Trade-idea
Trade idea for NZD/USDWhen we look at the chart we can see that the price has broken out of the wedge.
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EUR/USD could go upWhen we look at the chart we can see that the price has broken a falling wedge. We are now waiting for the price to go and retest the wedge. Once we get back to the wedge we could consider to go long.
If we look at DXY we can see that the price is below a small time support level so if the price stays below that level we could go long before the retest because it can be that the price isn't going to retest the wedge after that because the weak Dollar will push the price higher.
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XAUUSD Bullish Scenario to 2075$Hello Traders,
XAUUSD seems to be bullish on how this channel trend is looking. As well as the current candle that opened broke a triangle upwards.
Trade Safe
DAX at Daily wedgeWhen we look at the chart we can see that the DAX is testing a daily wedge. Do you think it will be able to stay below it?
We can also see that there could be an elliott wave formation in play.
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XLM REMIND/ Next move is soonTarget 11.3 + ....
i draw prev a mid range waves to 16+ cents.
but first 11.3 +
waiting.
Possible idea for USD/JPYWhen we look at the chart we can see that the price is going into the support area. If the price is unable to break below the support area we could consider to go long in this pair.
This is also the case when we look at the RSI, because the RSI is very low at the moment.
When we look for a divergence we can see that there is happening one at the moment but that one won't be valide anymore if the price is able to break below the support area. So if we look at the divergence side of the trade we could even consider to go short on it if it is able to break below the support area.
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Possible trade for GBP/USDWe can see on the chart that the price is close to the resistance level. Once we can see that it is touching and unable to break we could consider to short it.
The other reason why it would be a potential short is because when we look at the RSI we can see that the 70 level has been broken so that is an indication that there could be a price reversal.
We can also see that there is a divergence happening when we look at the MACD indicator. This is also an indicator for a price reversal.
When we do take this trade keep in mind that the SL is 63.1 pips away so don't take a lot size that could harm you seriously when the SL hots. Risk management is very important.
The risk-reward is 3.79 so I think that this is worth a try then.
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ADA mid-long Term Idea. im not showing the dates. just a levels and idea of scenario. Hope to Help You.
Cheers.
Please show your ideas and coins. appreciate you
AUDUSD Short OpportunityHello Traders,
AUDUSD is starting to look bearish in a descending wedge down to our recent Supply zone.
Trade Safe
Possible trade idea for GBP/USDWhen we look at the chart we can see that the price is testing the wedge. If the price is able to break below the wedge we could consider to short it. We do have to keep in mind that it could be a fake out first and then the price does a retest of the wedge before it drops good.
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Possible trade idea for EUR/NZDWhen we look at the chart we can see that the price is at a former resistance zone. If the price is unable to break below the resistance it would be a good signal to go long on this pair.
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USDCHF Bullish ScenarioHello Traders,
USDCHF is starting to look bullish as it has touched a key level as well as it broke a trend line with bullish confirmation.
Trade Safe
Trade idea for USD/CHFWhen we look at the chart we can see that the price broke above the wedge and is now retesting the wedge. This could be a good time to go long on this pair.
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Trade idea for EUR/JPYWe can see on the chart that the wedge was broken and that the price is now retesting the wedge. When we get a good confirmation we will go short on this one.
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Trade idea for EUR/GBPWhen we look at the chart we can see that the price just went above the wedge. What we are waiting for now is for the price to retest the wedge. There is a chance that the price won't retest the wedge because there is also a good divergence happening. A divergence is a good indicator that the price is going to revers so if the wedge is broken and there is a divergence happening at the same time, a lot of the time the price does not retest and just takes off.
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BAT (DAILY) LOOKING RDY FOR NEXT BREAKOUT / DYOR!!! (TRADE#2)I have decided to chart breakouts of coins I hold for practice, maybe by watching you will learn something too. Please like if you find this entertaining or helpful. Without further ado lets dive in...
EURJPY EURJPY Short idea: Price has formed a nice flag pattern. We have broken through the bottom of the flag and have seemingly broke through and retested an area of support and resistance, therefore we could now see the pair have big bearish run down to a much lower price throughout the week.
Trade idea for GBP/JPYWhen we look at the chart we can see that the price is testing the wedge. We will be waiting for the wedge to break to go short. Than we need to asses if it is a breakout or a fake out.
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USD CAD approaching important support!USD/CAD is testing the 1.3500 support level. We could look for long entry signals with a tight stop loss below the support. If support doesn't hold, price may continue dropping all the way to 1.3331, that is 165 pips!
Trade idea for USD/CHFWhen we look at the chart we can see that the price is looking to break the wedge. We were already long on this one but closed it because it is not sure what it is going to do with the wedge. So when it crosses the wedge we will go long again.
Please let me know in the comments what you think of it.
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Trade idea for AUD/USDWhen we look at the chart we can see that the wedge has been broken. The thing that we need to find out now is if this is a breakout or a fake out. What do you think?
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