Forex_signals
USDJPYWe have two possibilities
1.Correction then going up from the specified area
2.Correct then break expectation and downward
🤝
Short CHFSGDHi,
This is the only forex pair I trade.
Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar.
The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
EUR/NZD to break Resistance.The EUR/NZD has been fluctuating the last half of the month testing the wedge lines. The latter has been reliable , though the recent bounce can break the Resistance line and the price can form the Wedge Reversal pattern.
EUR/USD 110 pip Horizontal Support and Resistance Set-UpThese support and resistance levels have been proven to be very important in the recent history. You can zoom out to understand how these zones have impacted the price before.
I present a nice short set-up here. After confirmation of the horizontal resistance area , we can go in for a nice trade towards the first level support.
The support level I chose to exit this trade is a relatively quick one. There is much uncertainty in the world right now and with all the news about Minnesota it is not clear what will happen during the weekend.
I suggest to use this weaker level, that under normal circumstances would be very conservative, however in these times I suggest taking more frequent shorter trades.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Be Careful on EUR/USD - Conservative Simple Trade Set-upThese support and resistance levels have been proven to be very important in the recent history. You can zoom out to understand how these zones have impacted the price before.
I present a nice short set-up here. After confirmation of the horizontal resistance area, we can go in for a nice trade towards the first level support.
The support level I chose to exit this trade is a relatively quick one. There is much uncertainty in the world right now and with all the news about Minnesota it is not clear what will happen during the weekend.
I suggest to use this weaker level, that under normal circumstances would be very conservative, however in these times I suggest taking more frequent shorter trades.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
CADCHF H4 BUY1.two bottoms
2.support resistance
3.trendline
4.h4 engulfing candle signal
5.m15 libra
6.butterfly can be targeted.
7.it is not investment advice.
GBP/USD Drop I Trade Pivots with the trend, here is a case where we have a 4 hour pivot and its with my longer term trend down.
USDJPY steaming upwordsAfter my previos analysis for this pair, that projected break up of the falling wedge pattern, we recently had another confirmation of still very bullish momentum.
EURUSDTHE EURUSD IS CURRENTLY FINDING RESISTANCE ON THE 1.08200, WHICH FROM THERE WE MIGHT BE LOOKING AT A FURTHER BUY WITH A CONFIRMATION ON THE 15M CHART
- TP 1 - 1.07889
- TP 2 - 1.07791
RISK MANAGMENT APPLIES
USD CAD short position After the formation of the double top above, and the false breakout that happens at the resistance level . finally the market broke the support level and there is a high probability that the market will go to reach the next support level
