


USDJPY looks bullish after a test of a recently broken resistance. The price formed a bullish imbalance candle on an hourly time frame after its test and violated a resistance line of a bullish flag pattern then. I believe that the pair will continue growing. Goal - 145.8 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's...
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis in Forex & Gold Trading. 1️⃣History Repeats History tends to repeat itself in the Forex market. Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time. Take a look...
USDJPY formed a strong bullish reversal pattern on a daily, breaking the underlined daily resistance and confirming a Change of Character CHoCH. I believe that the pair will steadily return to a global bullish trend. The price may grow at least to 147.0 level after a completion of a retracement. ❤️Please, support my work with like, thank you!❤️
AUDJPY is approaching an important resistance cluster on a daily. The price formed a cup and handle pattern on that on an hourly. Its neckline has just been broken. I expect a pullback at least to 92.55 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their...
There is a high chance that US100 will retrace from the underlined blue daily resistance. I spotted a double top pattern on a 4h time frame after its test and a nice bearish imbalance candle that was formed during the NY session yesterday as confirmations. Goal - 19590 ❤️Please, support my work with like, thank you!❤️
Bitcoin has probably completed the accumulation stage after a completion of a strong bullish wave a week ago. I see a breakout of a resistance line of a symmetrical triangle on a daily time frame. It is an important sign of strength of the buyers. The price may continue going up now and reach 98.180 level. ❤️Please, support my work with like, thank you!❤️
One more CAD pair that looks strongly bearish to me is NZDCAD. Price action analysis speaks out loud on a daily. The market was rallying nicely and started to slow down, approaching a key horizontal resistance. The price started to consolidate and dropped then violating multiple horizontal supports and a rising trend line. With a high probability, the market...
EURCAD formed a huge head and shoulders pattern on a daily time frame. Its neckline was broken yesterday with a high momentum bearish candle. I guess that the pair may drop much lower now. Next support - 1.55 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their...
If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of course,...
I think that US100 is going to bounce. The price is currently retesting a recently broken key daily horizontal resistance. We see a strong positive bullish reaction to that. Next resistance - 19779 ❤️Please, support my work with like, thank you!❤️
I think that there is a high chance that AUDCAD will continue falling from the underlined yellow resistance. Next support - 0.8818 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Regarding Gold. I received multiple requests to provide the update after the price bounced to a target level, as I predicted earlier on Sunday. At the moment, we see a perfect example of a consolidation. The price is trading within a horizontal parallel channel - range. As always, the market will most likely continue staying within that till the release of...
I see a very bearish price action on USDJPY: The price formed a head & shoulders pattern after a test of a key daily/intraday resistance and violated its neckline and a rising support of a rising wedge pattern. The next strong support is 141.75 It will most likely be the next goal for the sellers. ❤️Please, support my work with like, thank you!❤️ I am...
Here is my latest price action analysis for EURUSD. The price completed a recent correction movement with quite an extended consolidation within a horizontal range and a symmetrical triangle. The violation of 2 intraday resistances with a bullish imbalance indicate a highly probable finalization of the accumulation. Probabilities are high that the pair is...
For some unknown reason, I received a lot of requests from the members of my free channels to share my thoughts about GBPJPY. Well, from a daily time frame perspective, the pair still looks bullish to me. I do believe that the market has unrealized potential to go higher. A bullish breakout of a neckline of a huge inverted head & shoulders pattern was a very...
Last week, I shared a very bullish outlook for CADCHF based on a breakout and a retest of a key daily structure. I keep holding a long trade on the pair and still expect growth. Goal - 0.602 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
There is a high chance that EURCHF will bounce from a recently broken horizontal resistance. After a breakout, it turned into support with a high probability. As a confirmation signal, I see a tiny cup & handle pattern on an hourly time frame and intraday bullish imbalance. Goal - 0.9422 ❤️Please, support my work with like, thank you!❤️ I am part of...
Here is my latest support and resistance analysis for EURUSD for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.