Good morning traders, looking at the 1 HR chart of EURJPY, you can see a bullish pennant has formed. I am hoping the price will retest the resistance downtrend and retest the support price 126.100 and climb upwards out of the triangle and continue to head bullish to resistance price 126.690 and still continue bullish. Like if you agree. I appreciate all feedback.
Buy IF: candle closes above the 0%. Take profit at -27% level Sell IF: candle closes below the 38.2%. Take profit at 61.8% level Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level. Note 2: The profit target...
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price is facing the Weekly Ascending Trendline. . 🔸In case price bounces, then we could see a bullish move towards the Resistance Zone. . 🔸 In case price breaks to the downside, then the next bearish target is the Support Zone. . 🔸 Will look for a lower timeframe setup.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price is on a downtrend. . 🔸It is facing the confluence zone between the trendline of the channel and the Support Zone. . 🔸 We are waiting for a clear definition here. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS:
Hello traders, looking at the 4 HR chart of CADJPY, you can see an upward channel. I do believe it will continue to go bullish to resistance price 80.922 and 81.703. You can see that the candles are above the ichimoku clouds which indicates a buy. Like if you agree. I appreciate all feedback.
Hello traders, looking at the weekly timeframe, I believe that EURJPY will continue to go bullish for a while. You can clearly see the candles are above the ichimoku cloud which indicates a buy. I do hope EURJPY will hit the resistance prices 132.165 and 136.870. Like if you agree traders. I appreciate all feedback.
Hello traders, here is my hourly analysis for USDCAD. I do believe that this pair will continue to go bullish. As you can see it broke the downtrend and it has created an uptrend. You can see that the ichimoku clouds are turning green indicating that its still buying and its starting to go above the clouds. I do hope it reaches both resistance prices 1.32915 and...
Hello traders, I believe EURUSD will continue to go bullish to the resistance price 1.23963. You can see that the candles are clear above the ichimoku clouds. If you agree with me, please like this post. I appreciate all feedback. Thanks. Good Luck Traders!
On the monthly Time frame the market has created a demand area, and after the demand area, we might expect the market to go to the next level of Resistance (Monthly resistance) and that is what the market is doing. ON the weekly, the last candle has not come to an end, but we can see that it has broke a resistance level, and by the way we might see the present...
Hi traders, here's an update on USD/CAD and how to trade the pair the next trading week. TECHNICALS: USD/CAD has been in a strong downtrend on the daily chart after respecting a long-term falling trendline and after higher oil prices supported the Canadian dollar in the last few weeks. The pair is now completing a correction, which can be seen on the 1-hour...
Full Analysis for pair GBP/CHF! Write me your opinion in the comment thanks! If you identify with my analysis, like it!
It looks like the third wave has been extended.I think we Usd/zar will make higher highs
I see potential move to the downside, set your pending orders below the trend line.
I like the setup to at least test previous support. A break above would get my attention.
hello traders, just a simple analysis. What do you think?
Just a quick simple scalp opportunity. If you agree, please like the post.