Start of a new wave?Message me to learn 1 to 1!
AUDUSD 4H TF
AUDUSD has been in a sideways channel in an uptrend,
The three corrective ways also ended recently, thus we can expect a nice up move
The RSI is at support and is also showing signs of reversal!
A nice entry can be taken now with a small SL at the previous low,
Keep a first TGT the top resistance, and a second TGT of TGT 2 if a breakout is seen!
RR-4
Possible Pips-0.015
Forexsignal
Symmetrical breakout!Message me to learn 1 to 1
INRKRW 1D TF
INRKRW has been in a symmetrical triangle
It will be completing 5 waves shortly so a good breakout Is expected!
A entry can be taken at the side of the breakout, however an upward breakout is expected
The target will take some time to reach as it is a big target!
An SL of the previous low can be kept!
RR-3.7
Possible pips-1
Simple Reversal!Message me to learn 1 to 1!
NZDUSD 4H TF
NZDUSD has been in a sideways channel and a breakout isn’t expected yet
It is now back to it’s support and has taken rejection once, it is re testing the resistance, if a reversal is seen a short entry can be taken
The target can be set at the lower support! And booking if a reversal is seen from the support!
RR-3.5
Possible Pips-0.17
The big short!Message me to learn 1 to 1!
PYUSD 1H TF
JPYUSD has been in a subtle uptrend channel however it has given a breakout now
It seems like it is heading for a re test, if it is able to successfully reverse then we can take a long entry else a liquidity trap may be seen.
A entry can be taken respectively
However it is looking weak with very low highs and a RSI divergence as well, thus a short position should be expected with target at the lower trendline atleast
Reversal Trade!Message me if you want to learn 1 to 1!
ILSUSD 15 Minute TF
Another triangle seen in ILSUSD,
It is not showing clear signs of 5 waves, we might expect it to fail from the triangle now.
We can also see a huge Bearish divergence
A entry can be taken at reversal!
Set TGT at the lower resistance with more possible TGT at breakout!
It is also out of the bands and should come in now
Possible Pips-0.00131
RR-5.7+
CMP-0.30514
old support!PLNUSD 4H TF
PLNUSD has been in a downtrend for quite some while now and it finally may be time for a reversal or at least a pull back!
It is now at a crucial support and a Bullish hammer is also seen!
A good entry can be take ONLY IF a reversal is seen!
Then a short term target of TGT 1 can be set, or TGT 2 for a longer period!
Keep Trailing SL as his is a riskier trade!
A bullish RSI Divergence is also seen!
Maintain strict SL
Cmp-0.25967
Sl-around 0.25399
Possible reversal
ILSUSD 4H TF
ILSUSD Recently witnessed a decently high fall and it might be time for a reversal!
It has bounced back several times from this support and we can expect another reversal shortly!
The Rsi is also slowly increasing showing signs of reversal
ENTER ONLY IF REVERSAL IS SEEN!
A entry at reversal can be taken
With the SL set at the previous low!
A short entry can also be taken if a reversal isn’t seen!
RR-6.63
Possible Pips-0.0050
CMP-0.30337
SL-0.30327
Long awaited breakout!USDCNH 1D TF
It has Finally broken out of the triangle after completing the 5 waves and we can now take a short entry!
It has made a reverse hammer as well suggesting bearishness
Wait for one more day if you want to avoid getting caught in fake breakout
The TGT can be set at the previous consolidation zone
And SL at the previous support
RR-4.7
Possible Pips-0.09
NEW HIGH INCOMINGUSDCZK 4H TF
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USDCZK has been going in a strong up trend and is now ready for a new high after the 4th wave correction,
A new high is coming and the correction is also showing signs that it is over as the RSI is at it’s support
And a reversal is expected anytime now!
A good entry can be taken once a reversal is seen
TGT 1 can be set at the upper trendline, and TGT 2+ if a breakout is seen!
RR-5+
Possible pips-0.45
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
BUYING SIDE USX/CADHello guys I had find this trade which is taking trendline support in 1h timeframe and ready to buy and sl below support and target at upper channel i had done the analysis you can watch and also before taking any position please do your own analysis thank you if you like my analysis please share like and follow
NZDJPY buying againThe market came and retested the trendline again in 4hrs. So we went down to the lower timeframe for entry. After the breakout of previous resistance in 30 mins we took this trade with a very good 1:2 risk to reward.
we took this trade very earlier before and got stopped out. So we are in this trade again.
AUDUSD NICE LONG OPPORTUNITYTime to take a LONG entry on AUDUSD based on below price action:
Confirmation:
------------------
(i) Nice bounce back from multiple support area 0.77000
(ii) Short term downtrend line break
(iii) Market already in a range with multiple respect on the same R/S area
TAKE ONLY 2% RISK OF CAPITAL PER TRADE
Don't miss the great buy opportunity in CADCHFTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6925).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6945
TP2= @ 0.6962
TP3= @ 0.6989
TP4= @ 0.7001
TP5= @ 0.7032
SL= Break below S3
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Two great sell opportunities on this chart for NZDUSDMid-Term Forecast:
Midterm forecast:
While the price is below the resistance 0.6790, beginning of downtrend is expected.
We make sure when the support at 0.6585 breaks.
If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.6790 on 09/02/2020, so more losses minimum to Major Support (0.6585) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 62.
Take Profits:
TP1 = @0.6585
TP2 = @0.6500
TP3 = @0.6375
TP4 = @0.6240
TP5 = @0.6080
TP6 = @0.5930
TP7 = @0.5470
TP8 = Free
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Intraday Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.6705).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD 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 24.
Take Profits:
TP1= @ 0.6665
TP2= @ 0.6655
TP3= @ 0.6640
TP4= @ 0.6600
SL: Break Above 0.6750
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️