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Showing posts with the label buy opportunity

USDJPY Buy opportunity

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USDJPY after the hit bottom edge of resistance zone went lower. Now it reach local support level at 113.10. This is previous resistance level and there could be a good buy opportunity. Now we are observing price action and waiting for any demand activity.

EURUSD possible buy opportunity

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EURUSD stay in range for a a long time but after today ECB event and USA data publications price turned into support level near 1.17000. This is very strong level where price turned back many times. Now price is very close to this support level where we will be observing price action. We are looking at D1, H4 and H1 charts to find any bears' weakness and bulls increased activity. In this forex treading idea we are looking for any pin bar with long lower shadow to open buy.

GBPUSD in buy area

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GBPUSD is in uptrend for a few month. After the strong up movement in the middle of september GBPUSD makes correction. It reached support area which converging with last local high created in august. We are expecting that price will go lower to the bottom of support area and there we will be finding buy opportunity accordingly to current trend.