GBPUSD is on a downward trend on 4hr, 1hr and 15min timeframe so far.
A pullback on 1.32500 will see the price move down to 1.32000, forming double bottom with November 30th Lowest price caused by the Powell news.
Double bottom pattern formed at 1.32000 will drive the price up to 1.32500 to form yet another double top pattern, which will trigger the downward...
It’s a long term technical analysis for long time investment.In this analysis , I use weekly timeframe and some technical tools like fibonacci retreament, moving average and pivot points.
In the chart,I see a very strong trend on short.The first strong support is at 1635.If the first support break the price will support at 1450 area..
I’m a dumb ape, me no trade advice.
We’ve got some resolved overbought RSI, and price channel signals to boot.
Entry would be good around this range for shorts. Although if it does retest the bull channel, a short position could have a higher entry. But, that isn’t necessarily the case, we work with what we know, and for now, it looks as though this entry would...
USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable.
Clearly a BEARISH TREND on Monthly,
Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal.
After the trend...
FIGS is going to bring us a considerable profit !. How much? lets follow the idea.
FIGS reacted nicely to strong support (34.13 USD) formed by two different types of Fibonacci after an abc form of correction shown on the chart. A considerable up ward move started after the mentioned correction which seems to be the wave 1 of a new 5 leg up going wave. After that,...
ETH / USD ANALYSIS
The Ethereum price has been able to establish the $3352 region as a strong support zone . Every drop here has been faced with aggressive buying pressure. Therefore, if it sustains above the 9-day moving average, it could potentially start to navigate back to its resistance between the $3400 and $3500 resistance levels. If the buying pressure...
eur jpy broke the strong zone and went all the way down to 1.28000
now market is at broken structure to retest
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience and discipline are the key to become profitable is Forex trading
Good morning to all my followers and others as well :-)
Today, we are going to carefully looking at the daily time frame where for the first time the primary downtrend line resistance has been broken
on a daily closing !
This should be seen as a positive signal but should also be considered cautiously for the time being !!!
1) There are potential bearish...
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Hi Traders, USDCAD it is expected to go lower after the flag breakout however it might go at Pullback area before going down.
⬇️Sell now or Sell at 1.2515
⭕️SL @ 1.2583
✅TP1 @ 1.2366
✅TP2 @ 1.2260
✅TP3 @ 1.2135
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It seems that my earlier trade on oil is going the way original planned. I have taken in and out several times waiting for this. False breakout after more false breakout. I always keep losses small though. Now I am in profit again and hopefully more. See prior link below for trade details.
Hello everyone. As I expected my previous idea of BABA, it managed to conquer the downtrend line with a higher high pattern.
From the daily chart, it might dip a bit or go sideways to accumulate momentum before retesting the long-term MA in red color again.
I think I've listed enough reasons for the bullish setup after the weak performance of ...
Hello everyone. BABA has been down for 239 days from its historic high created last Oct.
Now, Price has dropped to weekly key structure. From the day chart, I observed that price seems to refuse to create a lower low. That suggested that momentum is accumulating to the upside.
So, price rebounded to challenge the downtrend line which BABA failed to conquer...
Right here is a downward channel with price testing the support trendine.
If price does not break this trendline, I expect a bullish movement back to the upper trendine (resistance).
What do you think?
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