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EURUSD WEEKEND ANALYSIS! DAILY CHARTGood day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well. Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday. Entry price: 1.11788 (Sell limit) SL: 1.12049 TP: 1.10778 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
AUDJPY WEEKLY ANALYSIS! Daily Chart (SHORT)Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead! For AUDJPY, from daily perspective, bull has been exhausted and bear has dominating the price at the moment. Price has formed a clean lower high and next it would formed a lower low. To have a good risk reward entry, two possible entries are listed as below: 1. Patiently wait for the price to break below 72.5 and a retest. Then, set a sell limit at 72.5. Entry price: 72.5 (Sell limit) SL: 73.855 TP1: 71.62 TP2: 70.20 2. Once price has broke 72.50, set a sell stop at 72.35. Entry price: 72.35 (Sell stop) TP1: 71.62 TP2: 70.20 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
EURUSD SHORT SETUP ON H4 TIMEFRAME! Good day traders! I hope you all have a great trading day ahead! Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge. Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest to EMA 55 which is inline with the price structure. Entry price: 1.1280 SL: 1.1300 TP: 1.1179 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
EURUSD WEEKLY ANALYSIS (SHORT IN 4H!)Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead! Start off with EURUSD analysis, based on weekly chart, price can created a shooting star pattern. From H4 timeframe perspective, price has broken below the previous low (1.1280). As of now, price has broke below EMA55 in H4 timeframe. Therefore, we have all the analysis supported that price would further push to the downside. A correction would be make first and ideally to 1.1280 before a further push to the downside. Entry price: 1.1277 SL: 1.1345 TP 1: 1.1180 (Short term, fibonacci retracement 38.2%) TP 2: 1.1100 (Long term, fibonacci retracement 50%) Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
EURNZD WEEKLY ANALYSIS! (SHORT SETUP ON H4 TIMEFRAME)Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead! From weekly perspective, price has retested the key level which is at 1.7641 and ready to go to the downside. In H4 timeframe, price is moving in a down channel. Therefore, in order to find a good short setup, price has to break the minor uptrend as shown in the chart and retest 1.7437 to potentially form a head and shoulder. Entry price: 1.7432 SL: 1.7667 TP: 1.7192 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx