Stand down, for now!Hope u had a profitable week fellas.
For the next week it'll be my bias for EURUSD.
I'm still expecting some decreasing in price even not so as easy as today.
Then check if the arrows in above charts work or let us down.
Watch NFP news btw (although I don't mind them much.)
Have a relaxing weekend y'al.
Peace !
Forex_signals
Check the status GBPJPYDescription :
After hitting the roof, a long wedge has formed a downtrend channel and has relatively good support, and if it touches its downtrend line again, it is expected to touch its downtrend again. If this downtrend continues, it is likely that To accompany the price for 2 years of wedge floor.
Check the status of EURUSDDescription :
As we can see, it is in a descending wedge
It has completely reached the roof of the wedge, we have to wait to see if it breaks the wedge or not
If he breaks the wedge to increase his resistance, if he fails to defeat the wedge, he is likely to return to his support and test several consecutive attempts to break the wedge, and after touching the support, he may lose his support and the wedge floor Touch now we have to monitor the situation and make a decision.
Formed a bullish flag
Description :
Hello guys, as you can see, an ascending flag has been formed, which is quite clear. After the sharp and sharp growth of the price, it has entered a downward channel and formed a rectangle of the flag, and a small ascending trend line can be observed, which if maintained and not lost. Gently go to the roof of the channel and then break the roof of the channel and see another Sharpe ascent according to this pattern.
Start the uptrend
Description
As you can see, it is between support and resistance and has formed an ascending channel to touch the resistance and is currently at the bottom of the ascending channel.
If we take a closer look, it has broken a bearish wedge, which is also a sign of rising prices, and is expected to touch its resistance in the next few days.
In an ascending channel
Description
As you can see, it is in an ascending channel and by hitting the bottom of the canal, it provides the possibility of re-ascending to the ceiling of the Channel. Can be seen
We have to wait to see if we will climb after hitting the bottom of the channel Or losing the trend line.
** EURGBP ** long trade currently open, will we see a TP hit....Good evening, an update for you all on today trades.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Check the status AUDJPYAs you can see, it is in an uptrend channel, according to the ADX indicator, there is no dominant trend in the market, and the Stochastic RSI oscillator is not yet in the extreme sales range.
If we define a good time to take a long position, it is the time when we are at the bottom of the canal and in the Stochastic RSI oscillator, it will deliver to a Golden Cross, and we must wait until then.
Check the status USDCHF
As you can see, he lost a support and is likely to return to his trend line, and now he has a return to regain his lost support. If he can not get back his lost support, the probability of returning to the trend line is doubled. Despite this strong resistance, there is a possibility that the trend line will be lost, but if the trend line maintains itself, it will return to the lost support.
continuous strength in Gold?gold has broken its monthly zone to the upside meaning that buyers have won the battle and we could see a move to the upside to our next zone of sell pressure. fundamentals are also to the upside on gold and have been for the past week but we was waiting for price to break its monthly zone before we would look for a quick in quick out to the upside. what we will be waiting for now after this break to the upside is a minor exhaustion back to our monthly zone where we will wait for our entry confirmation to be met to place a trade with our targets outlines here.
Temporary reduction of pricesTemporary reduction of prices
In general, as you can see, it is in a long-term uptrend channel and has not been able to cross its resistance with several consecutive attempts, and is expected to fall to the bottom of the channel if it loses its uptrend line. It will be, and if it can overcome its resistance, it is expected to climb to the top of the channel. In general, the price is more likely to decrease to the bottom of the channel.
Because according to the stochastic oscillator, a descent occurred, which indicates a short-term death cross in price.