Page 23 — Trading Ideas, Strategies & Technical Analysis from Top Traders

USDCHF: end of the year trading ideas

Daily price broke Ichimoku cloud to below for the good daily breakdown. The price is trying to cross the support level at 0.7923 to below for the primary bearish trend to be continuing. If the price is bounced from support level to above to be back to the bullish area so we should want about resistance level at 0.8085 for possible target to be near at 0.8124 resistance. Otherwise - the price will be on ranging within s/r channel waiting for direction. Recommendation: watch the price concerning 0.7923 support level for possible sell trade, otherwise - ranging for direction.

EURUSD Euro vs US Dollar

EURUSD: end of the year trading ideas

The daily price is located near and above Ichimoku cloud in the bullish area of the chart. The price was bounced from 1.1804 resistance level to below for the secondary ranging to the possible correction to be started. If the price breaks the border of Ichimoku to below together with 1.1615 support so the primary daily bearish reversal will be started. If the price breaks the resistance level at 1.1804 to aboive so the primary bullish trend will be continuing. Otherwise - the secondary ranging market condition to be near or inside Ichimoku cloud waiting for the direction of the strong trend to be started. Recommendation: watch the price with 1.1615/1.1804 s/r levels for possible direction.

XAUUSD Gold vs US Dollar

XAUUSD: daily bullish ranging within s/r levels for direction

Gold daily price is above Ichimoku cloud with the primary bullish area of the chart, but the Stochastic indicator is near to be in overbought condition indicating the possible correction in the near future for example. The price is on secondary ranging within 4169/4353 support resistance levels waiting for the direction of the secondary correction to be started or for the strong bullish trend to be continuing. Recommendation: waiting for the direction of s/r lines to be crossed by the daily close bar.

GBPUSD Pound Sterling vs US Dollar

GBPUSD Daily: waiting for the bullish trend to be continuing, otherwise - ranging

The daily GBPUSD price is located above Ichimoku cloud in the bullish area of the chart. Chinkou Span line crossed the price on historical data indicating the strong bullish trend as well. The price is located within 1.3286/1.3436 s/r channel for trying to break the resistance to above for the strong bullish trend. If the price bounces from resistance at 1.3436 to below on daily close bar so the secondary ranging condition within the primary bullish trend may be started. If the price breaks the support level to below so we may see the primary bearish reversal to be started in the near future for example. Recommendation: waiting for direction.

EURUSD Euro vs US Dollar

EURUSD Daily Idea: waiting for the bullish daily trend to be continuing

EURUSD Daily price is located above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for breaking the resistance levet at 1.1767 to above for the primary bullish trend to be continuing, other wise the price will be in secondary ranging within 1.1612/1.1767 support/resistance levels waiting for the direction of the secondary correction to the bearish trend to be started or for the bullish trend to be resumes. Recommendation: wait for the next daily bar to be closed above 1.1767 resistance for possible bullish.

XAGUSD Silver vs US Dollar

XAGUSD Long Term Idea: weekly price is going to break main resistance level for the bullish trend to be continuing

W1 price is continuing with bullish trend: the price is located far from Ichimoku cloud in the bullish area of the chart. Chinkou Spam like is indicating the strong primary bullish trend; the price is trying to test resistance level at 64.64 to above for the bullish trend to be continuing. W1 timeframe: - if the price breaks the resistance at 64.64 to above on weekly close bar so the strong bullish continion will be continuing; - if not so the price will be on secondary ranging within s/r levels waiting for the direction of the secondary correction to be started or to the bullish trend to be resumes. Recommendation for long: watch close W1 price to break 64.64 for possible buy trade. Recommendation to go short: watch weekly close price to break 45.54 support level to below for possible sell trade. Trading Summary: primary bullish

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