Forexpositive
EURUSD AT DECISIVE SUPPORTEURUSD AT A DECISIVE SUPPORT
EURUSD started creating a swing lower lows from failing to break a resistance point at 1.21776 price level. This gave about 3 swing lower lows and bounce back from a support price level at 1.20786.
This had a bullish trend towards 1.21664 price level and fell back towards a decisive price zone. If it doesn't break it's previous downtrend at 1.20955 and we see and upward movement above 1.21168 open a short buy towards the Daily resistance.
Further movement in a bullish movement would be towards it previous high 1.21664, although price would react at for a short move at 1.21555, if no breakout, price would continue it's upward movement.
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GBPUSD - Short First and then Long for more PIPS📍 10+ years experience in markets
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⏳ 1 Day Chart analysis
Looking to sell at 1.3483
Resistance located at 1.3483
Major Resistance located at 1.3515
Major falling trend is broken
Although - the trend is bullish overall
A correction is possible with plenty of room to move lowed without impacting the trend higher - ]
Looking to sell at rallies
KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account
Tagged Short as I expect short first then long after confirmation
📒 Retracement to support area
± 1.3310 fresh demand zone
± 1.3483 fresh supply zone
📒 Analysis / Trade Setup / Long and then short
± GBPUSD 1 day chart
± Short-term Bearish # Long term-Bullish
± Support and Resistance in play
± Major Falling broken and heading toward resistance area
± Bullish trend reversal
± Testing to towards to support area is needed to confirm the bullish trend
± Go long for more pips
± HAPPY TRADING
Short Target - 1.3310
Long Target - 1.36997
AUD/JPY Expecting a move up in Short term for correctionYo Traders,
AJ absolutely slid last week and the resistance did not hold as i expected.
If you see on the multiple TF analysis, the daily TF is now at the 200 EMA. If this holds we will be in a correction for the last swing approx in between the 61.8% and 50% FIB level on 4H TF. The RSI is also presently in the oversold range.
Lets wait and watch how the price moves.
Thanks
Madtradex
Euro/Swiss Expected to go longYo traders,
Another perfect setup for Euro.
EC has formed a perfect triangle pattern on the 4H TF.
Defined ABCDE (denoted by the arrows) points have been marked on the triangle and based on that i am expecting the price to move up with TP at Resistance.
Lets wait and watch
Thanks
Madtradex