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Forexmentor

USDCHF Daily 10/13/19USDCHF Trade Idea Price action on the weekly timeframe has been stuck within a wide range between 0.94000 and 1.03500 Current price action on the daily timeframe has been steadily bullish and has just broken above a daily resistance level around 0.99000 If we take a look at where price action is we can see it is consolidating in an ascending triangle, this could be an indication that a bullish push is iminent Ideally we would like to see a break of resistance at 0.9987 with a retest, from there we can target our monthly resistance level around 1.0425 which would make for over a 400 pip trade If price action falls from this region we will look for a retest of the daily support which will then be daily resistance and target toward our weekly support around 0.97085
Long
by ForexLeague
NZDUSD Daily 9/30/19NzdUsd Short Idea Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level. Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones) After a confirmed rejection we will target the -27% daily fib level around 0.61075. Our second target will be the weekly -27% fib level around 0.54650 (The green zones) If price continues to drop from the current region we will wait until a bottom is found and a prz level has been hit.
Short
by ForexLeague
Gbpjpy h4 Technical Analysis by The Forex Scalperas indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we can expect a nice h4 bear engulfing keep in mind if we break 138,000 that we have just entered an entry take the new higher low on the first pullback! to avoid a fake out (liquidity grab)
by TheForexScalper
1
Possible AUD/CAD Short Position!! By Ben WrightSMP Trading SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top B – Beliefs Market will meet resistance @0.946 level and fall to the @0.94 level. In order to enter, the pair needs to be rejected by the Bollinger Band line FX:AUDCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 0.94 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Tier 1 Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
How to find extremely strong and accurate levels (Must Read!!).I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply and demand are perhaps the single most important concepts in any form of trading. You can easily find these levels if you accurately use past price data (candlesticks) as a reference point to current levels that may or may not break to find the best place to place entries and stop loss. Trading support and resistance levels are so abundant that you can go all the way back to 2010 and pick ANYWHERE to plot lines only to find out that they formed a perfect support or resistance level in the current times of 2018! This is the number reason why it's important to use the most current S&R levels as a reference point to where price is most likely to break through or bounce off. This is from my tradingview. (www.tradingview.com)
Education
by ElieTheForexTraitor
looking to short #USDCAD if some criterias are being metUSDCAD which has been on a downtrend had broken our weekly support key zone now turned resistance, retraces coming back to retest, gives us a double top inline with our ema, rejection at 781 fib level, we will wait for it to break our ctl before looking to go short, but there are a lot of confluences inline already to make us consider going short. Knowing how to plot these key levels, knowing how to use your fib properly is key too.
Short
by chivo4all
WHY I AM GOING SHORT ON GBPCHFI have been watching gbpchf for a while now, going in depth to the technical analysis , you will notice that a very strong trend line on the daily candle has been broken, after giving us a reversal head/ shoulder pattern inline with my monthly support region. This rejection and reversal pattern here tells me there is bound to be a reversal, looking at the daily candle, you will see a bearish marubozu candle after it breaks below the daily trendline, we will now step to the lower timeframe in search of our entry point using the ema, candles stick formation for confirmation. Join my private group to know how to make this entries using the ema i use and also how to properly analyse any market and make good profit out of it, also join my free telegram channel via the link below t.me
Short
by chivo4all