Yesterday we saw a hold on the EURUSD and there is no basis for new trades at the moment. For selling, we will look for a correction to 1.0600 and a pushback. Jobs data is due tomorrow and could trigger a move to provide an entry opportunity. We are currently not trading EURUSD and are awaiting developments. We are looking at current opportunities in the...
Powell's press conference yesterday had an impact and we saw a sharp drop to 1.0530. This eliminates all buying options and we look at selling options. We will look for an entry after a correction to 1.0600 and a pullback from these levels. The idea is break by going over the previous peak! The goal is to breakout of the bottoms and reach 1.0440.
The candlestick pattern indicates the price has rebound from the price support range. Where the price gains momentum towards the R1. Although there was a significant price movement the result in volume is lower than the average volume. Hence, indicate an accumulated phase pattern but suggests that the long-term uptrend remains intact. The MACD is in a divergence...
OANDA:EURUSD In the 1 Hr TF, we see the Bullish Trend starting. The Hammer and Bullish engulfing candle shows on charts that is good sign for go Upside movement. Or break the previous H.H more confirmation to the Upside.
OANDA:GBPUSD In the 1 Hr TF, we see the Bullish Trend starting. The Hammer candle shows on charts that is good sign for go Upside movement. Fib Ret Level also Done at Magical Number.
• The SPX hit its resistance at 4,060, and now it seems it is losing strength; • In the daily chart, we see a Shooting Star candlestick pattern, that if triggered, could take the index to lower levels; • In the 1h chart, the SPX is correcting, and the next support is the 21 ema, which is ascending; • The 21 ema in the 1h chart is almost at the same price the 21...
Today is the first of two days of Jerome Powell press conferences. Depending on the comments, it is possible that we will see larger swings that will provide new opportunities. At this stage we have no deals and are not looking for new entries. We are looking at buying opportunities in EURUSD after a correction or after a break and test of 1.0700. We will...
If price breaks resistance at 22,590 I will open a long trade with 1% risk of my account value to try to make 3%. If price breaks support at 22,240 I will open shorts risking 1% of my account value to try to make 3%.
The candlestick indicates a divergence signal due to buying interest from the traders. Hence, making a significant price movement in the stock price and closing above the MA line. The MACD and RSI indicators indicate a divergence signal, thus, conforming to the candlestick trendline. Precaution for a price correction between 5% to 10% from the recent high peak...
OANDA:GBPJPY We can see Bearish Trend start in 1 Hr TF. Shooting Star Showing good sign for rejection
OANDA:AUDCHF Bearish Trend 1 HR TF . You can see that Bearish trends continue in this pair. I'm Expecting AUDCHF create new L.L. Shooting Star Create in 1 Hr TF
• The SPX is doing a very powerful reaction above a critical support level; • First, as seen in the daily chart, it hit the 3,949 support, and it is doing a powerful reaction. Last Thursday it did a Bullish Engulfing, and las Friday, it broke the 21 ema and the 4k; • In the weekly chart, it is doing a Hammer candlestick pattern, a bullish reversal pattern that...
Several impactful news coming up this week that will determine the trend. We’re monitoring the opportunities for starting an up trend but there is still no grounds for entry. Upon another decline back to 1,0550 we will watch for a reaction and this could be the first opportunity. EURUSD is currently on an important resistance and we’re watching for a pullback.
If you have missed the Bearish ABCD Pattern, you would have missed 258pips of profits. One of two ways you can do this is to wait for the market retest at 1.7979 and ensure an RSI Divergence with a 3-bar reversal before engaging the trade.
If you missed the Bullish Crab Pattern on the 4-hourly chart(right), the Bullish Gartley Pattern could be the next best thing that could happen for you. A retest to 0.9126 on the Bullish Gartley Pattern(left) could get you back on track.
On the Daily Chart (right), we have the potential Bullish Flag Pattern forming. If Flag Pattern didn't happen, a retest on the support line at 1.1937 with an RSI Divergence gives traders who are looking for a buying opportunity a push to enter the trade. On the 4-hourly chart(left), the parallel channel meets at the same price region of the daily chart at 1.1932,...
Hi guys!" USDCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I...
$1824.47 is a Great price for me to engage the Gold on a buying opportunity, especially a Bullish Shark Pattern has shown me an opportunity to get involved. Normally I don't like to engage the trade on a Friday evening(SGT), but a trade like this with RSI Divergence it's hard to say no.