Price found a bottom around mid May and now printing higher highs and lows.
Whilst price is above the trendline, the sentiment is bullish with a possible target of 1.1530 which was previous resistance in April.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
With 3 previous rejections of $32.80 over the back end of May, we saw a glimpse of a 4th at the close of play last Friday.
There is a potential for buys if you agree with this analysis and it meets your strategy rules.
GBP/JPY daily price action has been moving in a descending channel since November 2024.
This month, we have seen price enter the 196.000 zone at the top of the channel. What's also noticeable is the double rejection that has printed.
Here, it's possible that we could see a break down in price and a change of cycle IF we have reached a top again.
However, if we...
The downtrend which started earlier this month came to an end last week after a low at 103.008
Since then, we have seen higher highs and higher lows as the buyers come into the market.
Look for pullbacks and buy setups that meet your strategy rules if you agree with this analysis.
Price reached H4 resistance at the close of last weeks trading.
Now it's maybe time to sit out of any new trades until the market shows its hand.
Rejection and sell setup or breakout and buy setup?
Always trade with a profitable strategy and good risk management.
Since price made a high of circa 1.8550 last month, there has been a steady decline for EUR/AUD.
The most recent price action has been corrective in nature, and on Friday we saw a break and close below the counter trendline with the penultimate H4 candle of the day forming the first close and the last H4 candle forming a lower low and lower close.
This may...
XAG/USD found strong buying at $29.00
At $33.50 we saw price exhaustion and a correction start to form.
Look for price to break to the upside and give a buy signal which meets your strategy rules.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
Price is moving in a daily uptrend and has produced a bullish closed candle at the trendline.
This may be the start of another bullish impulse.
Look for buy setups that meet your trading rules if you agree.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
Since entering weekly support at 140.00 in April, we have seen a steady series of higher highs and lows (buyers in charge).
The MACD suggests that the bullish momentum is still strong with the peaks also making higher highs.
Price is approaching the current trendline and we may see buying resume again soon.
This is an idea of what may happen.
Always trade with...
Price has broken out of structure and is currently retesting previous resistance (the top of the structure).
Look for bullish changes in cycle on the smaller time frame if interested in longs.
A daily close back within structure would most indicate a false break.
Always trade with a profitable strategy and good risk management.
Price has printed multiple rejections of the 0.6000 zone over April and May 2025 whilst at the same time finding support at 0.5900.
Finally the market has seen a close below 0.5900 after printing a bearish engulfing candle.
We may see a pullback and retest of 0.5900 and a further move lower. However if we close above 0.5900 then we have likely to have seen a...
Price is moving within a triangle with support having recently been tested and rejected.
We may now see buyers take price higher to test the top of the structure again.
At that point look for a rejection or breakout.
This is a IDEA of what may happen. You should always trade with a profitable strategy and good risk management.
Price is moving within a descending channel.
With the bottom of the channel last rejected in April, we are now seeing buyers in control.
We may see price test the top of structure soon.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk to reward.
Last weeks bearish engulfing candle could signal the start of a correction back to the trendline.
Look for a break of the low and a sell setup that meets your trading rules.
This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.
The overall market direction is bearish with sellers in control.
However, with a triple rejection of circa 0.58500, we have seen a bottom formed and buyers now in play.
There is a potential for price to continue bullish towards the trendline.
This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.
Price has been in a correction pattern recently after the start of a bearish impulse from 1.5959
Now price has broken out and began the next impulse lower.
Look for a sell setup to target the -27% Fib and then potentially the -61.8% Fib.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
XAU/USD was finding support last week at the $3270 mark for a second time on the four hour time frame.
The last four hour resistance was also seen last week at circa $3365.
Look for price to head back towards resistance.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
Over March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024.
The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles.
We may possibly see price break out above the trendline and buyers taking control of the market.
This is an idea of what may...
