Priceactiontrading
XAUUSD, Daily trendline and MA-200 supportHello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest 1832-1835 area.
Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)
Use only 1-2% risk
Good luck
CHFJPY on dailyOANDA:CHFJPY
Hey guys
So about CHFJPY we see that in long term it's moving in an ascending channel
- now we are in the top of channel and as we expected price touched there and started falling
+ there's a bearish head and shoulders pattern in 4h which makes price to keep falling more .
the support zones in front of us are :
122.550
121.200
120.620
what's your opinion guys ?? mention it in comments !
GBPJPY, 4HR TF, one more push for wave-5Hello my friends,
It has been long since my last post in tradingview.
I think we might see one more push to the upside for GBPJPY as price currently sitting on support.
Assuming this downward movement is wave-4, we could see price push towards 159.00 area to complete wave-5.
Buy GBPJPY 153.00
Stop loss 152.40
Take profit 159.00 (10R)
Use 1-2% risk only
Good luck
Disclaimer ON
EURNZD: Very Bearish Outlook 🇪🇺🇳🇿
EURNZD retested a daily key resistance again.
After its test, the price formed a head and shoulders pattern
and broke below a support line of a rising channel & a horizontal neckline of h&s.
The price may drop lower now.
Next support - 1.6188
❤️Please, support this idea with like and comment!❤️
GBPCAD: Wedge Breakout & Pullback 🇬🇧 🇨🇦
As I earlier predicted, GBPCAD dropped to a key level.
Now being quite oversold the pair may retrace.
Bullish breakout of a falling wedge pattern indicates a local strength of buyers.
I expect a growth to 1.696 / 1.70
❤️Please, support this idea with like and comment!❤️
AUDUSD >>> ??OANDA:AUDUSD
The trend is still toward up and it's not changed yet , so our plan is to move with trend as long as it's strong .
bullish power is recently decreased and it seems like it's moving in a side trend now ...
But I need to mention that in long term it has recently touched a resistance level !
Anyway in short term and even long term I expect price to go higher .
but for trade we need to wait and take confirmations for entry .
I'd like to explain more about it , but really everything is clear in the chart , if u have any questions about it , mention it in comments please .
good luck guys !