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AUDJPY Trading at Support level Of Descending TriangleAUDJPY was trading in Descending Triangle pattern and also it is trading near the support line of Descending Triangle pattern. If the price level closes below the support line of descending triangle then we might see further downside in pair. Trader can catch 50 to 100pips of downside by taking short side trade on pair, if it breaks out from the descending triangle pattern. Like/Comment/Follow Us For More Idea Note - Trade with Proper Risk Management System Only Thanks
by Fx_Trader_ViSa
1
GBPCHF Trading At Resistance LevelGBPCHF is consistently trading in rising wedge pattern from its bottom to the current price level, pair is facing some resistance from which we might see some price pullback and breakout of rising wedge pattern on the downside for downside target will be supporting zone level as you can see in the chart and if the pair manages to break the resistance we can see further trade continuation for a longer-term. Like/Comment/Follow For More Idea Note Trade With Proper Risk Management System Only Thanks
by Fx_Trader_ViSa
2
GBPJPY: LONG TRADE SETUPGBPJPY's corrective recovery from 123 lows extended higher the previous week as the currency ended with some bulls pushing an uptrend in price, GBPJPY seems to have found and created support in the previous week, I expect this trend to continue up until somewhere around 138-140 before we might see some exhaustion. Could this be a corrective phase for a further downside or the bull market is here ? Time would tell if the resistance level at 147 is broken or rejected. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
2
NZDUSD Long Opportunity!Hello traders! At this moment NZDUSD had a strong rejection from the bottom of the daily channel. There was previous support zone . Short term target will be inside the channel. We need to see how the price will break the TL for more Upside. Wait for a corrective structure similar with the one we had before. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the LONG opportunity . Follow me for future updates. TRADE WITH NO EMOTIONS!
Long
by IQ
2
BTCUSD - Pennant/Wedge Bounce LongHello Everyone! Im always looking for money moves in the markets, and am hoping to capture a nice little 2-3% gain on BTCUSD. Price is currently bouncing around inside this wedge pattern. I am keeping an eye on it to see how it reacts to the support level of the wedge. If we get a bullish momentum candle off the bounce I will look for a long entry once the candle closes and verifies momentum shift. This would be a quick in and out trade as I would shoot to take profit at the top of the wedge, again hoping to catch a nice 2-3% gain. Thoughts? Happy Trading!
COINBASE:BTCUSDLong
by frdmtrading