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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. Please let me know in the comments what you think of it. If you like the idea do not forget to give it a like and follow me for more ideas. If you have any questions, feel free to PM me.
Long
by MaBaCapital2
Trade idea for USD/CHFWhen we look at the chart we can see that the price is in the support zone. We can also see that the RSI is very low. What we also see is that there is a divergence happening when we have a look at the MACD indicator. All this things combined are good indicators that the price could go up. Please let me know in the comments what you think of it. If you like the idea please leave a like and don't forget to follow me for even more trade ideas. If you have any questions feel free to PM me.
Long
by MaBaCapital2
Trade idea for AUD/JPYWhen we look at the chart we can see that the price is struggling to break above the resistance level from 16/06. What we also do have to keep in mind is that if we enter this trade. That there is also a wedge that is in the way of our TP. What we have to do is see if it is able to break below the wedge. If that is the case than the change that it will drop even more becomes bigger. Please let me know in the comments what you think of it. If you like the idea do not forget to give it a like and follow me for more ideas. If you have any questions feel free to PM me.
Short
by MaBaCapital2
GBPJPY AnalysisGBPJPY has approached the 132.800-133.000 resistance which is also a key psychological level. From here we could potentially see some rejection to retest the ascending trendline - which if broke could lead to further downside. We are also trading around the 200 MA for another confluence. From a COT perspective, banks are continuing to add shorts to the sterling, while the yen could see some demand due to global sentiment surrounding the american-china tensions.
Short
by Ironclad_Investments
GBPUSD => Short Trade Opportunity Rising!we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌 If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening – => if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view. Check today analysis ___________________________________________________________________________ Before trading our ideas make your own analysis and research properly. Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved. >> I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey… With love, Trading Fleet Team
Short
by trading_Fleet
EUR/USD Update: What's next for the pair?Hi traders, The EUR/USD pair lacked direction during this trading week but is likely going to close slightly higher. The recent push to the upside was fueled by weaker-than-expected US retail sales, which came in -16.4% vs -12% expected. The economic surprise index is still quite low for the US dollar, with a score of 3 out of 10, while positioning remains strong and bullish. Economic surprises in Europe are even more bearish with a reading of 2 / 10, and positioning remains very bearish as well. We'll update our positioning index as soon as the CFTC releases the new numbers. Correlations will be explained in the following trade idea. From a technical standpoint, the EUR/USD pair retraced at a strong support level, but bulls should remain cautious as any upside movements might be short-lived. We remain bearish on the pair on any short-term strength.
Short
by MujkanovicFX
USDCAD AnalysisA pullback on USDCAD would provide us with a good opportunity to go short on this pair. We will see 3 confluences with the 200 day MA lining up with a previous support zone and key fib levels within this area too. Fundamentally, If we are going to begin to see the price of oil starting to rise we will also see the CAD appreciate in value too. From a COT perspective banks are continuing to add short positions to the CAD which would suggest we will be able to see price continue to push higher. We will be looking to see how price reacts from our area to see if we can find any reaction and then the COT for confirmation.
Short
by Ironclad_Investments