Hany Elleithy
Hany Elleithy
  • Information
9+ Jahre
Erfahrung
0
Produkte
0
Demoversionen
0
Jobs
0
Signale
0
Abonnenten
Freunde

Fügen Sie Freunde über ihre Profile oder über die Suche hinzu, und Sie können mit ihnen kommunizieren und ihre Aktivität auf der Webseite verfolgen.

Hany Elleithy
Hany Elleithy
GBP/USD Daily Chart Trading Signal:
Signal: Buy
Entry: 1.26950 (Slightly above the current market price, anticipating a rebound)
Stop Loss: 1.26000 (Below the recent swing low)
Take Profit 1: 1.28000 (Near the 50-Day Moving Average and previous resistance level)
Take Profit 2: 1.29000 (Next resistance level)
Reasoning:
* Potential Trend Reversal: The price has been in a downtrend but shows signs of a potential reversal. It has recently bounced off a support level and is currently testing the 50-day moving average.
* Oversold Conditions: The CCI indicator is deeply in the oversold territory, suggesting that the current downward momentum may be exhausted.
* Bullish Divergence: The RSI indicator shows a bullish divergence, with higher lows while the price makes lower lows, indicating a potential bullish reversal.
* Positive Fundamental Outlook: Recent positive economic data from the UK and potential dovish signals from the US Federal Reserve could further support the GBP.
Risk Management:
This trade has a risk-to-reward ratio of approximately 1:2 for the first take profit and 1:4 for the second take profit. It's crucial to manage your risk by using a stop-loss order and adjusting your position size accordingly.
Disclaimer: This is a technical analysis-based trading signal and does not constitute financial advice. Always conduct your own research and consider multiple factors before making any trading decisions.
Additional Notes:
* Monitor price action closely, especially if it approaches the resistance levels. Consider taking partial profits at TP1 and adjusting your stop-loss to breakeven for the remaining position aiming for TP2.
* Be aware of upcoming economic news releases and central bank announcements, as they could significantly impact the GBP/USD pair.
Hany Elleithy
Hany Elleithy
AUD/USD Daily Chart Trading Signal:
Signal: Buy
Entry: 0.64800 (Slightly above the current market price to allow for some pullback)
Stop Loss: 0.64350 (Below the recent swing low and support level)
Take Profit 1: 0.65570 (Near the 50-day moving average and recent resistance level)
Take Profit 2: 0.66100 (Next resistance level)
Reasoning:
* Potential Reversal: The price has been in a strong downtrend but is currently testing a key support level around 0.64500. The hammer candlestick pattern on Aug 6th, along with oversold conditions on CCI and RSI, suggest a potential trend reversal.
* Oversold Conditions: The CCI indicator is deeply in the oversold territory, indicating that the current downward momentum may be exhausted. The RSI is also at a low level, reinforcing the oversold condition.
* Bullish Divergence: While the price has been making lower lows, the CCI indicator has been making higher lows, indicating a potential bullish divergence.
Risk Management:
This trade has a risk-to-reward ratio of approximately 1:2.1 for the first take profit and 1:4.1 for the second take profit. It's crucial to manage your risk by using a stop-loss order and adjusting your position size accordingly.
Disclaimer: This is a technical analysis-based trading signal and does not constitute financial advice. Always conduct your own research and consider multiple factors before making any trading decisions.
Additional Notes:
* Monitor price action closely, especially if it approaches the resistance levels. Consider taking partial profits at TP1 and adjusting your stop-loss to breakeven for the remaining position aiming for TP2.
* Be aware of upcoming economic news releases and central bank announcements, particularly from Australia and the US, as they could significantly impact the AUD/USD pair.
Hany Elleithy
Hat sich auf MQL5.community registriert