GBPJPY LONG. I'm anticipating a ranging trade from the daily support level. The candle reaction is strong for a buy. Further analysis on the 1-hour chart reveals a double bottom pattern, and the neckline has broken above. I'm now waiting for a retest. Entry: 181.914 Stop loss: 181.11 Targets: 182.63 & 182.99
EURGBP short. I'm looking for a pullback trade from the current daily resistance level. The daily candle is showing rejection at this point in time. Further analysis on the 1-hour chart reveals a double top pattern, and its neckline has broken below. I'm now waiting for a retest. Entry: 0.87275 Stop loss: 0.8740 Target: 0.8706
AUDNZD Expecting a reversal from the current strong resistance on the daily chart. Daily candle shows clear rejection, and on the 1-hour chart, a head and shoulders pattern has formed with a confirmed neckline break. We'll look to enter on a retest. Entry: 1.08715, Targets: 1.0845, 1.0824
Going long on EURNZD. This is a trend-following trade from the daily support zone. The daily candle reaction looks strong, indicating rejection. When we look at the 1-hour chart, we can see a head and shoulders pattern forming. The pattern's neckline has been broken above, and now we will take the trade on the retest. Entry: 1.81305 Stop loss: 1.8046 Take profit: 1.8246
We're looking for a long trade on the US30, anticipating a reversal from strong daily support. The candle reaction seems strong, indicating a buy trade opportunity. On the 1-hour chart, we're observing a double bottom pattern with a neckline breakout, and it's currently undergoing a retest. Entry: 32,999.68 Stop loss: 32,807.31 Targets: 33,218.12 and 33,382.31
NZD/CAD LONG expecting a pullback trade from minor daily support. A strong daily candle rejection is visible. On the daily chart, there's a double bottom pattern with a neckline break confirmed by a bullish engulfing candle. I'm waiting for a retest to enter. Entry: 0.79965 Stop loss: 0.7970 Take profit: 0.80385
EURCHF SHORT. This is a trend-following trade. The market recently broke a daily support that has now become our daily resistance. The market is currently retesting this resistance. We are seeing clues of rejection in the daily candle reactions. Looking at the 1-hour chart, we've identified a double top trading pattern. The neckline of this pattern has already...
I am currently in a long trade on AUD/USD. This trade is based on a reversal from a significant daily support level. Although there isn't a distinct rejection candle on the daily chart, we are looking at the 1-hour chart where a head and shoulders pattern has formed. The neckline of this pattern has been broken to the upside, and we are now waiting for a retest...
We're taking a long position on GBPJPY, following the trend from a key level of daily support. You've found candle rejection clues on the daily chart, and on the 1-hour chart, there's a double bottom pattern with a neckline break that is currently being retested. Entry: 181.97, Stop loss: 181.23, Targets: 182.85 & 183.76.
XAGUSD has reached a minor resistance on the daily chart, where we anticipate a pullback trade. The candle reaction hasn't been particularly strong on the daily chart so far. However, on the 1-hour chart, an interesting trading pattern has formed - a double top, and its neckline has broken to the downside. When there's a retest of this level, the trade will become...
USDCAD SHORT TRADE Trend following trade From the daily resistance, the market has recently broken the support zone of 1.3425-1.3489 on the daily chart, which has now become our resistance. Currently, the market price is at this resistance. When we examined the hourly chart, we noticed a double top formation with the neckline breaking below. Now, we are waiting...
AUDUSD long: The market price is at a key horizontal demand zone on the daily charts, and the candles' reaction is also strong. The last two candles showed rejection at that support level. Upon examining the hourly charts, a double bottom pattern is visible, with its neckline being broken above and currently retesting it. Entry: 0.6793. Stop Loss: 0.6736. Take...
USDCHF short: This trade is based on trend following, originating from a significant daily horizontal resistance level. We observed a candle reaction, indicating rejection at the same daily timeframe. Moving to lower time frames, specifically the hourly charts, we can identify a rising channel and a double top formation at the aforementioned daily resistance...
XAGUSD SHORT: The market price is currently at a key horizontal resistance level on the daily chart. This level acted as resistance from December 2022 to February 2023, and later turned into support throughout most of April 2023. However, the market has once again broken below this level, and it has now become resistance for us. Furthermore, there is a candle...
EURGBP: The market price is currently at a key horizontal support level on the daily charts, with a strong candle rejection observed at the same charts. Furthermore, in the 1-hour timeframe, both a head and shoulders pattern and a falling channel pattern are visible, and their respective necklines have been broken above. Although there was a retest of the...
XAUUSD short. The market is at a key daily horizontal supply zone. On the hourly chart, there is a visible double top pattern, and its neckline has broken below. We are now waiting for a retest to enter the trade. Entry: 1975.00 Stop loss: 1984.00 Take profit: 1955.40
Trade from key daily horizontal resistance on the daily chart. Furthermore, moving to the hourly chart, there is a double top at that daily resistance. The pattern has broken below, and now we are almost retesting our neckline. It's time for our entry. Entry: 1.2526 Stop loss: 1.2555 Take profit: 1.2482, 1.2446, and 1.2407
GBPAUD SHORT: The market is currently at a key resistance level on the daily charts. We may expect a pullback for some time now, as this level serves as a significant horizontal level on the daily chart. Furthermore, when we examine the 1-hour chart, there is a clue indicating a potential trend reversal pattern known as the double top pattern. The neckline of this...