by Vivek_Samale | Apr 14, 2020 | Forex Trade Ideas, GBPAUD
GBPAUD was trading in expanding wedge , but it has breakout from the pattern on the downside. Considering expanding wedge a breakout on downside our first target on downside support line 1 and target 2 is support line 2 . One can trade on the short side from the...
by Vivek_Samale | Apr 14, 2020 | EURCHF, Forex Trade Ideas
EURCHF is trading in channel pattern. Also, it is forming a descending triangle pattern within the channel pattern as the descending channel pattern suggests a downtrend may be continued. Our first target on the downside for eurchf , if it breaks on down-side it will...
by Vivek_Samale | Apr 14, 2020 | Forex Trade Ideas, NZDJPY
NZDJPY is trading at a pretty strong resistance zone . So, we might see some correction on the downside towards the trend line . One can trade on the short side for a shorter time frame. If a pair comes on the downside, the target will be trendline support....
by Vivek_Samale | Apr 14, 2020 | Forex Trade Ideas, NZDUSD
NZDUSD is trading in channel pattern. it may continue its trend channel pattern. If it breaks the channel pattern on either side, we might see small profit booking as pair already given a price rally. So, we might see consolidation in price at resistance or support...
by Vivek_Samale | Apr 13, 2020 | EURGBP, Forex Trade Ideas
EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards...
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