AUDJPY printed a Higher Higher and a Higher Low on an hourly timeframe. A bullish hammer was printed on the dip which indicates a potential bullish shift. An entry is advised at 38.2% fib level with stop loss being the previous Lower High; whereas the TP levels are advised as per the RRR of 1:1 and 1:2 respectively.
-Price broke uwpard ML -Price removed opposing pivot supply -DBR created -Valid 1TF swing or use 4hr demand as HTF and wait for new LTF conf day-trades. -Spread will be wide + comossions high... Ideally not for most traders.
Making Bullish flag pattern USDJPY BUY AT 136.390 TP 137.300 SL135.860
Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD: • 3 MA's cross inside the bullish candlestick . • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line during that candlestick . • Additionally, negative MACD decreasing, looking...
Hi guys , I had to take a break lately Looking into GBPCAD Price is in an area of demand on the larger timeframe and seems to be gaining momentum as bulls want to take control of price , While price is currently making an ascending triangle on the H1, it makes higher lows while entering a suppressed zone Looking for a break of the resistance which is getting...
Waiting for the pullback to the snd zone and chasing the target!! WARNING, I only analyze, if the prediction is right and the prediction is wrong, I have measured the risk!!PLEASE support me give a like if you like it!! Thanks!!
EURUSD - Intraday - We look to Sell at 1.1987 (stop at 1.2011) Daily signals are mildly bearish. Pivot resistance is at 1.1990. Preferred trade is to sell into rallies. We look for a temporary move higher. A higher correction is expected. Our profit targets will be 1.1916 and 1.1886 Resistance: 1.1990 / 1.2000 / 1.2020 Support: 1.1940 / 1.1920 / 1.1900
Confluences: -enter on the retest of the break of consolidation -broke out of the downward channel -weak DXY -strong bullish momentum to break the box
This action could determine if EURGPB stays bullish on the higher timeframe. The top blue line you see is my 1D technical analysis which is tested twice but likely to break if there's a high volatility move. Daily there's a triangle being formed. The blue line is the upper side of the triangle. The green lines are my long entries and the red ones are my possible...
Right now, NZDUSD looks like it can have a positive bounce back from the negative draw down of the current bollinger bands indicator. It also seems like it may start garnishing much higher support especially looking at the SMA. The fractals are also there although volume is pretty low. Resistance may be broken soon and it might not be beaten up longer. As always,...
The EURUSD's EMAs are in a bullish stack. The green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. Moreover the EMAs are showing good angle and separation (red ellipse). This is a signal of a strong underlying momentum. This strength has taken the EURUSD pair above the resistance around the 1.10 level (green...
Here is my analysis on the USD/JPY. I will look for a buy opportunity when it will bounce up at support level but for the moment I will wait some days to open a position on this pair. What are your thoughts on this? Do you have any advice for me as a young trader (17 years old) ? Contact me ; )
Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951...
LTCUSD is approaching our first resistance at 31.30 (horizontal overlap resistance, 61.8% Fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 27.25 (100% Fibonacci extension). A break below our intermediate support level might provide the bearish acceleration to our major support target....
Hi guys ! This is just a BUY signal on GBPUSD -0.44% . -> XABCD pattern -> Double bottom -> Strong support Targets at the arrows. Thanks for your time.
Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742...