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A second Chance to Sell in GBPAUD...Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm. We will close our open trades, if the Midterm level 1.7650 is broken. New trading suggestion: Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion depends on personal strategies. If you missed our first HUNT, you have a second chance to sell below the suggested resistance line (1.7650). Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.7655 on 08/14/2018, so more losses to support(s) 1.7365, 1.7065, 1.6860 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 38. Take Profits: TP1 = @1.7995 TP2 = @1.7650 TP3 = @1.7365 TP4 = @1.7065 TP5 = @1.6860 TP6 = @1.6550 TP7 = @1.6160 TP8 = @1.5790 TP9 = @1.4375 TP10 = Free Trade Setup: We opened 10 SELL trade(s) @ 1.8170 (day close price) based on 'Peak' at 2018.04.27 signaled by our "Daily Trading Opportunity". Total Profit: 6736 pip Closed trade(s): 1500 pip Profit Open trade(s): 5236 pip Profit Closed Profit: TP1 @ 1.7995 touched at 2018.05.04 with 175 pip Profit. TP2 @ 1.7650 touched at 2018.05.23 with 520 pip Profit. TP3 @ 1.7365 touched at 2018.08.08 with 805 pip Profit. 175 + 520 + 805 = 1500 pip Open Profit: Profit for one trade is 1.8170(open price) - 1.7422(current price) = 748 pip 7 trade(s) still open, therefore total profit for open trade(s) is 748 x 7 = 5236 pip
Short
by ForecastCity
A trading opportunity to buy in EURAUDMidterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825 to 1.5890). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.5890) Ending of entry zone (1.5825) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: The RSI support #1 at 49 is broken, so the probability of resumption of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.5880 on 07/12/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Take Profits: TP1 = @1.5605 Tp2 = @1.5530 TP3 = @1.5425 TP4 = @1.5275 TP5 = @1.5075 TP6 = @1.4910 TP7 = @1.4605 TP8 = @1.4445 TP9 = @1.4040 TP10 = @1.3675 TP11 = @1.2225 TP12 = @1.1600 TP13 = Free Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip
Short
by ForecastCity
1
How long will the range of MPP (P) and YPP (S1) last?It ranges from MPP to YPP since last month. If it is assumed that the moon starts moving since the moon has changed, it will be the flow that aims at shorting from here again. << tactics >> 1) Consider a short entry when MPP (P) functions as a resistance line. The first limit is WePP (P) 0.73924 The second limit is WePP (S1) 0.73423 WePP will be updated on Monday so be careful. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
The same way as last timeIf YPP (P) 1.08720 functions as a support line, think long. The first limit is WePP (R1) 1.09559 The second limit is 1.10000 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
1
A trading opportunity to sell in EURAUDMidterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm. Technical analysis: The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains. A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s) 1.5825, 1.5890, 1.6040 and maximum to Major Resistance (1.6190) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (1.5825 to 1.5890). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.5825) Ending of entry zone (1.5890) Take Profits: TP1= @ 1.5730 TP2= @ 1.5620 TP3= @ 1.5525 TP4= @ 1.5425 TP5= @ 1.5275 TP6= @ 1.5075 TP7= @ 1.4910 TP8= @ 1.4605 TP9= @ 1.4445 TP10= @ 1.4040 TP11= @ 1.3675 TP12= @ 1.2225 TP13= @ 1.1600 TP14= Free
Short
by ForecastCity
Can escape the range that lasts more than two years?It have temporarily updated the latest low of 0.74126 this week. Recently, the resistance line works smoothly and it goes down one step, so if you go as it is, it will be the trend price since 2015. Weekly chart There are four lines that become the barrier. (There are many) 1) MPP (S2) 0.73356 2) YPP (S1) 0.72900 3) MPP (S3) 0.72586 4) Horizontal line near 0.71500 (0.71589 on my chart) Penetrating through these in order and receiving resistance will be a downtrend. However, even if it comes down trend, it will take a lot of time. There is also the possibility of lowering slowly so that it is not a trend. Because, as you can see from the past chart, AUDUSD is easily blocked by YPP. Nevertheless, as you know, not to have a wishful observation, but to look at the movements at that time to attack areas where risk/reward is good. Therefore, if keeping down this way, I think that it is enough to take into account only that it is wary of the long trade. MPP (S1) 0.74517 is the key point for the latest opportunity seen on the 4h chart. 1) Confidence that MPP (S1) 0.74517 functions as resistance Short, Target is above MPP (S2). We will be careful of WePP that will be updated tomorrow. If you are more confident of lowering above YPP (S1) 0.72900 = above Double Zero 0.73000 is also an option. 2) It is doubtful whether MPP (S1) 0.74517 functions as a resistance If it goes above MPP (S1) 0.74517 and functions as support, I will long, otherwise observe it. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
AUDUSD for the week AUDUSD was on clear down trend from last week but today it got a firm support from fibo 50 % and support 61 of weekly pivot. If you see previous chart it has bounced from the same price 3 times in a row before breaking it in the current scenario if price breaks lower than 50%fibo the firs target be 0.7297 and 0.7214 in alternate situation a bounce above the price 0.7373 will call for 0.74458, 0.7528 from my experience of few years whenever price breaks weekly pivots it tends to hit the first and second resistance or support Happy Trading
by kr_sonu12