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Forextradingzones

LONG OPPORTUNITY IN AUD/JPYReasons- 1) Weekly & daily trend is up as per 200 ema and ichimoku cloud. 2) Inverse head & shoulders decisively changed the market structure from lower low to higher lows and highs. 3) On faster timeframes, price taking support on previous resistance actint as support showing conviction of the market participants. 4) Successful break & restest of trendline on H4. 5) Buying with small risk and big profit potential. Kindly trade at your own risk. Good Luck 😃
Long
by noobieYETpro
1
LONG OPPORTUNITY IN USD/CHFReasons- 1) Recent downside breakout making the noob traders open short positions. 2) Bank likely to book profits there and creating huge demand. 3) Stop losses of the bears getting triggered will also fuel the rally. 4) Monthly support is far important than daily support. 5) Buying long near the lower Bollinger band itself brings more odds in our favour 6) Bullish divergence on weekly (rsi) 7) Small stop loss and big reward capacity trade. Kindly trade at your own risk. Good Luck ^_^
Long
by noobieYETpro
USDCAD Descending Triangle - Long PositionUSDCAD Long Position Entry: $1.26671 TP & RR: $1.27938 (2.25) Stop Loss: $1.26107 REASONS FOR THE TRADE Clear descending triangle with an increase in buying volume. Not much to say here, it is either going to go up in an explosive move or it will completely break down. I don't feel confident opening a short though. My long is very conservative with a Stop Loss below the recent low. The RR is somewhat decent, but I would definitely not rush to close my position once we are out of the triangle.
Long
by Quant_
LONG OPPORTUNITY IN EUR/JPYReasons- 1) Trading above the 200 ema & Ichimoku cloud on the weekly & daily. 2) Selling came at the weekly resistance but all supply absorbed. 3) Bears trapped and likely to have their stop loss above the recent high. 4) We enter where the bears are having their stop loss so that we can have a small stop loss with high reward potential. 5) Going with the trend makes it easy. 6) Breakout after long consolidation + retest. Kindly trade at your own risk. Good Luck ^_^
Long
by noobieYETpro
2
GOLD -XAUUSD BIG MOVE COMING UP!!!! (My thoughts and analysis)As we wait for the retest of the previous broken structure at 1906.92, the market is reaching the high at 1965.47, then retesting the broken level (1906.92), and the big move to the upside will most likely happen. Am looking on getting in on the retest trade on the daily after resistance has been formed and afterwards join in on the move to the upside to the high (green line) at 2075.92 which may be the next resistance gold may face in 2021.
FX_IDC:XAUUSDLong
by joebakwa7
3
COULD GBPUSD STILL BE GOING UP? Analysis (my thoughts)The market has broken a powerful resistance area at 1.34820, not once, but twice. The first attempt, the bears brought the market down to the trend line and the 2nd attempt, the bulls took the market up and a clean break of the resistance area was seen with a rush up to 1.37000. After this, the market has retested the previous broken level at 1.35690. The initial push up (yellow line without the arrow) may still occur and the market may be headed further up to 1.38015 (the green line) which is the next resistance that this pair may face on the daily chart. Please comment your thoughts on this pair as well.
Long
by joebakwa7
Game Plan #forexDespite taking a hit today I am holding the gbp/usd long position from 1.3454. The breakout trade is still intact for now so no adjustments to be made. A close below the 1.3429 level is where the breakout trade would be a failure and there could be a larger reversal trade back into the range. Net volume hasn't been strong which isn't helping my confidence in the underlying strength of the trend but price always overrules. Hopefully support holds and the currency continues to the upside.
by IngenuityTrading
Game plan for the coming weeks #forexThe eur/aud has broken below its range that has held for 6 months. The trend is still bearish as long as price remains below the 1.6150 area. Above that area we would be looking for a larger reversal trade back into range. I am keeping an eye out for how the net volume behaves. We have broken below the range but the best breakout trades as usually come with expansion in net volume in the direction of the breakout. Right now the net volume is weak so how that behaves along with the price over the coming weeks will determine whether the breakout trade holds or if we will be looking for a reversal
by IngenuityTrading