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TRADE OF THE WEEK | Classic Key Level Trade 💰 I was warning you for many weeks that 6-years-low is ahead on EURUSD. Being very oversold, the market would definitely bounce from that. Once the underlined structure was reached, I spotted a double bottom formation on 4H time frame as a confirmation. Bullish breakout of a neckline was a perfect trigger to initiate buying. Then the market bounced nicely and it looks like it may even go higher. Did you catch this move? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
13
GBPUSD: No end in sight for Cable fall!!GBPUSD Intraday - We look to Sell at 1.2400 (stop at 1.2515) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 1.2070 and 1.2000 Resistance: 1.2500 / 1.2800 / 1.3000 Support: 1.2000 / 1.1500 / 1.1260 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBPJPY UPDATE GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is in the form of this rising wedge giving us more confluence showing us we can be looking for potential move to -0.272 fib extension - waiting on the micro TF for potential entry confirmations.
Short
by ITSCRYPTO1
3
EURUSD UPDATEEURUSD has been following my projection perfectly since my previous update and has now made a retracement to form a new LH and retest previous support as new resistance. If you managed to capitalise on a long i would be looking to take profits here as i am expecting the continuation to the downside to follow, DXY is currently retest demand and a fresh rally will push down EU. We will be monitoring PA on lower TF with students and patiently waiting for a possible short entry according to our strategies only if rules are met.
Short
by ITSCRYPTO1