4H CHART EXPLANATION: - Price broke the Ascending Channel. - However, it was not a clear breakout, it made an horizontal move for a few weeks. - Right now it is moving towards the Support Zone at 141.00. - If this zone is broken, there is potential to reach the Support Zone at 136.00 - Will look for a lower timeframe bearish setup in case that scenario...
Hello Traders, Here's my analysis for GBPAUD, it seems to have been trading this channel for 7 months now. Trade Safe
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
4H CHART EXPLANATION: Price broke the Ascending Channel and has bounced at the Support Zone. The bearish scenario is almost confirmed, but we need that to the Support Zone to be broken. Once that happens, then we will look for a lower timeframe confirmation to take a short trade. DAILY CHART:
could see bears take over soon to push price further down from the current supply zone.
Similarly to usdchf, this pair is approaching a supply zone which we can short from to further trade the bearish trend that this pair is currently in.
Hello traders, Here's my analysis for XAUUSD, it seems to have touched our top of our trendline and will be heading down to 61.8% fib level Trade with safety :)
Traders & Investors! Yet another opportunity to leverage the Coronavirus theme out of China. We anticipate flow on effects of lacklustre industrial demand for the precious metal through to Silver importation through EM Asia/China resulting in a sell off. Technicals are lining up for favourable entries across the board. We have added sellside exposure across...
still holding my shorts after the supply has been tested yet again.
Hello Traders, Here's my analysis for XAUUSD, it seems to be retesting back to the 0.618-0.786 fib level! TRADE SAFE
Hello Traders, Here's my analysis for GBPUSD for the next weeks! Trade Safe!
Looking to short this pair from the current supply zone
Cable is in an obvious BOUNCER market here, which is great! We are allowed to trade both short and long, inside the recognized range - as long as our TS has all of our trades are fully confirmed. Most technical studies show near-perfect signals when Mr. Bouncer rules the game. Recognized and confirmed a trading opportunity at point marked with the callout. Trade...
NZDJPY is approaching a strong resistance area. I will short the market in case of a bearish breakout of a rising wedge pattern. Target levels will be: 72.0 / 71.75
Hey here is AGI trade Call Buy in 235-240 Sell 245-260 Short Trade
4H CHART EXPLANATION: Price has bounced at the confluence zone between the Ascending Channel and the Resistance Zone (observe the daily chart below). After that, it has broken the Ascending Trendline, and now it is consolidating below. We consider that should be a nice bearish movement in the short term. DAILY CHART ANALYSIS: