Whalay

Whalay

Due to the Red Sea tension, WTI is poised to increase in price as significant disruption is anticipated in the transportation of crude due to recent attacks on shipping in the Red Sea. NEXT TP: 79.35 STOP : 73:30 Long @ market Price or wait for retracement @ 75.00

Whalay

Divergent trading is when you compare the movement of a currency pair to the movement of a related indicator. We can see price is making new highs but our volume flow (Moving average) is making lower highs. Consider this a potential reduction in price to come.

Whalay

Multiple confluences looming the Dow Jones. Watch out for a decent opportunity to short.

Whalay Updated 

The Cable is still under immense pressure failing to make new a new high after Tuesday's breakout. With economic data still declining, amid high inflation, plummeting retail sales, and manufacturing index all dipping, we can expect further downfall of the Pound. A 4hr candle close above our immediate resistance at 1.3215 would indicate a buy but until then all...

Whalay

A critical resistance to watch around 100.70. The Index could take a U-Turn possibly to around $98 mark. Watch out for Dollar pairs to take advantage

Whalay Updated 

Price is tightening and failing to make new highs on the RSI meaning a negative divergence indicating a loss of momentum. Its also approaching a major resistance (2017 high) where the sellers are expected to come in full force. I'm looking to sell around the 118 area. This is for long-term traders hoping to tie up some coins. Like this, if you find it helpful

Whalay Updated 

The close of the current weekly candle will give us the final signal to buy, but right now, price has rejected the retest of the trendline and now aiming higher. Our first target will be around 0.7535 area and possibly higher.

Whalay

The YEN weakness is the main driver of its pairs, especially USDJPY. As many of us have been expecting a decline in price, we just might be very close to shorting JPY pairs. JPY pairs are mostly overbought across board so keep an eye on the YEN reversal for a short opportunity of YEN pairs. Good luck and stay liquid. x

Whalay

- A break of the one-hour upward channel - Key Level/Resistance at 153.40 - Test of 4 hour Bearish Channel

Whalay

Yesterday 27/07, the greenback (DXY) had a breakout of a major uptrend channel that fueled a bullish move on its counterparts(see previous post on Dixie). This week's forecast is centred on EURUSD whether a bullish momentum will see the pair rise to 1.1960, a point of reflection. In the meantime, I have a bullish bias on this pair with a stop at 1.1750

Whalay

Watchout for Reversal around these zones and sell at breakout of rising channel. Stop at 93.60

Whalay

Price has retested our key level at 1.3750. Is this a Make or break?

Whalay

The pair is overbought on many instances and it could be nearing an end of a bullish market. However, two major resistance to look stands at 152.10 & 153.54.

Whalay

Price is approaching our long-awaited key level at 1.375. A potential bullish setup for upward continuation

Whalay

Two Possibilities - Wait for a clear break of support to Short - Retest of support for further upside but UNLIKELY

Whalay

NZD approaching multiple-year resistance after enormous growth. Pair is already overbought on weekly timeframe and is beginning to show some signs of weakness. Short at resistance. Stop at a clear break outside resistance (but unlikely :))

Whalay

Price is increasing but Volume decreasing. This tells us that price is weakening and there's a non-corresponding loop between buyers and sellers, also indicating a likely change of direction at any moment. Enter at resistance. A clear break is a stop. Like if this helps

Whalay

When price is consolidating, it is best to wait for a direction before entry. As of now, price shows indecision and there are two possibilities. A clear break either way out of range defines entry. Like if this helps