Shorting GBPJPY pair which bouncing from big resistance and broke the trendline which makes me act very bearish now. My TP will be placed at 38% of Fibonacci retracement around 151.60. SL placing above the red resistance line near 153.60
NZDJPY is approaching sell entry at 76.516 which is in line with horizontal pullback support, 38.2% Fibonacci retracement and 61.8% Fibonacci extension . Should price break this level, we can expect price to plunge further and take support at the horizontal swing low support at 75.7680 in line with 78.6% FIbonacci retracement and 100% Fibonacci extension . Our...
Lookin for 60 plus pips today. Gonna let this one ride until tomorrow. No stimulus and the DOW JONES will fall which will bring DXY up and EUR down. I have a bigger STOP LOSS for a bigger goal. I will put a rolling STOP in about 10-12 PIPS behind depending on volatility.
Daily Chart Explanation: - Price broke the Ascending Channel in which it was in since 2017. - Price may have potential to go down towards the Support Zones. Weekly Vision: However, we found out that the Weekly Ascending Trendline have not been broken yet. That why we are waiting for a confirmation before taking long term positions. UPDATES COMING SOON!
AUDUSD H4, Short at 0.71540 , Wait for the confirmation. SL & TP are mentioned in the chart. Disclaimer: I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
LTCUSD is approaching our first resistance at 31.30 (horizontal overlap resistance, 61.8% Fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 27.25 (100% Fibonacci extension). A break below our intermediate support level might provide the bearish acceleration to our major support target....
Hi guys ! Before a new week, this is an analysis on GBP/AUD (H4). The MACD and RSI are looking very good for a pump in the next week. There is a resistance around 1.8285, if this resistance is broke, the GBPAUD can reach 1.84685. This is a short idea, be careful ! Thanks for your time. Anthony
EURCHF has bounced off its major resistance at 1.1567 (61.8%, Fibonacci extension , horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to the next support level at 1.1483 (76.4% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ). Stochastic (55,5,3) is approaching major resistance at...