Trade EURUSD using Multiple Moving Averages Blue line is the trigger line. Green is the short term trendline. Red is the longer term trendline. Long on trigger crossover. Short on trigger crossunder. Kindly share your ideas about this with me...
Despite the pair’s rebound from the descending trend line support last Friday, the subsequent failure at 113.78 earlier this week followed by a retreat to 112.70 today has set falling tops formation. A daily close below 112.61 (last Friday’s low) would mark falling bottom and open doors for a test of 111.90 – 111.61 levels.
A bearish cypher seems to be emerging on the FX_IDC:USDMXN 4 hour chart. A limit Sell order can be placed at 21.7887 Target: 21.4403 Stop: 22.0654 A 1:1.26 Risk Reward Ratio
The rising trendline and the horizontal support at the FX:GBPUSD has been broken. Price is trying to retrace, but is unable to cross back the upside. If price does cross above, it should face resistance again at the red line. Short can be initiated at CMP or at 1.2535 if price retraces again later, if you are late to see this. Target will be a little above the...
The FX_IDC:NZDUSD chart has formed 2 bullish cypher patterns on the hourly chart. The first purple bullish cypher has been completed where the D leg of the pattern was at a horizontal support line and the price action is moving towards the targets for that at 0.7258 post which the price action should reverse and come down to complete the CD leg of the Yellow...
There seems to be a potential bullish Bat Pattern forming on the FX_IDC:USDMXN 15 mins chart. Entry for long: 20.9231 Take Profit: 21.0872 Stop Loss: 20.8402 A good risk reward ratio of 1:2
One can short FX:GBPUSD below 1.2647 where it has broken the Rising Wedge. Target at previous support levels, i.e. 1.2605 Stop at 1.2670
There is a potential completion of a bullish Gartley pattern on the NZDUSD 15 minute chart. One can go long at the completion of the CD leg at 0.72165 Target 1: 0.72377 Target 2: 0.72570 Stop Loss: 0.72025
First Idea here, so please trade at your own risk and do advice and suggest anything I can improve on :) A long can be taken in EURUSD as the price has taken support at the short term trend line along with a buy indication at the stochastics. Target 1: 1.07476 Target 2: 1.07738 Stop Loss: 1.07112
GBPJPY has completed ABC corrective wave (Wave 4) and ready to test previous highs. It has completed 50% Fibonacci retracement of the previous swing move.
OANDA:USDINR CMP - 68.087 Here, I have drawn the important lines. Now trade their support, break and retest. 50 DMA will assist you. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2...
Symmetric Triangle on EURUSD and it may break either side. Trade for Long: Buy above - 1.05490 Target 1 - 1.05780 Target 2 - 1.06070 Stop loss - 1.05105 Trade for Short: Short below - 1.05100 Target 1 - 1.04870 Target 2 - 1.04505 Stop loss - 1.5490
It is a good time to U.S. currency as it is trending up in channel as showed on technical chart. Target: 0.9200 SL: 0.8750
The price action is been range bound in this pair for a while and now I'm looking forward for a big breakout in it. I would appreciate if anyone could share their opinion on it or post something related to it. Regards