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3-Timframes say "If you trade on me will be Miserable for you"Hello! Friends, I came with new research an idea but, before to start talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance. Recent LL at 106.8 will still react as current support is the question? Lower high at 109.4 is not confirmed. If the price falls below 106.8 and create a new low with sharp fall confirm the LH. -------------------------------------------------------------------------- "" DAILY CHART "" -------------------------------------------------------------------------- parallel channel with control price 1 and 2 plotted on the chart. Price is trading middle of the value area. Conclusion about trading until, price dose not test/touch C1 or C2 . -------------------------------------------------------------------------- "" WEEKLY CHART "" -------------------------------------------------------------------------- Flag Pattern Volume change Major Resistance and Support Parallel Channel The current trend is downward .
by Trade-Technique
61
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85 ▪️ Short term momentum is bullish. ▪️ Bespoke support is located at 64.82. ▪️ The trend of higher lows is located at 64.82. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward. Stop: 64.65 Target1: 65.70 Target2: 66.00
Long
by Signal_Centre
DON'T GET FAKED BY NZDUSD!OANDA:NZDUSD Price has broken back into long-term structure. This shows that bears attempted to break price lower and got rejected. Bulls moved price back into structure, indicating a bullish turn of momentum. This is further backed up by price action on the 1D chart This chart shows that the power bulls provided through two candles, takes the bears 5 candle closes to return. This further shows the bulls strength in the market. It's also quite clear that the current bearish push is a lot weaker than the prev one. Well guys, thanks for reading through my analysis! Be sure to keep an eye out! Quick tip: every day is not a trading day, only trade high probability setups. -TheFXAngel 𝗟𝗶𝗸𝗲𝗱 𝘁𝗵𝗲 𝗶𝗱𝗲𝗮? 𝗙𝗼𝗹𝗹𝗼𝘄 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲!
Long
by TheFXAngel
1
AUDJPY Short Trading Idea AUDJPY Trade Idea Short SL: 71.984 ENTRY: 71.881 ENTRY2: 71.733 TP1: 71.612 TP2: 71.413 TP3: 71.102 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
Short
by FXDeskASRW
EURAUD Long Trade Idea EURAUD Trade Idea Long SL: 1.62829 ENTRY: 1.62914 ENTRY2: 1.63024 TP1: 1.63098 TP2: 1.63252 TP3: 1.63502 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
Long
by FXDeskASRW
AUDNZD trade ideaOne good thing about trading Currency, there is always another trade. And at times setups show up in groups of similar patterns across multiple pairs. Longer term chart patterns are much more reliable as patterns to play. First being a longer time frame chart pattern means more trades have been applied to form these pattern, and when they break—the moves are much more sudden and have a greater momentum behind them. All of which attracts new money into the direction or squeezes out those who are on the wrong side of the trade. AUDNZD is just one pair where I have spotted a potential 5 wave Elliott pattern. This pattern usually is a sign of a 3 wave correction that should be coming, In other words a reversal pattern that can be played to a high degree. My chart here is a 4H chart and what I see as the potential 5 wave top seems to be in place. ( it’s really not a top till it has been retested or a new top reset ) Usually in Asia trade or early in European trade after a bigger move in NY trade, a new push to retest the newly tops or bottoms in such wave patterns happen to a higher degree. So for the over night ( my night that is ) I’m going to place a short order close to the marked 5th wave and another a tad bit higher ( in case of a retest or a new top takes place.) I’ll place a 50 pip stop, and will target 1.0440-60 as my first profit target. Al the best in your trades Remember, either you make dust or you eat dust. Plan your trade and trade your plans.
Short
by PipsTradingClub
NZDUSD trade idea Thought I’d poss up some Forex trading snacks! The NZDUSD is coming into a short term risk reward zone and up against a falling channel trend line. I see this as an opportunity to short some mainly because the price action is heading into multiple technical resistance zones and the back story is one of one of the most dovish central banks VS one central bank that is reluctantly becoming dovish. Also set into the mix, with a risk off stance currently entering the markets—the stronger of the two currencies is the USD just on it’s safe haven status. On this 4 hour chart you can see the falling channel and current price action hovering around the upper channel around 0.6450 Using the last daily high price around 0.6470 as a stop zone, which is also above the falling trend line for some more possible added resistance. The pair would need to break what has been a stronger trend of late to invalidate this setup. My target for entry is 0.6440-50 , my targets would be the recent years low around 0.6300-50 Recap; short trade entry 0.6440-50 Stop. 0.6470 Total risk. 20-30 pips Target 0.6300-50 or 100-150 pips Risk reward Better then 1-3 Trade idea is only for education and training. Should you trade any idea the assumption of risk is all yours. In trading you either make dust or you eat dust. Plan your trade and trade you own plan. All the best
Short
by PipsTradingClub
New short order EUR/CAD 4HRThe EUR seems to be losing a bit of steam against the CAD and has given us a short order at 1.4847. Our first profit area will be at 1.4787 where we may take some profit. We have a trailing stop in place at 120 points but that is only in place for if there is a unexpected market event. We will have updated stop orders as the trade progress. After profit 1 we will stay in the trade for as long as the trend is bearish to maximize our profit.
Short
by Tradingthechannel
1