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BluetonaFX - EURGBP Rising Wedge SHORT IdeaHi Traders! There is a rising wedge pattern on EURGBP, which signals a possible reversal of the bullish trend we have seen over the past two months. Price Action 📊 The market failed to break the previous resistance at the 0.87014 area, which led to lower highs and lower lows market swings, followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market. We are looking for a bearish break and a close below the support trendline. Fundamental Analysis 📰 Traders seem to be uncertain about the euro after ECB president Lagarge claimed that she is confident the ECB's policy will bring inflation back down to their 2% goal. Support 📉 0.86140: SUPPORT TRENDLINE Resistance 📈 0.86428: PEVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Looking for EURAUD stem dips.EURAUD - 24h expiry - We look to Buy at 1.6475 (stop at 1.6415) Broken out of the channel formation to the upside. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 1.6600 will confirm the bullish momentum. The measured move target is 1.6700. Our profit targets will be 1.6625 and 1.6655 Resistance: 1.6600 / 1.6650 / 1.6700 Support: 1.6500 / 1.6450 / 1.6425 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
Long
by VantageMarkets
VRAUSDT Looking Severely OverboughtA potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment. To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold. On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold. There can be a potential short squeeze before making it's way down. This is not financial advice, all ideas are for educational purposes only.
Short
by AutomatedTradingAlgorithms
5
AUDUSD to stall at previous swing high?AUDUSD - Intraday Buying pressure from 0.6331 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 0.6510. We look to Sell at 0.6510 (stop at 0.6540) Our profit targets will be 0.6435 and 0.6315 Resistance: 0.6550 / 0.6625 / 0.6680 Support: 0.6340 / 0.6275 / 0.6185 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA