The head and shoulder in EURUSD is now completed and potentially the pair could be in much lower level by year end ahead of Fed interest rate decision. There are several other price action indicators that suggest EURUSD could go lower and we think it this trade present a good risk and reward opportunity.
Buy Limit @ 105.43 Stop @ 103.57 Target @ 112.24
Buy Limit @ 1.0989 | Stop @ 1.0904 | Target @ 1.2235 Risk / Reward ratio: 2.76
Buy Market @ 1.5158 Stop @ 1.503 Target@ 1.543 Risk / Reward: 3.52
In line with our previous buy entry, there is a new buy trading signal for EURAUD. The ABCD pattern could complete at 1.618 Fib Extension and it would be a great level to take the profit for the current Gartley pattern buy signal.
Our algorithms have detected a shorting opportunity on USDJPY ahead of #FederalReserve meeting. We have placed a sell limit order @ 104.40 with target @ 103.16 and stop loss @ 105.26
The ABCD pattern on #EURUSD 4 hour chart is now completed and we expect the pair to correct to 50% Fib level. 1.1100 area in #EURUSD has been a very strong support and resistant level in the past couple of months and there is good chance to bounce to this level again in a medium term. In terms of risk and reward ratio this trade will give you a better than one to...
In this chart we want to focus on trading harmonic patterns and how to trade potential opportunities. Our #Forex signal today is EURAUD Buy Limit @ 1.43241 Stop @ 1.40926 and Target @1.45869. Also on the reverse strategy there is a signal to short EURAUD Sell Limit @ 1.45900 Stop @ 1.46906 and Target @ 1.43300.
Despite Brexit and all the fundamentals around the UK economy, we expect the pound to drop further against Dollar to 1.15 area. This area should provide a good technical support on monthly chart, which is the 1.27 expansion of the 2001-2008 move. Selling at current levels still provides a good trading profit but you should consider shorter time frames to find...