Good morning traders. That are my actual thoughts on USDCHF. Overall market situation is a Bearish bias with clean lows and highs formed. 4H: Market made its Retracement into our "golden Ratio" Fib zone. Lower - TF Bullish structure shifted to bearish structure after break of the 4H counter-TL The 8 EMA also give us confluence. I will look for a...
On EURGBP, the price has been contesting at the hourly support and resistance rectangular consolidation. It seems as if the candle may turn bearish and follow with resistance. After sellers enter and exit, the support will likely cause buyers to buy and rally the price to the Bearish OB, then rejected downwards to the second support zone. After a rebound, the...
There is a bullish order block at the 1.60519 level. I'm expecting current price to consolidate in the channel, then break the first resistance, followed by a rejection and rebound via the bullish ob.
I'm looking for a top to be made for the day and enter on a sell. If it breaks the high, will look for weakness and possibly re-enter
I am looking for either a break of the DAILY descending trendline and retest on the ascending 4HR trendline. With both of these potential set ups I will looking for either that bullish or bearish cande close once they react off of an area of strucutre. I will be looking to have a confluence of having a reaction off of fibonacci levels along with those levels...
Another SHORT on the GBP I have. Looking to enter tomorrow with the right confluences to make the trade more in my favour. I am looking retrace up to the pevious level of support and a touch on the descending trendline. I want to see a bearish candle close when touching these levels otherwise I wont be entering. With the reaction off of the previous support and...
Hey Traders! NEW week, NEW opportunities For the past few weeks we've seen a strong uptrend in the strength of the GBP. However, we can now start to see a weakness in the market. The daily ascending trendline has just been broken and we have begun to see a new descending trendline. What I am looking for is confluences to see this market head to the downside and to...
Hi. Percentage change of General Terminal in the process of 61 1D bars: (DXY Drop Length) As seen in the terminal Compared to GBP AUD, it is relatively inexpensive. A strong Parallel Channel is broken. But there may be a retreat. After that, a Lucrative Long position opportunity will arise. I'll try to catch it. Let's be on guard. Regards.
Price is being rejected from 0.74 area so will be looking for a long back to 0.78 top of channel
after breaking the trend line, could take a buy position for WB or W5 price near the Wave 1 territory ,completed 5 waves of Wc. so its a good r/r to take a buy position. also there is a TST setup and wc completed its 5 waves there.
🔸 DAILY CHART EXPLANATION: . . 🔸 Price bounced at the Ascending Trendline some weeks ago. . 🔸 However, we can see that the bounce was very week, and it has been broken to the downside. . 🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600. . 🔸 Will look for lower timeframe bearish setup. 🔸4H CHART...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Descending Trendline. . 🔸 It has broken the Support Zone. . 🔸 Now, it is on a corrective move, holded by the Resistance Zone (Previous Support) . . 🔸 Will look for lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price is facing the Ascending Trendline. . 🔸 If it bounces, it could make a bullish move towards the Resistance Zone. . 🔸 If the Trendline is broken to the downside, the target of the move is the Support Zone. . 🔸 Will look for lower timeframe setup when the direction is clear. 🔸DAILY CHART ANALYSIS:
Watching gbpaud to make a small move down with a potential long position
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Ascending Trendline. . 🔸 On a lower timeframe, the Descending Trendline of the downside move has been broken. . 🔸 The potential target area is the previous high, where price will make a double top. . 🔸 Will look for lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
On AUDCHF H4, daily resistance levels from January 10th to February 19th signify strong resistance towards the current retraced H&S formation. After rejecting to the H4 range support, the first resistance zone will be met, which will presumably pull down the pair, accordingly to June 10th. Following the pullback, we're anticipating minor retest on the 0.63764 and...
LLY will just bearish in the short term, while it fills the gap near $140. 1. Our first confirmation is that the 21 moving average is very far away from the current price at $160. We can see a sharp pull back from the resistance level at $160. 2. The fib retracement has reached 1.161%, which is a massive gain for bulls forcing them to take profits. 3. LLY...