theforexarmy

theforexarmy

Buy above 1.2969. Stop loss at 1.2937. Take profit at 1.3010. Reason for the trading strategy (technically): USDCAD bounced nicely off its support at 1.2969 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3010 (50% Fibonacci retracement, horizontal pullback resistance)....

theforexarmy

Sell below 0.7227. Stop loss at 0.7265. Take profit at 0.7144. Reason for the trading strategy (technically): AUDUSD reversed off its resistance at 0.7227 (61.8% Fibonacci extension, 50%, 38.2%, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7144 (61.8% Fibonacci retracement, horizontal...

theforexarmy

Sell below 1.3164. Stop loss at 1.3221. Take profit at 1.3065. Reason for the trading strategy (technically): GBPUSD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.3065 (horizontal swing low support). Stochastic (55, 5, 3)...

theforexarmy

Sell below 1.5245. Stop loss at 1.5296. Take profit at 1.5153. Reason for the trading strategy (technically): EURCAD is testing its resistance at 1.5245(61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5153 (61.8% Fibonacci retracement, horizontal swing low support) is expected....

theforexarmy

Sell below 74.13. Stop loss 74.47. Take profit at 73.15. Reason for the trading strategy (technically): NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap...

theforexarmy

Buy above 0.6540. Stop loss at 0.6522. Take profit at 0.6572. Reason for the trading strategy (technically): NZDUSD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is bounced off its support at...

theforexarmy

Buy above 1.1244. Stop loss at 1.1202. Take profit at 1.1303. Reason for the trading strategy (technically): EURCHF is approaching its support at 1.1244 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 1.1303 (61.8% Fibonacci retracement, horizontal swing high...

theforexarmy

Buy above 1193. Stop loss at 1186. Take profit at 1204. Reason for the trading strategy (technically): XAUUSD bounced nicely off its support at 1193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1204 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is bounced off...

theforexarmy

AUDJPY reversed off its resistance at 80.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 79.77(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.

theforexarmy

GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.

theforexarmy

Sell below 74.11. Stop loss 74.50. Take profit at 73.19. Reason for the trading strategy (technically): NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.19 (50% Fibonacci retracement, horizontal overlap...

theforexarmy

Sell below 80.65. Stop loss at 81.12. Take profit at 79.77. Reason for the trading strategy (technically): AUDJPY reversed off its resistance at 80.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 79.77(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal...

theforexarmy

Sell below 1.8256. Stop loss 1.8320. Take profit at 1.8172. Reason for the trading strategy (technically): GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support)....

theforexarmy

Buy above 1.2966. Stop loss at 1.2933. Take profit at 1.3039. Reason for the trading strategy (technically): USDCAD is approaching its support at 1.2966(61.8% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3039 (23.6% Fibonacci retracement, horizontal pullback...

theforexarmy

Sell below 1.1656. Stop loss 1.1694. Take profit at 1.1567. Reason for the trading strategy (technically): EURUSD is approaching its resistance at 1.1656 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.1567(61.8% Fibonacci extension, 61.8% Fibonacci...

theforexarmy

Sell below 0.7212. Stop loss 0.7276. Take profit at 0.7130. Reason for the trading strategy (technically): AUDUSD is approaching its resistance at 0.7212(100% & 61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7130 (61.8% Fibonacci retracement, horizontal...

theforexarmy

Sell below 1.3077. Stop loss at 1.3179. Take profit at 1.2931. Reason for the trading strategy (technically): GBPUSD reversed off its resistance at 1.3077(61.8% Fibonacci extension, 61.8%, 50%, 23.6% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.2931 (38.2% Fibonacci retracement, horizontal...

theforexarmy

Sell below 85.45. Stop loss at 85.97. Take profit at 84.70. Reason for the trading strategy (technically): CADJPY reversed off its resistance at 85.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 84.70(50% Fibonacci retracement). Stochastic (55, 5, 3) reversed off...