Trade Setup: EUR/TRY – 7 Oct 2016

Trade Setup: EUR/TRY – 7 Oct 2016

Candle Stick Pattern: Evening Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (2).

Signal: SELL
Entry Point: 3.3965
SL: 3.4428 (Highest high of 3 bars of the evening star pattern)
TP: 3.3338 (Recent support level at (3))
 

#BollingerBand, #CandleStickPattern, #EURTRY, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

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Trade Setup: USD/NOK – 6 Oct 2016

Trade Setup: USD/NOK – 6 Oct 2016

Candle Stick Pattern: Variation of Morning Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic oversold range at (3).
High volume at last 2 bar at (4) also confirming the direction.

Signal: BUY
Entry Point: 8.0223
SL: 7.9621 (Lowest low of morning star bars)
TP:…
#BollingerBand, #CandleStickPattern, #MorningStar, #Stochastic, #SupportResistance, #USDNOK, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: AUD/CHF – 6 Oct 2016

Trade Setup: AUD/CHF – 6 Oct 2016

Candle Stick Pattern: Evening Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (3).
Volume increases at the last 2 bars (5).

Signal: SELL
Entry Point: 0.7429
SL: 0.7503 (Last resistance (2))
TP: 0.7293 (Nearest support level (4))
 

#AUDCHF, #BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: EUR/GBP – 28 Sep 2016

Trade Setup: EUR/GBP – 28 Sep 2016

Candle Stick Pattern: Evening Star at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (2).
Retesting previous resistance at (4).
High volume at last bar also confirming the direction.

Signal: SELL
Entry Point: 0.8617
SL: 0.8717 (100 pips)
TP:…
#BollingerBand, #CandleStickPattern, #EURGBP, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: USD/MXN – 28 Sep 2016

Trade Setup: USD/MXN – 28 Sep 2016

Candle Stick Pattern: Bearish Engulfing at (2)
Confirmation:

Touched outer band of Bollinger Band at (2).
Stochastic overbought range at (1).
High volume at last bar at (4) also confirming the direction.

Signal: SELL
Entry Point: 19.434
SL: 19.937  (Highest high of the two bar of the e…
#BearishEngulfing, #BollingerBand, #CandleStickPattern, #Stochastic, #SupportResistance, #USDMXN, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: XAG/USD – 27 Sep 2016

Trade Setup: XAG/USD – 27 Sep 2016

Candle Stick Pattern: Bearish Engulfing at 2nd and 3rd bar, also a variation of Evening Star at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (4).
Retesting previous resistance at (3).
Increase in volume at last bar also confirming the…
#BearishEngulfing, #BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #Volume, #XAUUSD
#ForexAdvices, #ForexTradeSetups

Trade Setup: EUR/AUD – 26 Sep 2016

http://www.myfxguide.com/trade-setup-euraud-26-sep-2016/

Candle Stick Pattern: Morning Star at (1)
Confirmation:

Stochastic oversold range at (4). Also confirming divergence at (4) and (5).
Retesting previous resistance at (2)

Signal: BUY
Entry Point: 1.4756
SL: 1.4628 (128 pips) (Lowest low of the 3 candlestick bar of the morning star)
TP: 1.5060 …
#CandleStickPattern, #Divergence, #EURAUD, #Stochastic, #SupportResistance
#ForexAdvices, #ForexTradeSetups