BTC/USD price has seen some Bears recently. However price is inside of Ascending Channel trying to break through the Support line of this channel. This could be a nice trading opportunity if price either bounces of the support or we could see nice breakout that would put value of Bitcoin even lower. We think Support is going to hold as we can see those big...
Hi Traders, hope you are enjoying your weekend's. We had a very good trading results this week and it is time now to see what opportunities market holds for us for next week. Let's start with USD/JPY. Last week we had a trading idea that turned out with profits, hope you saw that and made some pips :) We can see that price has bounced of the Resistance line of...
Let's take a look at EUR/GBP on 4H chart. Price has demolished Resistance line with big forceful 4H candle and is ready for breakout. Lets wait for price to come back to test now Support line and then we could entry for Long. Or we could enter now for Long and place our Stop Loss right below Support line. Up to you, we will wait as we like to play it safe. What...
There is possibility of AUD/JPY going down in near future as price faces big hurdle of horizontal resistance. We can see price is going nowhere in last couple of candles. However it is too early to enter trade just right now. We like to play it safe and we will wait a clear signs that price has been rejected from Resistance. We will update this idea if it is...
Good morning Traders, hope you all are ready for exciting week of trading, we certainly are :) Let's take a look at EUR/AUD 4H chart. Price currently is at very strong horizontal support line that has not been broken for some time now. However we should wait for clear signs that price has been rejected by support and is heading to opposite direction. We will...
Let's take a look at GBP/JPY on 4H chart. We can see that price has 'lived' in this channel for a quite some time. Of course except the time Bulls thought they have enough strength to give them self a breakout, however Bears took over control and brought price back in to descending channel. After that price went down to test Support and now we can see that price...
This triangle is signaling us that there is indecision between Buyers and Sellers. They can deicide where the price will go. Right now and maybe even in next couple of days we will see this ranging to continue. However sooner or later we predict that either Bulls or Bears will take advantage of one another. This could be a nice trading opportunity for next...
Hi there Traders, hope you all have a profitable trading Tuesday. Let's take a look at possible breakout from Descending Triangle. Right now we don't know where the price is going to go. With Descending Triangles most of the time price is going to break the Support line, however there have been many cases where the Support is too strong (or Bears are too week )...
We managed to grab some really big pips with this pair last Friday and hopefully price will continue to go where we think it will go. Right now we are waiting for price to clear Bullish Rectangle to re-enter our long positions until that the best thing to do is wait as this pair have very big volatility.
Today we could see completing of Head & Shoulders pattern completing for GBP/USD. Overall picture for GBP/USD does not change, price is going down as we have nice downtrend in Daily and Weekly time frames.
We could se continuation for Bearish movement till Horizontal Support line as price is forming Descending Triangle. Keep your Stop Loss close as CAD could be affected by Economical events today. Good Luck !
We have a chance to see Head & Shoulders pattern completing if the price will drop down of possible Right Shoulder. We have opened pending SELL orders right a the top. Let us know what you think about this pattern.
As we can see price has bounced from Ascending Channels Support line and now is looking for Bullish movement towards resistance line.
Descending Channel is forming for EUR/JPY. As we can see the price has nicely bounced off the resistance line and now is heading down to form a Descending Channel. Will the Bears have the power to move price down ? We have put our Stop Loss right above the resistance line. Good Luck !
NZD/JPY Price has been broken through the support line of ascending channel this could be great opportunity to open short positions. However there also could be a chance of bullish movement, because in 4H chart price is forming end of Ascending Triangle. Keep your Stop Loss close if you decide to go short.
CAD/CHF Price has been broken through the support line of ascending channel. We expect price to go back to support line which then will become resistance. After the price has reached now resistance line price will be going down. This could be great trade opportunity for next week. We are opening short positions putting our SL tight, right over the resistance line.
There is a possibility of bullish movement if the CADJPY price would bounce of the support line that has already been tested 3 times in recent past. Entry - 76.11 TP1 - 76.90 TP2 - 77.90 SL - 75.264
More strength possible for EUR/GBP first target 0,8863.