On EURUSD, price has formed a possible channel on H1 timeframe as it went below the demand zone (1.19). All fundamentals let us think that the bullish scenario isn't gone. However, more confluence is needed on this to take the right decision. A possible scenario: Could be that price touches the upper trendline, dive back in the channel and breaks the upper...
BTC has successfully retraced 61.8% in the corrective waves (ABC) and we can consider this phase to be done. An overview on the H4 timeframe will tell us that BTC is in its 3rd wave (bullish) and longest. Round numbers are our next targets. Will it be able to reach the 60K by the end of the week ? Supply and Demand will tell, that's why you should fasten your...
On PFIZER , H1 timeframe price is around a critical decision zone, so what can we expect here: 1. Global Recover: If the fundamentals are positive, then the chart will be bullish and we will go into the 1st scenario where price continues to trade inside the channel until it reaches the resistance zone were we can look for sell setups. 2. Failure: Unlike the...
LTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons: 1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here. 2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it...
On GBPUSD, following the negative CPI impact, price went downward to reach a critical support zone, so what are the possible scenarios here: 1- Rebounce Back: Price hit the 1.37 level near the support area and also a long-respected trendline as it was trading inside a channel, so the price can jump back bullishly to target previous highs. 2- Dive Inside: ...
Following its motive 5 waves, Ethereum is now flat, waiting to see what is its next move: 1- It can goes down: to complete its C-wave with a maximum retracement of 61.8% and we will be using this level as our next support to enter a long position there. 2- Consolidation: on the current demand zone before jumping back into new peaks. Will it stay in a...
NETFLIX stocks price is inside a channel ranging with a small volatility, and here are our two possible scenarios: 1- Staying inside the channel: Price goes down, touches the lower trendline and our RRR will be perfect as the stop loss won't be too far. Plus, we will be around an important support zone, decreasing risk on our trade. 2- Going outside the...
If you have missed this one, then your chances are back. Our uptrend was broken then the price went back to the higher levels where it was trading last week. More confluence means less risk. RSI is reaching critical levels pushing bears more. The price can still trade inside the resistance zone for a couple of days, so trade safe and best of luck ! If you like...
AUDUSD has failed to break the so called resistance and a trendline is forming thus we will wait for a 3rd touch to form and possibly sell on it's break downward. Moreover, fibonacci levels are precisely respected. Will it succeed in breaking the uptrend ? Remember that this one could be in a corrective wave before the storm as the USD can possibly be failing...
USDCAD is into bearish movements and now it's retesting the resistance zone that was once acting like a support. Moreover, this one is preparing for its fifth and final wave so a short position might be entered here. Trade Safe If you like the idea, support us with a like and follow. MacroForex
If you have missed this one, then you probably have the opportunity to enter this one since it's trading around the entry point. Previously, the downtrend was broken and the price was around a support area. Best of luck ! If you like the ides, support us with a follow and like. MacroForex
On EURCHF, price is sitting around our support and on H1 as it's clear, we have an objective trendline. A long position can be entered if the price breaks it upward. Until then Trade Safe. If you like the idea, support us with a like and a follow. MacroForex
On USDCAD , price is retesting our support which might become a resistance. Although Canada's inflation was worse than expected, but USDCAD failed to bounce back above the support since the USD is under negative pressures as the DXY is also. MACD is making HH while price is making LL. Will it continue it's overall bearish trend ? Or do we have a reversal ?...
Following the cycle, BTC is heading into new highs. IT'S THE ROAD TO THE 70,000$ . Many economic indicators can help us confirm that: 1- With the Fed holding interest rates , DXY is now bearish although the US economy is recovering. 2- Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds, giving BTC more...
OANDA:GBPJPY This one is sitting around a very strong resistance and a bullish trendline has been formed with more than 3 touches. Moreover, on this one, price is into corrective waves , adding more confirmation into a short position. Waiting for our trigger to sell this one. GET READY SHOOTERS ! Trade Safe ! If you like the idea, support us with a...
On this one, we saw that last week the price went into a bearish movement then it bounced back up. This time will the bears win the battle ? If they do, it means that our trendline shall be retested as the price is sitting around a resistance and we will sell it on it's break downward.
This one is sitting around a support so as it is drawn, if the scenario is active we will buy this one.
This one is overall bullish inside a possible channel (still an idea) so we will be waiting for more confirmation to buy this one. Meanwhile, we do not have enough confluence on this one.