Forexforecast
GBP/USD - Expected to move downYo traders,
This trade looks good to move down.
Based on my previous analysis for US index which shows a bullish forecast, GU seems to be in line with the same and looking to move down.
Price has reached the weekly resistance and has shown rejection (pin bar candle at resistance on daily). In the past we have seen the same rejection at this level.
Lets wait for the trend to break before it moves down
Thanks
Madtradex
AUD/USD - A Flush In DisguiseAs meaningful as it may be, I am certainly wary and adamant of going against the dollar in the long-term.
With that being said, the horizontal support and resistance were filled with emphasis on the candlestick's closing at the > highest tick volume.
Hence, the research inferred me to scale the portfolio into a short-term "Short: AUD/USD" as the range breakout might came to fruition at the expense of a false breakout as AUD/USD proceeds to test the lower range of the support illustrated on the chart attached.
Trade duration: 1 - 2 weeks.
Risk: Low
Cut Loss: A close above the range prior to Friday's market closing would automatically set the cut-loss strategy into fruition.
AUD/USD : BEARISH SIDEWAYS WITH POTENTIAL R/R 1.40 🔔Welcome back Traders, Investors and Community!
Analysis of #AUDUSD
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Strategy: Bearish Sideways Area with potential R/R 1.40
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The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
USD-CAD CHART ANALYSIS (SELL SETUP)USD-CAD presents itself with a potential bearish movement that would probably see a decline of 200+ Pips to our long term support level at 1.29300.
We've seen a First breakout from the trendline within the channel going down 200+ Pips followed by a reversal and price retest on our trend line. I believe we're about to see a similar bearing move.
Trade Safe!
Share your opinions in the chat section below!
GBPUSD Short Trade Setup - Hidden RSI Bearish Divergence It looks like the GPB/USD is going to continue its short term bearish trend. Therefore, I've just taken a short trading position on the currency pair after identifying a bearish RSI divergence trade setup followed by the formation of a price rejection candlestick with a 1:2 risk to reward ratio.
Let's see how this one will play out.
Cheers!
FX:GBPUSD
EURJPYFollowing the present strength of the Japanese Yen (JPY), we expect some little push down and clear the internal liquidity, and then the retrace to clear the the highs and take more others from the order block and then drop massively to the 3rd wave and then more down to complete the 5th wave, we expect our take profit for the drop to be around the min threshold of the bullish order block, and depends on what the market gives, we expect to see a bullish movement from the minthreshold of the bullish ob, because we see our last bearish liquidity at the bullish ob, so after the sell stop (liquidity) is cleared, we expect the buyers to set in
Eur/GBP. Expected to move upYo traders,
My first trade after the elections. Have been out for the last 2 weeks to avoid the uncertainty and volatility.
EG has moved down in downward diagonal/channel and is now rejecting a strong support. Price broke through the 200 EMA but the bias is still up towards the resistance. You can also find divergence on the RSI on the 4HR and 1HR TF and with these multiple confluences gives me confirmation for a movement towards upside. If this works out it would be a good 400 pip move where we can take partial profits as we move up.
Lets wait and watch
Please like and support
Thanks and regards,
Madtradex
CAD JPY SELL SETUP SELL: 80.950
TP1: 79.700
TP2: 77.640
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