


WBEclipse
Rising Wedge, Breakout + retest, EMA crossover, really not a lot to say it speaks for itself ;)
Price action retested the supply zone grabbing all the liquidity and after that it has formed a big bearish pinbar on the 4h timeframe which is our main bearish signal. Sudden drop then we got a bearish flag pattern which also represent a breakout of a trendline + retest that we can use as confermation of the downtrend we got at least 3 confluences. 21 EMA below...
XAUUSD is now in a consolidation phase is not easy to see where could be the Bias. there are mainly 3 possible scenarios to happen . First it could brake 1885 and easily go to 1890 then 1900, second scenario is if it breaks below 1870 profit targets will be first 1865 then 1852 the 0.5 of fibonacci retracement or it could reach 1865 then get a reversal going to...
I have Bearish bias for EUR USD till 0.995 level. Chart pattern and Indicator are supporting this idea plus we have US Dollar that need to retest the 110 level. After it will reach that level my Bias will change to Bullish Expecting a reversal. Good trade everyone!
Gold has formed a big rising wedge started at 1680 Level. I think we gonna see soon a retest of that level before any continuation up or rally. On the other side we have the US dollar that need to retest the 110 level supporting this idea which is important cause they are inversely correlated. It has a positive correlation with EurUsd instead which is acting the...
Market is random till a certain point... until is manipulated. Using the Volume Indicator I noticed a spike of selling pressure on 16 March 2020. That red spike can be caused only by big institutions, we retail traders don't have the power neither the resources to do that. I suspect that sooner they going to close that position and we will notice then a buying...
Can someone explain why is there a spike of volume on 16 June 2022 and starting from that the price did go down. The same amount of Volume is now reencountered on 27 October 2022 exactly on the breakout above the channel. I suspect there is something going on in here. Maybe another start of a rally is going to happen sooner. let's get updated
Looks to me for the resistance of the channel to holding well. I don't see this pair going up anytime soon, we had a little fakeout but nothing to be surprised of. The RSI indicator now at 57.79 is crossing the RSI MA based to the down. I can think then there still room for bearish sentiment for this pair.
Personal point of view and idea, the price action touched the 0.786 of fibonacci and getting a reversal for short uptrend, main trend is still down will be for a few time. looking for confimation in the marked zone where I set a sell entry. Green long candle supporting my idea of bullish momentum, retest the support zone at 0.618. breaking that zone will make my...
As we can notice the price action has touched the resistance level for 3 times in the previous weeks trying to breakout. To notice also the retracement from the 0.382 level of fibonacci which is a healthy sign from the pair to continue trending up. we are now in a consolidation phase looks like that is collecting strenght to pump up, I'm expecting it will continue...
This post is dedicated only for swing traders, as we can see the EUR USD is still following the trend in the channel, the pair is still not giving any sign of clear direction, then is better to wait for now . I expect that it could reverse to the yellow area as we can see signs of weakness for sellers in the daily TF. At that point it will be possible to set a...
we can clearly see that the red candles were weakening, I was expecting then a reversal at that point, instead the price action tested the demand zone but failed to breakout. My bias now is that it will continue trending up, following the reversal of the fibonacci retracement testing the top once again and then probably getting a reversal forming the double...
I Changed my bias about UJ for the short term but overall I'm still for the long run. In daily TF the pair hasn't retest the previous Higher High, I'm now expecting it to going that level around 139.4 before going furhter up.
I'm bullish on UJ, is more likely to retest the ATH in 147-148 level and then get a reversal from that point