Swing Trading ideas - page 40

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TinaNamdev
5
TinaNamdev  
PennySeven:

Thank you. 


only daily charts

any currency

must Sl and TP

try to explain trade reason

Maria Mahomedally
839
Maria Mahomedally  
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.
Maria Mahomedally
839
Maria Mahomedally  
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.
Maria Mahomedally
839
Maria Mahomedally  
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.
Maria Mahomedally
839
Maria Mahomedally  
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.
Maria Mahomedally
839
Maria Mahomedally  
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.
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