AUDCAD crossed the EMA Line again and is now in a downtrend. I Believe its going to strong support at 0.70700 Wait till the resistance level is reached and place the trade from there. Follow me for more Analytics and free strategies!
USDCHF buy opportunity right at 50% fib lev with support and trendline confluence.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the main Ascending Channel. . 🔸Also, the first structure after the breakout has been broken, and now it is consolidating again. . 🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone. ...
🔸 4H CHART EXPLANATION: . . 🔸We consider that most of the EUR pairs have a bullish output in the short term. . 🔸In this case, we can observe that price bounced at the Support Zone and broke the Descending Trendline. . 🔸It is consolidating on a corrective structure, and we are waiting for a bullish breakout here. . 🔸 If that happens, then we consider that it has...
🔸 WEEKLY CHART EXPLANATION: . . 🔸On the Weekly Timeframe, we can observe that price has been moving on a Descending Channel since 2015. . 🔸Now, it has bounced at the upper trendline, making a lower high. . 🔸We consider that this pair has potential to make a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART...
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Descending Channel where price has been moving for the last two years. . 🔸It has also broken the Resistance Zone, and now it is making a throwback. . 🔸We consider that this pair has potential to make an upside move towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
#YFI has lost the Monthly Weekly open. Trading underneath the Daily 200 EMA Lose the diagonal and & the 25% range and we head lower to demand zones for buying support. Note* I may short a retest red line - Long impulse - the green.
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced and the Resistance Zone and broke the Support Zone. . 🔸Now, we can observe that the Support Zone (now Resistance Zone), is being retested on a pullback. . 🔸If we see a clear rejection here, then we consider that there are high probabilities for price to make a downside move towads the Support Zone. . 🔸 Will look for a...
🔸DAILY CHART EXPLANATION: . . 🔸Price bounced at the Support Zone at 0.90000. . 🔸It has broken the Resistance Zone at 0.92000, where it is making a throwback now. . 🔸If we see a clear rejection here, then we consider that there are high probabilities for price to make an upside move towards the Descending Trendline. . 🔸 Will look for a lower timeframe bullish...
The pair is currently ranging in a parallel channel. It is printing Higher highs an higher lows suggesting the trend is still up. We also have a level which was a resistance and is now turning as a support. I am a buyer and will target the top of the channel. Trade at your own risk
Bearish. Like if you agree. I appreciate all feedback.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced and the Resistance Zone and broke the Ascending Channel. . 🔸Our forecast was bearish on this pair, however, it has bounced at the Support Zone and made a nice upside move. . 🔸In case of a continuation of this movement, the potential target is the Resistance Zone at 0.7400. . 🔸 Will look for a lower timeframe setup. ...
🔸4H CHART EXPLANATION: . . 🔸Last week we posted an Idea on this pair when it was facing the Resistance Zone, talking about the two possible scenarios. . 🔸Finally, the scenario is bearish. It was not able to penetrate the Resistance Zone, and it was rejected strongly. . 🔸We consider that this pair has bearish potential to reach the Support Zone. . 🔸 Will look for...
What do you guys think about this set-up?