The pair fail again to break the daily resistance line 1.3000. Since than price action continue to show a true lower movement, on the fourth hour chart we can see the development of the lower highs and lower lows. Stop can be placed above the November swing high at 1.1171.
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Possible long trade setup on EURGBP
Possible long trade setup on EURGBP, after break of the trend price came back to retest it, and this would be a good place to go long with stop lose just below the the trend,
LONG AUDNZD WITH TARGET +100 PIPS
THIS IS A POSSIBLE LONG ORDER ON AUDNZD FROM 1.1069 WITH TARGET 12.64 +100 PIPS
GOOD LUCK.
GOOD LUCK.
The USDJPY find strong resistance at 114.52
The USDJPY find strong resistance at 114.52, we may see more downside as correction move, waiting for december FED rate hike decision.
USDJPY has been following the US S&P 500 closely since the start of November.
USDJPY has been following the US S&P 500 closely since the start of November.
Possible bullish move on GBPUSD
As we can see on chart GBPUSD hit strong support at 1,3055 and push for more upward movement to hit the first resistance at 1,3226
Are Euro Bullish correction is done ?
Probably one of the more surprising events from what’s been a rather climactic 2017 has been the strength seen in the Euro-Zone. As we came into the year, the ECB had just extended their QE program, and many shops were calling for parity on EUR/USD. Given that the U.S. Dollar was surging up to fresh 14-year highs and also taken with the fact that the ECB remained extremely passive and dovish while a considerable amount of political risk was on the horizon, this stance could be justified. But, as…
Possible Short order EURJPY,Forecast
My Idea Based On Trend line , Channel Analyses. Without forgetting Fundamental analyses.
The single currency continues to drift lower as expectations for the first EU rate hike are pushed back into mid-2019. At a speech in Frankfurt on Tuesday, ECB President Mario Draghi helped to weaken the EUR further after he said that there were no signs of a credit fueled bubble in the euro area, meaning monetary policy will remain loose for the foreseeable future.
The single currency continues to drift lower as expectations for the first EU rate hike are pushed back into mid-2019. At a speech in Frankfurt on Tuesday, ECB President Mario Draghi helped to weaken the EUR further after he said that there were no signs of a credit fueled bubble in the euro area, meaning monetary policy will remain loose for the foreseeable future.
Swing Trading
Swing Trading - A method of trading by making relatively short-term investments in order to profit from short-lived trends