Free signals and trade journal of ReadyForex - page 6

 

Hello Traders

I hope all of you are fine and doing great!

Currently, I am waiting for a decline in EUR/USD currency pair.

Now, let me explain why I am looking for a bearish move.

:: EUR/USD ::

Trend is bullish in 1 hour time frame. Intraday support is present at 1.4305 level. The current upside rally seems to me corrective wave pattern or part of a corrective wave pattern. The upside momentum is waning. A noticeable bearish divergence is present with MACD and the upside potential looks limited.

I expect a possible top in EUR/USD currency pair.

Below is a EUR/USD 1 hour screen shot (image attached).

Kind regards,

Muhammad Azeem

Learn Forex Trading and Forex Managed Account Program

Muhammad Azeem (readyforex) on Twitter

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Hello Traders

I hope all of you are fine and doing great!

:: EUR/USD ::

Currently, trend is up in EUR/USD currency pair.

I have 2 wave counts. A bullish wave count and a bearish wave count.

Trend is bullish in 1 hour time frame.

Intraday support is present at 1.4305 level. So, as long as price stay above 1.4305 support level, look for buy trades. If bearish candlestick closes below 1.4305 critical support level then up trend is going to end.

Below is a EUR/USD 1 hour screen shot (image attached).

Kind regards,

Muhammad Azeem

Learn Forex Trading and Forex Managed Account Program

Muhammad Azeem (readyforex) on Twitter

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Hello Traders

I hope all of you are fine and doing great!

:: EUR/USD ::

Trend is down in EUR/USD currency pair.

Price is finding resistance at 0.87 Fibonacci retracment level.

Stronger resistance is present at 1.3320 price level.

Current upward move looks like an X wave.

So, expect a Y wave drop in EUR/USD currency pair.

However; price should stay below 1.3320 bearish wave count

in-validation price level.

Below is a EUR/USD 4 hours screen shot (image attached).

Kind regards,

Muhammad Azeem

Elliott Wave Forex Weekly Forecast

Muhammad Azeem (@readyforex) on Twitter

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Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about GBP/USD currency pair.

:: GBP/USD ::

Trend is sideways in 4 hours chart and we have a nice range-a-bound price action.

So, I am playing the range and currently, I am holding a sell trade in GBP/USD currency pair.

Sell Entry @ 1.5858

Stop Loss @ 1.5932

Take Profit @ 1.5643

Once, I get 60 to 80 pips move in my favour, I am going to lower my stop loss to breakeven.

Below is an GBP/USD 4 hours time frame screen shot (image attached).

Kind regards,

-Muhammad Azeem

Muhammad Azeem (@readyforex) on Twitter

Elliott Wave Forex Weekly Forecast - Free

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Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about EUR/USD currency pair.

:: EUR/USD ::

Price reached my expected price levels in EUR/USD currency pair in daily time frame. Expect a potential top and drop in price.

A heads up to all of those who are buying the EUR/USD currency pair.

Below is an EUR/USD daily time frame screen shot (image attached).

Kind regards,

Muhammad Azeem

MetaTrader Programming - Expert Advisor in MQL 4 and MQL 5

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Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about AUD/USD currency pair.

:: AUD/USD ::

Trend is sideways in daily chart. In my judgement, there is a potential sell setup which has completed in AUD/USD currency pair in daily time frame.

Name: Double top bearish pattern.

RSI is also showing bearish divergence. So, expect a top and drop in price.

Below is an AUD/USD daily time frame screen shot (image attached).

Kind regards,

Muhammad Azeem

MetaTrader Programming - Expert Advisor in MQL 4 and MQL 5

Muhammad Azeem (@readyforex) on Twitter

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Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about EUR/USD currency pair.

:: EUR/USD ::

Trend is bullish in daily chart.

In my judgement, Wave B is over and now expect more upside in price towards 1.3769 resistance level.

Below is an EUR/USD daily time frame screen shot (image attached).

Kind regards,

Muhammad Azeem

Candlestick Course - Forex Day Trading System

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Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about USD/CHF currency pair.

:: USD/CHF ::

Trend is bearish in 4 hours chart.

In my judgement, price can create a bottom pattern in USD/CHF currency pair.

MACD is showing bullish divergence in 4 hours chart. So, down side momentum is waning, expect a possible bottom in price.

Resistance is present @ 0.9096 price level.

If price close a bullish candlestick above 0.9096 critical resistance level then down trend is going to end.

Below is USD/CHF 4 hours time frame screen shot (image attached).

Files:
 

Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about EUR/JPY currency pair.

:: EUR/JPY ::

Trend is bearish in daily chart.

In my judgement, price has completed an ABC Zig Zag corrective Elliott wave pattern. ADX has dropped below the 55 level.

So, I am looking for a short term bottom in price.

It is not a good idea to just take a buy trade.

First wait for a bullish candlestick pattern or price pattern to appear in EUR/JPY currency pair. Next, look for a buy trade.

Below is EUR/JPY daily time frame screen shot (image attached).

 

Hello Traders

I hope all of you are fine and doing great!

Today, I am going to talk about AUD/USD currency pair.

:: AUD/USD ::

Trend is sideways in daily time frame of AUD/USD currency pair.

Support is present at 1.0164 price level.

Price has provided a false break out pattern, few weeks ago.

If we get a bearish candlestick close below 1.0164 support level

in daily time frame then, a sell trading opportunity is there to catch.

I have also added my Elliott wave count inside price chart.

Below is the AUD/USD daily time frame screen shot (image attached).

Kind regards,

Muhammad Azeem

Learn Forex Trading and Forex Managed Account Program

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