The chart indicates that the CAD/CHF currency pair may be heading for a retracement starting around the 0.6610 level. This area is significant because it coincides with the 0.5 Fibonacci level where previously we saw a sharp price increase, suggesting it's a strong order block level. The trend from 0.6463 to 0.6720 shows strong bullish momentum. Both the Fibonacci...
Momentum continuation off of USD weakness. Should we start a community?
In my opinion, the type of coming and capping was an incentive for new buyers, and by creating liquidity and zeroing the momentum and divergence in the cap, I think it is reasonable to correct with risk and loss limit.
this is a trade where i real put 1% or max 2% risk, most of the time my risk is 0.25% and 0.5% is all about how big is the position
Recent news downtrend E.W. finished on m15 timeframe, but H4 and H1 timeframe don't have the structure. Therefore, another bearishtrend should form to complete the E.W. on the higher timeframes. Bullish E.W. on m15 will start forming. I used a repeated 0.40% zones for retracements, but probably will go directly to 300%. Note: Probably whales where...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength. The...
AUDJPY looking good for a short on the Ichimoku, price action also suggests a steep drop.
This is an idea not advice Technical looks like it's hitting a resistance, where it's creating stagnant side way areas and barely reaching above it. 4hr RSI has been flat as well, and possibly looking to divert With current weakness of the trend momentum in hourly time frame, it will likely need to retrace, gather demand to continue it's march. The FVG...
Price may fall to 152.9 as selling pressure got exerted in M15 timeframe.if price gets back to 153.304 I’d be looking out to short the market from that level.
Given the downtrend in NZD/USD, I am looking to initiate a short position targeting 0.59434. The ongoing bearish momentum indicates potential for further decline, presenting an opportune moment to capitalize on market sentiment and potentially yield profits. Dollar has been strong. That level has a high probability of being taken out.
I'm selling the euro against the Canadian dollar, and the recent increase in prices is just a temporary correction. My overall view is still bearish, so I'm targeting a sell price of 1.46047. I expect this target to be reached within the next four weeks, but it's important to be patient in trading. I'll keep you updated on any developments as needed. Pair might...
EURJPY has formed a double top pattern along with rising wedges, confirming a sell signal. Additionally, other JPY pairs have begun to decline, indicating that EURJPY is likely to follow suit. TP and SL levels have been identified. It is crucial to adhere to risk management principles at all times.
Hello traders, EUR/USD is slowly and gradually inching upwards. Last week our buy@1.0740 worked perfectly. At the moment, I am seeing a rather interesting development on the 4H chart. EUR/USD seems to have broken out of the descending trendline resistance level. However, note that there is no confirmation of the breakout yet However, if price does break out in...
Wow what a drop, i got knocked out before that drop, but now its a bearish move for sure lets see if we can ride this wave
This pair has been ranging in between 125.400 and the 128.200 since the year began. If price keeps reacting the way it has been at these levels we are likely to see price increase, especially after the recent liquidity sweep. Let me know your thoughts on this trading idea.
Hello,Friends! CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level. ✅LIKE AND COMMENT MY IDEAS✅
What's the reason behind this setup? Well i guess let's see what NASDAQ:EU will excite us on. DYOR!!!