Trade Idea: SELL 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4.5 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
The pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD upto tradingsysten 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...
Hello Everyone Here is another update from Trading Idea, few days back we have provided forecast of upcoming bullish cycle in USDJPY, so this is just the update of counts of cycle. If you like the idea, than kindly boost and share it with others and help us. Also if you have any query than don't hesitate to...
Hello traders! Today, I am sharing a strong trade idea for XAUUSD that could potentially result in profits. The gold price has been showing a bullish momentum, making higher highs and higher lows (HL) on the daily chart, indicating a potential uptrend. My suggestion is to consider buying XAUUSD from 1942.50, with a stop loss at 1935. The first target is at...
Hello traders, welcome to the first long video analysis for the NZDJPY pair on this channel. Let's dive into the analysis for NZDJPY. Currently, we are looking at the 1-day timeframe. As we can see, the pair is in an uptrend, forming higher highs and higher lows. In summary, we can confidently label this as a bullish trend on the daily timeframe. Now, let's...
The USD/ZAR currency pair has been trading within a support and resistance channel, and recently it broke below the support line with a strong bearish candle. This presents a potentially favorable opportunity to initiate a sell trade with a small risk and the potential for significant rewards.
My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like. For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible. Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of...
Euro dollar is at the key support level and if the supports holds up then we could get a decent bounce. This is on the daily timeframe and we can drill down further on the hourly charts if one wants to get shorter term idea. In any case a small bounce at this level is a high probability.
UD/JPY forming a bullish reversal pattern - Head and shoulders at an important support level. The pair is also oversold so the chances of mean reversion on the higher timeframe along with the reversal pattern on the hourly timeframe bodes well.
Break down from the reversal pattern on the hourly charts and the oscillators are also now moving in the bearish territory. There is no immediate support and the momentum oscillators have a long way to go to get to the oversold zones. All suggest towards a good short sell
at the support level after the breakout. looks good for a bounce from here.
AUD/NZD at the support level. Looking for a bounce here from these levels.
AUD/CAD at an excellent support level. This is the previous breakout level where the market had tested the level several tines before breaking out, thus it is a key level in terms of the support and resistance. Expect the pair to bounce from here as the oscillators on the hourly time frame are also looking oversold. Some mean reversion can be expected and this is...
Kiwi is back at the support zone from which it broke out a while ago, great level to initiate longs as the pair also looks oversold on the hourly charts.
After the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated. One should go short on current levels...
AUDUSD is rising in an impulsive manner and is heading towards 0.70 zone. The current price action suggests that a third of a third wave is unfolding from 0.659 odd levels. Keeping SL of 0.6745 one should buy AUDUSD and look for the target of 0.700 and 0.7050 in the coming days.
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same