Really like the idea of shorts on this pair for a number of reasons, well 2 mostly! Firstly we're back up at the top of a descending channel and this pair has been falling for a long long time. And more perhaps more importantly is that the consecutive bullish candle count has never been this high since 1993 - it doesn't happen often and when it does it falls over....
This idea is based on my higher time frame bias that I have marked out from a while back, as we are steadily approaching a key level on the HTF. I'm going to be expecting EU to melt back down towards 1.07500 or lower to fill in major imbalances that have been left from before. In addition to this, we are entering the 0.78 region of the fib range which is a more...
Hi traders, my view is always long term. So keep in mind this is a 3month chart.
Whats intresting to look at is the 3month chart with the 21MA,
If we look at the avrage if it breaks, its usally a bloodbath.
I am watching this level closely and if price breaks below the oods of a big % drops increase.
The current drop of 20% is nothing and is a normal correction...
Hello Traders,
Hope you all are doing good!!
I expect DXY to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out...
Hello Traders,
Hope you all are doing good!!
I expect EURGBP to go Down after finishing the current wave.
Look for your SELL setups around 0.88500 level.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea...
This cup and handle pattern is working like a charm since 2021 :D whoever shorted the top has made an insane amount of PIPs! EUR ponzi looks like it wants to go test 2001 levels.
This was my idea yesterday, I forgot to publish. Obvious H&S breaking the uptrend channel
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see...
Euro is very weak to start with and I look forward to seeing it continue weakening.
The bearish OB has been retested today and respected after the price went up to sell at a premium.
The price will drop to fill the Liquidity Void below.
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Hello, everyone!
AUD/USD has shown big bearish movements last week. It was due to FED meeting results and dropping under resistance cluster.
So, now we see a clear H&S figure which could lead to longterm drop, considering a clear divergency between FED and RBA policy, where FED is considering several rate hikes in 2022, while RBA is not considering any rate hikes...
Hello all,
This November was miraculous for us crypto traders. The price has set the new ATH of 69k USD.
However, is everything so clear and beautiful as it seems to be? There are several signs indicating that
"crypto winter" is on the way. Let's list them as follows:
1. On weekly and monthly charts the price is forming a very obvious regular bearish...
Hello all,
Right now the price is breaking out of the long term rising wedge and
most importantly out of the structural level (75-80 USD). First of all,
we need to wait until the 1D bearish candle closes below that stuctu-
ral level. After that the retracement is very likely, which will give a
chance for a successful entry. The entry should be at the structural...
GbpJpy forming a potential falling wadge on H4 time frame, allowing the pair to have a potential fall to the price level 149.887 to complete the down trend (Daily time frame). If price rejects the 141.464 level we might experience a short term upside move before the fall to complete it's move.
in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more,
we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel
we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021
and the...
Evening all,
A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some...
Visible, strong trend channel just about to hit the resistant zone of which expected to bounce towards the support zone, expected to sell long term. M formation.
