Hello everyone! Yest...from PhoenixMan

Hello everyone! Yesterday's trading session, the price for EUR/USD rose very strongly and it broke 3 Resistance lines. Now the price has stopped at the latter. I don't think it can continue to grow. I expect that after a sharp rise and breaking through 3 resistance lines, the price will stop. And then it will start falling from the resistance line to the support line at 1.16356. And this is a signal to sell. For TP, I will follow the support line and for SL its along the resistance zone. This is my own trade idea, trade on your own risk. Happy trading guys!

Edited 06 Nov 2020, 16:39

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Hi guys, Happy Monday! This is my GBP/USD Trade Analysis. Current trend of this pair is uptrend. support Levels: 1.3000. Resistance Levels: 1.3173. Whilst this level was previously holding repeatedly as a resistance level, price has now strongly broken above it. This level is now looking to act as a role reversal and new support level for a new push higher. If this level can hold as a new support in the coming sessions we can look for long trades and for a new leg higher. The next resistance comes in around 1.3173 which is a key level for this market as it has held as a major resistance on the daily chart many times this year.

PhoenixMan

Hello guys. GBP/USD is moving in uptrend right now. Last week, GBP/USD broke violently above 1.3 resistance and accelerated to 1.3180 top. Now the pair corrected and confirmed 1.3 as new support and looks ready to resume its up move. For now I would go for long position. Good luck on trading!😉

PhoenixMan

For EUR/USD pair, we're staying back as the market's are irrationally in anticipation of U.S. elections next week. For those wanting to speculate in this market, consider these valid trade setups, but it's riskier than usual, just my own personal opinion. I personally won't be taking them on my account, but just wanted to share nevertheless.

PhoenixMan