EURAUD: Draghi as Italy's PM? Speculative longs in playHello,
in the coming days the market will probably focus on Draghi and his possible PM position in Italy.
Theoretically, it has a chance to be positively received by the market (at least in the short term).
The single currency vs the Australian has a chance to return towards 1.60 and above.
Long on pullback to the region of 1.5650
Stop below 1.5575
Target 1: 1.6010
Target2: 1.6160
Target3: 1.6400
Good luck
Fxtrading
EURUSD - WEEKLY ANALYSIS EURUSD - Follow the levels for upcoming week, based on trend lines and price action it is expected to go upside.
My approach will be a buy here at current price 1.21300
Maintain stop loss around 1.20400
Potential downside target 1.22800
Trade as per your risk appetite, I will be glad to see your likes & comment.
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GBPUSD H4 - Short Trade SetupGBPUSD H4 -
We are still trying to break above that 1.37 handle, USD weakness again as we crack beneath the latest s/r zone on the DXY. Analysis to follow.
1.37 is the latest breakout high... as well as a whole number resistance price. From 1.37 down to 1.36 offer 1:5R, looking to capitalise on this if we approach 1.37 with reversal signals, lower timeframe break and retest or H4 price signals.
EUR/GBP Bullish: After sharp decrease it is going to increaseFirst of all I want to say that I am not professional on Forex Trading, I saw EUR/GBP and analyze it. Before The New Year, because of some fundamental reason EUR/GBP decreased sharply, now it try to catch up past level. In the analysis I draw 3 take profit line and I believe that it will come to third take profit line until this Friday or next week Wednesday. But there is one thing you should watch if price can not break any of this take profit line after some tries, most probably it will be flat at this level. GOOD LUCK!!!
DXY H4 - Short SetupDXY H4 - Downside market gap for DXY, as per our weekly watchlist... we are looking to set fresh lows very early on. GU popping higher and gold also seemingly on a mission. Lots to keep an eye out for this week and next week, confirming our consensus basically. USD weakness, GBP strength, on the fence with EUR at the moment.
USDCHF: Pre FOMC: Selling rallies while below 0,9055Hello,
this analysis will only be valid until Wednesday 16.12, until the FOMC rate decision.
Theortically, until 0.9050 / 55 the seller have an advantage, and short positions around 0.90 have a chance of execution in the case of the so-called USD shorts covering ahead the Fed:
Selling rallies towards the supply zone 0.8995 / 9030
Stop above 90.55
1st target: 0.8875
Second target: 0.8800
Third target: 0.8725
Good luck
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Popping up higher and breaking above correction highs, failed to set new lows means GBP pairs are seeing a bit of a SUSTAINED RECOVERY from Mondays selloff, not just a corrective pullback, if we retest and sit on 1.34 support, we could look to scout out longs up to 1.35. Back in trading range, and volatility has settled into this week.
GBPJPY H4 - Long Trade SetupGBPJPY H4 - Expecting very much the same with GJ as we are with cable, maybe a bit of a pullback but eventually an upside break and retest to offer long opportunities and continuations, all you have to do is scale out onto the D1 to see how bullish bias we are, 1.35 would be the highest price seen since July 2018.
GBPJPY - DAY TRADE VIEWGBPJPY - As per the price action & daily chart patterns it is expected to go down from here.
My approach will be a sell here at current price 139.755
Maintain Stop loss around 140.300
Potential downside target 139.000 - 138.500
Trade as per your risk appetite, I will be glad to see your likes & comment.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
EURGBP Longs in play with 0,9140 and 0m,9300 as possible targetsHi,
no deal Brexit is NOT priced in ( IMHO )
If we want to get it right, I'm not saying that there will be no agreement in the last second ...
The point is, if there is NO agreement .... I dont even want to think about all those pound buyers ....
Oki,
longs in play 0.8990 / 75 and again 0.9045 / 30
Stop below 0.9018
First target 0.9140
Second target 0.9300 / 40
Good luck