Conducting a thorough examination on the H16-timeframe graph, the following points could be observed: - The price action is looking wonderful - The sentiment of the market is bearish - The chances of getting further downside moves upon a pullback are high And hence, we are interested in catching entries and riding the potentially upcoming bearish wave. As it...
New week, new outlook on EUR/USD. Without further ado, let's line up the technicals with the fundamentals and see what kind of picture is being painted. Looking at the Weekly timeframe graph, it can be clearly observed that a not-very-symmetric ascending channel that confirms the overall bullish sentiment of the market has been formed. At the moment, the price...
As it can be inferred from the WEEKLY-timeframe graph, the price is ranging within the boundaries of the descending channel that has been highlighted on the chart. Observing the ongoing price development, it can be noted that the price is approaching a crucial zone where three key confluences collaborate: upper barrier of the descending parallel channel,...
As the price is sitting at the lower barrier region of the descending parallel channel that is portrayed on the graph, we are expecting for some correctional moves to kick in and drive the price towards the highlighted region of previous support now acting as resistance that nicely aligns with the 61.8% Fibonacci retracement level.
As it can be observed from the Daily-timeframe graph, the price has reached the upper barrier of the ascending channel that has been neatly highlighted. Since we have been able to witness the price reverse from this zone twice, we are positive about the fact that another bearish reversal - even a short-term one - is possible to expect. Hence, we will observe the...
As the price is approaching an important level of support that is highlighted on the graph, we are looking into making potential executions upon getting needed confirmations and aiming towards capturing a neat 1:3 risk-reward entry with the target set at a previous level of support that is now acting as a resistance that aligns with the 50% Fibonacci retracement...
At the moment, it can be inferred that the price is trading within the borders of the sideways-moving range that is plotted on the graph. Due to choppiness and indecisiveness, it is unknown what the next rally is gonna look like. However, if we get a clear breakout of one of the boundaries, a potential trade entry could be made upon witnessing a re-test....
Looking at the DAILY-timeframe graph, we might observe that the price has yet again bounced off the ascending trend-line that is portrayed on the graph (impulse that started on 15/06). At the moment, we are sitting at a crucial area of resistance and some sort of a "Top Reversal" pattern can be identified. As our bias remains bullish, we are looking into...
As Investroy, a company dedicated to financial education, we are thrilled to celebrate our remarkable milestone of 1000 publications on TradingView. This achievement symbolizes our ongoing journey of learning and growth in the world of trading. Throughout these years, we have accumulated invaluable insights into the psychological aspects of trading, the importance...
Zooming out and taking a look at the Daily-timeframe chart, it can be inferred that the price is trading within the barriers of the ascending channel that is portrayed on the graph. After bouncing off the lower boundary of the parallel channel since the initial analysis (the link of which will be attached to the chart) was posted, "impulse+correction" patterns...
Ladies and gentlemen, this is your captain speaking. Welcome aboard the Investroy flight. We are currently approaching a crucial support level of 102 on the DXY, which may bring about a change in the prevailing market conditions. This shift is expected to occur following the liquidity increase post July 4th. Now, let's talk about the recent performance of the...
Welcome to the intriguing world of Forex, where currencies act at their own rhythm, sometimes defying expectations and confounding even the most experienced traders. In this article, we are going to unravel the “mysteries” surrounding the reactions of USDCHF and EURGBP to recent interest rate hikes. We will dive into the realms of market anticipation, monetary...
With the sentiment being bearish, our focus is dedicated towards entering short positions. Moreover, now that the price has reached and rejected the crucial area of resistance highlighted on the graph, we are looking into executing SELL entries and riding the potentially upcoming bearish wave with our target at the level of support portrayed on the chart. It is...
The Trojan Horse was a wooden horse used by the Greek army to enter the city of Troy and win the war. Although the inhabitants of the town had initially perceived the horse as a victory trophy, Greek fighters emerged from inside of it and destroyed the city. "Yeah, that's a nice story. But how the heck is it related to trading?" Let us clarify. Trading is...
As it can be inferred from the H16-timeframe graph, the price has been able to break out of the ascending channel portrayed on the chart and re-test the lower boundary of it before printing an impulsive bearish leg. Afterwards, the 50% Fibonacci retracement level of the formed bearish leg got rejected, giving us extra confirmations on the bearish bias. Judging...
Our previous Bitcoin idea was met with.. let’s say some minor "backlash" from enthusiasts who hold all of their assets in BTC without diversification and thus refusing to understand the cyclic nature of all the processes in the universe. Well, ever since that post, we: 1) Successfully identified the start point of the current bearish rally 2) Are more than 12% in...
As it can be derived from the high-timeframe chart of 16H, after penetrating through the lower barrier of the ascending channel illustrated on the graph, the price is now headed towards the highlighted region of resistance that lines up with the 61.8% Fibonacci retracement level identified from the recent impulsive leg. As our sentiment remains bearish, our...
As it can be inferred from the Daily-timeframe graph on EUR/USD, an ascending parallel channel has been formed and the price has recently been able to form a bottom reversal pattern on the lower barrier of it. From the looks of it, the price is getting ready to soar towards the upside, and hence, our sentiment for this pair is bullish. By entering long-term...