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EURUSD- Potential Bullish continuation?!Technical Analysis - EURUSD has been in a uptrend since 25th may 2020 and has shown strong bullish momentum ever since. - There has been loads of confluences shown in the higher time frames which indicates that we should be looking for buy this pair. - 50 and 200 EMA added confluence to go long as it shows bullish trend on the higher timeframes. - On the 4 hour we can see an ascending triangle which is another confluence for me to buy and a good opportunity for me to enter on the reversal of the resistance turned support of the triangle. Fundamental Analysis -The fundamental news for the this week shows loads of high impact news on the US Dollar 10 high impact news releases for the week. -These impact news include news : retail sales, crude oil inventories, fed interest rate, FOMC press conference and many more... I would be wary trading around these news releases as impact news can have a major impact on the EURUSD pair such as price spikes, sudden change of trend. Sentimental Analysis - According to COT Data, there has been a large amount of orders as 62% of short positions have been placed on the US Dollar in the past week by commercials (banks). - This could show that there could be a potential reversal in prices to the downside to catch out the retail traders who are long on this pair. Please make sure to follow, like and comment your ideas/opinions on the EURUSD!
by LDForex_
2
CHF/JPY | Potential Downward Movement💡 Trade Idea 📉 Sell Limit CHF/JPY @ 117.07 🎯 Target Profit 116.12 🛑 Stop Loss 117.29 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
Short
by CollegeofPips
US30 seeking new highs forget lows!I’m predicting US30 will continue climbing into unknown territory for this group of achievers. Since I’m a newbie in indices tradering I find scalping on a five minut chart to be most beneficial and after this restest daily candle for MONDAY I expect price to continue the uptrend into 30,300 and higher. Get your computers ready, the mist poltical confusions means more economic gains for retail traders.. we not here for a long time just a short time. Grab your pips and leave! Play both sides and stick to your trading plans. Times are uncertain but we must take control of our income and NOW IS THE TIME TO TELL THE POLITICIANS WE THE PEOPLE STILL ARE THE LEADERS NOT THE SERVANTS!
FX:US30Long
by HeyWhit
2
EUR/GBP | Potential Upward Movement💡 Trade Idea 📈 Buy Limit EUR/GBP @ 0.9000 🎯 Target Profit 0.9125 🛑 Stop Loss 0.8939 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price failed to close below the daily support 0.8866, and it posted a double bottom indicating a reversal from downtrend to an uptrend. Now, the price is trading around the neckline of the double bottom and we expect a lower correction before a move upward to the 0.9125 mark.
Long
by CollegeofPips
10
NZDUSD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: NZDUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes. on H1: NZDUSD is forming a channel in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and sell on its break downward. Trigger: Waiting for a momentum candle close below the gray area to sell. NB: Until the sell is activated, this one would be overall bullish . Good luck!
Short
by TheSignalyst
1