by Vivek | May 29, 2020 | EURJPY, Forex Trade Ideas
EURJPY is trading in descending channel pattern as long term trend. After touching the support line of the descending channel pattern, it is trading in a rising wedge pattern. Now, the price level is trading near the resistance line of descending channel pattern, also...
by Vivek | May 28, 2020 | Forex Trade Ideas, NZDUSD
NZDUSD is trading in a wedge pattern. We might see a downside trend in NZDUSD for a shorter time with support 1 and support 2 as target 1 and target 2, respectively. One can initiate short side trade with proper risk management and the stop-loss. Note – trade...
by Vivek | May 28, 2020 | Forex Trade Ideas, NZDJPY
NZDJPY is trading in a rising wedge pattern and at the resistance level . We might see some correction in pair from the current level towards support 1 and support 2, as target 1 and target 2 respectively. But, if it breaks out on the upside from the rising...
by Vivek | May 28, 2020 | Forex Trade Ideas, GBPJPY
GBPJPY is trading a rising wedge pattern. It is trading in strong support and resistance zone. One can initiate a long trade near the support line of the rising wedge pattern with proper stop loss and risk management system, but if it breaks out of rising...
by Vivek | May 27, 2020 | AUDUSD, Forex Trade Ideas
AUDUSD is trading at a long term resistance level and also, it is trading in channel pattern, as shown in the chart, we think it might consolidate at the current level. One can initiate the short side trade with a stop loss just above the resistance line of the...
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