XAUUSD Review and Forecast-May 16th, 2019
EURUSD Review and Forecast-May 16th, 2019
Trading Review and Forecast-May 14th, 2019
Go short at the support level. Set the stop loss at the highest point of the day.
4H chart, a reverasal signal appears at the support level. Go long.
Entry level: Long @ 1.3186 S/l: 1.3167 Risk 19 pips. Preferable take profit level @ 1.3222(Strong resistance level) Long @ 1.3202 S/l: 1.3167 Risk 35 pips. Preferable take profit level @ 1.3222(Strong resistance level) Reason: Fundamental-Normal, Monday has no important data set to release. Focus on the TA Technical analysis-(M15)-The...
Entry level: Short 1 @ 1.3213 S/l: 1.3227 Risk 14 pips. Preferable take profit level @ 1.3176(Previous strong support) Short 2 @ 1.3204 S/l: 1.3227 Risk 24 pips. Preferable take profit level @ 1.3176(Previous strong support) Reason: Fundamental-Normal, Monday has no important data set to release. Focus on the TA Technical...
Entry level: Short @ 1.3240 S/l: 1.3265 Risk 25 pips. Reason: Fundamental-This afternoon, the most important release is the Manufacturing PMI(GBP) during the Euro session. The data is less than the previous one. Bad for currency. Technical analysis-(M30)-A trading order based on news.
Entry level: Short @ 1.3286 S/l: 1.3300 Reason: Fundamental-After the date releases, Advance GDP q/q is 3.4%, very strong data for US dollars. Technical analysis-(M30)-A trading order based on news.
Entry level: Long @ 1321.13 S/l: 1316.50 Reason: Fundamental-During the Asia time, no news is releasing. Predict there will be a recovery of the price. Technical analysis-(Daily)-Strong support line indicated from the chart. (4H)-Trend
Based on the 4H chart formation, noticed a strong bullish signal, risk a long trade at the start of the new candles. wait for the outcome. Havenot set the profit level yet. It is Friday. Just wait and see the following result.