Price is testing the broken flag support. There is too much bearish pressure for a comeback. It may try go to higher but I think the sellers are just waiting to add to their positions if it happens. I just opened a short position, if it goes up I'll add another short. It may take a few more days to drop when it falls it does it very fast.
This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well. We are watching this pair for a potential upside move. Does it have the ability to push up from here? *This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel...
Pros - One of the best armies on this globe. Almost completely reorganized in the last 10 years with the latest weaponry. - Despite sanctions feels good, agriculture developed, which was not needed because there were supplies from Europe. Now any field in central Russia is cultivated for crops. - There is a small amount of money in circulation. - Lack of...
FX:USDZAR A retracement forming on the 4hr after an elliot wave formation during a downtrend. likely reversal into an uptrend after the full retracement completes.
Exotic markets are risky, but I see good indication on this one. Not risking crazy amount, but I put in my trade at 8.59. Looking to take profit on the way up. I would honestly wait to trade until the 1 and 7 day moving averages cross, as it seems to be a strong indicator on this chart. At around 9.00 I expect a continuation of the down trend. I will still be...
The USD/NOK chart has formed a double top pattern, fell to the nearest support and has now the possibility of bouncing from there back to the top again, just waiting for a confirmation in the next few days.
USDZAR ▪️Support breakage ▪️A shoulder-head-shoulder pattern is forming ▪️1D descending triangular pattern We are going to wait for confirmation in the 15M period to go short (sell), since after the break of the support a shoulder-head-shoulder pattern is forming.
USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world. Leave a like and lmk what...
Another Wyckoff breakdown. Trying to get in the groove with my new found way of breaking down consolidations. Love when it creates confluence with my other theories. Yellen, One Move One Kill
I love exotics, mainly because they pay...lol See how this study can help your trading in the coming week. Yellen, One Move One Kill
Weekly/Daily: Clear uptrend. H4: Price recently formed a triangle which followed by a massive sell-off. Price bounces back from a key level and slowly pushing higher. H1: An uptrend trendline can be seen on the chart. Bias: The price might retest the support level @ 6.78400 and continue its upward momentum with initial target @ 6.85200, second target @...
Over the past months the pair has been in a down trend. It has broken a strong support level and is currently retesting before continuing its downward movement. I will publish more intraday setup ups on it if it continues to be bearish. Thanks for viewing. Comment with your thoughts I'd like to hear them.
Been eyeing on this exotic pair since the start of the week and it looks like it's still bullish. Do buy it and proceed with strict risk management. The setup here is a 1:3 Risk reward ratio. Thanks for viewing. Comment with your thoughts I'd like to hear them.
Weekly/Daily/H4/H2/H1: Price is in a downtrend direction and currently approaching a support level which is also a key zone. 30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days." Scenario A: Price could continue to drop until 9.31000 Scenario B:...