Forecast -1587593

[Pricetrader]

Account number : 1587593
Investor password : G9FE2K

Ticker of the chosen instrument; EUR/USD
Type of the pending order; SELL STOP
Opening price; 1.3675
Take Profit; 1.3650
Stop Loss; 1.3710

Description of the market situation considering the chosen instrument;

Last week the price got rejected at 3800 levels for the second time ( retest ). Last Wednesday we had a bearish engulf bar on daily and the price made a fib retracement of 50% yesterday touching 3700 levels which also happens to be a weekly floor pivot. This area is a attractive area for sellers to add to more shorts. Though due to holiday season there will be low volume activity, I see substantial down move for this pair in the coming days.

Methods of analysis; price action trading

Screenshot

metatrader 4 - roboforex.jpgmetatrader 4 - roboforex.jpg

[Pricetrader]

Account number : 1587593
Investor password : G9FE2K

Ticker of the chosen instrument; EUR/AUD
Type of the pending order; SELL STOP
Opening price; 1.5403
Take Profit; 1.5480
Stop Loss; 1.5250

Description of the market situation considering the chosen instrument;

The price has rallied for 1000 pips without any major retracement. The 5000 level was a key resistance area and the same area has been broken comprehensively and needs a retest. The first target on the downside is 1.5250 which also happens to be the monthly floor pivot level.
Methods of analysis; price action trading

Screenshot

[Pricetrader]

Account number : 1587593
Investor password : G9FE2K

Ticker of the chosen instrument; AUD/CHF
Type of the pending order; BUY STOP
Opening price; 0.8056
Take Profit; 0.8230
Stop Loss; 0.7976

Description of the market situation considering the chosen instrument;

DOUBLE BOTTOM AND GOING FOR RETEST OF LAST BREAKOUT

Methods of analysis; price action trading

Screenshot

[Pricetrader]

Account number : 1587593
Investor password : G9FE2K

Ticker of the chosen instrument; GBP/AUD
Type of the pending order; SELL STOP
Opening price; 1.8170
Take Profit; 1.7500
Stop Loss; 1.8380

Description of the market situation considering the chosen instrument;

Down trend on daily. Retest at 1.8250 successfull

Methods of analysis; price action trading

Screenshot

[Pricetrader]

Account number : 1587593
Investor password : G9FE2K

Ticker of the chosen instrument; EUR/AUD
Type of the pending order; BUY STOP
Opening price; 1.5620
Stop Loss; 1.5470
Take profit : 1.6010
Description of the market situation considering the chosen instrument;

Down trend on daily. Retest at 1.5500 was successfull

Methods of analysis; price action trading

Screenshot