Hello traders! Lets talk about USDCAD . Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present. Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price. When the price moved lower, it formed a bearish flag and I...
HELLO TRADERS! As I posted before, USDJPY reached a mass psychology (135.179 area). We also saw that this pair formed a double top (Reversal) at 136.500 area then a clear 1H bearish flag was formed and it was the first short entry. When the price reached the first lower TL, we saw a formation of the second bearish flag on the 15 mins chart, and that was our...
USDJPY Looking amazing! The price reached a mass psychology at 135.179 area. Since the price approached this area we saw an ascending channel / correction signaling a downside gravity. If the price move higher, we will be waiting for the 147.728 area (Highest mass psychology) and execute the short from there. WHAT IS THE CURRENT PLAN? Will be waiting for...
CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do not rush your trade. Be relaxed since the price is in a great area. #THEPRIMES Simplicity is key.
Hello Traders! USDJPY looking amazing! Currently, the price reached a mass psychology since January 2002 at 135.117 I will be focusing on my short position in this area + waiting for a reversal pattern to execute. (The reversal pattern could be a rising wedge or ascending channel). Always wait for the breakout of the pattern to enter the trade. #Theprimes...
What's the next move on GBPCHF ? On the monthly & weekly chart, the gravity is to the upside + the price is heading towards a great area (mass psychology) for a long position. On the 4H X 1H chart, the price might be forming a descending channel / falling wedge heading towards the intersection between the lower TL and the rejection line (mass psychology) at...
What's the NEXT MOVE on GBPNZD ? As you can see on the monthly or weekly chart, since October 2016, there is an ascending channel showing us some downside gravity on this pair. On the daily chart, from Feb 15 2022 till present, the price might be forming a bearish flag signaling more downside movement. Now inside the bearish flag / ascending channel on the...