TECHNICALS: AUD/NZD is trading at a major daily resistance level and started to form a bearish wedge pattern on the H1 chart, where a fresh lower high is already evident. The bearish wedge formation signals weakness in the recent uptrend, with projections above previous peaks failing to move significantly to the upside. A break below the bearish wedge provides...
Today's update on the GBP/USD pair. TECHNICALS: Cable faced some strong demand in the last few hours after reaching a major H1 structural support. Recently, the H1 downtrend showed strength and accelerated to the H1 support, but the pullback formed a higher high and doesn't really show much decision to break below the 1.3013 level. A break below the 1.3085...
I believe if breaks through the 13 ema on the hourly tf, it will be a sell. We are above the 200ema, we can see that the price has been rejected 2 times so far, but I've got a feeling that tomorrow and Friday we are going short. What do you guys think?
Aussie dropped massively at its resistance point at the top 0.7000 USD and is trading in 0.6900 so we will take a trade against strong JPY from bearish channel downtrend line to reach fist resistance with 1:3 risk to reward ratio.
Hi traders, here's a quick overview of the EUR/USD pair. TECHNICALS: The EUR/USD pair had difficulties to break above the 1.14 level and entered into a correction phase, forming fresh Lower Lows and Lower Highs. The 1-hour chart suggests that a retest of 1.12 is possible, after which the pair could continue in the direction of the medium-term uptrend. ...
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....
Here in GBPNZD, we have a strong support zone & according to my experience in Forex Market it will fly over 400pips this time as it's possible 60-70% over Long term. What if it remains in its trend & break the Support Zone it will probably fall till the last support level and take rest there. In short it will move 100 pips up & down to remain in trend. But IN...
The EURUSD pair has arguably been the highlight in the FX G10 market in the recent days. Printing its 9th bullish day, it looks like there's nothing to stop the pair reaching 1.14, followed by 1.1450, where sellers could finally decide to join the market again. However, current levels don't provide an attractive entry point in term of risk/reward. A pullback to...
The GBP/USD pair trades near an important resistance at the 1.26 level, where bulls seem to have difficulties to push above. The level aligns with a strong horizontal resistance that dates back to April 14th. The pound also reversed today's losses, forming a bearish candlestick pattern that could push the price lower in the coming period. Whether the pair will...
Hello Traders, Here's my analysis for AUDUSD, I will be selling when it reaches top level to end off the correction phase and entering for the impulse phase. Trade Safe
Gearing up for a nice short on GU, price looks to be losing momentum to the upside, lets see how it plays out! Looks to be rejecting this current resistance level and point D, could be a lovely short! What do you think? Let me know below! Insta: @millionaire.ttfx
Possible short on GBPUSD, going to be monitoring this very closely! Looking like a good set up, patience is key! Follow me on IG: @millionaire.ttfx
Hello Traders, Here's my analysis for USOIL, I'm thinking this will go correlated with USDCAD. Trade Safely
I think this is what is going to happen. Feel free to leave your thoughts on oil :)
This is my short idea, these are all ideas. Not intended to be signals. Trade at your own risk. Thank you
head and Shoulders pattern alereadz retested corrective bearish setup broken