Hello Traders
Breakout has recently occurred to the upside. . Arrows show my prediction to price action movement in the future with help of Fibonacci levels and important areas of demand and supply.
Hello traders,
I believe we could see a breakout to the downside for this pair. As mentioned on chart arrows predict future price action movement of this pair.
Please leave your comment as I would like to know what your prediction on this pair is.
Potential Head and Shoulders pattern on the Daily chart. Overall downtrend and whatever way you look at it, we are in a bearish flag / H&S pattern phase on this pair and one to watch out for in the future and for now it is Long.
*EDIT: If price hits right shoulder, it can also barely touch the 200 day E.M.A and move down to go down for triple bottom.
Hello Traders
On this pair we have a nice and clean analysis on the daily chart. Reversal candle is also printed on weekly chart and stochastic RSI, a technical indicator I sometimes like to use to find more confluence on a pair also suggest a long move when used on Daily chart.
*For good entries on this pair look at lower time frame charts where risk is...
Daily price action has reached 50% retracement level after the head and shoulder move. I believe we could see a down move maybe to reach a double bottom at least.
Hello Traders, As you can see on the daily chart we could see a potential double bottom. However before a double bottom occurs we could see a pullback in price action before reaching a double bottom I believe this would not be an advisable trade to take as of now or next week, however I will be looking closely at the pair to check where price action is going.
*...
Looking at the daily chart you can see the importance of the light blue line. It is a very important line that all day traders are looking at and right now you can see it is beautifully set up to go downwards maybe testing the 200 day E.M.A or 200 S.M.A whichever one you prefer as a potential take profit. In terms of potentially taking this trade ( which I will)...
With Analysts predicting a fall into Japan's GDP on Wednesday which would weaken the Yen would bring the price up.
On the 1 hour chart we having a rising support line ( higher lows created ) and the RSI indicator on the 1 hour points to an oversell of CHFJPY and now would need to go up.
The reward risk is massive on this pair and this trade could go wrong but as...
Keep a very close eye on this pair. You can see the price is hovering around a support line that was created around September 2019.
As of this time you can see by the last six candles that buyers are struggling to keep the price up and sellers are ready to break the support line.
The ideal situation would be to see a breakout then a retest occuring where I would...
