The market again reverse from very strong support at level 80.73.Technically we are planing to buy this pair for long term and make buy position at 81.95, Another scenario, if the market will bounce back at level 81.95 then we can make buy position at 81.00. One thing my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade .
1st Buy @ 81.95 TP: 84.20 SL: 80.50 2nd Buy @81.00 TP: 84.20 SL: 80.50 ( You can lose more than your initial deposit, for safety of equity always use stop loss & Don't risk more than 1.5% of equity)
By: Asad Khan
Hi all, going to share this week forex analysis with you, hope it's helpful for you in your trade setups, first I clear couple of things first my analysis on historical base second there is no rich system in forex so you have work with patients and important thing don't trade more than 0.01 until your account don't have triple zero :D 1) GBP/USD
The market might test first 1.2835 level then goes to target area 1.3000 level.
2) EUR/USD
There is two scenario, the first market goes to the bearish side and test 1.1620 level or the other market remains to buy 1.1840 level and then make a bearish evidence and come back to target are. 3) AUD/USD
A picture speaks everything to make a bullish trade with short stoploss. 4) GOLD
Market try to cross 1304 level but again failed at 1300 level, now I go with my idea make sell trade with 1270 Take profit level.
5) USD/CAD
Buy for long, umm in weekly it make a bearish candle and represent more sell lets go with my idea make buy at 1.2430 level but with short stop loss.
6) EUR/GBP
A couple of weeks ago in a weekly analysis video, i predict buy while that time market at 0.9150 level many of readers don't agree with my prediction so now make a time to sell with short stop loss.
EUR/NZD: Current Price 1.6136 Again EUR/NZD test strong resistance level(1.6264) and make a bearish evidence, Technically we plan to sell this pair for long term better to make sell position at (1.6110). In another scenario, if the market breaks 1.6220 level then we might make buy trade with (1.6110) SL.One thing my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade
Sell @ 1.6110 TP: 1.5950 SL: 1.6220 ( You can lose more than your initial deposit, for safety of equity always use stop loss & Don't risk more than 1.5% of equity)
Again on strong resistance level(83.50), technically we plan to sell this pair for long term better to make sell position at 83.30. In another scenario, if the market breaks 84.20 level then we might make buy trade with 83.80 SL. One thing my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade.
Sell @ 83.30
TP: 80.50
SL: 84.00
( You can lose more than your initial deposit, for safety of equity always use stop loss & Don't risk more than 1.5% of equity)
Every time when AUD/USD price reach at 0.77 level (strong resistance) so investors ready to take bearish positions same AUD/USD has trading downward from 0.7750 level right now, I am going to provide you Bullish trade setup. Today 4:30 AM (+3GMT) AUD Employment Change and Unemployment Rate data will release according to my analyze Employment Change data might come in positive. And my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade.
BUY@ 0.7541 TP: 0.7607 SL: 0.7492 ( You can lose more than your initial deposit, for safety of equity alway use stop loss & Don't risk more than 1.5% of equity)
Its H4 timeframe, I use Fibonacci pattern on this scenario market test 76.4% level but not yet cross and my trade entry point is on mid of 76.4% to 61.8%. So it's perfect test 50% level soon.
On the request of my Whatsapp group members, I finally decide to arrange a webinar on fundamentals so on 26th march I had done an online webinar and after that, I uploaded the video on youtube so today I decide why not to share on website this webinar is in my native language its Urdu so if you are from Pakistan, India, Bangladesh then you can watch and understand the below video.
What I try to teach on the webinar?
My main focus on Economy Indicators, Central Banks, and on Risk. In Economy Indicator section I share all USA Economic indicators, Euro Economic indicator, Pound Economic indicators, Yen Economic indicators, CHF Economic indicators, AUD Economic indicators, NZD Economic indicators. On all these lists my main focus on USD Economic indicators. In Central Banks section I share the importance of central banks and the reason why they change the interest rate, and I tell the coming targets of Central banks for their respective countries. In Risk section, I share the real myth of fundamental trading and tell them the truth of fundamentals.
Watch the video, If you like please share with your friends Thankyou!
EUR/JPY Current Price: 118.319 Recently, EUR/JPY has been trading downward from 112.879 level which is strong resistance level, today its test 118.000 level and now its on support level we quite sure now this pair make some correction and after crossing 119.000 we quite sure for buy.And my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade.
BUY@ 118.600 TP: 120.000 SL: 117.683 ( You can lose more than your initial deposit, for safety of equity alway use stop loss & Don't risk more than 1.5% of equity)
Elliott theory perfectly completed wave 5 now its correction mode, soon its completed the next three correction waves and might new elliott pattern will start.
GBP/USD Current price: 1.2447 Recently, Cable has been trading upwards when last USD interest rate release we saw a positive move then the next day MPC Official Bank Rate Votes data that shows a 1-0-8 its mean 1 of them wants to increase interest rate and respectively cable test 1.26 Level. So Today I share bearish trade setup with you and keep this in your mind today Uk president trigger the article 50 and she sent a letter to European union council so might again we saw a big drop in the cable.And my signal is not 100% perfect so always use stop loss that I share with you. I recommend you take 1.5% risks per trade.
Sell@ 1.2433 TP: 1.2218 SL: 1.2557 ( You can lose more than your initial deposit, for safety of equity alway use stop loss & Don't risk more than 1.5% of equity
Use Elliott theory on H4 chart. It's completed an upward Elliot wave and now in correction after completed wave C, then we focus on new downward Elliot wave.