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Price continue to move lower and remaining below 60 SMA on the 1 and 4 hour Time Frames. Pin Bar reversal showing on 30min TF. Negative news this morning on the EURO, German Ifo Business Climate came out below expectation adding selling Pressure.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Trading with fibo expansion, marked my entry at one minute chart trying to hit around 100% fibo and using a short SL
EURUSD pair reached 1.1104 support (minimum), hidden MACD divergence and RSI+Stoch, both just went up from overbought zones. Once overtaken the first resistance level (23.6% fibo) then take a long position. Objective 50% fibo.
The pair today is moving upwards as seen on 1Hour chart. Price retraced to the psychological level of 120 where it coincides with the 10 period moving average on the 1 Hour chart and 20 period moving average on the 4 Hour chart. I decided to enter a long position after seeing a failure swing bottom formation on the 10 minute chart. Stop loss is below 120.
the price entered into a main resistance area. Formed a double top on the 1H timeframe at this level and the structure was broken forming a lower low after the double top which can be a reversal. In order to get a better risk reward ratio we can wait for a pullback into the 618 fib and short the market.
Downward momentum is confirmed in EURJPY on a Weekly and Daily time frame. A rally up to previous resistance level and subsequent bearish engulfing candle gives signal to go short if market breaks lower than the bearish candle. Stop Loss a few pips higher than the high at the bearish candle, 134.257. TP first target 133.957, but ultimately 133.726
#eurjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR AUD is pulling back to daily pivot. Entry at the figure of 1.500 which is also a 50% retracement of the previous swing high.
Reversal pattern starting to emerge.
#euraud #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair begin to move upward after a two swing down move. And the market just stopped at R1 level. In here we have to see what will happen. The stronger case is that the movement will continue upward. If this happens take LONG position with the TP of R3. If R1 will hold than take SHORT position with the TP of S1.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #fxtraders #traders #trading #fx
The fx pair AUD/USD has been in a larger downtrend, so we look at upswings as opportunities to short it. Lifting of Iran sanctions should also hurt the australian dollar as oil continues plunge, towards 25$. The resistance trendline being approached gives confidence of levels now being overbought in the short term, and a correction is likely if it bounces back from it.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair USD/CAD is in a downtrend move. We have a strong resistance at 1.42266, the price tried to retest the R1 and bounced back , thus we go short at 1.41915.
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Euro may be readying to turn higher against the AUD as prices trace out a wedge formation. Waiting for a pullback to start looking higher again
#euraud #forex #fxtrading #investing #traders #fxtraders #trading #fx
At Pivot, price consolidated and recover. Go Long at this level. SL at 158.00. TP at R2
#gbpjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair seems to finish its correction after two days. This is verified by the correction structure, first a channel and after a stick, and both of them are made from two swing. And S1 level gives also support for it. From now LONG position can be taken with the TP of R1 for minimum. It also can reach R2 but it may take several days. Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #forexsignals #investing #traders #fxtraders #trading #fx
The fx pair had two days correction and seemed to turn back to downward. But after the morning stop and the turn confirmation in the news period just a few minutes ago for another up move it has got more percentage. Therefore LONG position can be taken with the TP of R1 for first. In a little longer term it has got the possibility to move until R3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
Selling EUR/USD, as I expect the IFO current assessment readings as lower than expected, as well market sentiment is still dovish after Draghi’s comments last Thursday. On M5 we can see RSI currently at 47 and pointing south territory, and EMA5 has crossed EMA10 to the downside in both M5 and M15 after the pair reached today’s peak for the moment at 1.1055. Targeting 1.10 as strong support is located this point.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Support becomes resistance. Downward momentum is confirmed in USDCAD on a Weekly and Daily time frame and the currency pair has just spent the last 12 hours bouncing down from a previous support level. Go short if market breaks lower than the 4-hour channel, 1.30609. Stop Loss 1.30728. First TP target 1.30218 for a 1:3 Risk:Reward, 1.29818 for a 1:6.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair after the last days down move is in a bigger correction which seems to last for one more day minimum. From closer it is viewable that one up swing formed yesterday and now some kind of smaller correction is under development from what it will move up again before the bigger down move will continue. Therefore SHORT position can be taken with the TP of S1. If S1 won’t hold than around S2 attention will be needed because the movement can turn up much easily to form new high. In this case will be good to take LONG position with the TP of R1.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
Buying EUR/USD, as 3 bullish candles have formed indicating there is still room for the upside, RSI currently at 52 and MACD has just crossed over indicating a move to north territory is possible, as well EMA5 crossover above EMA10 confirms the move. Targeting the 1.1445/60 area as this is seen as potential zone for a reversal and shorts will be awaiting here.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
GBP/JPY is at the strong resistance level, also forming a potential double top reversal pattern at the right edge of the chart. If a double top starts getting completed, I recommend Shorting early, at the downtick of a price around its EMA 12, with a possible confirmation of a downtick of MACD.
