A monthly analysis of the silver chart is showing a major structure struggle. A lot of consolidation going on. However we have a higher timeframe head and shoulders pattern that has formed. The $25 $26 zone is the neck line here. We need a breakout on the weekly for the next exponential move up. Keeping in mind we have a multi year wedge patter within the same...
Traders we have a possibility of a long setup. Previous we have hit support. We have now broken and closed out of the down trend. I will be monitoring price action and place the trade accordingly.
Hi Traders. We have a breakout on this pair. If we can hold below I'll be going short.
Hi traders, if we get a breakout here, It'll be a good opportunity to go long. However it needs to have clear bullish momentum behind the breakout. I suspect it will sick fill the larger bearish candle.
Hi traders, As of this moment I'm starting to see bearish behaviour. We are below 200ma on the daily and we have hit 50% Fib. Only problem is we are at a key Support level. If we break below that it will be a water fall.
Hi traders, I'm looking at a breakout here on the 4H chart, So far, a bearish engulfing candle. It would be nice to see a break and hold below for a retracment.
Hi traders. After hitting a major resistance zone this pair is currently breaking below support. If the 4H can hold below we have the possibility of riding it to the next support zone. I will repeat that the 4H candle must break and hold below support.
Hi traders. On this pair we have the 12H candle that has broken above major resistance. We will pay close attention as it could be a fake out. We will also continue to watch over the next 4 hours more signs of bullish momentum. We have great RR on this setup.
Hi traders. On this pair we are currently seeing a breakout. If the breakout holds we are able to take a position going long. USD Is showing signs of strength across most currencies.
Hi traders. We have a potential short opportunity coming up. 1h has broken below structure. It would be better to wait for a 4h break below. Target is 1920.
Hi traders A long setup on this pair seems to be a high probability.
Hey traders, there's a possible short opportunity approaching. Details on the chart. Must wait for lower timeframes to confirm. However it's a high probability. Adjust SL accordingly.
Hello traders. A possible short setup for tomorrow. This pair is looking likely to continue its downtrend. We are now below the 50% RSI and we have just encountered an impulsive move down with a retracment back to the 61.8 (The strongest level in my opinion) we still need confirmation, however this is looking like a good opportunity. I will keep you posted 📬
Hi traders, just an update on the previous post on this pair. The short position is playing out as expected. I thought I would update you on the larger timeframe picture. We have a large H&S pattern happening on the weekly timeframe as well, currently we are forming the right shoulder. If we look out even further on the 3 month timeframe we also have a bearish...
Hello traders. Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to...
Hi traders. I hope we have all had a good week 💸 The USD has gained strength amongst its peers. At this point in time a head and shoulders pattern has formed. All we will need for this setup is a break below neckline for confirmation of taking this pair short.
Direction: Short Reasons supporting trade: GBP is bearish across the board/ This pair has broken intermediate and a primary trend/ This pair has formed and broken H&S pattern/ A strong bearish engulfing candle breaking structure. Reasons opposing trade: Daily candle has not yet closed/ Lower timeframes need conformation. Target: 1.40023
A potential short setup for this pair with good RR. A clear break of the intermediate trend, this will take a few more hours to play out. Need to see a double top or this setup is void.