Discussion in 'FOREX and CFD forecasts (metals, shares, futures)' started by Tengkorakfx, Dec 27, 2018.
USDJPY is on the watch for tomorrow. Watchout for a retracement acound this demand area...
Another one to watch is GBPCAD since the price hit the supply area. A break of a trendline would be the first indication of a downward movement
Let's go for EURUSD this time, look for selling opportunity around this supply area, better zoom in for precise sell
Another one to watch is Gold, a swap zone is a good area for buying as the price still retracing from a previous uptrend
Some pairs had some gain due to the current outbreak. I noticed that USDJPY is hitting lower trendline that I put it here. You can see here as a base of your analysis
The next one is EURUSD that I noticed it got stronger on the past few days. Expect retracement before the next buy
What is the current condition of the EURUSD is happening with the COVID-19 coronavirus pandemic ??
A bit manipulative since some of the big traders were taking some profits. But it doesn't mean that the market is not moving later
I've seen some taking profits were taken by the big traders. Now We just observe how the market is going to be for the few days till it's turning back to normal. First, let's start with GBPUSD where I spot a demand but with a huge momentum coming
The next same pattern goes on GBPJPY. But don't sell yet since it has not show any reversal price action there
Will it continue to Sell positions for the EUR currency pair?
I think for this moment, the price is quite volatile. because of Corona virus, so just follow the trend and we have to wait until market is back to normal. just keep your trading spirit.
I'm not recommending to hold position for too long since the market has been extreme lately. Better to secure your profits and look for another opportunities
Yes, I do agree. Better to make short term trades rather than long terms. Better to secure profits minutes/hours after you open the position and see for another trading setups
Gold making symetrical triangle. Wait for a break and open according to which direction it breaks later
Another opportunity on USDCAD where we can expect a Fakeout at upper supply area. Just observer or place a sell limit with SL above the area
I bet you guys made profits on the two previous setups I've made last Monday. Well congrats
Here you go for another trading week. This time wait for the NFP on Friday. One setup on EURUSD
Another one is from NZDUSD where it is also a sell setup
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