Forex-trading-signals
EUR/USD bulls losing steam around the 1.1050 levelThe EUR/USD pair is printing its second indecisive candle around the 1.1050 level, with quite long upper wicks.
The pair is trading at a strong daily bearish trendline resistance, a horizontal resistance zone and the 61.8% Fib level, which could signal an end for the current counter-trend price correction and a continuation of the underlying downtrend.
While the Fed remained unclear on future rate cuts, we believe that the US economy is in a way better position then the Eurozone, according to recent macro-fundamental releases.
Would you sell EUR/USD around current levels? Let me know in the comment section.
Copper remains bullish after reaching supportThe daily chart on Copper shows a strong support around the $2.50 level which lies near the 61.8% Fib level.
The price has recently formed a falling channel, with a broke above signaling a potential continuation of the underlying uptrend. The RSI is in a bullish divergence mode.
USDJPY the change of local trend.I will open a short position because the price has approached to the global impulse level and is in a zone of imbalance; in the last trading sessions have been multiple attempts price reversal down; today is a day off on the American sites and means there is no strong counterparty that can soprotivlyatsya movement
EURGBP DOWN CHANNEL PATTERN - MID TERM EURGBP Is In DownChannel Pattern if the market Closing Make Bearish Pin Bar then take sale trade with stop loss above PinBar.
Sale Entry AFter Confirmation of Pin Bar.
1st Target : 0.89324
2st Target : 0.88921
3rd Target : 0.89324
4th Target : 0.88720
5th Target : 0.87363
6th Target : 0.86274
7th Target : 0.84958
8th Target : 0.89324
9th Target : 0.84395
Stop loss: 0.90794
USE LOTE SIZE : 0.01
Risk 100 pips Reward 539 pips
MIDTERM HOLD TRADE IF MARKET CLOSE IN OUR CONFIRMATION
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan