EURGBP POSSIBLE BULLISH MOVEMENT WITH NICE BULLISH ENGULFING BAR

EURGBP Possible Bullish Movement With Nice Bullish Engulfing Bar by MoneyTalks58 on TradingView.com

EURGBP friday movement contains nice bullish engulfing bar near the historical support area. On weekly chart we can also see a pin bar which can be a trend reversal sign. It is a countertrend prediction but I believe this one is strong.

NZDUSD LIKELY TO MOVE BEARISH

NZDUSD LIKELY TO MOVE BEARISH by MoneyTalks58 on TradingView.com

Hit the target. +87 pips.

In generally as we can all see, the price is on a downtrend move. Under the 50 ema and Ichimoku I try to find sell opportunities and this look like ok for me. A pull back from the 50 ema and is very near to ichi cloud. In this narrowing downtrend channel a short position give us the edge to increase the possibility. 

2015 will be the USD's year and this can be a good star

Some Basic Questions and Answers About Forex

1- What is forex trading?

Forex is the acronym of Foreign Exchange and forex trading include the currency exchange from different countries. Leverage is generaly provided by the intermediary firm.

2- What is the volume of the Forex Markets?

Forex is the most liquid market in the world with 5 trillion $ daily volume.

3- Is anybody can trade in Forex Markets? Who should trade in this market?

If there is not a legal issue and there is no jurisdiction, anyone can trade. However, by its own nature, forex market has high volatility, sensible the any economic event, trading in forex contain high risk. Any time, by any news, price can react very fast and wide range. The person who want to be in that business should be conscious about these risks.

4-  Is there a limit to open an account or trade?

There is no legal limit but the firms can apply some account openning and position openning limits.

5- How people prepare theirselves who want to trade in Forex Market?

Newbies must learn the basic theoritical informations about Forex. Margin requirements, relation between position-leverage-profit/loss and the effects of these conditions must be known by the trader.

6- Is Forex can be used for the aim of investing?

Yes, traders can invest and hedge their positions with forex marets.

7- What are the advantages of trading in the Forex markets?

• High liquidity: Due to 4-5 trillion dollar daily volume, forex is the most liquid market in the world. Therefore, the manipulation is almost impossible.
• Leverage: Thanks to leverage, investors are able to open position that bigger the amount of their initial margin.
• Order range: There are wide order diversities. Sell stop, buy stop, stop loss, take profit, sell limit, buy limit, trailing stop-loss are very usefull order types to limit your risks.
• Instruments variety: An investor can find lots of currency pairs, indices, commodities to trade and can select the instruments that fits his/her style most.
• Easy Access: Online platforms via internet can supply the investor an easy access any time.
• Opening position in two way: Investors can sell or buy the pair. 
• Low cost: As a result of high liquidty, the costs per action are very low.

8- What is the leverage?

With the leverage, investor can define how much more can he/she invest with the initial capital. For instance, if you have 100$ and 100:1 leverage, you can invest 100*100 dollar.

9- How many instruments there in Forex?

Theoritically, you can invest any currency pair that convertiable in finance markets. Also, you can find commodities(gold, silver, palladium, corn, coffee etc), indices(s&p500, Dow Jones, etc)

10- How can I reduce the risk?

Risk management is the key of trading in this market. You have to have a strong money management rules. For these kind of systems you can google it and find one that suitable for you.

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GBPCHF IS ON ITS LONG WAY

GBPCHF is on Its Long Way by MoneyTalks58 on TradingView.com

Hit the target. +120 Pips.

Price broke the wedge and a there is a good retracement sign on the important fibonacci level which is a good support level for the price.

Price is over the ichi cloud and all signs looks me bullish. Placing long position seems logical for me.

Stop Loss: 1,5250
Target: 1,5445

GOLD BROKE THE IMPORTANT LEVELS FOR BEARS

Gold Broke The Important Levels For Bears by MoneyTalks58 on TradingView.com

On daily chart, XAUUSD broke:

1- Bearish wedge form
2- Ichi Cloud
3- Important Fibonacci level

Therefore, with the fundemental realities, I expect bearish movement will continue.

Target: 1160
Stop Loss: 1216

GBPCAD REBOUND FROM THE 200 SMA

GBPCAD Rebound From the 200 SMA by MoneyTalks58 on TradingView.com

When we look at the GBCAD pair on daily basis, we can clearly see that 200 SMA is storng resistence and the last price action was the third rebound from this MA. There is a nice daily pin bar over the 200 SMA and an important fibonacci level. I expect a downward movement through the 1,7965.

Target: 1,7965
Stop Loss: 1,8255

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EURAUD POSSIBLE SHORT OPPORTUNUTY

Closed manually. +170 pips.

EURAUD Possible Short Opportunuty by MoneyTalks58 on TradingView.com


In EURAUD pair, there is long rally for bulls over many days. However, a few days ago the trend stopped with a strong sign. A daily pin bar occured around a fibonacci resistence level and bearish movement follow it than broke the support levels. This retracement can continue to lower level than now. There are two targets: 

Target 1 : 1,4915
Target 2: 1,4785
Stop Loss: 1,5140

NZDUSD Is On The Way Of Strong Down Trend

NZD is loosing strength over USD as the other currencies. There is a strong downtrend on 4H chart and now price is around near the important resistence.

Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.

Short Position

Stop Loss: 0,8490

Target: 0,84274

USD Continue To Gain Advantage Over EUR

Hit the target. Nice Pips!

After a long time, I started to write my opinions. Below picture explains the main idea about to short EURUSD pair. Although last NFP couldn't cover the expactations US Economy is much better than the most of the economies around the world.

I can see a Elliot waves and a 3 way correction. The correction is stopping near the pivot point which is a good resistence I guess. Both fundementally and technically I expect that the downtrend will continue. 

My main target is 1,3350

Stop Loss: 1.3445

NZDUSD Is Turning Its Direction To South

Monthly Chart:

In monthly chart, price is n slightly bearish trend with the near of strong resistence area.

Weekly Chart:

In weekly chart, we saw a good pin bar and then a two week bearish action. This week price push the higher levels however rejection was occured.

Daily Chart:

On daily chart we clearly see a strong reversal sign with the pin bar on the resistence levels. Bears didn't let the bulls to take control on friday. With these kind of signals taking short position is very logical.

Stop Loss: 0,8589

Target: 0,8413