For a high probability trade I suggest taking profits (in case a trade works) a little above the second support, at around 183.70.
#gbpjpy #forex #fxtrading #investing #traders #fxtraders #forexsignals #trading #fx
The fx pair is maybe in the end of a bigger correction. At the last few days the market formed a sideway channel with two big upswing. Now it just got close to its top. This means it may turns to downward. The only question is how long will the down move will last. Will S11 hold? And after will we have new high? We do not know jet. But the one thing is sure. Either it moves down or a bigger correction is happening before the last ‘smaller’ upswing. So SHORT position can be taken with the TP of S1 for first.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
The fx pair is moving side way in a bigger channel. And the market just going to reach its bottom. But before a smaller correction is happening on H1. This means for a short period for one R it is ok to enter SHORT. Careful as how said do not expect too much in it just maximum S1 for TP and after one R movement move the SL to minimum +0. After it when the market will get stuck take LONG for two small upswing with the TP of between R1-R2. If the market again finds support then SHORT again and now it is OK to expect new low but again do not think in too much maximum S2-S3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #investing #fxtrading #fxtraders #traders #trading #fx
GBPUSD in consolidation mode after rising above 1.5240 level. An hourly close under 1.5190 expose support at 1.5160. Alternatively, a reversal above 1.522 clears the way for a test of 1.5150
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Short positions initiated @ 135.770 with target @ previously low.
#eurjpy #forex #fxtrading #investing #traders #fxtraders #forexsignals #trading #fx
USDJPY formed bearish BAT, possible trend continuation to 119.600. Target 1 @ 119.912 , Target 2 @ 119.754 . SL 1.13 of X-A. We can
also see ABCD move which ends around X of pattern ( marked blue ). Overall it’s quite good opportunity SL is above 2 structures.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
In addition to being in a long-term downtrend, the downside movement on the audusd has recently accelerated. MACD, RSI and SMAs are on the bearish side. In the shorter term, the downtrend is marked by the steep diagonal connecting the last 3 highs on the chart. A pullback to this diagonal may be a good short entry point. In case of an upside breakout of this diagonal, one would place a stop-loss right above it. For those who want to play it safer, you may wait for a pullback on the 50-hour SMA (pink on the chart) to open a short position.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The FX pair EURGBP is in a 1 hour chart downtrend. Short position initiated @ 0.71402
#eurgbp #forex #fxtrading #investing #traders #fxtraders #trading #fx
Bullish Gartley pattern. Entry at the 1.27 fib extension of the AB leg. SL goes below the psychological level 1.1300
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair looks begin to form a H1 or H2 correction. The bigger TFs trend is still bull but it has to be known if S1 falls than the correction just moves one TF level upper. To trade this formation Short position would be good to take until S1. The market will try to reach S1 or sometimes S2 in two bigger swing. And this can be traded. Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is just before its upturn. As how I wrote yesterday after that news the market will form its last downswing it is happened. This means maximum just a tiny down move is in the system but after it will head up and it will form new highs. This is also supported by the bigger timeframes players. To trade it take SHORT position with the TP of S1. And if the market pass S1 from that point it is good to change to candle stop. After it when the first sign comes LONG position can be taken with the TP of R1 and later R2. But do not expect to reach it R2 for today.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtradint #investing #traders #fxtraders #trading #fx
USD/CAD is currently in a range, bouncing upwards at the bottom of the range. I recommend a Buy trade, with a target at the upper portion of a range, below the top, for about a 1:1,5 R:R.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR USD. Price has consolidated after another surge higher last session, slowly drifting back toward the daily pivot area ready for the possibility of another move up. Price has a clear run to 1.1450 to retest the top of a daily channel which has contained the price since March 2015. Look to buy pull backs and ride the price up to this area.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The fx pair is just looks in some kind of base building to get some power before the bigger up move will start and the market is heading to R1 level. There are two version. Both TP are R1. In the first version the market will reach it fast and easy. In the other it will reach the TP in much messy way and it will form bigger corrections. Even it can come down to S1 level. To take Long positions this way is difficult. The only good is to not to think in big runs. Also if the second version is on than maybe Short position can be taken as well.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading ##investing #traders #fxtraders #trading #fx
GBPUSD chart setup warns of pullback risk. However, the potential for a sustained correction may be limited. Sellers interest would likely be renewed on a test of the resistance at 1.5415.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The price of Asset shown herein is inclined to ascend @ N.Y session. Position: Up @ N.Y session.
