follow the trend until the end wait for the break and retest.
the trend is to the upside
if the price breaks our resistance level, after the pullback I expect more continuation to the upside
Forexeducation
keep following the trend the trend is to the upside
level of resistance now turned support
i expect more continuation to the upside
trend is your friend The trend is to the downside, price is respecting the trendline.
if the price breaks our horizontal ray after the pullback I expect continuation to the downside
Our NZDJPY is Bullish/Buy - Final target still 540 pips out!Hello traders;
Here is your NZDJPY Focus for today;
According to our Currency Strength Meter Mark, the NZD reads stronger than the JPY, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
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Inverse head and shoulder patternInverse Head and Shoulders
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
CASINO'S REMEMBER LOSSES AND GAMBLERS REMEMBER WINSHave you ever heard the saying that the casino complains about their losing days and every gambler brags about their big wins?
Well the same thing applies to traders. Diligent traders remember their big losses rather than their wins, where losing traders remember their big wins.
Sticking to consistent small gains over time rather than targeting huge wins is a staple of every great trader.
price respecting the trend line trend is to the upside,
level price respecting the trend line,
now waiting for the momentum shift.
expecting a move to the upside
AUDUSD daily price trend correction, before another bearish legHello traders;
Here is your AUDUSD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
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EURUSD Sell zone highlighted with yellow box on chartHello traders;
Here is your EURUSD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the EUR, thus only looking for BEARISH /SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
I will be watching this pair carefully, and looking for a swing shorting opportunity if it goes into my colored zone from 1.1620 - 1.1660. My potential stop (1.1760) and take profit (1.3000) is also outlined on chart.
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head and shoulder patternThe head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time.
The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.
EURUSD BREAK DOWN WITH AYANDAHi guys, i hope ya'll good.
let us look at EURUSD for this week, as we can see that Euro Dollar is currently under a very significant zone/area which is our daily previous close, and is from our down trending support, that means we can expect a push further up but we will be reactive not predictive within this trade, because the structure is not fully formed as yet as to what it is going to do.
Wishing all of ya'll guys a profitable week ahead
TAKE IT EASY TEAM
price failing to break previous HHprice is failing to break previous HH
If its breaks to the downside, after the pullback I expect a move to the downside
possible longTREND is to the upside
LEVEL previous resistance turned support
.
I am expecting continuation to the upside targeting the previous high
US30 SetupHi Guys hope yall good
So today we will be looking at US30 for a short position.
this asset is currently retesting our down trending resistance and has tested and rejected our 0.618 feb level, however though we will be reactive not predictive towards this trade, we will be monitoring it and add it to our watch list.
Our USDCHF Forecast is Bullish/Buy! Reversion back to mean: 0.97Hello traders;
Here is your USDCHF Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the CHF, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
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Have A PlanHave A Plan
(Plan Your Trade And Trade Your Plan)
Successful forex traders always plan their trading and trade their strategies accordingly.
Comments
some weak rejections price is making LL and LH,
the trend is to the downside,
previous support now turned resistance,
after the pullback, i expect continuation to the downside.
possible longtrend ,is to the upside
level, previous resistance turned to support
after the pullback, i expect continuation to the upside
Our USDCAD Forecast is Bullish/BuyHello traders;
Here is your USDCAD Focus for today;
According to our Currency Strength Meter Mark, the USD reads stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
SIDENOTE: USD strength is hugely contributed to rising rates, and tightening of monetary policy in motion. We believe the pair has bottomed out in July at the 1.200 exchange rate, and now on its way to prior extreme monthly chart highs. The Canadian dollar is slowly being distributed out for US dollars, hence the range, and some bullish pressure in crude oil also keep CAD afloat, once these to factors come to end, we are likely to see USDCAD blast through resistance for good. Time is ticking down for USDCAD to make any meaningful push to the downside.
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ascending triangle wait for the price to break the resistance level
after the pullback, I expect continuation to the upside
descending triangle wait for the price to break and close below the structure
after the pullback, I expect continuation to the downside
Our AUDJPY Forecast is Neutral to slight bearish pressureHello traders;
Here is your AUDJPY Focus for today;
According to our Currency Strength Meter Mark, the JPY reads slightly stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
Thank you.
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Our AUDNZD Forecast is Neutral to slightly bullishHello traders;
Here is your EURUSD Focus for today;
According to our Currency Strength Meter Mark, the NZD reads slightly stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair.
NB: These reading apply best on H8 to daily timeframes, and fluctuate from time to time.
Thank you.
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