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Trade Idea- For USDSGD The Weekly Trading

mentorbd Posted 26 Sep. as Analysis on USD/SGD, Target: 1.4150, Date: 2nd of November, 12:00 GMT  in #Technical analysis #USD/SGD #Forex Daily #Forex System #Forex Trading #Usdsgd #Forex Trading Strategy
There’s a chart that stands out – USD/SGD. The pair is at five year highs (USD lows). There is a double top formation, respecting big figure resistance at 1.4300. The resistance point coincides with a Fibonacci Method 100% touch and reversion. Any one of these three factors might signal a sell trade – the combination of the three sets bells.
Selling at current levels, Stop loss with clear of 1.43255 , traders may consider a number of targets. The Fibonacci methods 61.8% reversion suggests a poin…
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USDCAD Formed Bullish Pin Bar

mentorbd Posted 20 Sep. as Analysis on USD/CAD, Target: 1.3350, Date: 2nd of November, 12:00 GMT  in #Technical analysis #USD/CAD #Forex System #Forex Signal #Forex Trading #Forecasts #Forex Trader #Forex Market #Forex News
When USDCAD This pair already formed Bullish Reversal Pin Bar on daily chart and also we saw weekly Chart trading. If we go to buy position in this week , we can get good pips for our trading buy signal first target 1.3350 -then 1.3400-1.3450 level.we can see chart below..
In our view the wealth effect from the surge in the housing market continues to underpin consumer demand. Housing price gains have averaged nearly 2.0% a year over the past five years, helping insulate Canada to some degrees f…
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GBPUSD Potential Sell Entry

mentorbd Posted 11 Aug. as Analysis on GBP/NZD, Target: 2.3272, Date: 1st of October, 12:00 GMT  in #Technical analysis #GBP/NZD
Here are two chart For GBPUSD Trading Entry Level indicators as below as -
Two weeks ago the pair gave us a nice bull flag on the 4 hour time frame . Upon breaching resistance, the pair ran for 540 pips before finding selling pressure at the multi-year high at 2.4025.
I want to emphasize the fact that the Double Top Pattern shown below is not yet an active setup as the neckline at 2.3155 remains in tact. Only a close below this level would confirm the topping pattern and open up the potential f…
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2 Comments
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mentorbd 12 Aug.

GBPNZD is formed strong sell option again 2.4025 level and Triple Top Pattern . The pair is going ahead of 1.3270 level in future .

mentorbd avatar
mentorbd 13 Aug.

I have already great mistaken for forecast pair names GBPUSD Potential Sell Entry .. Please correction is pair name GBPNZD ..

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GBPJPY Bullish Outlook Trading

mentorbd Posted 6 Aug.  in #Trader Contest Jforex
We Expected GBPJPY bullsih trading and On June the pair began forming what would eventually turn into trend line resistance off of the multi-year high at 195.85.So It daily closed above 194.35 and then watch for a buying opportunity on a retest of the level as new support. Key resistance comes in at 195.50 ,195.83 . N.B- We must follow B0E rate decision for effect on the pair trading on the day.
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EURJPY We can watch for a selling opportunity

mentorbd Posted 4 Aug. as Analysis on EUR/JPY, Target: 131.6000, Date: 1st of October, 12:00 GMT  in #Technical analysis #Forex #EUR/JPY #Forex Analysis #Forex Strategy #Forex Signals #Forex System #Forex Forecast #Forex Risk #Forex News
Here are two Charts forecast as below as -
From here traders can watch for a selling opportunity as long as the pair remains below former support on a 4 hour closing basis. A close back above this level would negate my bearish bias and would likely result in a retest of the 137.00 resistance level.
If the bears are able to get behind this move in the coming days, the 133.10 is a likely target. That retest would put the pair one step closer to confirming the larger head and shoulder pattern t…
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EURCAD Breaks Resistance Target Upside trading

mentorbd Posted 12 July as Analysis on EUR/CAD, Target: 1.4212, Date: 1st of September, 12:00 GMT  in #Technical analysis #Forex #Forecast #EUR/CAD #Forex System #Forex Trading Strategy
Here are two Chart as below as
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…
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EURCAD Breaks Resistance Target Upside trading 1.4212- 1.4330

mentorbd Posted 8 July  in #Forex #Forexgrange #Dukascopy #Jforex #Forex Analysis #Forex Daily #Forex System #Forecasts
Here are two Chart as below as
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…
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GBPNZD Breaks a Four-Year Resistance Level and More Bullish

mentorbd Posted 28 June as Analysis on GBP/NZD, Target: 2.4060, Date: 3rd of August, 12:00 GMT  in #Technical analysis #GBP/NZD
This was a significant close for a couple reasons. The first reason being that this level has acted as key resistance for more than four years now. Since April of 2011 to be exact.
The second and possibly more significant reason is that this close confirms the Inverse Head Shoulders that has been forming for the past four years.
The weekly chart illustrates the pattern well.
While this may not be the cleanest inverse head and shoulders pattern, it certainly has huge implications for future price…
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