Possible bearish scenario! Price is consolidating after last bullish push that launched price over 1000pips up! looking for candles to find a good entry near 0.236 fib ! Or price could start a next impulse up so we need to keep an eye here for the breakout above 1.4430 wait for re-test and go for buy! What do you think?? Let me know in the comments!!
Nice price action signal at immediate support. Buying with a target of approx. 100 pips.
Going for another short here! Remember that markets are experiencing high volatility right now because of fundamentals! Use proper risk management!!
Looking for a continuation down here! This pair has been moving up since oct '19 and found resistance at 114.20 making a double top pattern! Right now price is on 111.80 support zone and we will be looking for price action to confirm that will continue to drop, that would confirm a possible new down-trend! On the other hand if price fails to break this level, we...
Current situation We have a few confluence factors for a move to the downside. Right now this pair is in a very interesting situation. We can see an inverted head and shoulders formation (It is also called a "W" formation). After this formation, it is normal to see a push to the downside especially when we are at a structural level. COT reports On AUD we can...
Bad reports from USD data on Jos opening plus this nice setup on USDCHF reminding me of USDCAD actually! We have a stong resistance zone here! 25pips SL, lets go!! What do you think?? Would love to hear an opinion!! Leave a comment or join me on telegam! t.me/tradingbayfx
We have been shorting this one since breakout, and i would like to see some pullback or retracement from this last drop before entering again! Around 0.8540/0.8550 would be great!! Could go to 61.8 fib also! Right now we wait! What do you think?? Still have room for one more short?? Or this one is a buy now? Leave a comment!!
Marked in orange lines a possible trend formation if price can actually break the major down-trend again. Right now, a more realistic scenario is that we found our ground after this rally and we may see a good retracement for at least 50pips before a move lower! Use proper risk management on this one because its against the trend!! Tight SL as usual and lets...
One more short opportunity here! Clean setup, this new down-trend is confirmed with this last touch! Entering here for maybe 100pips! SL could be tight but i'm keeping this one higher so i dont get spiked out! Risk management on it and lets go! What do you think?? Leave a comment!! Also, join me on telegram t.me/tradingbayfx
So this is what we have right now on UJ! This major down-trend in my previous analysis was below that last high making it look like a fake breakout! Some times a like to clean my chart and re-make all the analysis from zero It fits perfectly like this! Looking at it right now, we see these possibles up-trend channels marked with the dashed lines but none of them...
Resistance tested Resistance area tested again and therefore I am waiting for a push to the downside. We can also spot bearish divergence. I will be shorting this pair when I get a clear confirmation. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading...
Resistance -> Support We can clearly see a support level that went from resistance to support. After this, we will see a retest of this support (which is happening now) and a push to the upside were the currency pair will close a gap in the market. 50 MA crossover with 200 MA In 1-2 days we will see the 50 MA crossing with the 200 MA (Golden cross). This is...
This is my thoughts for this pair right now! Lets see how the week starts! We already took one short before this last fall, I will look an opportunity to re-enter here as i believe price may reach 118.50 ! I'm hoping to see some pullback before breaking 120.00 support level! For now we wait! Leave your opinion in the comments!! Or join me on telegram!! t.me/tradingbayfx
Confluence We can clearly see a well-known head and shoulders formation. EUR pushed the price up to a structure level and will probably push it back to the neckline which is my target. COT reports We can also see at the reports that the hedge funds are opening up for more short positions. We have seen an increase of 16799. DISCLAIMER! I am not giving...
Clear formation, in for a sell here ! Looking for continuation! Any opnions on this one?? What do you think??
So, price looks good for selling and re-entering its old down-trend! Right now testing a support/resistance zone! In for a sell!! What do you think??
Going here for one more short! Nice break of pattern followed by re-test, matching with 61.8% fib! Care to comment? What you think?? Join me on telegram!! Lets chat! t.me/tradingbayfx
Another fake breakout as i see it! Price right now re-testing the supportive trend line and matches perfectly with support/resistance zone! This could give 100pips easy! What do you think? Leave a comment!