We have a good opportunity to buy the DollarYen as it reaches the Demand Zone, we will wait for the Trend to end, wait for confirmation chart pattern, possible Double Bottom on the H4 TF, shall be within 2-3 weeks, will update the trade as it moves into our buy zone
We have a great opportunity on EURUSD, it has been testing the Resistance level, @our Fib 23.6 Level, which has been great Resistance, we look forward the breakout above the Fib 23.6 level, which will be a good swing trade for the next week or two. Please Apply Risk Management and find attached orders on the chart
DXY Started to rally down after the Two-Day Testimony from Fed J. Powell, which led the Dollar to lose power, USDZAR jumped over to the R13/$ Zone, which was good for the SA economy, taking advantage of Powell's Testimonies. we have two good opportunities to Buy the USD power, with two Scenarios on the chart, we can see a possible Head and Shoulders Chart pattern,...
Recent Job release from the US empowered USD Pairs on Friday 5th after the Actual News release beat the exceptions as forecasted prior to Job release. with Powell's Testimony on Wednesday & Thursday, we can see the Dollar losing power against the Pound and other currencies, as it has reached its Demand levels, we can take advantage of this opportunity as it...
USDCAD has again bounced on the Support Trendline, we have a good opportunity to go long, we have taken the advantage to buy it @Market Price, place your Stop Level below the Support Level, Risk 2%
Gold Spot closed below the Resistance levels of 1324.87,so we have a good opportunity to go Short, below 1313 Levels, first target 100Pips, second Target 150Pips with stops @50Pips. 1/3 Risk Reward Ratio. Gold Spot has been on an Uptrend for a while with respect to Us and China Trade Wars, we can definitely take advantage on NFP this coming Friday to push down USD...
Looking Forward to Buying @Market Price With Our First Target @109.668, Second Target @110.584, Risking 2% on the Stop Level. CHFJPY closed above the Resistance Trendline, with the D1 Candle forming a Bullish Engulfing, confirming the Trend to the Upside.
Using the XABCD Pattern, we can distinguish our 5 leg movement, which the last leg movement will begin at point D to complete the pattern. Rejection on the Supporting Trendline will gives us a fantastic opportunity to go long, so we can take an advantage of going long on the price rejection level with a Limit Order, Applying Risk Management.
With Respect to USD Quotes Opportunities, we can Correlate all USD Pairs with the Index, which means when the Index is on a Downtrend, then surely ___xxUSD Quotes are on an Uptrend. so we have an opportunity to sell DXY as soon as it completes the Double top Chart pattern, rejecting from Resistance level, 0.0 Fib Level on 98.334, Purple Zone.
EURUSD has been on a Downtrend for a while after it rejected the Resistance Trendline for past 3 weeks, and it has been ranging between the Channel, i'm expecting EURUSD to test the levels of 1.11170, 0 Fib Level, which will form a Double Bottom Pattern and change direction towards the upside. The 5th Elliot Impulse wave will complete the Trend on 0 Fib Level
GBPNZD Closed above the Support Trendline, completing the 3 Touch Rule from the Origin Point, 0.0 Fib Level. We can Buy Above 1.95856 levels, First Target: 1.99787, Stop Level: 1.93018. So we will take advantage of the price rejection and go Long
USDZAR Formed a Rising Wedge on the Daily Time Frame, and with the Trendlines, we picked up Elliot Impulse Wave, with O being our Origin Point, we have a great opportunity to Short this pair, as soon as it breaks the Rising wedge Chart Pattern.