GBPUSD - DAY TRADE VIEWGBPUSD - On hourly candles & chart it's approaching a stiff resistance zone , it should drag down from current price.
Go sell here at 1.32450
Maintain stop loss around 1.33450
Potential downside target 1.31400- 1.30500
Trade as per your risk appetite, I will be glad to see your likes & comment.
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Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
Fxsignals
GBPJPY - DAY TRADE VIEWGBPJPY - Momentum is in favour of buyers & as per the trend analysis, indicators it's a good buy.
My approach will be a buy here at current price 136.240
Maintain stop loss around 135.500
Potential upside 137.250 - 137.750
Trade as per your risk appetite, I will be glad to see your likes & comment.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
EURUSD - DAY TRADE VIEWEURUSD - Currently trading in a positive territory but marginal pressures are there on higher levels,
My approach should be a SELL with small STOP LOSS for a potential downside move.
Currently trading at 1.18930 find a selling opportunity
Maintain Stop loss around 1.19700
Potential downside level 1.17250
Follow the levels properly as mentioned and use proper risk management.
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
EUR/USD I 10.30.2020 IHi everyone,
EUR/USD is back under pressure again and there are many reasons to be bearish on this pair:
1- Resurgence of Covid-19 cases across Europe.
2- Major European countries closing their borders and in lock down again like Germany,France and Spain.
3- ECB's dovish tone back in play.
4- Lagarde signaling of a probable move in December.
5- GDP and some other good US data attracting investors towards the USD again.
Technical picture:
1- The EUR/USD at one month low, putting the swing low at 1.161 at risk.
2- Trading below 50,20 Day SMA.
3- 1.1640-50 is a critical support : 100 day SMA, 20 week SMA, 123.6% Fibo level.
4- Next target to the downside is the 1.1610 figure.
USDCAD - DAY TRADE VIEWUSDCAD - Looking good on technical chart for a positive momentum, Trying to reverse from the support zone .
My approach will be a buy here at current price 1.31330
Maintain stop loss around 1.31050
Potential upside target 1.32050
Trade as per your risk appetite, I will be glad to see your likes & comment.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
EURUSD Trade Signal: The Presidential DebatePresident Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets.
EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing).
The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above.
The signal strategy s intentionally kept simple.
Two NZD Pairs I am Long OnRight now looking at the AUDNZD and GBPNZD pairs, I am actually bullish for an entry. I think that the AUDNZD pair is at a dip, and continued support levels could be picked up for the GBPNZD pairs. The sentiment also seems positive. That being said, do your own due diligence and invest at your own risk. Keep in mind, everything I say is on an opinion based basis not meant to warrant actionable financial advice.
EURUSD FX Signal: Can it Trade Higher?EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections the polls may begin affecting USD as we near November. There has been a 4hr breakout in EURUSD as seen on the chart. As the currency pair was held in a range for some time it may pave the way for further gains.as
The potential target is around 1.2040.
As this is a 4hr chart it may take some time as opposed to a similar technical setup on a 15min chart for example. It should not take more than 48 hours.
The breakout may remain valid as long as EURUSD does not post a 4hr close above 1.1950.
GBPCHF H4 - Short SetupGBPCHF H4 - No real market movement from when we posted earlier, few wicks upside and downside but generally still hugging that 2.00 handle, waiting to see if we reject and selloff back to support or break and retest. Not sure how much the GBP has left in the tank, CHF didn't move too much after todays antics either.
GOLD - DAY TRADE VIEW.GOLD - Currently in a no trading zone from 1938 to 1947
Approach should be wait for the breakout on either side.
If buy triggers above 1947, Stop loss should be 1938 for Potential up move 1954 - 1968
If sell triggers below 1938, Stop loss should be 1947 for potential downside 1925
Buy as per the level mentioned in the chart or I have written it here for your better understanding as well.
Traders, If you liked this idea, hit the like button and write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks for your better understanding
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
This was Recently Oversold: USDCNH LongCurrently for a forex pair, I am actually long on the USDCNH. Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
GOLD - DAY TRADE VIEW.GOLD - It's trading on a verge of triangular corner,
Hopefully we can see some up move in the next few hours,
It's strongly holding the support zone.
Minor stop loss is there for 100 pips take lots as per your risk taking capacity.
Follow the levels as mentioned in the chart.
Traders, if you liked this idea, hit the like button and write in the comment section.
Thanks !!