Forextradingzones
Breakout!USDTHB 60 minute TF
USDTHB has broken out of the triangle and is now going for a new high!
It has also re tested the support and has removed concerns of a fake breakout
TGT has not been set as profit riding with trailing the SL can be done
Set a small SL and be safe!
RR-5.5
Possible pips-
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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
Move incoming!INRRUB 1H TF
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INRUB can be seen in an uptrend and is currently correcting after it made a head and shoulder pattern!
One more high is left and is soon about to come!
It is now at the lower support and a great entry can be taken now!
With the SL set at the previous low,
There are 2 targets, a re test may be seen after TGT 1 is approached and after that if a breakout is seen then it will head for a new high!
Enter ONLY if a reversal is seen!
Possible Pips-0.015
RR-Up to 7
Reversal Trade!USDDKK 15 Minute TF
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It is a in a slow uptrend and has been consolidating at the bottom since some time now,
A Reversal should be seen now, with a breakout of the 200 day MA,
A BULLISH RSI Divergence can also be seen!
A SL at the previous can be set, with the TGT as the top of the trendline, and exit if rejection is seen!
RR-2.5
Possible pips-0.07
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
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
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
Reversal Trade!GBPZAR 1H TF
Reversal Trade
A sideways Trend is seen now
It has been consolidating since quite some time now a good move should be coming anytime now!
A nice SL of the low can be used with a high target of the upper resistance which may also be taken out soon!
A Good entry can be taken now!
Volumes may increase as well
Possible pips-0.29
RR-3
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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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Quick Trade!USDGSD 15 Minutes
rising triangle can be seen
However a Bearish RSI divergence is also seen,
It has been building since the start and a lower breakout may be seen now
A good entry can be taken now
With a small SL of the current Candles high
TGT can be set at 1.349 which is a strong demand zone
RR-4
Possible Pips-0.0024
However, be cautious of a bounce-back!
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USDCNH Quick Trade!USDCNH 1 H TF
Contracting Triangle can be seen,
USDCNH is at final wave and a move is to be made , It should reach E,
A bullish MACD Crossover is also seen!
Entry can be taken now,
With SL at previous Low ,SL 1, aggressive SL but should be enough
First target of TGT 1, if reversal is seen then exit however If not then scenario 1 can be played out!
If reversal is seen then take short entry!
Possible pips-0.0033
RR Ratio-3.33
Live Challenging Market Analysis Buy USDCAD @ 1.25725Live Challenging Market Analysis Buy USDCAD @ 1.25725
Target @ 1.37131
Entry 2 @ 1.24000
Target Buy 1 & 2 @ 1.37131
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
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