Forex-trade
EURUSD Medium Term 2 Months Ahead Trading Idea 23 Jan '18EURUSD projection for the next 2 months. At downside part of the channel EUR hit big support and activate buyers. Tomorrow is ECB rates decision and probably the European currency will continue to gain. USDJPY need correction to 108.00 levels, that indicates weaker U.S. dollar, not at all of course, but at this moment they are correlative. By Elliot waves in past 3-4 months present formation is really messy by x waves. At least we could expect C wave by 5 impulsive waves.
EURUSD Forex Chart, Trading plan.hey everyone i am beginner at forex. its my next idea. I have to know that. my idea is right or false.
please let me know please.
advance thank you.
AUDUSD HEAD & SHOULDERS BEAR SETUPAUDUSD is forming a Head & Shoulders pattern on the M15.
On break of support + RSI trendline, enter short trade with momentum.
If support holds, there is no trade entry.
GBPNZD DOUBLE TOP SETUPGBPNZD has just indicated a double top formation + RSI bearish cross signal.
We enter short with a healthy risk:reward ratio, with 3 main targets.
As short-term trend is bullish, we only stay short with momentum and exit on bullish price action near the targets.
GBPJPY Idea long retracement back up Fib and Stoch usedMy idea is that the pair will retracement to previous highs. Reward to risk ratio is there for a favourable ratio. SL employed to mitigate risk.
USDCHF - Short idea with tight SL and good reward risk ratioMy idea is that the downward movement will continue, the swiss currency looks to be gaining strength as the US dollar remains weak. Initial TP set at the 0% and it will be moved depending on time. I welcome comments and feedback on my idea.
LONG AWAITED NZDJPY SHORT!Been waiting for NJ to go down for a while now. Indicators showing a possible reversal, important trendline hit and resistance.
Looking at this one closely.
We continue to declineAt the moment, we observe that the pair is updating the annual lows against the backdrop of a stronger reserve currency and the pair has overcome the previously formed support level.
Our technical indicators point to sales and the MACD shows a strong divergence between the MA’s, which may indicate a strong downward momentum. The next psychological level for traders will be the mark of 1.12, which should be the next level of support for our pair.
Therefore, we advise you to look for points for entering short positions and consider your goals at the 1.12 and 1.1160 levels.
GOLD (XAU/USD) - Bullish Breakout SetupGold has just broken above tight consolidation on strong candles. We expect a pullback to retest the breakout point before it continues higher.
Long entry: 1208 - 1209
TP 1: 1215
TP 2: 1222
TP 3: 1238
SL 1: 1204.00
SL 2: 1189.50
SL 3: 1183.00
USDCAD - Bullish BreakoutUSDCAD has broken above a pennant on a strong candle. We expect price to retest breakout/support, and will look to enter long if it holds.
TP 1: 1.30750
TP 2: 1.31000
TP 3: 1.31500
SL: 1.29980
USDCHF - Approaching Major Resistance on the DailyUSDCHF is nearing major resistance and the RSI is cooling off from a big run. If prices can reach resistance in the near-term there shouldn't be enough momentum to push through, enabling a good risk:reward corrective short trade.
Pending Short @ 0.99762
TP 1: 0.9932
TP 2: 0.9907
SL: 0.9992
EURAUD - Double Top Corrective SetupEURAUD looks overextended with a double top + RSI divergence. We expect price to revert towards the supportive trendline, with a test of closest support first.
TP 1: 1.61550
TP 2: 1.60550
SL 1: 1.62520
SL 2: 1.63510
GBPJPY - Bullish ConsolidationGBPJPY is consolidating in a tight range on the H4 after breaking above its downtrend channel.
A breakout above the tight consolidation range may see price rocket towards next major resistance, whereas a break below will have a shorter fall where consolidation is expected to commence again.
EURGBP - Corrective Move on the DailyDoji forming to mark potential start of a corrective move up as price has extended down fast and hit support level
TP 1: 0.87700
TP 2: 0.88240
SL 1: 0.87250
SL 2: 0.86950
USDAUD - SHORTsetup for a swing trade, on the weekly chart there was a new higher high created with a double top which confirmed my thoughts that it will be followed by the creation of a new lower low, this will be shown on the 1 hour chart, good luck traders!
- Pauric Finnegan
USDZAR LONGAfter breaking resistance, market has come back to retest the levels it broke which I see as good buy areas.
South Africas economy is currently under a lot of pressure.
Any break above 15.32 would be a key precursor that we are heading higher
AUDUSD BULLISH CORRECTION SETUPAUDUSD has been selling off for the past few weeks, however we see bullish divergence in the MACD for a potential corrective wave up.
Price is making lower lows and MACD is making higher lows. This signals that bears are losing momentum and bulls will be able to steal momentum for a period.
Entry @ ~0.7200
TP:
1. 0.7240
2. 0.7285
3. 0.7310
SL:
0.71630
EURAUD SHORT SETUPEURAUD looks overextended after a significant rush of buying, reaching major resistance.
We expect a reversal from here towards the major fib levels, with MACD momentum not as strong as the previous rise.
High risk:reward trade
Short @ ~1.6130
TP:
1. 1.5950
2. 1.5885
SL:
1.1620
EURGBP FORECASTEURGBP is looking ripe for a correction from its recent upwards run.
MACD is signalling bearish divergence as price now sits near support.
We expect price to bounce off initially, retesting local resistance. If we see prices get rejected at resistance, expect a sharp decline down to the next support level.
Alternatively, price could breakout on either side, targeting the next set of levels shown on the chart. However, we see a bearish bias this week.
Trade idea:
Short @ ~0.9020
TP
1: 0.8935
2: 0.8945
SL:
0.9039
EURCAD Short at 1.5203Clear downtrend support are taken out, rezistance are respected. Short at round number 1.52 on most traded volume area of week could be great short oportunity where sellers absorbed buyers.
