R2foreX

R2foreX

Hi dear traders . from monthly perspective the price has rejected from a strong resistance level which used to rejected multiple times . on daily we can see that price has just broke below daily structure but the point is the price is now exactly at weekly structure . so what we expect is a correction from daily move to the one of fibo level creating a head n...

R2foreX

Hi dear traders . here on USDJPY there is a nice situation to follow . after multiple rejection from strong resistance level the price has just broke above daily structure and retraced above it align perfectly with 38.2% fibo level . we will monitor price action if price will give us a nice long opportunity . Thanks for your time . This is my point of view of...

R2foreX

Hi dear traders , from weekly we expect another impulse .on daily time frame the retracement phase is showing a deceleration and it seems its going to be over cause it has just met a strong support area .if price will manage to break above the 4H structure then we can expect a nice long trade opportunity on the retest of the structure . Thanks for your time...

R2foreX

Hi dear traders . from weekly prospective another bearish impulse is expected .so on daily we are now on correction phase and if we can see closer on 4H a wedge pattern is forming , so before any impulsive move we have to wait this correction will finish and then we will see the price action will give us this nice short opportunity or not . Thanks for your time...

R2foreX

Hi dear traders . we were waiting for this bullish move on daily time frame .so the price has just broke above the H4 level and just retested the level . this could be a nice long opportunity . Thanks for your time . This is my point of view of current market , and you can analyze the chart before taking any action . let me know your comment below and leave me...

R2foreX

Hi dear traders . As its clear from daily the price has met a strong resistance level after a bearish move recently .so on 4H we can clearly see that the 5th wave of bearishness is going to over since the last engulf candle broke above the structure . so if this move continues we can have a very nice long trade opportunity on the retest to the level . Thanks...

R2foreX

Hi dear traders . from multi time frame perspective if we take a look at weekly time frame we can see that the price after a huge bearish impulse due to GBP weakness ,the price is now approaching a very strong resistance level which we expect a reaction on this level . if price will bounce up from this level it will give us a very nice long opportunity . but on...

R2foreX

Hi dear traders . on the weekly time frame after a huge bearish move the price is showing a rejection . from daily perspective the price has just broke above the daily structure , and finally here on H4 the price is already above daily structure showing a shift to the bullish phase which could be bullish beginning . if price action will do so ,we will take a nice...

R2foreX

Hi dear traders . On weekly time frame there is a clear rejection of huge bearish impulse , on daily time frame the fisrt impulse already started .the correction phase is almost going to finish .and we expect the second bullish impulsive move . Thanks for your time . This is my point of view of current market , and you can analyze the chart before taking any...

R2foreX

Hi dear traders . according to weekly and monthly from technical prospective we have a new bullish phase recently ,so the first bullish impulse has already finished .the correction phase now seems to be over since on H4 we can see that price shifted to a bullish atmosphere as well last day . We have strong EUR and weak USD ,so another impulsive move is highly...

R2foreX

Hi dear traders . By taking a short look at weekly and daily it is clear that price is in the bullish phase . recent bullish impulsive move has done retracement and the second impulsive move is going to start . all is ready on H4 to go for a nice long trade . Thanks for your time . This is my point of view of current market , and you can analyze the chart before...

R2foreX

Hi dear traders . The correction phase of bullish impulsive move seems to be almost over since it rejected once from 61.8% and now is above 50% .But we have to be noticed the price is still below daily structure .Only if price will manage to break above the structure and retest the level then there is a good probability to long this pair . Thanks for your time...

R2foreX

Hi dear traders . As it expected the price after a nice bullish impulse started a retracement , now it seem that the correction phase is almost over since price is breaking above the daily structure today . so we are supposed to wait if price will break and retest ? at that case it would be a very nice long opportunity to ride another impulsive move . Thanks...

R2foreX

Hi dear traders . It seems that the second bearish impulsive move is going to begin on USDCHF since the price retraced up to 50% fibo . but price has just tested 61.8% once and there is a probability to go and test it again which is aligned nicely with daily support . lets see what price action will show us .. Thanks for your time . This is my point of view...

R2foreX

HI dear traders . Due to uncertainty of second wave of covid-19 crisis as the market opened with USD weakness ,but how long this can last ? from technical prospective price is driving in a wedge ,it seem that its not ready to break because the price has just met daily structure and this can push the price lower to the support zone at bottom . Thanks for...

R2foreX

Hi dear traders . With a quick take a look at monthly time frame we can see that price has just met monthly trend line .On the other hand here on the daily the price seems that is about to start a correction phase since it consolidated last days , The second bullish impulsive move has broke all structures above and now we expect a retracement of it ,at least to...

R2foreX

Hi dear traders . Here on NZDCAD the second bullish impulsive leg is about to make a proper correction as recent days consolidation appeared .so the price need to correct itself and this correction can fall nicely to the 50% of fibo which is align with previous support level . we will monitor price action on 4H if price will give us a nice probable short trade...

R2foreX

Hi dear traders . after a nice bearish impulsive move a retracement was expected ,so the price has done it nicely and it is currently below 50% of fibo .on the other hand price has met the daily support which is align with 61.8 % of fibo . so we can expect another probable bearish impulse from this confidence area . so we have to monitor price action on 4H to...