PyramidFx

PyramidFx

#nzdusd distribution phase. 22nd april daily key reversal formed, early and advance indication for reversal. price started distribution. on 7th May also again formed daily key reversal bar. double confirmation for short in coming days. initial target is 0.5800 which may suspect support level and then correction before going down for another let. two possible...

PyramidFx

#GBPAUD made a new high, then moved in a range 2.0685-2.1010 for a whole month. now support level 2.0685 broken. better to wait for correction/pullback to test the imbalance area between buyers and sellers. ideal level for short is 2.0960-65. stop loss: 2.1050, target: 2.0450 & 2.0360.

PyramidFx

euraud forming lower low and lower high on daily time frame, indication for downtrend. in daily time frame supply zone is quite larger, 1.5760-1.7885. ideal level for short is 1.7820 & 1.7885, stop loss 1.7910. initial target 1.7400, longer term down target is 1.7150.

PyramidFx

#cadjpy forming tripple bottom in 4h time frame, large speculators covering huge short positions. 62k shorts position in cad has been reduce which giving impact on cad strength. demand zone for long is 101.60, Sl 101.10, target 103.30 & 103.90.

PyramidFx

#eurusd weekly key reversal bar, made a new high closed towards the low which is early indication for bearish reversal. better to wait for 61.8, 70.0 and 79.0 fib level for correction to short to manage drawdown. stop loss above key reversal bar high. initial target might be 1.1100 and next one 1.1000 if breaks below the 1.1100. use low risk in reversal trade.

PyramidFx

#usdchf weekly bar is a key reversal bar, made a new low, closed towards high. market liquidity sweep below the previous double bottom. weekly key reversal bar is an early indication for bullish reversal. trend is quite bearish. better to wait for correction i.e. 61.8fib level, 70.0fib level and 79.0fib level as well. stop loss below the key reversal bar. Initial...

PyramidFx

usdcad stopped making further lower low in daily time frame. 23rd April daily candle made a higher low, indication for strength for coming days. demand zone for long is 1.3840-3800, stop loss: 1.3780, target: 1.4050-50. even weekly trend is down. reversal/counter trend trade. use lower risk please.

PyramidFx

gbpusd tested strong resistance level and high of the year 2024 which is 1.2423. her is weekly supply zone. price may start distribution for big sell. 1.3370-1.3430 weekly supply zone, stop loss place above weekly resistance i.e. 1.3475, target: 1.3030.

PyramidFx

daily demand zone range 1.8215-1.8160. sl below the demand zone i.e. 1.8140, target: 1.8395. trend is bullish but price is too expensive for buying so use low risk in trading. last weekly candle is bullish i.e. closing is above the previous week low.

PyramidFx

usdjpy broker 156.75 which is high/resistance level for November 2024, price broke below 153.20 resistance level. suspect further down move to test daily demand zone at 150.15, stop loss bit wider 149.15, target: 155.10

PyramidFx

#xauusd, on 30th October price test 2790 which is the highest price level in 2024. daily supply zone is bit wider i.e. 2773-2790 that is extreme supply zone before price dropped. trend is still bullish. 2778 is better level for short. stop loss above 2790. initial target 2718. need to break below 2718 for trend reversal confirmation.

PyramidFx

eurjpy near to its three month support level. 156.60 & 155.90 level of interest for buying. stop below the 5th August strong support level i.e. 154.40, sl is wider, while tp is too long as 160.80. 3rd December daily key reversal bar as well, made a new low closed in the middle. reversal trade need a lot of patience and discipline with proper money management.

PyramidFx

12th December daily key reversal bar, made a new low, closed off the high. 1.7835 strong support level of two months. price forming intermediate double bottom. 1.8080 is initial resistance level, suspect it will break. 1.8160 is another resistance level, if price breaks and hold above that resistance level then suspect further strength for target 1.8245. Place...

PyramidFx

#usdchf weekly chart forming higher high and higher low. Daily chart price near to resistance level. Buy limit 0.8630 & 0.8610, stop loss below the last weekly bar low i.e. 0.8600, target: 0.8710. 4h time frame bullish order block as demand zone is as 0.8630-0.8610 as well. place stop loss below the bullish order block i.e. 0.8600.

PyramidFx

16th september weekly bar is a key reversal made a new low, closed off the high, dictation for strength in usdjpy for coming days and weeks. first target: 147.15, second target is 149.30, need a lot of patient for this trade to make handsome profit. stop loss below the weekly key reversal bar low.

PyramidFx

Crude oil weekly key reversal bar, made a new low closed towards high, 67.40-66.50 is 61.8% & 79.0% fib level, expecting retracement to this level for taking long position. stop loss below key reversal bar low i.e. 65.20, target: 73.70. if price breaks below the key reversal bar with increasing volume then next buying level is 64.30.

PyramidFx

Last weekly bar of the month of August in Gold is Inside bar. Range confined within the range of the previously weekly bar. First weekly bar of the month of September is Insurance bar, broker below the Inside bar low which confirmed further weakness ahead. selling zone for gold is 2517-26. stop loss above the previous two weekly bars high i.e. 2534. Target: 2465...

PyramidFx

last weekly bar of the Month of August is weekly key reversal bar, made a new low & closed off the high. current week price pulled back to its 0.618% & 0.70% fib level. last fib level expecting before rally up is 0.79% which is 100.68. last and extreme level may touch 100.50 as well. if price breaks & closes below the 100.50 then it can go down further. but key...