Hey Traders, if the price makes the support area, then there is a good opportunity the market could go up and up till the next resistance area. Trade with only confirmation that the price has retraced the demand area indicated in the chart. This analysis is intended for next week's trading idea. Entry Level: 1.31127 Stop Loss: 1.3015 Take Profit: 1.3300 Good...
Hey Traders, NZDUSD is on long trend, but on an interesting area, if the market is able to break this trend line resistance, then this analysis is obsolete, otherwise, if the market respects the trend and not able to close above the resistance trend then is good indicator to shorten/sell this pair; below are the trading levels you may consider if the market is...
Self-explaining the chart. Good luck and have nice weekend guys!!
Hey Traders, The Swiss Frank may continue its downtrend on the shorter timeframe and could bounce the 0.618 Fibonacci level as indicated in the chart. My proposed area to go on a short is the retest of the broken structure turning resistance now: USDCHF Sell at 0.99120 Stop Loss at 0.99450 Target 1 at 0.98570 Target 2 at 0.98420 Since the market is closed now,...
Hey Traders, GBPCHF has been uptrend run for the past 5 months, this could be ending as the market made double tops; I also have to admit it is a bit riskier to shorten this pair based on its trend and how it was moving around; It is advisable to try this setup with lesser risky of your account to avoid being stopped by the market; I also put very tight stop loss...
Structure broken, if you see a retest and a confirmation to short, then you good to go and sell this pair next week. 35 pips Sell the pair at 109.690 Target area at 109. 32 Stop-loss as 15 pips from the broken structure and good luck. Happy weekend
Hey Traders, Longing this pair after it has retested the broken resistance turned into support and it is a Fibonacci level of 0.618. Good Luck