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Showing posts from January, 2017

Usdjpy targeting 116.30

Usdjpy has made double bottom at 112.60¥ and rallied 200 pips Today the pair was very suppprted on the 1h timeframw at 113.15¥ and now after hitting previous resistance at 114.85 , the pair pulles back to test support at 114.30¥ The pair will find somw resistance at 115 handle and have strong support at 114.10-30 area , below which 113.65¥ will be very good opportunity to go long again targeting 116.30¥ Wish you all profitable trading If you want to copy my trades and make consistent monthly income ;  Subscribe to my signal on mql5 : https://www.mql5.com/en/signals/221947

Brent capped by trendline

Bears are still in control of brent after reaching multi month high of 58$ . As you can see below , it is still capped by bearish trendline on the 1h chart and broken a rising support trend line. Wish you all profitable trading!!! If you want to copy my trades and make consistent monthly income ; Subscribe to my signal on mql5 : https://www.mql5.com/en/signals/221947

Eur/usd broke trendline

The pair has been climbing over trendline since 1.0330$ reaching major resistance at 1.0770$ which was the price before draghi press conference last december. The pair has broken that trendline and it is expected to test the lower trendline and the 200h moving average both lying at the area between 1.0650-80$ So it is recommended to short the pair at current area 1.0725-1.0745$ targeting above mentioned area. Wish you all profitable trading

Trade ideas for GBP/USD

Here is what I see for GBPUSD only in-case of a daily close above the area 1.248-1.2520$ . We will see a rally towards the area between 1.29-1.31$ and then a test of the 1.2680$ area for continuation of the up trend . On the other side , If we see an hourly close below 1.2340$ , we will roll back to 1.2230-50$ area...If we see a break below this area , then we are going to below 1.20$ again. So , Possible trades here are , long above 1.2520$ (daily close)  targeting 1.29-1.31$ Short below 1.2340$ (hourly close) , targeting 1.2250$.. You can also long the pair at this area again at 1.2250$ area with sl on hourly close below the trend line. And going short on the break of that line targeting 1.2080$ and below if it doesn't hold.

GBP/USD rejected by trendline

The Pair rallied on Friday till it got rejected by trend-line on below chart on the 4h time-frame. it is recommended to sell the pair on testing the trendline, if broken , you should be on the buyers side till 1.2430-60 area . It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of  intraday support for the pair .