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08.04.20 London. Usd Short , Long GbpUsd/Jpy price is around 106.00 range. Broke Monthly Level and finally came back to revisit that level. Previous Daily closed as rejection. Forecast is Usd weakness & yen strength. Rejection of 71% Fib Level. EMA 20 resistance on a Daily Time Frame. Closed below 20 EMA on a lower time frame. Counter trendline 1 hr? Us News at 5:15 am PST Non-farm Payroll. News 7 & 7:30 Am PST. GbpUsd - Bullish momentum. Broke thru monthly Level . Came back to revisit. Looking at GBP strength since US is weak against yen. Looking to buy. Structure is retesting broken key level. Daily closed doji. indecision. Waiting to break structure on a lower time frame. waiting for counter trend line to break 1hr. Daily EMA cross-over. Holding above 20 EMA as resistance. Will revisit pair . I have some alerts on price.
Short
by Eric_Cee
Descending Channel Breakout Pull Back and ContinuationMy expectation of this pair is for it to continue up towards the top of the longer-term ascending channel for a third touch. Once the price is at this level My bias would then be short, that is probable. However, what is possible is a long term break, this is why I will wait for confirmation before taking a position. A break from the descending channel confirms a long position, once the pullback to the 50% fib was confirmed with momentum to the upside I entered. Entry - 1.26708 SL - 1.26418 TP - 1.29729 Depending on price action I may close half my position halfway to my TP target. SL will be moved to breakeven once the first pullback and continuation have happened.
Long
by crooksyy
JOURNEY SOUTH?The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss. Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are true trend followers. Trend continuity trading is not trend-following. Of high importance with 'stalking' any particular trend - because losses can be heavier - is the entry point. For example the ideal entry point in the chart snapshot would have been close to 26000. Anything much lower than that means risking heavier losses. I'm often asked if A, B, or C instrument is heading north or south. Most traders when they ask this sort of question are not thinking in terms of time frame. They're mainly looking at price and thinking R:R ratio. In trend following all you can do is control the loss. You do not know how much you may eventually gain. That's why it's very scary! But this is not a tutorial on trend following techniques or strategy. Overall though, one just has to pick a trend control loss and follow on that chosen time frame. It could be a lowly 1 min trend to a higher 1H trend - whatever you want so long as you can take the loss without flinching. I almost never get involved with higher than 1H trends these days. For those new to trend-following, from my experience, a simple 5 min trend can take up to about 2 days before it reverses. A 15 min trend can last several days. 1H trends can last a couple weeks. Of course, they can be very short lived too. Trend followers will also use harmonic patterns and other methods to assess key entry points. So 'we' don't have a problem with other methodologies. We'll use anything to get a pound of flesh out of the markets. But following the trend is the big thing. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Education
by Captain_Walker
Sunpharma 10 July 2020Sunpharma 10 July 2020 Sunpharma buy @ 490 We have given this signal with the trend on daily charts comparing the 1he candle chart trends since 1 month. Clearly a winner deal. Book profits at good levels clients. Sunpharma levels are clearly explained in the picture.  Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.  In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.  Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .  It’s a good idea to short sell at the current price as it’s averaging there.  Top resistance and Support is given clearly.  However average sell can be given at current price.  The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.  Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.  Contact me for more analysis and recommendations. 
NSE:SUNPHARMALong
by krishnakanth_kk