Forex_Trading_HQ

Forex_Trading_HQ

I have personally stayed out of long trades on EURUSD as we are still very much in a bearish trend. My forecasting is based upon the next few 4H sessions. If we see lots of indecision in the market around the 1.08 mark then I would be expecting the double top formation to be completed, looking for a confirmation (short entry). For the confirmation I will be...

Forex_Trading_HQ

Depending on where the current 1H candle closes, we could be in for a good opportunity to take a short trade down to the area I have highlighted with a blue bar (previously acted as resistance). The price has broken the 50EMA. If price breaks through this level, I predict more short trades available. Let me know what you think, and feel free to ask any questions!

Forex_Trading_HQ

I never posted this idea when I took the trade as I was busy sending it to partners. But now that price has crossed the 50EMA on the 4H chart. I think there is still time and enough room to capitalise on this bearish momentum with a good risk to reward ratio.

Forex_Trading_HQ

Bullish engulfing. Small buying opportunity. I will re-evaluate the trade when resistance is met. Follow for more updates on this pair.

Forex_Trading_HQ

we've seen price retrace from the 0.618 level already, will it happen again? If so it may also produce a double bottom pattern, giving even more long opportunities. Let me know what you think!