Price has broken the trendline which is which signifies change of trend and I could also see a CHoCH which also signifies a change in market direction. I will wait for price to break and close below the key zone before i look for sell entry. Another thing that could possibly happen is that price will reverse from the keyzone and continue the uptrend. For now,...
I expect a continuation downward move after a break of this trend and support
The current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further...
Price has broken out of the trendline and also closed above the key zone. I anticipate a continuous uptrend except market condition changed. What's your thought on this
I missed the first entry when price broke out of the 1hr trendline, now that price has broken the 4hrs trendline, my bias still remain bearish till price reaches the major support.
In light of recent developments, AUDUSD has successfully broken free from the sideways trend it has maintained since February, following a decisive breach of a prominent support level. This breakthrough strongly indicates the persistence of the bearish trend that commenced last year. Given these circumstances, I hold the expectation of an ongoing downward...
The current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further...
DXY broke out of of the descending trendline. Where do you think it's heading to next? Share your thoughts below
D: Price in a bearish channel 4hr: Price formed double top, broke neckline and trendline 30min: Price is in a bearish flag I am expecting a sell
We can clearly see that AUDUSD has been ranging since February 2023. I have traded within this range successfully. A breakout of this range would be significant regardless of the direction it breaks to. What's your thought on this?
Last week, i projected that price would be rejected as it approached the resistance and it did exactly that Now i can clearly see that price is approaching the trendline support and i will wait for price to either break the trendline of reverse back before i take a trade What's your bias?
The EURUSD currency pair is currently testing a support level formed by a trendline on the Daily Time Frame (TF). As a result, I am adopting a neutral stance on this trade until a clear direction emerges in the market. There are two potential scenarios to consider: Firstly, there is a possibility that the market will break below the trendline, indicating a...
AUDUSD has been ranging for a long time within this support and resistance. I price rejection at this level and i will look for a sell entry, meanwhile there is possibility for price to break the resistance and continue the reversal to the uptrend. I will wait for retest and of the key zone and i will look for buy entry.
GBPUSD is at a major resistance level. I am expecting a rejection from this level. Waiting for strong bearish engulfing candle, then i will look for a sell opportunity. However, if price breaks above the resistance zone and closes above it, i will be looking for a buy entry. What is your bias on this? kindly drop your comments below
Date: 03/04/2023 On Daily TF, EURAUD is bearish, after hitting the major resistance, price dropped with a bearish engulfing candle. 4hr is also bearish, if price closes below this level, i will be looking for a short entry. But if price closes above the level, i will be looking for a buy trade What do you think about this trade
GBPUS is approaching a major resistance level of 1.24197 that has been touched twice in the past. I expect a rejection at the resistance level which will push the price back into the channel. But if the momentum is high and price breaks through the resistance, there is likelihood for a new uptrend to begin What's your thought? Like and comment below
AUDNZD price has been ranging between this support and resistance level, if price gets to the support there is probability for a reversal back to the resistance, I will look for buy a entry if i see a pull back from the support zone with some confluence signal. If price breaks below the support, i will be looking for sell entry to my target levels below What's...