our pair.
Therefore, we advise you to look for points for entering short positions and consider your goals at the 1.12 and 1.1160 levels.
GOLD (XAU/USD) - Bullish Breakout SetupGold has just broken above tight consolidation on strong candles. We expect a pullback to retest the breakout point before it continues higher.
Long entry: 1208 - 1209
TP 1: 1215
TP 2: 1222
TP 3: 1238
SL 1: 1204.00
SL 2: 1189.50
SL 3: 1183.00
USDCAD - Bullish BreakoutUSDCAD has broken above a pennant on a strong candle. We expect price to retest breakout/support, and will look to enter long if it holds.
TP 1: 1.30750
TP 2: 1.31000
TP 3: 1.31500
SL: 1.29980
