GBPUSD (4H): Price broke to the upside of the triangle pattern and is currently at the 50 SMA as well as near the previous high created Oct 11. The trend is clearly down and I expect selling of bearish price action at this level as well as the other overhead resistance zones (up to the 61.8% retracement). I would only consider buying (counter trend trade on a...
USDJPY (4H): After double bottoming (on Sept 27) at the 100.00 support zone, price moved sharply higher and is now back at previous resistance. THe 50 SMA has catch up with current prices (due to slowing momentum) and there is a rising wedge which I am expecting to break to the downside. My downside targets would be the 103.0x zone (38.2% retracement) then the...
EURUSD (4H): The downward momentum has slowed as price runs into the 1.10000 level. I expect some correction. This zone is also the 161.8% extension of a previous down swing. Price is trading slightly below the down channel lows and is overextended with significant separation from the 50 SMA. The USD as been strong and I expect selling pressure at previous swing...
Good times to look for shorts on Alphabet/Google, Stocks. Wish you all the best!
From my point of view, entry opportunity short for EURCHF, with two possible targets, view the safety box is a possible area retraction price (there is a high probability that ignore), good to enter or to use as margin security, depending on the tactics. 1 goal, is itself a line break, if the price closes below the target 2 is a high probability. Good trade,...
SPX500 (4H) is coiling into a wedge pattern the centre of the consolidation is around the 216x zone. Both the 20 and the 50 SMA have flattened. The price action seems rather balanced. It should however be noted that the last dominant move was a swing low. There is immediate resistance at the 217x zone and immediate support at the 214x zone.
USOIL (4H) Oil is trading slightly above $50. Will more buyers step in and push prices higher or is it time for the bulls to take profits? There is significant separation between the current price and the 50 SMA. Are the bulls willing to keep buying at these prices or will they prefer a retracement to the moving average before taking prices higher? "The trend is...
On the GBPUSD (4H) chart, price is trading close to the low of the bear channel after bouncing off the 161.8% (at 1.2690x) extension of a prior swing low. Since we are currently trading below the range lows, I would expect this area to act as resistance. The market is over extended and there is significant separation between price and the 50 SMA as well as the 20...
USOIL - Price structure analysis (4H)
GBPUSD (4H) The downward momentum is slowing down. Price has traded sideways for a couple of days below the 1.3000 level which as acted as resistance. It also at the 78.6% retracement.I am still bearish because we have a down channel and trading below the 50 SMA. Price is now at the 20 SMA which is flattening out due to the sideways price action.
Currently trading at the top of the bear channel withing a region of previous consolidation which could act as resistance.
USDCAD Price structure analysis (4H)
after long rally the price hit hit supply area , good risk/reward from this level
The trend Line on 4H brake and retested , so i think the best is going long and first target is The daily area
its obvious what im looking for. lets see will it break to upside and trigger buy stop or it will continiue correction
GBPJPY is trading close to 61.8% fibonacci on a 4h chart, which has previously been respected multiple times. EMA 200, which also has been respected as a resistance, is close to the fibonacci 61.8, and RSI is close to being overbought. All this, accompanied by the fact that the candle is a shooting star makes me go short on this pair. It could however be wise to...