savvyacademy

savvyacademy

Simple illustration of Support and Resistance line and Trend line on XAUUSD. Previous weekly bar bounces off S/R and trend line suggesting bullish rally for the coming weeks.

savvyacademy

Monthly chart for DXY hints a possible distribution zone formation. As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now. Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision. Near-term support and resistance...

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On monthly chart XAUUSD recent price level rose up about 2 of the markup started in 2018. Volume on Oct 2024 is the highest and similar with Apr 2022. On weekly chart, the last bar appears to be a bearish since it has a long wick and closed near open. 2790 and 2640 are likely the current resistance and support levels. From daily chart The recent bearish...

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We have a good rally for gold and a recent impulse bearish move. On the 4 hourly chart, it seems a confluence of OB and FVG to suggest a bullish setup has been formed and a potential buy side liquidity is near the FVG at the top. Here we are biased that the underlying bullish trend is to continue and that the impulse bearish move is an opportunity for bullish re-entries.

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XAUUSD on daily chart seems to be in a trading range. On 4 hourly chart, a recent upthrust seem to have ended with a selling climax. Interpreting the current price action with Wyckoff schematic, there are last point of supply and last point of support and secondary tests. A double bottom seems to have formed. The possible buy setup could be near the recent 4 hour...

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Based on USDJPY 4 hour chart an ascending triangle and measured move is completed a recent bull bar and possible measured move is in place Looking to short near 161.50 for TP 160.0

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1st July has a breakout of UT, confirming a BOS, and attempt for top trend channel. 2nd July has EQH, signals a buy-side liquidity. 3rd July a BOS with UTAD confirms a short signal, with the next bar heading towards sell-side liquidity and attempts to break down to the bottom of trend channel! 4th July a confirmation of bottom trend channel break, leaving trails...

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On 4 hour chart, GBPUSD has shown weakness with LL and LH. However, last week seems to form a falling wedge with a sign of strength. Looking for EP: 1.2620, TP: 1.27, SL: 1.2610

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AUDJPY Daily chart shows an unmitigated FVG near 105, which will be a test of the breakout from the ascending triangle. Should the test be successful, then it may be hitting TP: 110

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Based on daily chart, the bullish sentiment persist. TP1: 98.50

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From weekly bullish engulfing pattern, and daily break of bearish trend channel and 4-hourly break of structure, USDJPY seems to be bullish. Entry Price: 142.85 to buy low Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity Target Profit: 146.00 Reward-to-Risk: 2.33

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Based on USDJPY daily chart, the recent Change of Character, ChoCh, followed with a bearish harami pattern and coupled with a bullish Trendline break. A Fair Value Gap, FVG, found near 61.8% of the current pull back, which suggest a possible drop from current price to FVG and possibly a rise to 150. Entry Price: 142.80 Stop Loss: 141.80 Take Profit: 150.25 Reward...

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4H chart Price near resistance and 61.8% retracement Break of daily uptrend channel EP: 1.2750 TP: 1.2600 SL: 1.2820 RR: 2.15

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Daily Chart of GBPUSD remains on bullish trend channel It is within a trading range where strong support is seen at 1.2614. The support is also near 61.8% retracement. Entry Price: On Market Target Price: 1.3030 Stop Loss: 1.26 Reward to Risk:2.68

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Below are the observations to support a bullish view of GBPCHF. The weekly view showed a bounce off Multi-year low. And the daily showed a break out of the recent bear trend channel And 4 hourly view seems to have an ascending triangle Entry Price: 1.0770 Take Profit: 1.09 (measured move) Stop Loss: 1.0725 Reward-to-Risk: 2.89

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On 15 min or 1 hour chart, support line and bounced off as resistance, ie: axis line. EP:182.90 TP: 181.76 SL: 183.82 RR: 1.24

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On 4 hourly chart, with 61.8% retracement and a break of structure to signal bullishness.

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Based on 4H chart, downtrend line was broken. Price is within a trading range with recent support at 50% retracement Entry Price: 0.8450. Expecting stop-hunt and buy of sell-side liquidity Target Profit: 0.8725 Stop Loss: 0.8400 or below 0.8375 depends on risk appetite RR: 5.5