*Yellow = 200 EMA | Blue = 100 EMA This photo captures the recent movement of OANDA:GBPUSD on the daily chart. In this movement, we see varying price action, but the most important of which is the upcoming support around 1.199 which is an all-time low . This means that the support is outlined on every major time frame including the monthly, weekly, and...
Price Action (Technical Analysis): After a successful breakout of the head and shoulder pattern we find ourselves in a very volatile area with #1 Price retesting Daily Head and Shoulder Neckline #2 Price Retracing to Neckline Structure is also the Downtrend 61.*% Fibonacci Retracement #3 Downtrend Confluence #4 Long wicks in the Daily time frame and closes below...
Price Action (Technical Analysis): Price broke out of the daily bearish wedge, either price continous to break below and test the previous structure it breaks (Support turns into Resistance) or price decides to retrace to a key fibonacci retracement level. Fundamental Analysis: None.
Price Action (Technical Analysis): We see Sellers are beginning to gain confidence as price was rejected when entering our Resistance Zone. It is common to see Price Copy its Previous Pattern, we seen price attempt in the same pattern to break our Weekly Resistance and instead brought back down, Buyers are attempting to break above one more time but from what I...
Price Action (Technical Analysis): Price is flowing in a Descending Parallel Channel, i'm anticipating price to continue in its channel until reaching our Support Zone around 101.000. If our E Wave is properly set-up, it can give us our next push down completing our Elliot Triangle Waves also being our next Short Idea since we are in a deep downtrend....
Price Action (Technical Analysis): After receiving a decline when price reaches its descending trend line, Bitcoin looks to be coming down to the end of its squeeze anticipating a high volatile push to the upside as buyers are getting ready to enter this upcoming week. Fundamental Analysis: Big week for the Greenbacks as traders interested in Bitcoin speculate US...
Price Action (Technical Analysis): After Friday price is still consolidating between our 9 day & 26 Day MA. There is still a lot of buying volume in the market using our Ichimoku Cloud and RSI, indicating Daily Oversold Market. If price continues to fall then I expect buyers to enter the market around 1395-1400. We are in a bullish market and consolidating in...
Price Action (Technical Analysis): After Analyzing our Long-Term Position Zone last week, we are speculating price in smaller time frames to assure us price is continuing to our Monthly Support Zone. Price is in a descending parallel channel targeting our Monthly Low, Wave 2 we have an ABC Correction. Wave 4 developed Elliot ABCDE Triangles. Calculating the end of...
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
Now that The RBA has cut its interest and the economy not doing so well we could see this pair slump to 67 cents! Bare in mind that the 0.7000 level is a very crucial resistance at the moment and any upward momentum is unlikely to happen as the trade war persists putting pressure on the AUD. 0.67000 level is another crucial support that has been drawn from the...
Price Action (Technical Analysis): Daily Head and Shoulders formed & ready for a Breakout . Bearish weekly pin bar formed giving us a heads up bearish pressure isn't going to be fading away, bears are in control. I'd like to see a 4H or Daily candle stick breaking & closing below our Head and Shoulder Neckline to confirm our high likely...
Price Action (Technical Analysis): Making sense of what we currently see in the market would be acknowledging monthly impulse retracing into the 38% & since then seller haven't been cutting the bulls much of a break. The ideal entrance into this pair would be to allow price to test our monthly support & receive various confirmations around our psychological level...
Both Patterns meeting at same point of reversal. AS I post other pattern is forming on daily time frame link is attached. Reversal gonna occour on that 786% retrenchment which is a physiological supply area..
XAUUSD has a potential to form a bullish triangle which is a continuation signal. However it needs to retouch first the support area at 1390 before any further rise. How to trade XAUUSD: Sell and target 1390. Once the price reaches our buy zone and we get a rejection, we buy and target 1440. Or, just wait for the price to reach the PRZ (price rejection zone/buy...
The USDJPY currency pair took a nose dive over the past week due to to global trade wars currently underway. The USDJPY pair fell over 100 pips on Friday afternoon, May 31, 2019 which completed the BC leg on this identified bearish Gartley. I have also identified a bullish Gartley on the 5m-15m timeframes confirming the bulls entering the market after the massive...
Price in Monthly Chart had tested the Monthly Demand area printing the long-tailed Hammer which aligns with the trendline from 2016 and 2018 Demand zone. This alone give the strong conviction for Bull run Like wise , Weekly chart perfectly re-aligns being tested the Demand zones which printed the Doji Last week.I expect the weekly112-114 area to be easily...
This pair had been in a consolidation zone for over a week (shown as the blue box) and we've finally broken out below it. I am now looking for a confirmed bearish kumo breakout to enter a sell. I've drawn my entry point at a flat area on the kumo that also lines up near the end of the wicks of the failed bearish moves we've already had. My longer term target was...
Looking to sell rallies towards 1,13+ stop above 1,1345 First target around 1,11/1080