GBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred. We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
EURAUD is moving in a descending channel and the pair has reached the upper resistance zone of the channel which is a previously broken support zone which has turned into resistance zone. I expect to see bearish move from this zone.
We'll be keeping an eye on the USDCAD between 1.3700 and 1.3650 to see if there's any potential bearish momentum to trade short.1.3600 zone for the first take profit and 1.3500 zone for the second take profit. NOTE: USE ADEQUATE RISK MANAGEMENT. Keep in mind: No admittance, no confirmation. FOLLOW ME TO SUPPORT MY WORK AND LIKE
Hi Traders! DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level. 104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The...
Last week, the price of gold fulfilled my analysis as I predicted a long in the week from the support (1902/1904) to the 1926 where the EMA-200 is a resistance to the price but the setup was only 40 pips short of what actually happened last week. In the weekly time frame, the gold chart is bullish as you can clearly see a tweezer bottom candle stick which...
Good day, traders. This morning, GBPUSD is a little bit unpredictable. I'm keeping an eye on the price movement on a 30-minute period, but I won't make a judgment until there has been a breakout, maybe to the upside or downside. I'll be patiently waiting for the price to break and retest the 1.2734 zone to take my buy order, or for the price to break and retest...
At heavy resistance + bearish ob DXY has room to move up with a bullish structure, and GBP looks weak v the Euro
OANDA:XAUUSD is still under bearish pressure. A false break-down of the triangle resistance makes the price prepared for a further decline to 1939. What to expect from the price today? The U.S. is having a day off today, so there will probably not be much volatility. The dollar index has been slowly strengthening since the opening session, which could cause...
The analysis is based pm Elliot wave principle. Here, we are selling the 3rd wave of wave 5. The previous wave(wave 4) form a bearish triangle, than wave 1 of 5 break the triangle downward. We are to wait for a retest and at any bearish candlestick pattern we short the market.
EURCHF is pushing downwards after the ECB's interest rate hike, with the euro weakness and strength of the Swiss franc considered the ultimate safe haven currency along with the yen. The objective now is to wait for it to drop to the 0.9710-0.9730 zone before considering a long or short scenario. Let me know your thoughts in the comments. Good trading to...
Hey Everyone, As advised this morning after hitting our last open BUY target at 1673, that we were now looking for cross and lock with EMA5 above 1673 to secure the upper range upto 1691 or we would see a rejection here. We waited for the 1H chart test on this resistance level and secured a clean 50 pip SELL down to 1668 VIP INTRADAY level. We are tracking and...
The dollar strengthened broadly on Friday, affecting the EURJPY as well. The euro/jpy currency pair is renewing local highs and is aiming for the 149,000 zone. New threats of intervention from the Central Bank of Japan forced investors to be on high alert. On the global chart we see a global distributive movement after the exit from the 136.9 - 113.3...
Hey Everyone, Please see updated daily chart structure and setup. We have identified and drawn a Goldturn descending channel, which is being respected well. We have also broken down the channel with the weighted Goldturns to track the movement level to level. We saw a nice support test at channel floor above 1612 Goldturn with EMA5 creating a new Goldturn at...
Hey Everyone, Please see updated 1H chart with new weighted Goldturn support and resistance levels. This range now has a current blueprint for upper and lower levels. We can use EMA5 cross and lock to move level to level. We will trade this level to level with our Bias towards our long term trend BUYING dips. We have updated a Goldturn Channel that is being...
Hey Everyone, Lovely day of milking buys from support levels from the drop. We did take a position at the top, which we covered from positions from the bottom. Breaking down LOTs in small sizes in tight ranges is the best way to handle this market condition when positions get stuck in swings, we call this range management. We run an open and honest channel so...
Take this Trade and Enjoy Profit Sell Entry Point 94.266-94.362 TP 93.849 SL 94.606