USD/CAD, correction is expected after a large march. RSI returns from the oversold zone, and with Fibonacci we can determine the target price for the correction. As always, I kept the great Risk-Reward ratio in mind. What do you think about this trade? I welcome your feedback.
Possible swing trade on the GBP/CHF. Head and shoulders formation has emerged, in case of neckline break I expect a larger movement in the long direction.The next key level is far enough , with a great yield risk ratio. Good opportunity for a trade with a great risk-reward ratio, because the next key level is far enough.
USD/JPY hourly chart. The price came to a strong resistance after a big march,likely it will bounce back . RSI and CCI shows divergence, which also supports this idea. For a Take Profit level, the EMA 50 seems good choice.
Short idea on GBP/JPY. Possible Elliot C wave may come. Excellent short option in case of key level / channel break. Risk-Reward ratio is also favorable for us, the next strong level is quite far away.
NZD/JPY has a key level near the price. If the support line breaks, the price will probably go up to the trend line. The awesome oscillator is also below zero, which supports the idea.
Triangle formation on AUD/JPY hour chart. The breakout hasn't happened yet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.
Divergence spotted on EUR/JPY chart. Waiting the support break, then open the short trade. Good Risk-Reward ratio, the next support is on 120,9.
Same triangle formation on EUR/CHF hour chart. The breakout hasn't happened jet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.
The 4h trendline on GBP/USD pair has falled down.Currently (after the retest),the price staying on a key level.If the support line break down we have a good opportunity to open a short position, because the next powerful level is far enough.
A double top pattern have developed on the EUR/JPY chart. Likely we will see a fall down,on the neckline level, and the RSI divergence confirm this theory. Target the trendline for take profit.
Currently the AUD/USD pair heading towards to the bottom of the channel. After the breakout ,I expect a retest from the trendline,before the price starts to fall again.
Rising Wedge pattern on the daily AUD/JPY. Strong resistance line ahead, thats confirm the theory. Great RR-ratio, and the CCI divergence is an additional signal to short this pair.
EURJPY is currently in parallel channel. We are waiting for an outbreak. We don't know yet which way, but we can prepare both sides at now. 2 OCO STOP order. When one Trade activating, then set the SL at the another STOP order. (RSI says we have more chance to the bullish breakout)
The first Trade of the last week. Breakout just happend from the resistance. RSI overbought, CCI shows divergence. We expect the correction (retest) to the last mirror level.
Possible Breakout from Trading-channel. Great RR-Ratio, the Crossing MA confirm the Forecast. Prevent the False Breakout, by the Yellow Dotted Line move our SL to BE.
This is an unusual Analysis, but I see great potential in it. In my opinion, the events on the market repeat themselves, so I decided to do a short Trade here.
After a little break, im back with a brand new trade idea. Very nice Double Top pattern, then breakout from the neckline. First target is the height of the pattern. Second Target the next Support. The Crossing MA confirm the forecast.
Opening this Week on GBPUSD. Head&Shoulders pattern, great RR-ratio, and the crossing MA soon confirm the forecast. Target the next Support Line.