-Price broke through a strong trendline, consolidated upwards, indicate strong buying momentum -Went long at 107.423 once I noticed how the trend has changed, TP hit at 108.049 within 2 candles -Wait for a pullback for another long trade if you've missed it, the next strong resistance is 108.446 zone -Be patient.
-USD/CHF is bouncing off the trendline with no bullish strength. -Will it respect the trendline again? -Bearish pin as our entry trigger. -Profit target will be at the bottom of the range. -Stop loss will be placed above the pin bar. DISCLAIMER: Forex trading involves substantial risk of loss and is not suitable for every investor. The valuation of Forex may...
-GBP/CHF is currently forming higher lows. -Indicating bullish momentum where buyers are willing to buy at a higher price. -A bullish pin bar as our entry trigger. -Profit target will be at the previous swing high. -Stop loss will be placed right below the bearish pin. DISCLAIMER: Forex trading involves substantial risk of loss and is not suitable for every...
-GBP/USD approached the trendline with a weak bounce, followed by a bearish pin pierce through 50ema with a long shadow. -Short term bearish trend is expected. -Stop loss will be placed right above the bearish pin. -Profit target will be around 1.2220 zone. DISCLAIMER: Forex trading involves substantial risk of loss and is not suitable for every investor. The...
-NZD/JPY has recently broken down the pennant with a retracement. -We will be observing closely to see if it rejects the trendline, desirably with a bearish pin as an entry trigger to confirm our short position. -Stop loss will be at 65.15, slightly above the 200ema. -Profit target will be around 61.94 a strong structural support. DISCLAIMER: Forex trading...
-As previously we noticed how price has finally broken through a strong 1.088 zone. -Headed to 1.1 zone but rejected. In the short term we expect price to bounce off again from the 1.088 zone (stayed above 200ema). -I expect to have a conservative long position target to the previous high (1.1 zone).