Uzi-Trades-Forex

Uzi-Trades-Forex

Head and shoulders indicating targets in the red and orange demand areas. Best of luck!

Uzi-Trades-Forex

broken flag + demand zone bounce from earlier = Hitting next supply Dont bother to take the trade, we are already very late on this one! we will see if it comes to retest the flag area then we might enter otherwise it is very poor RR

Uzi-Trades-Forex

Broken supply = Demand area Expect the next supply!

Uzi-Trades-Forex

Falling wedge breakout + supply area breakout = expect that green box

Uzi-Trades-Forex

I guess it is pretty evident from the chart itself. Enjoy the head and shoulders! Cheers!

Uzi-Trades-Forex

BOE has almost always lacked in behavior to The Federal Reserve. Considering the rumors of rate cuts by the Feds, we naturally assume BOE and ECB will cut their public rates after the federal reserve. Therefore, our technical picture demonstrates that further highs need to be explored by the cable. Technically we have broken out of the entire area of dropping...

Uzi-Trades-Forex Updated 

Alright folks, we are here again at all time high! Considering the recent bull run to retrace the price levels back to all time high we are at a historic point again where gold must decide whether it wants to give bears an opportunity to enter or let the bulls have a wave extension to 2133. Whatever the case is, it is kinda risky to buy here because as the...

Uzi-Trades-Forex Updated 

Be advised that Gold has opportunity for both sides in the current scenario if supple area breaks I cannot think of a reason why it should not just hit 2060 since it is the only historically proven consecutive supply zone if the current resistance area between ~2000-2010 breaks. For a bearish scenario, please wait for that yellow trendline to break, it is the...

Uzi-Trades-Forex Updated 

A very prominent reversal is spotted on GBPUSD considering the following: 1- Head and shoulders appeared as a reversal structure which is an indication that long positions are being closed i.e. GBP might start to lose the battle against USD. 2- Broken lower trendline indicating a shifting bias to downside. 3- We are still stuck inside the daily tf ichimoku cloud,...

Uzi-Trades-Forex Updated 

Alright guys call it luck or whatever but today is the day Eurusd weekly triple tops break low! This is a once in a blue moon occurrence that we are able to spot a large signal right when it has broken out. Although I would tell you to sell Eurusd as it retests the neckline at around ~1.08 but since the upside possible corrective targets are very small you may...

Uzi-Trades-Forex

Upon the last weekly closing we have finally witnessed the bullish flag breakout on USDCAD. Long term forecast indicates that we can be expecting the target range marked on the chart. Now why is that? I have the following evidence in this regard: 1- We might be heading to mark monthly triple tops by hitting the area between 1.4300-1.4700 2- There is no...

Uzi-Trades-Forex Updated 

First of all, this is purely a technical analysis, please read and view it as one! XAUUSD, by a major part, is on a bear rally. But we have come to a point where gold must decide whether it wants to continue the rally or bounce off. Now there are two scenarios that we can expect: Scenario 1: Gold breaks the demand zone at 1893-1904! Consider the following...

Uzi-Trades-Forex Updated 

We broke the consolidating rising wedge low today with a H4 engulfing candle. it is a very authentic sell signal on USDCAD. The most adequate target for this PA is the wedge low price which is marked as Target 2 on the chart breaking lower than that expect 1.32xx. Best of luck and happy trading! Ensure proper risk management!

Uzi-Trades-Forex Updated 

We may have underwent a reversal on NASDAQ, the technical aspects of this claim may be noted as: 1- Double bottoms pattern with neckline broken 2- We just crossed the Daily TF ichimoku cloud 3- Our downtrend broadening channel has broken high We have a total of 3 TAs that says we should NASDAQ in higher target zones in the coming days. However, the fundamental...

Uzi-Trades-Forex Updated 

Currently, we have three TAs supporting the idea of holding short positions: 1- Rising trend channel support break and retest 2- H4 cloud break and retest 3- Demand zone break and retest 4- Diverging RSI is a further evidence of a possible big move down! All of these confluences happening between the range 45-55! PA suggests that we hold short till price breaks...

Uzi-Trades-Forex Updated 

This idea is in continuation to my previous idea about XAUUSD . The uptrend channel has finally been broken after a lot of struggle. Another developing pattern in progress is that inverted cup and handle in red indicating a possible bearish trend initiation if successful (1932 is the neckline we must close a daily candle below it). Furthermore, that huge...

Uzi-Trades-Forex

Evidence of the claim: Inverted cup and handle spotted on silver, base pattern target is around $20 region. Green trendline marking the first short entry broken. Inverted cup and handle neckline broken and retested. Shooting star rejection from the neckline retest appeared (indicating entry confirmation) Best of luck and happy trading :-) The RR is...

Uzi-Trades-Forex Updated 

Today we are going to analyze the current critical situation gold is entangled with. Looking at the chart, we can see an uptrend channel (demonstrated by green trendlines) that we are trading from November 2022 till present date. Now, as the circumstances prevail we might have a possible breaking of the channel structure since we retested the channel lower...