I see intraday trading opportunity on AUD/USD. The 4H chart divergent, the hourly trend line seems to be breaking, which promises us a great Risk-Reward ratio. The next strong level is around the 4-hour trend line, which can be our target price.
Great buy potential on the USD/CHF pair. An engulfing pattern on a daily chart and RSI divergence on a 4-hour chart indicate a possible trend reversal. I would call the target price the closest key level, which is associated with a great risk reward ratio of 1: 3.
I see a swing trading opportunity on EUR/USD. The price has reached a weekly trend line and we have been moving upwards without correction for a long time. If an engulfing pattern or a doji appear on the trend line, opening a short trade promises a great Risk-Reward ratio.
Weekly swing trade on the GPB/CHF. The price is at the bottom of the channel, in case of a breakout, a trade with a great return risk ratio can be opened. The weakening of the pound is expected on a fundamental basis. (failure of customs negotiations with the EU.
After a full day of strengthening, a correction is expected on the GBP/JPY chart. The price is at strong resistance, the rsi is overbought. Target price is Fibonacci 0.5 zone, where there is also a key level.
In my opinion the biggest opportunity in this week is EUR/USD . RSI is divergent on both the daily and 4-hour charts, and there is a strong resistance to the price. In the event of a EMA 50 break, we can open a great risk-reward ratio trade.
On the GBP/JPY chart, the price moves in a channel again. Good Risk-Reward ratio, and the RSI, the key level break and the EMA 50 confirm the forecast. Target price at the bottom of the channel.
A longer-term trade is outlined on the NZD/USD chart. A double top pattern is formed on a daily chart, and the RSI is also divergent for a couple of days. The price also seems to be bouncing off strong resistance. If the support falls, we have the opportunity to trade with a high risk-reward again. This idea is in line with previous EUR / USD plans, as both graphs...
I see today's opportunity on a GBP/CAD hourly chart. A trend line break has occurred, however, RSI is close to the oversold range. A retest may follow back to the trend line, after which another wave of sales may break through the key level as well. This is an excellent short option for us, with a pending order we can easily board when it happens.
Double top pattern on GBP/USD chart. RSI shows divergence, so breaking the support seems more likely than continuing the trend. With a pending order, we can easily catch any breakout under the support. For a target price, the next key level may be a good choice.
Currently the AUD/USD pair heading towards to the bottom of the channel. After the breakout ,I expect a retest from the trendline,before the price starts to fall again.
I expect a trendline break on the USD/CHF chart. The price is at the intersection of key levels and trend lines, which, if breaking, can generate a lot of movement. The fundamental background is also favorable for the strengthening of the dollar due to favorable USA data. RSI divergence confirm the idea.
Possible breakout on the GBP/JPY hourly chart. The channel has been going on for a long time, now I see a better chance of the breakout. After a breakout, I count on a retest, followed by a key level break. Great Risk-Reward ratio. The RSI divergence also works for us.
Wedge pattern on the EUR/JPY chart. The wedge usually indicates the correction phase of a trend, this means, the break of the wedge pattern is trend-oriented in most cases. This is also confirmed by the RSI divergence. We also get an excellent risk-reward ratio,for a great short trade.
First wave of the Elliot has reached an end on a key level, correction is expected. Fibonacci 0.382 level is overlap with an another key level. I expect the third wave (the end of the correction) there. The Fibonacci extension 61.8's line overlap with an another strong level.Likely we can estimate the third wave's strength. The Central Bank reduced the interest...
GBP/USD is currently close to strong key level. If the support breaks, there is a great opportunity to make a trade with a good Risk-Reward ratio. There is also a high chance of breaking the trendline, and RSI divergence confirm the idea.
The price came to a strong hourly resistance, from which I expect to bounce back. The RSI shows divergence, and the excellent Risk-Reward ratio also supports the opening of the short position. Target price is the 0.5 level of Fibonacci, which overlap with a strong key level.
Short option on the bitcoin chart. The price is at the top of the wedge pattern. RSI shows divergence. If the wedge breaks, the target price can even be the next support. Great Risk-Reward ratio.