Pending
EURUSD Short Trade Idea- H1 RSI overextendedIf this price action moves to the downside inside this channel and breaks this area of support then you should sell the EURUSD.
Pending sell order placed @ 1.10301
The RSI is overextended and we saw divergence occur with the Price Action and the RSI indicator. If this level we identified is broken this upward bullish move may lose its steam and we could see a strong bearish trend take over.
Any questions, feel free to ask!
USDJPY MEDIUM TERM TRADING IDEAUSDJPY - In the begining of April we expecting to drop till 109.00 area and after that after confirmation of uptrend to take off in next 2-3 months to 120.00 area. Trading idea is 70% technical and 30% fundamental. Risk-reward 1:5. There are big probabilites currency pair to get in range for a while in the end of April. Happy trading :)
EURUSD Close below 50EMA (Trade Idea)EUR/USD Short Idea just less than 1h till close of 4H candlestick.
If 4H candle closes below 50EMA
Stop Order 3pips below low of the "Signal Candle"
Stop Loss 5-10 pips above of the "Signal Candle"
TP Previous Swing Low appx 200pips
PS Just and idea wait and see the price moving!
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Quick short and a long afterWe can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545).
I will setup the second one as pending and good until the end of the day as i am not sure what the market will look like tomorrow and the long maybe kind of going too far.