Forexswingtraders
BEARISH ON EURUSDEntry 1.0590
SL 1.0840
TP: Open
Feel the EUR will continue to see further struggle as the energy crisis continues. Let us also be aware that smart money is adding into their short positions. We did see some bullish movements as sentiment changes for the past month or so. However, we are now anticipating a large bearish move as more of a fundamental trend begins. Which you can see a major rejections off major resistance level
BEARISH MOVE ON GBPUSDSold GBPUSD
Entry 1.2020
Sl 1.2180 (160 pips)
Tp 1.0685 (1335 pips)
Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF.
Large institution is in a short position on the pair.
The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being resolved, but in fact are getting worse with their energy prices reaching a new ATH. Until this is addressed properly, I see a continuation to the downside.
EURUSD - LONG TERM VIEWFX:EURUSD is currently trading in a range on weekly and daily basis.
The crucial resistance level is 1.14246.
The next two crucial levels are 1.15924 and 1.17006.
If the trend line and the range breaks, these crucial levels are the next to reach .
The forecast line is being followed from 2016, at 2020, we have seen a big volume when the price reached near to this line again.
Trade Details :
Trade Active: When range, trendline breaks
Entry at or below = 1.14246
Stop Loss = 1.11679 , or the Red Forecast Line
Target 1: 1.15924
Target 2: 1.17006
Trading period: 5-6 weeks or longer
Take your trade only after doing your own analysis and plans.
Happy Trading :)
CAD/CHF SHORT BASIC 123 setupBroken trendline and recent structure!
EMA 200,36, recent structure are acting as a resistance + we got nice rejection candle.
The risk on this trade is small because we are on D1/W1 structure, overall D1 formation looks promising.
It is also a hedge form GBP/JPY and GBP/CHF long.
Nothing fancy isn't it?
Looks like it will be breakeven month :) A lot of ups and downs, pretty harsh!
Talk to you soon,
Marjan
Forex Swing Traders
GBP/NZD MAJOR SUPPORT AREAGBP/NZD formed pretty strong support zone. At these areas you can easily scalp or enter even on a higher timeframes :)
Recently i experienced 7 losing trades in a row and after that NZD/USD short covered all that. By the end of the month i
might show the equity curve of October.
As it looks like i won't be able to share each and every trade, because the frequency is quiet high, so i will try to share
D1 and W1 timeframe mostly.
Marjan Rijavec
Forex Swing Traders
(I am so glad that i don't feel desire to go on a fancy road)