GBPAUD. There is a very strong zone at 1.84
We have seen several attempts to break through it rejected.
Moving Average may provide some short term support
The EU/UK Brexit deal which is gathering more press may well blow this trade out of the water, but i like the risk reward.
The bearish candles suggest sellers are acknowledging the zone. #gbpaud#currencytrading#fxtrading#supportandresistance#fibonacci
Please excuse my poor drawings - it ain't easy !
EURNZD -0.26% has displayed some textbook trading opportunities using simple trendlines .
From 1.6580 we had a fantastic bullish run, with buyers entering the market on the trendline .
The market stalled at 1.7369 and we formed a descending wedge - again buyers and sellers used the trendlines to execute their positions.
As soon as the wedge was broken, we saw a 600 pip move.
This bullish run ended with a break to the downside and a re-test. The sellers are in control now.
I am not entering any positions on this now, as the initial trade setup has passed (don't chase trades!).
I will wait to see what structure forms, and take a view from there. #eurnzd#fxtrading#breakouttrading#supportandresistance#daytrading#currencytrading
USDCHF - 4hr
Price has been respecting structure and with the weakening of the dollar currency, short positions are considered! We recently rode the 157 pips to the downside and got stopped out with a trailing stop! We drew the fibb levels to anticipate a rejection at the golden retracement and price did exactly as we predicted! Come level up your skills with our signals! LINK IN BIO #forex#forexsignals#supportandresistance#technicalanalysis
2 222 days ago
Euraud daily - We've had an overall uptrend on this pair for months on end and price keeps making new higher lows as it rises, having completed an ascending triangle, which is a bullish pattern, were looking for a trend continuation! Price was initially rejected and made its way back to the psychological level 1.60681 on its second attempt and broke out without any struggle! With everybreakout, comes a retest, price is trading at the previous resistance turned support!
The Euro currency index line chart is suggesting a rather rejection short term of the euro.
If we break the level, we'll see price pulling back to retest the trendline and find buy orders at the 61.80% fibb level.
I'll be watching price action closely for buying opportunities.
We're a running a trial on our signals, take advantage of the trial and join our signal group. LINK IN BIO #forex#forextrading#supportandresistance#forexaignals
I literally woke up, grabbed my iPad, opened the charts for EU, and after a quick analysis, saw this set up already unfolding so quickly entered Long and the rest is history...Smart Money FTW
(Edit: One thing I still need to learn is where I place my stop when it comes to lettting trades run, keep putting them too tight so I got hit out and now market is pushing up again so all the extra MONEY I could have made is GONE, I should try focus on pips rather than the moneyyy)
Yesterday was easy, today was...kinda easy once you look past the manipulation, sadly was sleeping when that second manipulation for EU Long took fold, that would have been the best trade to take for the day, today was Aite let’s hope tomoz is better
It’s weird when a trade you planned out happens with mad accuracy cuz you’re there like “I CAN SEE THE FUTURE” 😂😂😂
[Edit(16:29):Although it's demo acc I still wish I held on and just moved my stop loss, today was a crazy ass move]