The pair has completed two bearish cycles and it is now pushing up. We are looking to join the bulls after the bullish convergence taht we saw on the H4 chart. The way to do so is by waiting for a double wave correction on the H1 chart, wait for a breakout of the most recent trend line to form and go long. Protection should go below 0.7150. Target - 0.7375.
There is a well defined downtrendline that was broken today. First obstacle around 84.00 which may be the first target if this pair goes up. Stop may be placed around 81.20. Risk:reward around 1:2.
It's been a long time since I've posted an idea but here goes! I'm going long on this pair and looking at a breakout soon for some big profits! Be patient and trade with your own strategy :)
DO NOT FOLLOW MY TRADES BLINDLY as we can see in aud/usd d1 chart we have stong weekly trendline that about to break so watch out you also can go long and watch for breakout or false then you can go short dan beyond.
EURUSD SHORT term Trendline rejection & Small trendline breakout
I'm looking for the price to reach either of the alternative trend lines (yellow) as shown in the chart. I want to see bullish divergence forming at this time. Final step is to draw the most recent trend line and look for break above it which will be the trigger for a buy. Protection – Below the last low created, before the trend line breakout. Target 1 – Twice...
hello dear traders & welcome to growing forex according to the previous intraday post the pair is inside the falling wedge pattern.in hour 1 the pair is inside the bullish channel and a possible retest of the resistance trend line taking place.
EURCAD Trendline breakout SHORT term.
I'm looking for another push down on the H4 chart and once the price reaches 77.30 we can draw the most recent down trend line and wait for a breakout which will trigger our buy. Protection should be placed below the last low created. Target 1 – 78.85. Target 2 – 80.40.
GBPUSD H1 SHORT term trendline breakout, we expect the breakout of the support , short to 1.22500 ,place your stop loss below the trendline for good risk reward
Ajanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts. One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.
EURGBP broke a support trendline on the 1h/4h chart. However, price did not continue to fall downwards and is instead retesting the trendline. I want to go to sleep now, so I'm setting this order to sell at a price at which I can be sure a bearish move will occur.
I have 2 orders set to buy above current price. Price broke resistance trendline, and CADJPY is oversold on the daily time frame. Wait for candle to close to buy if the situation fits.
In this downtrend we expect EURUSD to test the 1.05 region again. Possible break to the downside, for now lets ride it down to 1.05.
This order has not yet been filled because the candle has not closed. The support trendline was broken, and once the 30m candle closes strongly bearish as it is right now, I will short.
Price was in a symmetrical triangle, and broke the support trendline of that triangle. Stop loss above most recent lower highs, target at next level of significant support. I will be adding to this position on retracements as price drops.
As everyone well knows, AUDUSD finally reversed as I have been predicting for several weeks as price was barely moving at the top of the uptrend (4h/daily) AUD weakness against the USD may indicate further strength of EURAUD. I spotted what may be a triple bottom setup, and price has broken the resistance of the structure. Still trying to find a good entry...
Price has been bouncing up off the support trendline ever since mid January. The trendline is a valid 4h trendily because even though the wicks reach below it, price never closed below, the bulls reversed it. Now, on the very last 4h candle of the last trading week, sellers pushed price below the trendline and the candle closed. I take this as confirmation of...