🔸DAILY CHART EXPLANATION: . . 🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe. . 🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone. . 🔸In case of a breakout of the Support Zone, the...
Dash - Short term - We look to Buy a break of 77.62 Price action has formed a bullish ascending triangle formation. The bias is to break to the upside. We look for gains to be extended today. Trend line support is located at 75.50. Short term MACD has turned positive. Our profit targets will be 84.59 and 87.48 Resistance: 77.50 / 79.40 / 84.80 Support:...
🔸DAILY CHART ANALYSIS: . . 🔸Price did a double top at the Resistance Zone and bounced. . 🔸It has broken the Ascending Channel, and we can observe that now price is making a corrective an retesting a strong supply zone. . 🔸Our bearish scenario takes the Support Zone as the main target of the downside move in case it happens. . 🔸 We are waiting for a clear breakout...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Daily Ascending Channel. . 🔸After that strong downside move, it made a corrective move, which was broken some days ago. . 🔸Now it is making a smaller correction, where we are waiting for a bearish breakout. The bearish target is the Support Zone at 132.000. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY...
As we can see we are in a downtrend, however at the moment we are in a corrective phase of it, creating this rising wedge with a confluence of the 61.8 fib if we can reach the intersection of both trendlines this would be an optimum place for shorts and price would definitely react to this level even if it is not in our favour.
USDCHF is breaking out from a wedge formation to the upside. Rising wedges usually break to the upside. RSI is giving a clear bullish signal of breaking 60 after quite some time, and has potential to rise again. MACD is giving also a buy signal. EMA's (20 and 50) are likely to give a buy signal, or are giving a fake buy signal right now. Free 26 pip trade. TP...
Stellar - Short term - We look to Buy a break of 0.0842 (stop at 0.0819) We look for gains to be extended today. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.0840, resulting in improved risk/reward. 0.0840 has been pivotal. Posted a Double Top formation at 0.8400. The medium term bias is neutral. Our profit...
🔸TRADE EXPLANATION: . . 🔸Today we are going to share a full explanation of a Bullish pending trade that we have on EUR/USD. . 🔸On the Weekly Chart, we can observe that the Descending Trendline valid since 2008 has been broken to the upside. . 🔸If we zoom into the Daily Timeframe, there is a corrective move making a throwback to the broken Trendline, and also...
AMD one of the best performers of the year hit a 2.272 fib extension on the monthly previous swing in '06-'08 Bearish divergence formed at that extension perfectly on multiple time frames Weekly, Daily and 4 hr. Could have a head and shoulders top/into a descending triangle possibly with a measured move of around $ 59-53 Fuck ur calls bruh not financial...
UK100 - Intraday - We look to Sell at 5944 (stop at 5979) Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. We have a 61.8% Fibonacci pullback level of 5944 from 6042 to...
GBPCHF H4 - Broke the interim support zone but now testing the more major zone, really strong RR here, we talk about this in the rundown now coming through.
EURNZD - Short Term - We look to Buy a break of 1.7796 (stop at 1.7769) The bias is to break to the upside. A break of yesterdays high would confirm bullish momentum. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7796, resulting in improved risk/reward. Short term MACD has turned positive. We look for gains to be...
🔸 WEEKLY CHART EXPLANATION: . . 🔸As we can observe, this pair has been on a downtrend since 2017. . 🔸It has recently retested the Descending Trendline, and left some strong bearish candles. . 🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the...
Patterns tend to repeat themselves. There is an interesting similarity happening here. Bear in mind that the markets are random but do hold hidden patterns. Caution and controlling loss are the big priorities. Positioning the next. I'm stalking this situation very carefully. No predictions today or at any other time. Disclaimers : This is not advice or...
VLDR creating higher highs/lows, giving a good opportunity for a 3:1 setup trade.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸After that, we can observe that has been consolidating on a corrective structure. We are waiting for a breakout to the downside. . 🔸 In case the breakout happens, our first short term target is the Support Zone at 0.6400.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸After that, we can observe that has been consolidating on a corrective structure that has been recently broken to the downside. . 🔸 The first bearish target of this move is the Support Zone at 132.00. Will look for a lower timeframe bearish setup. ...
Hello traders if you like these posts please like and share. Looking to add sells. Goodluck traders. Trade with wisdom.