Traderscope

Traderscope

The pair has tested the trend line around 77.70 last friday. According to the chart we can expect a bearish reversal at least until 76.50 then 76.00. The strategy will be invalidated if the price goes above 77.75.

Traderscope

AUDUSD is in a downtrend for weeks and has tested its trend line. The probability of downtrend continuation is high. A short is recommended here. A stop loss could be placed above the last higher at 0.7415. A first target would be 0.73 then 0.7250.

Traderscope

The pair is currently testing a key zone where a trend reversal could be triggered. The trend line is acting as a support and the probability to see the price rebounding is high. In this scenario, 1.0860 could be a first target then 1.09. This bullish scenario will be invalidated if the price slides below 1.0780.

Traderscope

As we can see on the chart, the price is currently testing the trend line H4/D1 around 0.8507. A rebound is highly probable and it might be interesting to anticipate a trend reversal in this area. A first target could be 0.856 then 0.8600 and 0.8650. The configuration will be invalidated if the price slides below 0.8498.

Traderscope

CHFJPY has failed to break out the resistance/trend line as seen in the chart. A significant decrease of the price is not excluded.

Traderscope

The pair EURCAD is currently testing a key zone right on the uptrend line H4. It might possibly reach 1.4900 then 1.4950 in a second wave. The configuration will be invalidated if the price goes below 1.4780.

Traderscope

We can notice on the chart that the pair is evolving below the downtrend line. It's pretty clear that you must be bearish until further notice. As soon as the pair breaks out the trend line, we will start thinking about buying the pair. Hope this help !

Traderscope

Hi, we can see on the chart a beautiful green candlestick that suggest a potential rebound of the pair. According to my strategy the opportunity is interesting with a managed risk. A first target could be 110.50 at this point. Of course the stop loss must be placed below the last lower and below the line. Hope this helps !

04:04

Traderscope Updated 

Hi, I decided to share my profitable trading strategy which is really simple by the way. I use trend lines, supports and resistances. I don't use any other indicator. It is maybe not the best but for sure the best that fit my psychology and my lifestyle. Hope this helps !

Traderscope Updated 

In H4 we can see that the pair has tested the downtrend resistance line. As it is the third test we can expect that the pair will continue the fall maybe until the downtrend support line. The invalidation of the strategy is of course above the resistance. Hope it helps !

Traderscope Updated 

Hi, as seen on the chart, the pair is closed to a big trend line acting as a potential support. In my opininion I think that the price will trigger a rebound this trend line. The reversal will face then to a potential resistance around 0.8680. The setup will be invalidated if the price goes and closes below the trend line. It is important to wait for a reversal...

Traderscope Updated 

Hi, according to the chart, we can notice that the price has triggered a powerful bounce on the support line daily. This means that the price could continue the reversal trend at least until the first downtrend line as seen on the chart. Then a breakout of the trend line could be an option to reach the top downtrend line. The strategy will be invalidated if the...

Traderscope Updated 

Hi, the pair has shown a failed to breakout the downtrend line on the chart. So we can imagine that the multiple long shadows oh the candlestick daily announce a bearish situation. I think that the price will fall at least until 1.6850 the maybe more possibly until the uptrend line that we can see on the chart. The strategy will be invalidated if the price breaks...

Traderscope Updated 

BTCUSD is neutral between 28000 and 40000$ for weeks now. The price is around 32K but a fall below 28K would be a potential disaster for the bitcoin as panic could take place on the markets. But we are not there yet. The price could fall below 30k to take more room for a strong bullish reversal. This scenerio is the most probable for me. It is not the first time...

Traderscope Updated 

As seen on my previous analysis on EURGBP. The configuration is highly positive for a bearish run on the GBP. So, thinking that GBPNZD will decrease in the next days is quite logic. Of course the strategy will be obsolete if the price breaks out the resistance. Except this all lights are green for a short at least until 1.9700. Hope this helps !

Traderscope

Hi, according to the chart, the pair has tested for the third time the support line daily. When zooming on H4 timeframe we can notice a green candlestick which means that the break down has potentially failed. In this context, eurusd could trigger a reversal of the trend to reach much higher price. I am long on the pair for now. Of course the invalidation is below...

Traderscope

The price has reached the trend line on the chart at 1.3798. In H4, we can see a green candlestick which means that the price has reacted positively. According to that we can anticipate a reversal starting from this area at least until 1.3900 then 1.3950. Invalidation zone is below 1.3790.

Traderscope

According to the chart we can notice that there is a reversal confirmation H4 on the third test of the trend line. So we assume that the price will trigger a come back to 0.9355 at least. Invalidation zone is below 0.9290