The market is moving about the 200 MA, so we're looking for buy opportunities.
Propably the market will bounce at the resistance (1.26600) where it is now.
We recommend to buy at the resistance with a risk-to-reward ratio of 1 to 4:
Thanks and good luck!
As with earlier post, the price seemed to may it's way higher without pulling back into my Buy Zone.
But there's no change in the behavior of the Price Action. That keeps my bias stronger to the Upside.
Also, the recent Rally is coming after a couple of days of Consolidation which will probably lead to a healthy rally further after the Pullback.
We have seen the price decline on the pair for over a week. Although the price has tested the Swing Lows on Daily Time Frame and failed to continue below, the Shorter Time Frame.
Going down to 1 Hour, we see that the price has bounced back after testing the Higher Time Frame Support Levels. For majority, this might feel like there is a change in trend, I see...
EMINI SP has been trending higher session after session. The Trend looks completely healthy and there seems to be nothing that is contraindicating the current Major Bias.
Hence, with the established Structure in context, a major buying opportunity is at the Marked Zone. The price is very likely to fall back in the direction of the trend at the zone.
If the price...
Based on chart analysis, we can tell that GBPUSD on 1 Hour time frame has been experiencing downtrend with several sequence lower high & low.
However, recent swings suggests that sellers are not willing to sell this pair lower. Which enables left shoulder of the pattern to act as support for the right shoulder; giving us a potential textbook H&S pattern. This is...
as you can see with the XAUUSD TF 1h, it shows there is a triangle and when the price candle close with breakout any side of the triangle it is mean to buy or sell.
and the target as mention on the chart.
sell the break out
this is previous idea about USDCAD
and I see now the BAT pattern on weekly chart just in sell zone and wait to confirm
and don't forget this is hard resist area and RSI is overbought on daily and weekly charts...
We have alot of EUR news this morning, which we could possibly see price moving down for EURNZD. The price for EURNZD looks to be in resistance. Therefore, we could be seeing a short soon.
Another zone within a zone, one from the 5 minute chart that is inside of the one from the hour chart. This gives me the reason to believe that if the price reaches the zone (above 113.558) it will drop significantly for a potential 3:1 profit margin.
The green 1 on the TD sequential setup phase looked promising when it went above the green 9, indicating that we could accelerate the 13 countdown phase to the upside. Unfortunately, this candle was also a perfect gravestone doji. Candle shape overrides TD sequential.
We are still above the cloud, however, the baseline of the ichimoku crossed the...
We are above the cloud with the conversion line above the base line and we have a green 1 on the TD sequential setup phase. The RSI is getting close to overbought but wee still have some room to go up. We are set to go to the 200h MA, around 3700, in the next 9 hours. After that we will probably have a correction.