Forexanalysis
Multiple confirmation for breakout examples...Multiple confirmation for breakout (GBPJPY) :
We want to share a perfect example of breakouts.
There are multiple confirmation of break out on a daily basis for GBPJPY :
• Flag pattern breakout
• Double bottom breakout
• Head and shoulder breakout
• EMA 13 cross over of 50 EMA and recent support of 200 EMA twice
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
XAUUSD Strategy today 18-19 OCT| XAU USD Analysis Today |XAUUSD : Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour.
Option1: If market bounces from the support zone of 1750-40, we can BUY.
Option2: As the market has been testing this level for a long time, the level is weakening. If the support breaks, Sell below 1740.
Option3: 1725-1717 is the strongest support zone in the gold right now. Good possibility of a reversal from the support. If it bounces from this support of 1728-1717, we can BUY.
Option 4: If market goes from the current position, SELL at the resistance zone of 1780-90.
Option 5: Buy above1790
Option 6: If market reaches the level of 1805-1810, good possibility of a reversal.
USDJPY Strategy today 18-19 OCT | USDJPY Forex Strategy 18-19octUSDJPY: We had plenty of opportunities in the past hopefully we will get another good trade again. Though the market is standing at a very strong resistance, still market is not going down. It clearly shows the presence of BUYERS in the market. And considering the trend of the market, we should mainly look for BUY opportunities only. Option 1: If market retraces and bounces from the 113.20, we can BUY. Option 2: If market breaks the FLAG PATTERN and starts trading above 114.40.
GBPAUD TRADING STRATEGYOn the weekly chart we can see that after an uprun of 1400 pips GBPAUD is retracing, taking rest. Though it has slipped below the weekly support of 1.8670, still we saw some price rejection from below. Therefore, If price goes up from here and and start trading above the safe zone of 1.8670, we can BUY with an SL below the support. TARGET: 350-400 pips
USDCAD Bearish Setup (Target Range 400 Pips)Pair Name : USDCAD
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 400 Pips
Bearish Break : 1.25800
-------------------------------------------------------------------------
Neat and clean chart with clear setup, no junk on chart.
-------------------------------------------------------------------------
If you like this idea, then smash like button and follow us for regular updates.
-------------------------------------------------------------------------
Note:- Do you own due diligence before taking any trades.
Thanks
XAUUSD (GOLD) Sell Setup (Target Range 500 Pips)Pair Name : XAUUSD (GOLD)
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 500 Pips
-------------------------------------------------------------------------
Neat and clean chart with clear setup, no junk on chart.
-------------------------------------------------------------------------
If you like this idea, then smash like button and follow us for regular updates.
-------------------------------------------------------------------------
Note:- Do you own due diligence before taking any trades.
Thanks
GBPCHF (Sell Opportunity Target Range 180 Pips)Pair Name : GBPCHF
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 180 Pips
-------------------------------------------------------------------------
Neat and clean chart with clear setup, no junk on chart.
-------------------------------------------------------------------------
If you like this idea, then smash like button and follow us for regular updates.
-------------------------------------------------------------------------
Note:- Do you own due diligence before taking any trades.
Thanks
Top Continuation PatternRising Wedge Pattern : - Rising wedge is a bearish pattern found in a downtrend. A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
Falling Wedge Pttern :- Falling wedge is a bullish pattern found uptrend. A falling wedge is formed when the price consolidates between downward sloping support and resistance lines.