Technical Analysis FX:EURCAD Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market. Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement. Key zones are being broken,...
Technical Analysis FX:EURCAD Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market. Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement. Key zones are being broken,...
Bullish Outlook Supported by Trendline, Support, and Resistance Levels The CAD/JPY pair has shown a strong bullish pattern. The price has touched the trendline for the third time, confirming its validity. Additionally, it has broken above the yellow resistance level and is currently retesting it, signaling a continuation of the upward momentum. From a daily...
I decided to share my entry today, AUDCHF broke out from a double top chart pattern formation and retested decently. I'm expecting a drop down to 0.5771 which about 400 pips my first target is 0.60451
I was anticipating a buy position on oil but it failed to break 82 dollar region where I plotted a minor zone. it has come down to break a very strong support, I'm watching out for weekly candle close and a retest to that zone it broke out from then I will be looking out for sells opportunity on 4hr Time frame.
I analysed this pair on 7 of March 2023 and it's playing out nicely. AUDUSD broke a strong support with huge engulfing candle on daily TF and came back retested the zone that's a very good sign that this pair is ready to go down. I'm anticipating 400 pips on this pair.
I analysed this pair on 7th of March and it's playing out nicely. AUDUSD broke a strong support with a huge bearish engulfing candle, came back retested the zone. that's a very good sign the pair is ready to go down. I'm anticipating 400 pips on this pair.
GBPCHF I'm expecting this pair to go down as I supported a weak sign and it making a lower though it is still standing on a minor support. I will be opening a position if it break the zone and retested it.
USDJPY has come to hit my TP, though I'm still expecting some upward movement. I shared an analysis on 22/02/23 concerning DXY gaining strength, which will affect dollar base pairs. I reviewed two pairs which I opened: USDJPY and EURUSD . my EURUSD trade is still open, though I have realized first TP and also added a little position which currently on profit. I...
in my last DXY analysis I predicted dollar strength as I spotted bullish flag and it has broken and come and retested as predicted and is about closing with a bullish candle in a daily TIme frame, which it is a sign of pure bullish. already I'm short in EURUSD, I added some position which is playing out nicely. GBPUSD and AUDUSD is the next pair on my list. XAUUSD...
do not forget I analysed this pair and explain why I will be shorting or selling this pair. first: double top spotted on daily time frame secondly: DXY gaining momentum also it has fullfiled my criteria by breaking the kneckline. now I will waiting for a pullback toward the kneckline. then I will scaled down to 4hr Time frame to place a trade
AUDUSD is ready for a sell/short just as DXY is gaining momentum as predicted. all you have to do is wait for a pullback to that yellow zone I plotted then scale down to your favourite time frame and sell. me I prefer 4hr and a counter trend break. also check out my GBPUSD prediction playing out as planned. please reduce your risk when trading correlated pairs.
in my previous analysis, I predicted EURUSD sell, and it moving nicely according to the analysis. I have booked 200 pips first TP and move stoploss to break even, I'm expecting it to touch the yellow zone I plotted. from that yellow zone we will know if it will continue downtrend or just retest to the upside.
I spotted a bullish flag chart pattern and a fake out on Dollar index. once dollar index is bullish expect other dollar pairs to gain strength, like: EURUSD, AUDUSD, GBPUSD, XAUUSD, USDJPY, NZDUSD etc.. currently I'm short in EURUSD and USDJPY I'm in long position. Please becareful, reduce your position percentage when trading correlated pairs.
As you can see clearly, there is a double top on the daily time frame. I'm expecting a break of the kneck line then I will be opening a sell position. also Dollar index is showing some strength. I'm expecting Dollar pairs to gain strength soon.
I predicted this move and it came and hit target with
BTC has come and retested the zone it broke out from. this signify a good sign that BTC is going to buy this week. next level target is 24k. as you can see in my setup
CRUDE OIL: as you can see it broke out from a trendline and came back to grab some liquidity. this is why it's good to have patience in the market. we can also spot a double bottom which signifies an up trend. TIPS 1: always wait for a for a retest when a trendline is broken 2: always map out zones in every trendline breakout as I did so. 3: also it is advisable...