Trading plan Price testing resistance level Bearish trend structure Trading setup on 4-hour timeframe Key Elements Bearish continuation pattern Lower highs and lower lows Resistance zone rejection Trade Setup Short at resistance Stop above recent swing high Target: Previous support levels Market Context Downtrend continuation Price rejection on...
GBPJPY Technical Analysis February 7, 2025 Short Setup Analysis Yen Strength Daily: Major support break 4H: Price retesting EMA 21 Higher timeframe trend: Bearish Technical Structure Break of major support level on daily trend line Retest of EMA 21 on 4-hour chart Bearish momentum confirmed Multiple timeframe alignment show of strength in other yen pairs Trade...
USDCAD Breakout Analysis February 4, 2025 Technical Setup: Breakout Trade Breakout confirmed after consolidation period Previous resistance becoming support Trade setup Clear break above consolidation range Strong momentum after breakout Higher highs forming after breakout Trade Opportunity Entry: Support zone after break out Stop Loss: Below breakout...
EURUSD Technical Analysis January 29, 2025 Bearish trend following Price testing 0.786 Fibonacci retracement level Trading below major moving averages Break of key support trend line Technical Confluence Strong resistance at Fibonacci 0.786 Moving averages acting as dynamic resistance Lower highs and lower lows confirming downtrend Trade Setup Entry: Short...
GBPCHF Breakout Analysis February 4, 2025 Technical Setup: short on resistance level Price in the consolidation period Bearish candle on resistance level Trade setup Range bound trading short on resistance bearish candle on the resistance area on 4h timeframe Trade Opportunity Entry: short on price on resistance level Stop Loss: above swing high resistance...
BTCUSD Technical Analysis February 4, 2025 Trade Setup: Short Position set up : price rejection with bearish candle on 0.382 fib Trading Range: Sideways consolidation pattern Timeframe: 4 H Technical Structure Price testing major resistance level at 100,223 or 0.382 fib Sideways trend indicating market indecision on since Range-bound price action on daily...
After ascending triangle break out and establishing a gap in the early Monday session I prefer to long on this pair with a stop loss below the gap and target price at 208.146 at the previous high on July 2024 could the main profit target
EURGBP Technical Analysis January 25, 2025 Bearish Trend Confirmation Price Action Indicators Lower lows and lower highs pattern Trendline acting as strong resistance Downward price momentum confirmed Key Technical Observations Descending trend channel Resistance level: 0.84327 area Price rejected at trendline resistance Trade Strategy Short entry near...
After failing to stay about the support level, nzdjpy has shown weakness by breaking the major support and starting to create lower low and lower high that indicate yen strength over the kiwi.
After being oversold for a few weeks without significant bounce, eurusd has finally retested the major support level since 2023 at 1.04907 area. Divergence also occurs on the RSI indicator, indicating that bearish pressure has been diminished and that the price has reached the breaking point to reverse the trend. Based on the seasonal data, November to December...
Short USDJPY on 5 waves down, and the price shows bearish rejection on 0.5 fib level that could determine the bearish momentum on usdjpy. SL:152.137 TP 1:146.727 TP2:140.502
USDCHF Technical Analysis Price is hitting major resistance trend line from 2023 Dollar Index is overbought and It's expected for correction USDCHF has been in a clear downtrend Technical Points Strong resistance at current level Downtrend still intact Swiss Franc showing strength Trade Setup Entry: Current market price Stop: Above recent high Target:...
Sell set up USDCAD on a multi-year consolidation period with price rejection on major resistance at 1.39383. Risk rewards also seem favourable for a sell set up with SL being placed above the swing high at 1.40023 and the maximum profit target at previous major support at 1.33334 area.
After consolidating for almost a month, copper finally broke out of its consolidation period, and the price closed above its moving averages, indicating that buyers have gained upward momentum to continue its uptrend. Seasonally, November and December are bullish for copper due to its demand worldwide during the winter period.
Silver is expected to continue the bullish trend after breaking out of the bull flag pattern which is often interpreted as a trend continuation.
Accumulate a long position on EURUSD on major trendline support with bullish divergence in 4 hours. I enter the position with a small size first because the trend is still bearish. I expect some reversal in November through early December because seasonality is bullish for the euro.
After several days of oversold conditions, silver has finally cooled down. I anticipate a price retracement to 32.925 or 32.520, coinciding with the 0.618 for 0.50 fib level for the value of price.
Despite geopolitical issues worldwide, such as the Ukraine war, Gaza, and BRICS, crude oil is still in a consolidation period; the price has bounced from the lower trendline support and is expected to retest the prior trendline resistance at 76.799.