Forecasts and signals from trader AtlasTraders

Forex strategy for the euro/dollar pair on 16/05/2022 The euro/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.0410), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.0440 in order to increase to the resistance at 1.0481 and in case of its breakdown at the end of the hour to 1.0526. The stop loss with this strategy can be placed at the level of 1.0380.The signal to open a short position will be a breakdown at the end of the support hour at 1.0391 in order to reduce to support at 1.0355 and in case of its breakdown at the end of the hour to 1.0314. The stop loss with this strategy can be placed at the level of 1.0450.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

Forex strategy for the pound/dollar pair on 16/05/2022 The pound/dollar pair is traded on an hourly chart within the framework of an uptrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.2246), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.2270 in order to increase to the resistance at the level of 1.2305 and in case of its breakdown at the end of the hour to 1.2348. The stop loss with this strategy can be placed at the level of 1.2210.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.2215 in order to reduce to support at the level of 1.2167 and in case of its breakdown at the end of the hour to 1.2118, the stop loss with this strategy can be placed at the level of 1.2295.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The pound/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (level 1.2261), which has a price reduction in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the hour of resistance at the level of 1.2263 in order to increase to resistance at the level of 1.2305 and in case of its breakdown at the end of the hour to 1.2348. The stop loss with this strategy can be placed at the level of 1.2160.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.2167 in order to reduce to support at the level of 1.2118 and in case of its breakdown at the end of the hour to 1.2070, the stop loss with this strategy can be placed at the level of 1.2270.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The euro/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.0426), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.0445 in order to increase to the resistance at 1.0481 and in case of its breakdown at the end of the hour to 1.0526. The stop loss with this strategy can be placed at the level of 1.0400.The signal to open a short position will be a breakdown at the end of the support hour at 1.0354 in order to reduce to support at 1.0321 and in case of its breakdown at the end of the hour to 1.0293. The stop loss with this strategy can be placed at the level of 1.0430.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The pound/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (level 1.2312), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.2215 in order to increase to the resistance at the level of 1.2263 and in case of its breakdown at the end of the hour to 1.2305. The stop loss with this strategy can be placed at the level of 1.2160.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.2167 in order to reduce to support at the level of 1.2118 and in case of its breakdown at the end of the hour to 1.2070, the stop loss with this strategy can be placed at the level of 1.2230.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The euro/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (level 1.0539), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.0591 in order to increase to the resistance at 1.0628 and in case of its breakdown at the end of the hour to 1.0656. The stop loss with this strategy can be placed at the level of 1.0520.The signal to open a short position will be a breakdown at the end of the support hour at 1.0481 in order to reduce to support at 1.0445 and in case of its breakdown at the end of the hour to 1.0404. The stop loss with this strategy can be placed at the level of 1.0560.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The pound/dollar pair is traded on an hourly chart within the framework of an uptrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.2345), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the hour of resistance at the level of 1.2404 in order to increase to resistance at the level of 1.2438 and in case of its breakdown at the end of the hour to 1.2470. The stop loss with this strategy can be placed at the level of 1.2340.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.2305 in order to reduce to support at the level of 1.2263 and in case of its breakdown at the end of the hour to 1.2215, the stop loss with this strategy can be placed at the level of 1.2355.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.

The euro/dollar pair is traded on an hourly chart within the framework of a downtrend. It shows that the euro/dollar exchange rate is trading below the level of the moving average with a period of 55 on the hourly chart (the level of 1.0548), which disposes to lower prices in the short term. I recommend working from sales within the framework of this wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.0591 in order to increase to the resistance at 1.0628 and in case of its breakdown at the end of the hour to 1.0656. The stop loss with this strategy can be placed at the level of 1.0540.The signal to open a short position will be a breakdown at the end of the support hour at 1.0526 with the aim of reducing to support at 1.0481 and in case of its breakdown at the end of the hour to 1.0445. The stop loss with this strategy can be placed at the level of 1.0615.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.