Strong Support!USDSEK 15 Minute TF
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USDSEK Broke down from the supporting trendline a few hours ago and sustained the breakout as well
However it is back at a strong support once again and is expected to make a double bottom and give a strong reversal!
The MACD has been consolidating since some while and is also expected to give a big crossover
SL can be Set between the 2 Lower supports
With the Targets at TGT and TGT 2,
Make sure a reversal is seen before entering!
Possible pips-0.037
RR-3
Forexforecast
REVersalURUSD 15 Minute TF
EURUSD Is back at it’s resistance and we can expect a good short
A good entry can be taken now with a small SL at SL 1
A small TGT of TGT 1 can be taken now with a better TGT of TGT 2 ,
The RSI is also at it’s resistance and Is showing signs of a reversal after a consolidation.
Possible Pips-0.01
RR-Up to 10
Bounce Back Once Again?INRUSD 1D TF
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INRUSD has once again come to retest the bottom support and a bounce back is expected soon
Once a breakout over the 0.0134 level is seen a entry can be taken with a short term target of TGT 1 and long term target of TGT 2, a safe SL at the lower trendline can be kept.
There is a Bullish MACD Crossover also coming and the previous crossover cam at a similar level and gave a HUGE reversal
Possible Pips-0.0001 (0.75%)
RR-5
Simple Retest Breakout TradeINREUR 4H TF
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INREUR has been in a sideways trend since several months and it may have finally broken out!
The Rsi has been falling since several days and is showing clear weakness.
A lower breakout was seen some candles before and is now retesting,If it is not able to break back in the upper channel a lovely short opportunity forms
A good entry can be taken now with a short term target of TGT and longer target of TGT 2,
Keep a safe SL near SL,
It seems like a promising trade!
Possible Pips-0.00015(1.5%)
RR-3.2
New High Soon?GBPJPY 1D TF
An Ascending channel can be seen with Higher highs and higher lows being formed again and again,
It is once again near the lower support line and a reversal should be seen now!
A good entry can be Taken now with a Safe SL at the previous swing low
A good target can be achieved over the previous high and a new high should be coming now!
SELL only if rejection is seen from the top!
Possible Pips-6.4 Pips
RR Ratio-3
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EURUSD Further Neowave Forecast by Manish SinghFX:EURUSD
Price Should Move up without braking of Invalidation Level in form of 1,2,3,4,5 waves in blue degree.
As you can see wave ((i)) has been finish and currently we are in correction of wave ((ii))
As long as price is above invalidation level you will see further rise in the price in form of wave ((iii)).
GER30 (DAX) TRADE SETUP FOR THE DAY The larger correction against 2009 lows is proposed complete at 8249 on 3/16/2020 where the daily and 4 hour are turning up. The 1 hour is turning down against 13462 to correct the cycle from the March wave ((2)) lows. While it shows it will remain above there the index can can see new highs toward 14000 in the cycle up from the March lows.
SELL DAX 30
@12740-12785
TP: 12450
SL: 12900
GOOD LUCK
Don't miss the great sell opportunity in GBPUSDShort-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3033).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 1.2802
TP2= @ 1.2733
TP3= @ 1.2609
TP4= @ 1.2525
TP5= @ 1.2259
SL: Break Above R2
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Don't miss the great buy opportunity in USDSGDMidterm forecast:
. While the price is above the support 1.3430, beginning of uptrend is expected.
. We make sure when the resistance at 1.3754 breaks.
. If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
. A peak is formed in daily chart at 1.3985 on 06/22/2020, so more losses to support(s) 1.3550 and minimum to Major Support (1.3430) 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 42.
Take Profits:
TP1= @1.3754
TP2= @1.3885
TP3= @1.4035
TP4= @1.4270
TP5= @1.4635
TP6 Free
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