Get started

Technicals

NZDUSD - Short TradeHey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well. Just look for a sign of weakness on H1 chart and enjoy your trade. SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart. Have fun!
Short
by Hussam-Qazi
EURGBP: Anticipate .91500!Daily Time Frame: Reading price we can see that we broke the range (between .88750-.90500) and has tapped previous daily swings at .88500 key psychological support and immediately rejected back above .88750 quarterly psych. If price manages to pullback and test .88750 support look for longs to .90500 and .91500. However, if price does not break .90500 look to reevaluate price action. Due to the uncertainty of market fluidity risk management is highly recommended.
Long
by ChartAddicts
Best Way to Trade the Gold SelloffGold has cratered along with the other safe havens. It has careened through the 1900 handle back down to 1800's, currently finding support at 1863, which is a strong technical and Fibonacci level. It appears to have completed the 5-3 Elliott Wave. Observe that even with this correction, gold can still be considered in a 'bull phase'. Especially considering the bounce it had off 1863. Current levels may make a good entry point for a long trade. We are right at 1941 at the moment, which is another technical and fibonacci level. A narrow stop would be good risk management. The next level above is 1975, but below we have a vacuum zone to 1906. The Kovach OBV has taken a nosedive, registering the selling momentum. It does appear to be turning, along with the Kovach Chande, suggesting that this bear phase may be ending, or at least coming up for air.
COMEX:GC1!Long
by quantguy
EURNZD LONG (POSITION TRADE) 2K+ PIPSDear Traders The trade idea is position trade of holding it long term followed by confluences to support my set up with Risk Management of 1-2% risk. 1. 16th March 2020 is where Weekly Candlestick hitting all time high for Euro/NZD at 1.99271 2. Price immediately was reversed by a downtrend of price retracing back towards monthly support: 1.7100, however the end meets and price reversed with a morning star pattern at 1.7200 3. Price remain bullish after breakout, i am waiting for a retest/pullback to be found near daily level: 1.7625 for price to continue impulsive phase. 4. NZD was one of the first economy to recover the pandemic levels along with other asian currencies, however Euro/Usd, Eur/Jpy has recovered well the pandemic levels. 5. EURNZD is a slow pair but the idea is worth the risk and with the confluences, i am taking this trade with 1:14% risk to reward ratio set up However i am waiting for final confluences before this trade lift off, currently BUY LIMIT ORDER is set. Risk: 164 pips Reward: 2310 pips
Long
by kevinbilalfx
2
FTSE100 Could be on move soon...!FTSE100 UK. It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which match support and resistance areas. Clean trade idea, put alerts or orders in to make it easier. Remember: Just a trade idea, not a recommendation.
OANDA:UK100GBP
by Trade_Journal
EURGBP: Rejecting .91500!Daily Time Frame: Starting on the higher time frames we can see price is creating a double top formation at .91500 key weekly zone with signs of wick rejection. 4hr Time Frame: Scaling down we can see that price is testing 4hr support. If price manages to hold below .91500 look for shorts down to .88500. However, if price manages to break and close above, we can potentially see longs to .93000 key resistance. Due to the uncertainty of market fluidity, risk management is highly recommended.
by ChartAddicts
AUDJPY: Testing 75.000!Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone. 4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price breaks above this zone look for a break and retest with signs of rejection in order to buy this up to 76.500. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
2
EURUSD FUNDAMENTAL AND TECHNICAL IDEAGood Day Everyone Here's an idea on the EURUSD pair, as we've seen the EURO making major recoveries in the last cople of week the pair is in a uptrend which most signals point to it continuing as we go in on the pair.. The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme > INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk . . - The dollar was modestly higher on Friday after data showed the U.S. labor market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week, as uncertainty about the U.S. economy capped gains. INVEST.COM - The Labor Department's employment report showed the jobless rate fell to 13.3% last month from 14.7% in April, which was a post-World War Two high. It came on the heel of surveys showing consumer confidence, manufacturing and services industries stabilizing. Economic conditions have significantly improved as businesses have begun to reopen after shuttering in mid-March to slow the spread of COVID-19. U.S. dollar index =USD late Friday was up 0.18% to 96.93. It was down 1.4% from last Friday's close. On the day, the dollar was 0.38% stronger against the euro EUR= , at $1.129. Against the safe-haven Japanese yen JPY= , the dollar was up 0.44% to 109.61 yen. "Today you've seen better-than-expected economic data coming out of the U.S. in terms of the jobs numbers," said Chuck Tomes, portfolio manager at Manulife Asset Management. "The reaction on the back of that has been expectations of better growth coming out of the U.S. as well as a steepening yield curve, both of which have provided a lift to the dollar." The uncertainties about the economic outlook and the possibilities of a second wave of infections had capped the greenback's gains, Tomes added. Some analysts said the May job gains in might not soon be repeated. za.investing.com . . . We are curretly just above level 1.12754 wich was our resistance level now support the pair pushed through this level came down for a retest possibly signalling continuation to the upside so looking for long entries in the pair... Target 1 - 1.13902 Target 2 - 1.14984 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu