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Highreward

ZEEL - Low RIsk EntryZEEL is trading in a Bullish Channel Pattern for the last 1 year and taking strong Support at the confluence of its Channel Trendline and Horizontal Support Zone. The formation of Doji's for two consecutive weeks shows a strong fight between Buyers and Sellers. If up move starts, we can see a target of 230+ within few weeks with a stop below 170. On Daily timeframe, it has given a Strong Breakout above Resistance Trendline of a Bullish Falling Wedge pattern with Volume and showing strong signs of a Reversal to the short-term Bearish trend.
NSE:ZEELLong
by akshayjade27
FTSE100 - Fresh highs incomingThe FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the level). The next resistance is ~6838, so a break and restest of the 6800 is likely and will be the perfect high probability entry. An aggressive entry would be at open on Monday (I personally will probably take this based on the pinbar with a stop below the low). Target is the psychological level of 7000, which acted as a strong support throughout 2019. High prob: Entry = 6805 when retesting the level Stop = 6735 TP = 6800 R:R = 3 Aggressive: Entry = 6720 Stop = 6642 TP = 6800 R:R = 4 Happy trading:) follow for more of this kind of stuff!
OANDA:UK100GBPLong
by pasojov
2 big potentials looking for EURAUDDuring the last 2 months, we have seen price go in a bearish trend into the 1.56 support range, now we're seeing price repeat a similar bearish downtrend down towards that 1.56 support range. Currently waiting for a retest back downwards and an obvious reversal for my Long entry. (if we see price break support it doesn't mean look for short positions right away, wait for the retest, and find a good reversal for your position, look for TP with past supports)
Long
by Adriansjo
AUDJPY Looks Weak After Strong OpenFX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not the same) to the downside will take place, now also with the potential for buyers to get trapped.
Short
by crawfordpaul
NZDCHF Looks Ready for a SelloffFX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US markets. Note that there a few economic releases for both of these currencies however, they shouldn't have much impact on the exchange rate.
Short
by crawfordpaul
EURUSD - Bullish Flag Pattern - Trend Continuation + MTFAHi Traders! The market is in an Uptrend. Let's begin our Multiple-Timeframe-Analysis with the Daily: The market is clearly in a strong Uptrend. We here have an ascending Parallel Channel. The price is also respecting those other S&R Levels. Great, here is the H4-Timeframe: The market was moving in a consolidation. Then it came back and is now retesting this break. Here comes the important part! Now we have to consider the behavior and the price action of the market during the Retest. What is the market telling us? For Example: The market is breaking down and closes. Then it comes back and closes even above the opening price of the previos candle. (Bullish Engulfing Pattern) This is a sign of Bullish Power, even it did break down at first. Or what about that: The market is making lower highs and comes to the Support. You realizing that this could be a descending Triangle. This is clear bearish Power, because the Traders are willing to sell at lower and lower prices. Is everything understandable so far? If not, write a comment below! Finally, here is the Entry Timeframe: Firstly we have drawn the Fibonacci Retracement Tool. It was falling until the Level between the 50% and the 61.8% Retracement. Then we drawed the channel from the retracement move. We realized that this could be the Bullish Flag Pattern. Even we have a save SL which is far away, the RTR-ration is 1 to 4! And we're trading WITH the trend. We recommend to be careful at the Resistance Level. Thanks and successful Trading :)!
Long
by swissmoneymakers