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Forex_signals

why do we wait for a break of a zone? why do we always wait for price to break zones before placing our trades? because we know that we have multiple levels of buy and sell pressure in that zone so we have to wait for buyers or sellers to win in order to give us the direction of that currency. so if price breaks our weekly zone to the downside we can say that sellers have the power and then we can look for trades to our next zones of buy pressure. in the zones there will be lots of buy and sell limit orders as its a historical level, we don't want to place our trades in that area as normal market movements will more than likely stop us out so we like to put the odds in our favour and wait for the break and price action confirmation before placing our trades.
by Trade_Rocket_Investments
GBPUSD review The prevailing trend is upward and compared to past and old data is much lower than its real value and can be expected to continue to climb, but the dollar index must also be examined. Supports and resistances have already been drawn to which reactions are very clear and moving in a long-term uptrend channel. After dealing with the support, it will probably touch the resistance again, and if the resistance breaks and stabilizes above it, it is time for the pullback to take the position.
by Therezavni
2
Good pound positionsHello guys As you can see it has reached a minor resistance to which it is apparently reacting But we have to wait to see if it breaks the resistance and stabilizes above it, or if it wants to return to support, and we can also look at the dollar index. If the resistance is broken and it is proven above it, a good position can be taken with its pullback, and also if the support returns, a good position can be obtained. Overall, the pound is up because the market is lower than in previous data.
by Therezavni
AUDUSD reviewDescription : If we examine the medium-term situation: Consisting of a 6-month uptrend line and a strong resistance against which we see strong price reactions in the daily time frame, this line is likely to maintain the price trend and touch the resistance and return because the dollar index is also near its bottom. And it is likely that at that time the dollar will start to rise and return. However, the short-term situation can be expected to fluctuate in the small channel that has been formed, but it also has resistance to which the price is likely to react, but it will probably be overcome by an upward trend.
by Therezavni
GBPJPY - LONG over the past week we have seen the GBP gain strength as the country continues to open and optimism floods the market, however we have seen continued weakness in the JPY so that's why we are looking for a long on GBP/JPY. What we will need to see is either a full and complete exhaustion back to our daily zone (red zone) or a break of lower timeframe sell pressure to look for minor exhaustion and entry confirmation also. this pair is on our watchlist and will be watching it closely.
Long
by Trade_Rocket_Investments
Start climbingHello guys We have been waiting for the defeat of the resistance for a long time, and now it is apparently broken and plays the role of support It is only very important that it is fixed on top It is located in a long-term uptrend channel, which apparently tends to start an uptrend after hitting the bottom of the channel, but it will be very difficult for it to touch the channel ceiling because it has a strong and long-term resistance with many collisions, but now We have to see if it can maintain itself above the newly broken resistance.
Long
by Therezavni
1
Probability of price rise As you can see, a downward trend line has been formed that seems to be very strong. It has now reached a support that we think is strong enough that it will not break easily because its touch points are high. We are currently witnessing a strong compression. If this compression is broken, we will see a strong downward or upward movement. If support is maintained, we may see the price approach the trend line, but if it breaks, we may have to wait for the next support.
Long
by Therezavni