Swing Trading ideas - page 40

New comment
 
PennySeven:

Thank you. 


only daily charts

any currency

must Sl and TP

try to explain trade reason

 
EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the price to 1.1500 area. On the downside, a breakdown below the bottom support trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then next target would be at 1.1200 area.
 
EURUSD failed in its attempt to breakout of the upper line of the triangle pattern on the 4-hour chart and pulled back from 1.1418. Deeper decline towards the bottom support trend line of the pattern is possible in the coming days, a breakdown below this trend line would indicate that the downside movement from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1200 area. Near term resistance is at 1.1355, above this level could trigger another rise towards the top trend line.
 
EURUSD formed a triangle pattern on its 4-hour chart. Support is at the bottom trend line of the pattern, a breakdown below this trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then next target would be at 1.1100 area. Resistance is at the upper line of the pattern, a breakout of this trend line could take the price into 1.1600 zone.
 
EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line would indicate that the downtrend from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1100 area.
 
EURUSD broke above the upper line of the triangle pattern on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be at 1.1500 area. Near term support is at 1.1360, only a breakdown below this level could bring the price back towards the bottom trend line of the pattern.
 

HAPPY NEW YEAR TO ALL READERS



EURUSD is now in the short term uptrend from 1.1303, further rise towards 1.1500 could be expected in the coming days. Support levels are at 1.1345 and 1.1303, below these levels could trigger further downside movement towards 1.1200.

 
EURUSD extended its upside movement from 1.1303 to as high as 1.1561, breaking above 1.1500 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1650 area. Near term support is at 1.1520, below this level could bring the price back towards the trend line.
 
Trump says most likely will declare emergency if no border deal
 
Will wait and see how markets reacts to it
1...333435363738394041424344454647...56
New comment
Reason: