USDILS the Probability of Sharp Market DeclineBased on the available data, we can consider that the price has reached a point of completion according to the Elliott Wave theory, along with supply and demand analysis. Currently, we find ourselves in the fifth wave, which may end at any time.
It is important to note that there is a possibility of a sharp drop that could affect the overall direction of the price. In the best-case scenarios, the price may reach a level of 3.838. Therefore, it is advisable not to rush into buying and to exercise patience and avoid haste, as rushing can lead to losses.
It is recommended to monitor upcoming market variables and carefully observe price developments.
Usdilsbreakout
USDILS is going to break 20years downtrend!!!Based on recent price action, it appears that USDILS may be primed for a bullish move. The USDILS chart has just closed its first monthly candle above a long-term downtrend trendline that has been in place for more than 20 years. This is a significant technical development that suggests a major shift in the currency pair's direction.
With this in mind, a potential trading idea would be to enter into a long position in USDILS at current levels, with a buy zone of 3.50-3.65. This range is based on previous support and resistance levels and should provide a good entry point for traders looking to capitalize on a potential breakout.
As for targets, the first level to watch for is 3.80. This level represents the next resistance zone that USDILS will need to overcome on its way higher. If the pair is able to break through this level, the next target to watch for is 4.15, which represents the previous swing high from 2018.
Of course, it's important to remember that trading always carries risk, and there are no guarantees in the markets. It's always wise to manage risk by using stop losses and other risk management strategies.
USDILS.. Important levels & Trend linesUSDILS.. Important levels & Trend lines
In light of the continuous and repeated raising of US interest rates, we most likely expect an upward strength of the US dollar, and in turn, the stability of the USDILS pair above 3.40 levels will push it to achieve more gains, especially in light of the current Israeli conditions, and the news that talks about its indirect intervention In the Russo-Ukrainian War.
It is worth noting that these levels are for the weekly term, not for daily trading, so you can consider them as a guide for the long term.
Do your research and apply proper risk management as nothing is guaranteed in forex trading. This is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
USDILS good pattern on a DailyHi Traders,
This is my view on this cross for the next few days.
#USDILS
Waiting for a strong breakout of the structure and the retest of the structure itself to go long
SL few pips below the lowest low and TP on Risk to Reward 1:3
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
USD/ILS REVERSAL LONG SET UP (EXOTIC PAIR)TITLE: USD/ILS REVERSAL LONG SET UP
Asset : EXOTIC
Type : BUY Limit Order
Time Frame : MONTHLY
Entry 1 $3.4278
Entry 2 $3.3930
Sl $3.3610
Tp.1 $3.4678
Tp.2 $3.4930
Tp.3 $3.56478
tp.4 $3.6890
tp.5 $4.000
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