When analysing the 4H chart it seems like a bearish pennant is forming indicating that there will be a bearish move. I'm not sure whether it will e a strong move so I have only added a small tp1 and tp2.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
When analysing the pair there seems to be a bearish pennant forming up which indicates the pair will go down.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
When analysing the pair it seems like a bullish pennent is forming up. I have considered the last 2 resistance levels and placed the TP below that.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
This pair seems to be arriving at a daily S&R level, If this is broken I would wait for the bounce back before the pair will read the next resistance level.
** I'm a newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
For me it looks like a head and shoulders pattern is forming on thr daily chart for this pair. Waiting for confirmations to get in to the trade.
** I'm newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
When viewing the 1 hour chart it looks like a bearish flag is forming up.
** I'm newbie trader who welcome all comments and feedback on my analysis. Thank you in advance.
For me on the 1H chart it looks as if there is a ascending triagle (bilateral pattern) forming up. I like to play it safe as I'm not sure whether the price will drop or keep moving forward. I've added 2 possible entry and exit trades for both long and short positions.
** I'm a newbie trader and I welcome all comments and feedback on my analysis. Thank you in advance.
In the daily chart we can see a strong bearish engulfing pattern forming up at a daily S&R. Furthermore, When we drill down on the 4H and 1H chart we can see a bearish pennent forming indicating that the price will do down. Even Futhermore, I expect with the unemployment news about to come out today will be bad for the currency due to the COVID pandamic it has...
As per my earlier analysis, the 0.6035 weekly S&R has now been broken by the bulls. I expect the price to test this level again before it continues with the bull run. I have added possible targets of we can take our profits on the long run using immidiate 4H S&R and daily S&R lines.
** I'm a newbie trader and I welcome all comments and feedback on my analysis....
With our last trade hitting profits, I expect the pair to be more bearish as the USD gets weaker. The pair seems to be forming a rising wedge on a previous consolidation range which I have marked. I checked the FIB retracement for the last big bull run and the pair is yet to hit the 61 mark which is almost same as a previous daily support line as marked in the...
AUDCAD pair broke through the weekly S&R point and I believe it will keep on growning at least till the next daily S&R line as it is not showing any weakness at the moment.
**I'm a newbie trader, and I welcome all comments and feedback on my analysis. Thank you in advance.
When inspecting the 4H chart we can see a rising wedge pattern forming indicating that the price will move down.
**I'm a newbie trader and I welcome all comments and feedback on my analysis. Thank you in advance.
This pair seems to show a assending triangle which is a bilateral pattern. The currency can either shoot up or down as there is no clear indication. I usually keep my options open and open 2 after i see a breakout candle from the initial triagle.
** I'm a newbie trader and I welcome any feedback or comments on my analysis. Thank you in advance.
At the moment NZDUSD is not giving a clear indication whether it has revised or whether it will continue down, .6035 would be a key level to break to get a confirmation of the bull run. it might turn around before that. I have placed a risky long trade for about 40 pips thinking the current long will continue until .6035.
** I'm a newbie trader and I welcome any...
I see a assending triangle for this pair and as it is a bilateral pattern its hard to predict the price movement at this moment. I have added 2 possiblt trading options as per my understanding.
(I do think the bull chance will be high as the non-farm stats are due to be out tomorrow and as per the forcast USD is set to be weaker.)
** I'm a newbie trader and I...
Overall trends on USD/CHF bearish, when looking at the 1D time frame a small bullish pullback is in the zone of a strong previous support line which I believe that will become a new resistance. However, I would expect to see a bearish confirmation signal before entering the trade.
** I'm a newbie trader and I welcome any comments or feedback on my analysis. Thank...
After the sharp drop in BTC it seems to be turning things back on track by making a long run. Once the price hit the daily support level it came back and then presented with a strong bullish engulf candle hinting that the market will be long for a while.
** I'm a newbie trader and I welcome any comments and feedback on my analysis . Thank you in advance.
Bearish Pennant pattern forming in the 1H chart and the higher time frames we see a bearish trend.
** I'm a newbie trader, I welcome all comments and feedback on my ideas. Thank you in advance.
