The United States celebrate Thanksgiving today. Strong movements should be expected. I plan to look for entry points to open short-term speculative positions.
GBP/USD
The cable held the "mirror"support level 1.2345 yesterday. I’ll buy after the breakthrough and retest of the 1.2435 local...
GBP/USD. I highlighted the 1.2500 key resistance level. I’ll buy after its breakthrough and take profit at 1.2530, 1.2550 and 1.2575 levels with the use of trailing stop.
I am waiting for the downward movement on USD/CAD. I’ll sell in case of breakthrough and retest of the 1.3400 support level. Potential movement - to 1.3350-1.3325. The position will be accompanied by trailing stop.
Kiwi reached the strongest demand zone 0.7290-0.7335. I expect a correction at the moment. I’ll buy if the price overcomes and consolidates above the local resistance level (0.7360). Potential movement - to 0.7405.
I expect the correction of USD/JPY. I’m going to sell in case of breakthrough and retest of the 110.500 local support level. Potential movement - to 109.650. The point of entry into the market should be found at M5 and M15 timeframes.
I’m going to open a counter trend bullish deal on the EUR/USD pair today. In case of breakthrough and retest of the 1.0620 resistance level, I will buy. Potential movement – to 1.0675
The AUDUSD currency pair has a downward trend since the beginning of November. I plan to look for an entry point in the current trend direction. I’ll sell in case of overcoming and fixing prices below the 0.7460 local support. Potential movement - to 0.7410.
I expect correction on the USDJPY pair. A strong reversal pattern (Pin Bar Price Action) has formed on D1 chart. I’ll sell after the breakthrough and retest of 108.75 local support level. Potential movement - to 107.75. Trailing stop can be used in this transaction.
I think it was better to trade USDJPY yesterday but anyway, what profit did you get? What analysis methods did you use to find the confirmations for entering the market?
The New Zealand dollar trades near the strongest level of support (0.7070). I’ll sell in case of breakthrough of this level and appearing of additional evidence at smaller timeframes. Potential movement - to 0.7035.
GBPUSD is good for long today. I’ll buy after the breakthrough and retest of 1.2485 level. Potential movement - to 1.2535. This position will be accompanied by trailing stop.
Oh, I'd rather say that not all webinars are the same good :) Look at the quality first. I met some webinars that were just an advertisement and I didn't learn anything new from them... However, they can show us how the broker treats traders :)
I like the technical picture on the AUDUSD. It will be a long after overcoming and fixing of prices above the 0.7580 level. I’ll look for the point of entry into the market at the smaller timeframes. Potential movement - to the local resistance 0.7625.
I expect correction on the USDJPY pair. I’ll sell in case of the breakthrough and retest of the 107.75 local support level. There may be movement to the 106.90 level. Stop loss should be set slightly above the signal formation.
I think that the uptrend may continue on the USDCAD currency pair. I’ll buy after the break and retest of 1.3565 local resistance. Potential movement - to 1.3600. Stop loss should be set below the signal formation.
The technical picture on the GBPUSD pair indicates a possible correction. Currency overcame the 1.2535 local support. I plan to open a conservative transaction today. If the price makes retest of a "mirror" resistance level of 1.2535, I will sell. Potential movement - to 1.2450.
A local resistance 1.2580 formed on the GBPUSD pair. I plan to buy after the break and retest of this level. I’m going to take profit by parts at 1.2600-1.2625 levels. Stop loss can be set slightly below the signal formation.
EURUSD is testing local resistance (1.0905) at the moment. I plan to open short in case of retention of the level and appearing of some additional signals at smaller timeframes. The transaction will be short-term and speculative. The potential for local support is 1.0870.