the pair reaches the same resistance for the 3rd time and creating an evening star candlestick formation which has more confluence that the pair might push downward know that a bearish structure is being formed (lower highs and lows)
this pairs is repeating itself every time in the same way. A 4hrs close below 1.2850 can open a room to 1.2730 as 1st target and 1.2600-1.2570 as full target. trade safe
if you liked the idea, kindly hit the like and follow. weekly started showing some bullish pressure from the double bottom created. in the last 7 days. EURUSD was consolidating between 1.0470 and 1.0580. keep in mind that 1.0640 is a very critical level for this pair to decide its direction. for long positions we have to wait for a 4hrs close above 1.0640. 1st...
if you liked the idea kindly hit the follow and like button. as you can see XAUUSD has a clear uptrend since 17 march 2020. And it the last fourty days the price hit this support several times failing to break it down. If you zoom into the 1hr time frame, you can see clearly a bullish flag forming with a potential inverted head and shoulders formation. First...
after finishing 5 waves up and made 3 waves pullback named A, the pair retraces 3 waves pullback B and we should start the C correction that contains 5 waves for a possibility to retest wave 4.
- GBP/USD: day trade long ⬆️ - our scenario: Buys above 1.3650 - alternative scenario: sells below 1.3500 - targets: for buys: 1.3700-1.3800. for sells: 1.3400-1.3370. - comments: we need at least 4hrs to daily close above or below the mentioned areas.
With risk-off sentiment, I think the demand for JPY will increase, which affect the AUD inversely, our scenario: entry from current levels. targets: 80.60-79.00
- our scenario: sells from the current zone - targets: for sells: 86.93-83.00-79.82 - comments: no clear entry yet, we need a bearish structure to be formed before looking for sells, but RSI is in the overbought area + critical weekly level + daily resistance.
- our scenario: buys above 1.3550 - targets: 1.3600-1.3650 - comments: wait for a bullish or reversal structure from the mentioned zone.
after finishing 5 waves down and beginning of a correction. you can see a AB correction that came as a flat creating a Double bottom (wave 5 and correction B), we can expect to have a C that might retest wave A. wait for confirmations. - our scenario: buys above 0.7150 - targets: 0.7260-0.7300 - comments: we need a clear 4hrs close above the neckline.
ABC correction to be as a 5-3-5 formation? - our scenario: Sells around 123.70- 124.00 - targets: 122.85
After finishing the 5 waves down since 31 JULY 2020, the pair reached the 5th wave @ a weekly support and demand zone creating a double bottom for more confirmations. as you can see on the charts we have an A, B correction, and could the C wave retest the wave A as a flat correction. zooming into 4hrs time frames, we have a clear downtrend and the price reaches...
- our scenario: buys above 156.25 - targets: for buys 156.70(rejection area) 157.50 (top of wave 3) and could be expended - comments: we need a 4HRS close above the wedge to confirm our bias. the price might create an extended wave down, before resuming up.
- our scenario: Buys above 0.8370 - targets: for buys: 0.8394, 0.8415 - comments: on the weekly t.f , RSI is showing H.L while the price is creating L.L (bullish divergence) and still respecting the downtrend support held since 18 oct 2021. Zooming into the daily t.f, RSI is creating a DoubleBottom with a possible retest and bullish crossover. we need 4hrs...
Hello traders, if you liked the idea, kindly hit a like and we're ready to answer questions related to our studies - our scenario: SELL below 82.00 - alternative scenario: 82.50 - targets: for sells: 81.40 ...
Hello traders, if you liked the idea, kindly leave a like and we're ready to ask your questions related to our study. - our scenario: Sells around 156.50 - alternative scenario: buys above 156.50 - targets: for sells: 155.50 for buys: 156.50, 157.10 - comments: after 5 weeks up, the 1st bearish candles appear on the weekly resistance, while...
hello traders, if you liked the idea, kindly leave a like and feel free to ask any question related to our study. - our scenario: sells below 1812.00 - alternative scenario: buys above 1830. -targets: for sells: 1800, 1790. for buys: 1850 - comments: RSI on weekly is choppy, no clear moves. On daily, we have a possible bearish crossover on RSI. in...
If you liked the idea, kindly leave a review EUR/NZD: swing trade long ⬆️ - our scenario: buys ⬆️ above 1.6790 - alternative scenario: sells ⬇️ below 1.6540 - targets: •for buys ⬆️ 1.6900 ⬆️ 1.7100 •for sells ⬇️ 1.6330 - comments: we need @ least a strong daily close above the neckline and above the downtrend. disclaimer: our analyses are based on our...