AUDCAD! SO... Are you in a BUY OR SELL? our strategy is currently in a buy... people who trade technical analysis may well now be in a sell after price is rejecting this descedning TL... so. lets see what happens...
If EURUSD will brake our strong resistance level, then there is possibility for Long position, but if it will get rejected then there is possibility for Short position till 1.7769. Let`s see what happens! :) Good luck
The price will move up to the black line and make a deep fall from there. The black line has been a strong level for a very long time now. Buy now to the black line and take the drop from there for another 1000 PIPS. Thank me later. For accurate entries, exit, SL, and TP send me a message. Like & Follow to support more analysis.
Hi traders, here's an update on USD/CAD and how to trade the pair the next trading week. TECHNICALS: USD/CAD has been in a strong downtrend on the daily chart after respecting a long-term falling trendline and after higher oil prices supported the Canadian dollar in the last few weeks. The pair is now completing a correction, which can be seen on the 1-hour...
Enter LONG if: candle closes above 38.2% level. Or wait for the next candle after to hit 38.2% for a better entry. T/P at 61.8% Enter SHORT if: candle closes below 0% level. Or wait for the next candle after to hit 0% for a better entry. T/P at -27.2% Good luck traders!
From a COT perspective, Silver has started showing a weaker momentum than before in its long size contracts. That doesn't mean that a second top won't happen and this is why we will capitalize from it. The 0.5 Fibonacci level at 20.50000 is now a serious demand zone since it is a monthly critical level and it also aligns with the neckline of the "W" structure...
Latest COT Data on GBP shows that the long contracts maintain their strong, bullish short-term momentum. Price will create a new HL at the daily critical demand area near 1.28000 and move towards the monthly supply area near 1.34000. Stop loss moved further below in case that price goes for a 0.618 re-test. If you like my GBP/USD idea, please leave a like or...
this triangle is making me go nuts! my first idea was based on 4hr timeframe,https://www.tradingview.com/chart/XBTUSD/nYPpezRg-Bitcoin-Ascending-triangle-update/ I am damn sure about my resistance zone however support trendline is confusing me hence zoomed out & we got much bigger triangle in the making grrrrr keep an eye on both, 4hr is retesting & this one...
BUY IF - Candle closes above 38.2% level, and retraces back to it to find support. Buy on the retest. PROFIT TARGET: Level above @61.8% SELL IF - Candle closes below 0% level, and retraces back to it to find resistance. Sell on the retest. PROFIT TARGET: Level below @-27.2%
in my last post, i mentioned it's too early for us to know Now we know!! more I am trading & charting I am starting to understand both Support & resistance are not A SINGLE LEVEL but actually Zones!!, right now we are at the resistance & if we reject here I am HOPING THAT fibs will hold & trendline support as well. Once we break & close above the red box we...
After gold hit historical values last week, we can prepare for a bearish correction. According to the COT Data it still has strong contract sizes, but the current momentum is weaker that the one from previous weeks. From a technical and a COT perspective there are 2 possible scenarios for XAU /USD: 1. A correction towards the 0.236 Fibonacci level. It aligns...
TECHNICALS: AUD/NZD is trading at a major daily resistance level and started to form a bearish wedge pattern on the H1 chart, where a fresh lower high is already evident. The bearish wedge formation signals weakness in the recent uptrend, with projections above previous peaks failing to move significantly to the upside. A break below the bearish wedge provides...
TECHNICALS: Friday's bearish candle is now followed by an indecisive doji. USD strength put some pressure on Gold, but looking at the USD index, we could soon see further weakness in the currency and a rise in Gold. The H1 trend shows a retracement near a structural support and a formation of a bullish ascending triangle, which if broken, could push the price...
Today's update on the GBP/USD pair. TECHNICALS: Cable faced some strong demand in the last few hours after reaching a major H1 structural support. Recently, the H1 downtrend showed strength and accelerated to the H1 support, but the pullback formed a higher high and doesn't really show much decision to break below the 1.3013 level. A break below the 1.3085...
Hi traders, here's today's update on EUR/USD. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks! TECHNICALS: The EUR/USD pair broke below a H1 structural resistance but managed to return to its previous range, signaling a possible fake downside breakout. The downtrend projections...
Hi traders, here's an analysis of Gold for the upcoming trading week. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks! TECHNICALS: Gold has been in a strong uptrend on the daily chart but started a strong correction on Friday after better-than-expected US labour market numbers...
Hi traders, here's my view of Brent crude in the upcoming trading week. Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas like this. Thanks! TECHNICALS: Oil has been in a nice daily uptrend recently and entered a correction phase in the last two trading days. The daily close is quite neutral, and...
first support is $16.50 we break then we go back down to $14.47. I am bullish still on JMIA. I have been buying more conracts. My PT is $18.60 & $23.60 once $18.60 breaks. I expect this stock to run up again before ER