And the CPI just drives GBPJPY break the trend line. And potentially I see this could head below 160 level, possibly around 157-158 area. Macd is supporting the view at the moment, there is cross over to downward and the histogram is currently below 0 level. My stop would be somewhere ABOVE 164.126. Manage ur risk:reward minimum 1:1.5. Trade well and wisely. 🙏🙏🙏
We get confirmation from lower time frame. Yesterday's rally I didn't sell oil. M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo. Pay attention to the 2 tp zones I defined. Trade well and wisely.
A break out of contracting triangle indicates this eurusd will try upside target again. My stop for this long positiin would be BELOW 1.00968 (low of 27 July), the lowest of lower trendline of the contracting triangle. Manage your risk well. Min target is R:R 1:2. My personal taking profit area would be somewhere around 1.04-1.05. Trade well and wisely.
It is obvious that from d1, h8 and h4 TF oil is bearish trend. But I dont think it is wise to sell at current price. I prefer to sell the rally. The red box is selling zone while the blue box is the taking profit area. 🙏🙏🙏
Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone. In my humble opinion we can...
As I mentioned before, for this week I would prefer to sell the rally for usdjpy. U may refer to my previous analysis which titled alternative scenario for usdjpy. For these 2 days price rallies upward. I think this is gonna be chance ro reenter sell again. I have defined the selling area and the tp area. U can stop if the price break the blue lower trend line...
There is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas. Manage ur trade mate. Trade well and wisely.
From H4 chart it is indicating oil to revisit July 2022 low, 90 level. Chikou is pointing downward. Candle is running below cloud. So in my humble opinion it is pointing to July 2022 low. The STOP should be ABOVE 97.14 level.
Overall trend which is shown by d1 chart xauusd remains bearish. Candle is still running below ma 50. Candle is running below the cloud of ichimoku too. But macd is crossing up below 0 area upward. For this sort orf market I prefer to sell the rally. The moment would be whenever gold rally up near the upper parallel down trend chanel. That is the moment to SELL...
3 times correction hit around 50% fibo area then bouncing higher. Good chance to see eurusd towards 1.03 to 1.04 area. I am holding buy eurusd. Trade well and wisely.
This morning I posted there is chance for usdjpy to test lower trend line (red line trend) then drops. But there might be alternative scenario in case if usdjpy fails to retrace higher near to lower trend line (red line), i drew the blue trend line in case the price fails to go higher to test the lower red line. If the price breaks down lower the blue trendline...
EURCHF is heading to 2015 low. After 7 years since 2015. This might be a good chance to enter long for long term as well. 0.9714 is the lowest price of 2015.
21 July was the day USDJPY managed to break below the lower trend line. Just after that the pair us still running below the lower trend line. We are heading to main focus of this week, fomc and gdp announcement. I believe before the fomc there is chance for USDJPY to retrace to retest the lower trend line. And that is the moment to sell again just like what I...
From the trend chanel, macd and sma 50, eurgbp is indicating to retest 0.83 level again. So in my humble opinion I am going to sell. Stop ABOVE the horizontal redline. Trade well and wisely. 🙏🙏🙏
D1 remains bearish even gold jumped last week after hitting 1680 area to 1739. Any rally to selling zone (1739-1780) would be good selling area. The buying zone (1676-1687) remains my favorite area to buy. Trade wisely.
Interesting to see GBPAUD D1 chart. We've been at ranging market for couple months. I spot divergence which are shown not only by MACD but RSI as well. Possibly it is indicating buy opportunity around the blue rectangle zone. Then the take profit target is the green rectangle zone. Trade well and wisely. 🙏🙏🙏
D1 chart is showing us how bearish usoil. But I am not suggesting anyone to sell at current level. I prefer market to retrace to my selling zone. With the target taking profit 90-95 level if we get any retracement to the level I mark selling zone. Trade well and wisely. 🙏🙏🙏
If we see from D1 chart it is still overall bearish. Even lower time frame indicate bullish mode. I wpuld prefer to sell the rally as I have defined the area as selling zone. The downside target is the rectangle I put below. 0.6732-0.6681. Trade well and wisely. 🙏🙏🙏