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At Pivot, price weakening. Short at this level. SL at 120.10. TP at S2
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GBPUSD continues trading in range. Price is retesting support at the 1.5230-20 area. In the event that values of support hold, it raises the possibility of prices returning to values of resistance. Alternatively a breakdown below 1.5320 would signal an end to current range market.
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USDCAD has broken through a trend line support. Wait till market to retrace back to the trend line at 1.31918 levels for a short position
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The FX pair USDCAD is in a 4hour chart uptrend. Wait for price correction at uptrend line to go long.
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The GBPUSD is attempting to breakout this morning. However price found resistance at 1.5380. A breakout above this value, would be a bullish scenario.
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With more event risk still to come, a downside break below 1.53, will keep the short bias in play targeting 1.5180
- At Pivot, price consolidated and recover. Go Long at this level. SL at 183.35. TP at R2
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- At Pivot, price weakening. Short at this level. SL at 1.5480. TP at S2
#gbpusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
AUDUSD may be working on a double bottom. The next key level for progress is a break above 0.7036. A move above that level would open the door for a test of the resistance at 0.7104.
Selling EUR/USD, as the pair has been on a clear downtrend this entire morning, RSI currently stands well below its midlines on all timeframes, and EMA’s crossover remains favorable to the downside.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR/GBP came into support area and is forming some form of a double bottom with a false downside breakout of the latest previous low. I recommend a Buy trade with a stop below the latest low and a target of approximately 1 : 3 Risk : Reward Ratio.
#eurgbp #forex #fxtrading #investing #traders #fxtraders #trading #fx
Selling EUR/USD, as fundamental news regarding the US ISM Manufacturing PMI slightly surpassing expectations at 50.1. Shorting the pair as RSI hovers below its midlines, and in the short term EMA’s are favoring the downside. Nevertheless, EUR/USD is trading range bound between 1.1000/1.1050 today.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
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the pair has develop an short term downtrend and made a pullback and small bearish candle was printed which gave a clear trigger for entering an short position for the continuation of the trend. With the initial good news from USA, the GBP hold better than EUR, which gave an extra edge for shorting this pair.
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Previous support has been broken-> trend continuation trade.
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EURUSD has broken through the support trend-line at 1.102500. Wait for the market to retrace back to 1.10253 levels to sell for 1:2 risk to reward.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
USDCAD in consolidation mode after rising above 1.3250 level. An hourly close under 1.3225 expose support at 1.319. Alternatively, a reversal above 1.3280 clears the way for a test of 1.3350
USDJPY continues trading in range. Price is retesting resistance at the 120.20-30 area. In the event that values of resistance hold,
it raises the possibility of prices returning to values of support. Alternatively a breakout above 120.3 would signal an end to current range market.
#usdjpy #forex #fxtrading #investing #traders #fxtraders #trading #fx
EUR/GBP is currently in an uptrend on M30 but also in a larger range between 0.7195 and 0.7358 area, nearing a probable strong resistance level. I recommend shorting it near resistance, with a 1 : 3 Risk : Reward Target.
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AUDUSD 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 0.7298.
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The FX pair USDCAD is in an uptrend and just touched the trend line. Go long after breakout the previously high (4 hour candle).
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After droping until resistance level 132.290 eurjpy has formulated a corridor betwee 132.29 and 132.8. It is a good chance to trade inside that corridor. To buy near support level with sl 132.200 and sell at resistance level with sl 132.900.
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