Well, here we are again with gold! Sorry, folks, but the gold chart keeps popping up on my screen, and it’s just too tempting to ignore. So, I figured, why not share my insights? As a trader, it’s important to keep those technical analysis skills sharp, so here we go—I’m eyeing a short position from this point. The resistance isn’t the strongest, but it’s holding...
Looking for a new LL, after price action dropped with NFP.
I'm not going to say a lot of things here it's just some idea. I'm not telling u to do the same thing as me.
NASDAQ:NVDA is setting up to short TA Weekly is Overbought at 76 RSI TA Daily is Overbought: Now at the Supply Zone of March 29 2022 high at $291.51. Wall Street Analyst PTs are met at $290 and below $300. PE at 167 years earnings Ex Divi date 7th March 2023 so shareholders should receive that divi by payment date.
Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
We've gone bearish since the price came down from the trend line. It'll be a short trade right here after a rejection from the resistance level.
EURUSD short-term momentum turn bearish with stop sell opportunity @ 1.6 risk/reward ratio
Price is at first level and I believe it will drop for at least another level. R:R 1:3
FOREXCOM:AUDUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top. Price is also at a support zone and we can see a break in support Since market price moves in waves, the price can break the support and retest the broken support before making a move...
After the first wave, correction we are ready to move down. Objective 1 6.000 and second 5825. As you can see we had made a pull-back to the breaking line and now we only can spect the second wawe. Aternative scenario when we go up above 7.192. Good Trading ant Take Care.
GBPUSD is tested its 62% percent Fibonacci retracement Level three times but it failed to break that level also, it formed a failed ascending triangle pattern at the retracement level so we might see further downside in GBPUSD pair. So, we can also see triple top formation in the ascending triangle. Like/Comment/Follow Us For More Idea Note - Trade With Proper...
AUDUSD is trading in falling wedge resistance line for shorter term trade. One can trade on short side with falling wedge as stoploss and target will be the support line of the falling wedge. The long term trend in AUDUSD is on downside. Like/Comment/Follow Us For More Idea Note - Trade With Proper Risk Management System Only Thanks
EURJPY is trading downside from its previous top in Channel pattern also it is trading at its support line so we might see some bounce back in EURJPY from its support level towards upside one can trade with stop loss with support line and trade for long side for few pips. Like/Comment/Follow For More Idea Note - Trade With Proper Risk Management System Only Thanks
USDCAD has given a breakout from descending triangle pattern which is classic bearish pattern or it is indicate trend reversal as you can see in chart it has taken support @1.3995 and it will move towards the resistance zone for price correction and again it might move to make new low @ 1.3751 which will be next target price for USDCAD Pair. Like/Comment/Follow...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 10th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. Looking at the 1 hour time frame, we are looking for price action to pullback into it's previous area of resistance at the 1.74 area. If price action can pull back into this resistance region and reject...
Simple trend continuation. Consecutive 4hr lower highs made, price has now reached the bearish TL and Fib 0.786 level. Short trades targeting new lower lows at 70.00
NZDJPY Short set up after last weeks lovely bearish action. 4hr bullish trendline broken. 4hr lower low made last week. I am shorting on the retest of broken trendline, multiple rejections of the Fib 0.618 level and lower high forming. SL comfortably above 0.786 Fib