Volume_FX

Volume_FX

EURNZD is about to go up, I used Schiff oitchfork for the Analysis. ------------------------------------------------------------------------------------ The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Volume_FX

Hello traders, -As you see we have a bearish triangle on the 1 H chart, a break down the support line-level could accelerate the drop, however, we still see rejection from the 40 $ level. -Possible support levels are highlighted on the 1 H chart. - the 1 D chart shows a deceleration when the price approached the gap level of 41.6 $, Confirmed by the MACD...

Volume_FX

Hello traders, after having news from OPEC+ and US inventory that pushes the price up, you might want to watch this breakout or rejection of the resistance level for long or short opportunity, as always, we wait for confirmation to open position.

Volume_FX Updated 

Hello traders, as I mentioned yesterday it was a clear double top (M shape pattern) now it's testing the neckline level if it fails to break above it we may see the price fall.

Volume_FX Updated 

Hello traders, I've been watching this double top pattern closely, it seems that oil is going down, let's see if it breaks down the support trendline.

Volume_FX Updated 

Hello traders, as you see on the 4H time frame chart if the price couldn't go above the highlighted rectangle, then the pattern will be confirmed and we might be looking for nice short.

Volume_FX

Hello traders, on Friday we've seen strong buy pressure dove the price up after Thursday prices decrease (could be related to the IEA report release where they expected an increase in demand), however, we can see clearly that the price is ranging in a bullish triangle, any break above the resistance line could take the price higher, the current resistance price...

Volume_FX

Hello traders, a retracement accrued this morning, the price reached the trend line after yesterday break down, you may want to react up the candle closer above means it's going up, below may mean it's going down. your comments are welcome. remember to use the responsible risk management.

Volume_FX Updated 

Hello All, The oil price is following the 1 H trend line, 39.85-39.95 was previous resistance and now current support, where we can see the rejection which confirms that price is heading higher next. Thanks

Volume_FX Updated 

Hello guys, In GBPCAD case, we have 2 double bottoms, the first one highlighted in green, the second one in blue, most likely we will have the following scenarios : 1- The first move will be probably downward to test the 1 H chart double bottom neckline (highlighted in blue/ level 1.6855). 2- Firssecond move will be probably upward to resume the uptrend of the...

Volume_FX

Hello, Head and shoulders pattern form is clear one the chart which may indicate a bearish trend, however, we should wait for confirmation to decide where to go next, it breaks down the blue trend line and the red horizontal support level, we may go short, it fails to break down both line we may want to look for price reversal and go long. thanks

Volume_FX

Hello Guys, As I mentioned in my last 2 posts about crude oil , today it has reached the 40$ level, now it decreased to test the neckline level of the double bottom formed previously, In case it closes above this level we may take a very good long position toward 41$.

Volume_FX Updated 

Hello all, as we can see on the 1H and 4 charts, the W chart pattern (double bottom) was formed on the trend line, we can open a very good long position after breaking out the neck level as shown in the chart.

Volume_FX

here you go guys, the breakout happened, we still want to wait until it closes above the neckline level for confirmation, enjoy the profit while using proper money management.

Volume_FX

After reaching the support level of the trend line around 72.5 we had a pullback toward 74 levels, now I can see that we have a short term sell opportunity, however the trend is moving up long term, the 76.xx level is a major resistance level and previously before February 2020 it was the support level of a downtrend, so keep an eye on this level which a...

Volume_FX

Hello guys, I used volume profile analysis to identify HVN's ( high volume nodes - purple color ), we observed strong support at the control point around 107.70, the next up-level could be around 108.70 where we have a strong HVN, and around 109.2. your comments are welcome.

Volume_FX

we might expect a drop of EUR/USD to 1.1192, I used volume profile analysis and the purple-colored area are high volume nodes ( support/resistance). your comments are welcome.

Volume_FX

We see a strong resistance on a daily chart of EUR/USD, I think the price will start to go down gradually from 1.14 level to around 1.098 (previous resistance and potential current support), the more the levels 1.14 and 1.098 get tested the more we could see a potential breakout up to 1.2. I opened a short position from 1.138.