Forexpositive
GBP/USD - BUY - 1.39000 - TAKE PROFIT 1.41500@brunowb2 @trader_forex_b2
GBP/USD - BUY - 1.39000
TAKE PROFIT - 1.41500
STOP LOSS - 1.37500
LONG - KEEP 15/03/2018.
#FOREXBR - #FOREXBRASIL
EURUSD Triple TopWe missed a short-selling opportunity / entry after seeing the top resistance level reject price for the 3rd time, forming a triple top.
According to Encyclopedia of Stock Charts, the Triple Top has a 77.59% success rate (to reach green box)
We are looking for a bounce inside that green box / supply zone / strong support, where we will open a long to top of triple top.
There is another opportunity, which is trading the resistance breakout and riding the inverse head & shoulders from head to neckline (breakout level).
CADCHF Falling Wedge ReversalFalling Wedge formed from Feb 1st to Feb 20, testing the bottom 3-4 times and the top 5-6 times, proving validity.
Buying breakout of orange resistance level.
Falling Wedge
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
Bullish confirmation of the pattern does not come until the resistance line is broken in convincing fashion. It is sometimes prudent to wait for a break above the previous reaction high for further confirmation. Once resistance is broken, there can sometimes be a correction to test the newfound support level.
While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure.
from: stockcharts.com
EURUSD EUR USD spot 1.1476-80, there is clearly indicating in weekly chart market is forming triple bottom, and market 1.1450 after forming series of lower high, neckline at 1.1450-52, market tested this 2 times now it's highly expected it's break strongly ( not the false break) and again test 1.1450, then will higher up to the minimum objective 1.2450, almost 1000 Pips.---INFI FOREX SERVICES----AAYUSH JALHOTRA-----+91-8459522210
Gold Sell Trading Downside Target 1260.00The Gold has been trading downwards $ 1268 level. The price tested the level of $1,265.50. According to the 4H time frame, I found hidden bearish divergence and broken trendlines in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set at the price of $1,260.00.
Fx: AudusdHello fellow traders,
I would like to introduce you my idea of the following actions in AUDUSD pair. It looks like a top has been formed and now we do have lower lows and lower highs. According to Dow theory in order to get a down trend we should have lower lows and lower highs, so this is the case. Also, it has been 2 months with some time of rising zigs ABC X ABC. It would be a very nice to see some decent fall. Who knows maybe Australia will surprise us with another rate cut or FED will step in. Either way it would be a nice gift.
Forex Trading Signal - Buy CAD/JPYThe CAD/JPY is still trading in very low levels. An upside reversal and the begining of a new trend is expected in this case. Price target is at 85.12
My Top Forex Trading Signal - Buy EUR/CHFEUR/CHF hasn't fullfiled its upside potential yet. After the recent correction, the pair is poised for an upside move. Price Target is the resistance of 1.1120.
$AUDUSD for the week 1-5 Aug Part 2Markets has done what i predicted, not because im smart, but because, markets tends to respect some support & resistance, fib levels, pivot points etc...
So now, im short in the trade, waiting what the market will do. The Take profit and Stop loss are too big for getting out either with a win or a loss for today. But there is also some important news today, so maybe we have a huge move, be carefull with these news.
