Hello traders, A triangle has been formed in the chart! This is the path suggest for the pair. However Due to news release of Canada, there might be some surprises in the path, I have my positions open with lower volume and will move my SL to just the point of news release. Any breaks out of triangle would make new setups available. Best regards, Ali
Reasons to Long: Bearish long-term channel Last break was bearish Reasons to Short: Near a demand zone that coincides with the bottom of the channel, which is around 1.0620 It seems that a weak short-term zone appeared around 1.0680 Conclusion: I predict a slightly bullish week. However, I'll wait to reach mid-term zones that can be found between...
Hello traders, The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790 At the same time breaking the...
Hello traders, The mid-term trend is bearish but we witnessed a reversal to the bottom of the linear regression channel. the short-term trend is bullish. There are two possible scenarios. reversing from current zone and reversing from the base zone. Remember that breaking below the 1.2650 is sign of a trend change. In case of reversal from current zone we we...
By taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready...
Bearish Channel: A significant bearish channel is drawn, indicating the overall downward pressure on the price. Key Resistance Zone: The resistance zone is marked in purple, spanning from 2320 to 2340. This area includes the R1 pivot level (2337.074) and represents a strong barrier to upward movement. Potential Scenarios: The red paths illustrate potential...
Dear traders! A mid-term channel is clear in the chart. A short-term channel is also there! Any breaking below the bottom of short-term channel is hunting liquidity as long as we are perfectly over the zone! Any breaks below the zone alter the bearish scenario! Remember that Final Manufacturing PMI release if USA could change the market direction.
Hello traders: This is intraday analysis for EURUSD: The mid-term channel is bullish and we are around a good place to see pressure of buyers. On the other hand, the bullish short-term channel is broken but we are far enough from it. I'm searching for longing the pair around the current zone 1.0845. my first tp could be around 1.08550 and the final TP is...
Hello Traders, gold is bearish according our mid term channel and yesterday pivots worked well. if just like me you have lost the entry of 2360.00 now you can enter in reverse. TPs are clear in chart and an alternative bullish channel could be implemented. Best regards,
Upon examining the updated chart for EUR/USD, it appears our previous analysis was profitable. Let's break down the current chart and provide an updated intraday analysis based on the new information provided. Previous Day Analysis Review In our previous analysis, we noted key support and resistance levels, the short-term upward channel, and the highlighted...
Features of the Chart: Short-Term Bullish Channel: Relatively sharp incline. Mid-Term Channel: Almost range-bound. Trend Line: Key support/resistance. Trading Plan: Confirmation to Buy: Wait for the break of the trend line and a move above 1.0856. Entry Point: Enter long around 1.085, which is the cluster of: Broken trend line Midpoint of the long-term...
**Overview:** This analysis focuses on the short-term and mid-term channels, along with key pivot and fractal lines for GBPUSD. **Features of the Chart:** 1. **Fractal and Daily Pivot:** - The chart shows a significant fractal point that coincides with the daily pivot level. This area acts as a crucial point of support/resistance. 2. **Channels:** -...
the red lines are linear regression channel and are short term The green one is bullish and long-term Breaks of rend line will alter chance of entering in the direction TPs would be around 2431.3 and 2451.3
Overview: We have identified two parallel channels, which are linear regression channels. Key zones have been calculated using fractals and pivot points. Key Levels: Long Entry: Breaking above 1.0871 presents an opportunity to enter a long position on a reversal. Short Entry: Breaking below 1.0850 presents an opportunity to short the pair. Validity: This...
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Trend line could be used as liquidity hunt, We expect a reversal from somewhere between the today and yesterday pivot point.
This is my suggested path for EURUSD for short-term trading It might be expired or invalidated first a bullish move to 1.0874. Then we'll wait for a retrace again to yesterday's pivot, a little over the monthly pivot which is around 1.0859 and a final upward move is waiting for us there to tp of 1.0887 Remember that the numbers are not necessarily precise they...
There's a bullish sentiment in both the short-term and mid-term outlooks for the pair. Two critical zones to watch are approximately 1.08356 and 1.08585. Consider ECB Financial Stability Review and then enter regarding your personal setup.