as seen on chart there is double top and it clearly means that trend reversal. then additional trendline also broken and i am sure it will go down 80% chances and i am placing stoploss just above the dounle top. trade safely.
GBPUSD technical breakdown from top to down time frame
AUDUSD Sell Setup Found For Scalping
AUDUSD upcoming forecast for the upcoming week. NFP this Friday so be careful trading. I will waiting for more PA to develop before entering.
This is a step by step procedure of one of my trading strategies.. I really hope it helps you out.. Peace
LETS SEE HOW IT DOES. #FOREX #FALCONTRADINGGUIDANCE
CAD-JPY Selling points a confirmed trend line
In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF . One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL. THIS ANALYSIS IS...
Price is in Uptrend, Price respected previous DZ and tested successfully, meanwhile creating fresh DZ, price is coming back to test the DZ. Entry a pip above Proximal Line, and SL few pips below distal line. TP at previous swing HIGH/ SZ. Risk: 9 pips, reward: 28 pips RRR- 1:3