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GBPUSD D1 - Short SignalGBPUSD D1 - Big daily timeframe again, we have yet hit another 100 pip threshold. Possible shorts here from the later rally extension, relief rally for the USD as we have seen it lag in recent trade. Would ideally like some price action confirmation on the H4 atleast, failing this, we may breach upside, then we can simply prepare for the break and retest play. A correction would typically be expected though, after such a streak of bullish H4 candles.
Short
by Trade_Simple_FX
1
EURUSD D, ABOVE 1.0189 TARGET 1.0268 & 1.0368EURUSD made a false break below Strong Support 0.98999, and the rebound. After That, EURUSD HIT TARGET at 1.0078, 1.0134, 1.0189. As we talked at previous idea, "While Above 0.9899, EURUSD then Potential Rebound To 1.0078, 1.0134, 1.0189." Now, Can EURUSD rebound continue? If EURUSD Break Above Fibo 61.8% 1.0189, then Potential Target at 1.0268 & 1.0368. Strong Resistance at 1.0368, If Break, then Bullish. But while EURUSD still Below Fibo 61.8% 1.0189, it Still Bearish. Strong Support at 0.9899, If Break, then Bearish Continue To Target 0.9840. Next Bearish Target 0.9710. (From AB=CD pattern, where D=0.9710).
Long
by Wahyu_Luck
NZD/USD for long? There is a potential inverted head and shoulders pattern on the nzd/usd chart. So it all depends on the CPI numbers; if we see a price drop to the 0.6060 area, and if the CPI numbers come in lower than expected, we can consider the scalp long position relatively safe at that point. Higher CPI numbers are very likely to extend USD strength (in which case you can wait for the bullish pattern to fail and go short), so don't anticipate the numbers and wait for clarity.
by merjemascerija
GBPUSD- 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
by Tradelikemee
EUR/AUD for long (hourly tf) Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the downward movement (which should be a retracement) accelerates down, then wait for other confirmations. But for now we have a lot - daily confirmation, Macd bullish divergence (1 hour) and 1st higher high.
Short
by merjemascerija