Overall, GBP/AUD us in a downtrend on the daily time frame, im waiting for price to reject the 7.83000 area of structure as resistance, then break past intraday structure of support around the 1.77000 area. once price breaks 1,7700 i will be looking to short sell. Of course, price does not do what you want so it is important to watch what price does, if price...
Hey, I am back with another Forex idea, this time looking at EUR/USD. EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom! TP1 is slightly below 1.8100. I am buying this current dip with a small stop loss. Good luck with...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure. . 🔸We are waiting for a breakout to the downside, and also we need a break of the Support Zone. The potential target is the next Support at 1.50500. . 🔸 Will look for a lower timeframe bearish setup...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Support Zone. . 🔸Last week we posted an idea when price was making a retest of the broken Support Zone. . 🔸Now, we observe that price has made a lower low in the current trend, so, the downside move continuation has been confirmed. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
In this chart Yellow is our entry Red is our stop White is the target Green zone market is support zone
Today we're looking at MRNA aka Moderna, the darling biotech that might be the savior of us all should they produce an mRNA vaccine that could be more easily produced and distributed at scale than a traditional vaccine candidate. Reading into this story I've been intrigued, especially with the nice patterns forming in this chart with an easy to identify Impulse...
Got to wait for the breakout. Which way do you think it will go?
Price looks like a clear sell on H1 time frame and looks like structure is forming a M and is completing the last leg. I'd wait for a clear break and close below the previous 1.29200 level on the H1 time Frame, and scale down to the 15M or 5M time frame, to get my entry off a retest NEAR that previous 1.29200 level above, and target that 1.28800 zone for 40+ pips,...
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline, however, it could not stay below. . 🔸Instead, it has broken the Trendline to the upside. . 🔸Before considering any long position, we are waiting for a break of the previous higher low on a lower timeframe to confirm the direction. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART...
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has also broken the Support Zone. . 🔸We consider that this pair has bearish potential. The next bearish target zone is the Support Zone at 120.00. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
Basic Fibonacci setup: Buy at 0.618-0.65 and sell at -0.272. SL below 0.65
Up to 50 Pips BULLISH. Like if you agree.
🔸 4H CHART EXPLANATION: . . 🔸Price made a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline). . 🔸We observe that the Support Zone has been also broken. We consider that this pair has potential to make a downside move towards the next Support Zone at 120.500. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS: