The EURAUD pair had a very strong August 26 - October 14 rally and since then it has been on a short-term Channel Down (Lower Highs/ Lower Lows). This volatility/ consolidation has been a distinct characteristic of both previous tops (Lower Highs) within the long-term Bearish Megaphone pattern that in June 2020. A break below the 4H MA50 (blue trend-line) would...
Gold is currently trading at $1759, the highest level since August 18 amid US dollar sell-off. The next resistance level for XAUUSD to break is $1770. It would open the path to $1800 psychological mark. On the downside $1755 and $1745 would be the next target for the bears. A convincing break below would accelerate gold slide to $1730, the previous month's high....
After months of bearish order flow on the EURUSD daily timeframe, we finally have a shift in order flow. Since EURUSD is inversely related to it's benchmark asset that is $ index (DXY). DXY was in a monthly influx area. And we had a wyckoff on that monthly POI which got confirmed after closing below ar . Thus confirmed the transfer of buys to sells on DXY which...
Hy dear Members. Hope you all are enjoying our ideas and analysis even in this bad market satiuation. Now we are here to discuss about EURUSD. EURUSD is exactly Moving according our analysis. As we predicted few days ago. Now it has exactly hitted our main Target. Here it is getting a strong resistance. So it has Maximum chances we can see here a good drop in...
The GBPAUD pair has been trading within a long-term Channel Down pattern since the start of 2022 and most recently (October 17 and 28) it hit its top (Lower Highs trend-line). This has turned the short-term price action into a smaller Channel Down (red), which is loosely supported by the 1D MA200 (orange trend-line) and resembles the pattern of January 28 to...
Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse...
I will enter sell gold on this price 1765 and my target is 1755 1750 stop loss will be 1770 and if its hold above 1750 then we might see 1830 soon then
Hey Everyone, We had another PIPTASTIC finish today with us confidently taking buys from MA21 dynamic support on the retest with perfect safe exits. While traders have been dropping sells hoping for the retracement and getting stuck, our algo and blueprint confirmed the move up again. Although weekly chart has a target of 1788, as the final target for this chart,...
#EURUSD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You
Inflation is less high than expected in the US, which is why the dollar came under pressure as of yesterday. We continue to hold the Dollar in a long position. The following actions have been created: EURUSD o: the Dollar is now weak but this will have to change again. Against the EURUSD, the Dollar is stronger than the Euro. we have put in a new sell at...
Its looks like best entry to go short because it is now getting rejected from the resistance area so entry with proper risk management
Its the best entry for short because it is now following the HL & HH and now it is on the HH for short till the below HL enjoy......
XAUUSD SHORT @1766 STOP @1775 There is strong resistance range between 1765 - 1766 Target will be posted in update!! Follow foe more FOREX related update.
I could see a sell forming as price action seems like market makers want to run on this demand zone pushing down to the next level for a nice sell setup that should short for over 250pips from sell zone in markup resulting in over 2:1 risk to reward.
GBPUSD is about to head into this weekend on a 2-month high. GBPUSD is now testing the Mid-September high around 1.173, after building upon a series of higher lows and higher highs. We can see some good momentum in this pair in the upcoming week & can target LEVEL 1.1900 & 1.2100. Unless we make any corrections there is a high chance that the price will...
Based on technical factors there is a Short position in : 📊 GBPCHF 🔴 Short Now 1.12500 🧯 Stop loss 1.13382 🏹 Target 1 1.11741 🏹 Target 2 1.10487 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Based on technical factors there is a Short position in : 📊 CADJPY 🔴 Short Now 104.82 🧯 Stop loss 107.46 🏹 Target 1 103.40 🏹 Target 2 101.27 🏹 Target 3 98.75 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