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Trade Ideas

Disclaimer: The views on the posts and charts are for educational and illustration purpose only, as past performance is not necessarily indicative of future performance. They are provided for general information only and therefore should not be taken as any offer or solicitation to do any investment or trade.

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Forex and Index CFD Trade Ideas & Chart Analysis (11 – 15 Feb 19)

By Hector in Trade Ideas on 10 February 2019

1.(FBM KLCI MYR10 CFD)

Big Picture – Bearish

Resistance : 1,701 Support : 1,630

One Good Trade Idea

The bias is bearish below the resistance at 1,701. There was a post on 29 Jan on our Member’s Area alerting our members on the setup sell signal presented. Target level is the support level at 1,630.

2.(Japan 225 Index JPY100 CFD)

Big Picture – Bearish

Resistance : 20,800 – 20,970 Support : 18,918

One Good Trade Idea

The trend is still down. It has pullback higher to the resistance levels between 20,800 – 20,970 and consolidated. However, last Fri, it broke lower from the range and is likely to see more weakness in this week. Look for a price action sell signal for entry.

3.(EURJPY)

Big Picture –  Bearish 

Resistance : 124.89 Support : 118.18

One Good Trade Idea

The bias is bearish below resistance of 124.89. Look for a retest at this resistance and its failure to stay above it before considering to sell on a price action signal.

4.(USDCNH)

Big Picture – Bearish

Resistance : 6.818 Support : 6.647

One Good Trade Idea

Again the downwards pattern repeated itself for fourth times and this week we’ll look for another opportunity to enter short below the resistance level 6,818 with a target of 6.647. Wait for a price action sell signal for entry.

5.(XAUUSD)

Big Picture – Bullish

Resistance : 1326.16 Support : 1298.48

One Good Trade Idea

Gold is still bullish and we continue to buy on a pullback to support 1298.48 with a price action signal. It hit previous resistance near 1326 level and we are looking for another attempt to break above this resistance level and stay above it.The target is the next resistance at 1365.

Happy Trading!
One Good Trade

 

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