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April 24th, 2019 @ 4:56 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD plunged below 1.1200 yesterday following a break below the minor bullish channel as you can see on my H1 chart below but closed a little bit higher at 1.1227. The  bias is bearish in nearest term but note that 1.1215 – 1.1185 remains a key support and good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend targeting 1.1125/00 or lower. Immediate resistance is seen around 1.1240. A clear break above that area could lead price to neutral zone in nearest term but would be a good indication that 1.1215 – 1.1185 key support still holds which could trigger another bullish pullback testing 1.1280 even retesting 1.1325 area. There is no high impact economic data from the Euro zone and US today so the movement will be driven by technical/supply and demand forces.

eurusdh1

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April 24th, 2019 @ 4:55 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD fell to a fresh 7-week low at 1.2928 yesterday after takes out 1.3000 key support area as you can see on my daily chart below, which invalidates the major bullish outlook. The bias is bearish in nearest term testing 1.2900. A clear break and daily close below that area would target 1.2800 support area which is a good place to buy. Immediate resistance is seen around 1.3000. A clear break and daily close back above that area could create a false breakout situation which would give the bullish scenario another chance. My major technical outlook is neutral for now with a bearish short-term bias.

gbpusddaily

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April 24th, 2019 @ 4:55 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price attempted to push lower bottomed at 111.64 but closed a little bit higher at 111.85. Overall price is still in a bullish phase but for me, there is clear sign that the bullish rally from 110.00 support area four weeks ago is now run out of steam. Unless we see a clear break above 112.00, I believe we will see a bearish move from here with nearest target seen at 111.00 area before retesting 110.00. On the upside, a clear break above 112.00 would target at least 113.15 resistance area.

usdjpydaily

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April 24th, 2019 @ 4:53 am by Setyo Wibowo

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USDCHF Forecast
The USDCHF continued its bullish momentum yesterday and hit a new 2019 high at 1.0230 but closed a little bit lower at 1.0202. The bias remains bullish in nearest term but note that we have two consecutive bearish pin bars as you can see on my H1 chart below suggests a potential bearish pullback/correction towards 1.0160 – 1.0130 support area and the H1 EMA 200. Immediate resistance is seen around 1.0230. A clear break above that area would invalidate the bearish pin bar correction scenario which not only would target 1.0250 but also open the door towards 1.0340 key resistance area which is a good place to sell. Overall I remain neutral on this pair.

usdchfh1

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April 24th, 2019 @ 1:12 am by Muhammad Azeem

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Focusing on the pips will make things right

There are many things necessary to produce good trading performance. The mind will be one of the main assets traders have at their disposal. It is necessary to be good at thinking. And most of the right performance with executions will come out of the right trading mindset. But it is not so hard for the traders to make some good performance. In the system of currency trading, there will be a lot of volatilities. And the traders cannot handle all of them for some good signals. But with the right thinking, the focus will be diverted from making money. The traders will think mostly about the signals. More importantly, there will be some good intentions of managing the right pips for the trades. So, the effort will be good for the trades. In the following sections of this article, we are going to talk about what you can do with the right targets. And those things will also improve your interest in the right thing for the trading process.

The traders will think about safety with risk per trade

In the system of Forex trading, the traders will have to keep their money safe. What could possibly be the first thing to help the traders with that? It is the right selection of the risk per trade which you should be concerned about. The proper performance in the business will happen with the trading mind. But the right condition of the trading mind will not be there without some good relaxation. The tension of losing will be more from too much investment. Some of you may think about the leverage system with margin trading. But it will also not be good when you cannot handle the stress. So, the right performance in the business will have to be good with some proper control. With less investment into the trades, a good trader will have less worry about the business. Because the risk will be reasonable for their mind to cope with. All of the work will be good from there.

Never think about making a big profit

Those who think about winning big trades always lose a big sum of money. Being a new trader you should use the Saxo options trading account to avoid unnecessary hassle in real life trading. Instead of thinking about big winners, try to find great trades with low-risk exposure. Focus on consistency and trade the market with proper logic. Never break the rules in your trading system as it will result in a heavy loss.

A good market analysis will be happening for signals

We get that the stop-loss will be set from the Fibonacci retracement and the trend lines. But there will be some effect on the risk per trade. And the traders need to manage that with some good control. On the other hand, we will also have to worry about the right performance with the market analysis. Because signals are important for pips. It is not possible to make some good income from the trades without the right position size. The discussions may seem a little complicated here. Basically, the traders need to do a market analysis to finding the right signals. And from there, there will be some good assumptions about the opening and closing positions. But without you having the right knowledge about the work, there will not be a good execution. And the most important of them all, the traders also have to get a demo trading account. This may seem out of the contest but, it is necessary for the learning process of market analysis. A lot of improvement will have to be there. And traders cannot afford to lose their capital through improvising their performance with market analysis.

While you are in the learning phase of proper market analysis, try out the long term trading methods. They are both using for encouraging the most relaxed and proper trading business.

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April 23rd, 2019 @ 5:19 am by Setyo Wibowo

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EURUSD Forecast
The EURUSD had a mild bullish momentum yesterday topped at 1.1262. The bias is neutral in nearest term. From an hourly chart perspective as you can see on my H1 chart below, price is moving inside a minor bullish corrective channel after a strong bearish pressure following a failure to break above 1.1325 last week. I still prefer a bearish scenario at this phase but need a clear break below the bullish channel and 1.1240 support area to resume the bearish run retesting 1.1215 – 1.1185 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend testing 1.1125/00 or lower. On the upside, key short term resistance is seen around 1.1265-1.1280 region. A clear break above that area would invalidate the overall short term bearish bias retesting 1.1325 area. My major technical bias remains bearish.

eurusdh1

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April 23rd, 2019 @ 5:18 am by Setyo Wibowo

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GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The US Dollar is still able to maintain its strength but the pair is still struggling around 1.3000 key support area which in my opinion still holds so far despite heavy pressures. The bias remains bearish in nearest term testing 1.2960/50. A clear break and daily close below that area would confirm the invalidation of the major bullish trend testing 1.2900 – 1.2800 area. Immediate resistance is seen around 1.3030 – 1.3050 area. A clear break and daily close above that area would keep the major bullish trend alive and kicking testing 1.3100/30 region.

gbpusddaily

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April 23rd, 2019 @ 5:17 am by Setyo Wibowo

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USDJPY Forecast
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price is still in a bullish phase since bounced-off 110.00 but the fact that 112.00 resistance area still holds so far could signal a bullish exhaustion which could create a range area between 112.00 – 110.00 in one or two weeks ahead. Immediate support is seen around 111.65. A clear break and daily close below that area could trigger further bearish pressure testing 111.00 or lower. On the upside, a clear break and daily close above 112.00 would easily target 113.15 region.

usdjpydaily

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