According to the current structure of the chart, it is possible for the price to break 1765$ !
The USD index seems to start a correction. As shown in the attached image, the price is at the ceiling of the ascending channel in the monthly time frame. Currently, we are following chart to check the next possibilities.
- weekly BOS has been broken - price has returned to fibo level 38.2 - I found a node in 4h timeframe - I'll open a long position at 1.1188 , stop loss is 1.1138 and targets are 1.1395, 1.1595 and 1.2038 !
- BOS in daily and 4h timeframe - price has returned to fibo level 38.2 - clear node in 15m - i expect the price break 1814.30 (almost equal to fibo level 50 of current descending trend)
If we analyze based on 4h timeframe, the entry point will be 1.6952. Target is 1.7334 and stop loss will be approximately 40 pips.
- price has created a weekly pivot - now the price has returned to ftc level that equal to fibo level 38.2 - bos in 4h timeframe - have a node in double trigger timeframe (15m)
- price engulfed from below in h4 timeframe (4H BOS) - price has returned to fibo 38.2 of the last 4h descending trend - i found a node in 15m - i expect the price create a lower low! - risk to reward = 4 and 8.5
After breaking the daily static level, we had a pullback in 4h. The size of this return is equal to the daily ATR. As a result, we are looking for a node in the middle of this range. In my opinion, the node in question is in 15m timeframe, ie the range of 1.3655 to 1.3662
After engulfing the last low price in 1h timeframe, I expect a return to 1823.60 and then a drop to 1809
its a good opportunity to sell on USDCHF. entry 0.9232 sl 0.9246 tp 0.9160, 0.9091, 0.89440, 0.8797 !!!
This is another long opportunity for EURNZD! There is a bullish trendline and a node in 1h in 78.6% of the main block and we can enter in this range once. entry 1.66160 sl 1.65770 tp 1.66850, 1.67380, 1.6885
There is a MB zone in 1H timeframe. I switched to 5M timeframe and select a demand candlestick. I'll open a long position in this zone
After the daily level engulfed, I was expecting a correction and now I am trading in the M5 trading node which is equal to the 38.2 Fibo level. my stop loss is 0.7080 and target is 0.7275. R/R = 7
There is a 4h BOS, in the 38.2 Fibonacci level we have a trading node in 15m timeframe that the price can return from this. stop loss is 1.1253 and take profit are 1.1340, 1.1417 and 1.1484
There are two long opportunities for gold: entry 1828.30 sl 1825.80 tp 1846.3 R/R ~ 7 AND entry 1824.20 sl 1821.20 tp 1855.20 R/R ~ 10
- bos from below in daily timeframe - return to 50.0 or 38.2 fibo level of the last daily ascending trend - find a node in 1h - risk to reward = 2.5 and 5
After the monthly pivot is formed, we look for the FTC area in the daily time frame. To improve the area, we used double trigger (1h time frame). the area 92.03 - 92.21 seems to be suitable for trade!
There is a bullish trendline and a node in 15m in 61.8% of the main block and we can enter in this range once. entry 1.66450 sl 1.66150 tp 1.67150, 1.67760, 1.69230 i will post another analysis for eurnzd soon