Trade details are as shown on chart herein for a Risk to Reward Ratio that sums to around 1:2
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Trying to trade the news, as fundamentals regarding USD Retail Sales for September just came out at 0.1% missing expectation from consensus at 0.2%, also RS ex autos came out with a low reading at -0.3% vs the expected -0.1% consensus. Going long as disappointing news from the US economy could trigger more Eur/Usd gains all the way to 1.1460 where major resistance awaits.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
It was close to get nice profit from BAT on non-farm news, because we were in consolidation from bearish trend, but bulls pushed a bit to high. Now we are testing breakout. if we are going to see some violation of up trend , then it would be good place to enter short. Entry around 120.050 SL above previous structure 120.415, TP to 119.050.
#usdjpy #forex #investing #fxtraders #traders #trading #fx
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The US Dollar may be readying to turn higher against the yen as prices carve out a falling Wedge chart formation. A break above resistance at 120, exposes the level at 120.28.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
Potential reversal zone around the psychological level (1.13000) and main resistance level with both structure and bearish trend line. We will sell if price gives indication of possible reversal.
#eurusd #forex #fxtrading #investing #traders #fxtraders #fx
Buying EUR/USD, as the pair rallied this morning and reached a peak at 1.1410, the pair then dropped until 1.1364 and managed to recover some ground staying flat around 1.1380 area. Three white soldiers have formed on M5, indicating a strong move to the upside. Targeting the 1.1425/35 area as this is seen as potential zone for a reversal and shorts will be awaiting here. MACD and EMA´s are still pointing north territory on M15, M30 and H1.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
Bullish Gartley pattern with completion at major support level, right above the 1.33000 psychological level.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
USDCAD may be working on an inverted head & shoulders. The next key level for progress is a break above 1.3330. A move above that level would open the door for a test of the resistance at 1.3415.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
AUD remains locked in a range below the 0.7070 figure against its US counterpart as prices await defined direction cues. Short- term resistance is at 0.707, a break above that on an hourly closing basis exposing 0.7125. Alternatively, a turn below 0.7025 clears the way for a challenge of 0.6950.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The price trend is now in the box so its borders ae now serving as support and resistance levels. So price has reached resistance level, we can now open a sell position wit sl 0.72640.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USD/CAD is in an uptrend and forming a potential wider double top reversal pattern at the resistance level. If a pattern gets completed and price starts to fall from around this area, I recommend a Sell trade with a stop loss above the latest top and a 1:3 R:R target.
#usdcad #forex #fxtrading #investing #traders #fxtraders #trading #fx
With the momentum to the downside looking for a pull back into support at big fig 50% fib level Stop just above resistance and
100 MA playing it down to the daily low keeping risk to reward 1:3
#audusd #forex #fxtrading #forexsignals #traders #fxtraders #trading #fx #investing
Change in trend and opportunity for a trend continuation trade. If the price goes up into previous support (which might become resistance) and the candle closes below the 55 MA we can short the market for a quick profit at the first support level (0.7084) or down into the next lower support level.
The pair is in a short term downtrend and made a pullback and small bearish candle was printed and MACD ans RSI converging which gave a clear trigger for entering an short position for the continuation of the trend. Take profit was placed before the first support of 1.52669.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The FX pair EURUSD is in a 1 hour timeframe downtrend. Long position initiated @ 1.08706. Be careful with Draghi’s speech today. Will add some volatility. #eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
This pair has literally been in freefall, dropping over 400 pips in trading over the past ¾ days after a failed breakout attempt above 1.3450.
The RSI is showing completely oversold and it is hardly surprising that it bounced off 7 year support after such a huge drop.
#usdcad #forex #fxtraders #investing #traders #fxtraders trading #fx