Eur/Jpy is on its Trend Continuation level. Waiting for a chart pattern(Double top or RSI divergence in 1h) or candlestick bearish signal than going short. What you guys think???
EURUSD is still trading sideways after breaking above 1,0210 yesterday and basically showing no strength for a downside move. It's now heading towards the main resistance below 1,0300. Every next time we see a test of that it will be much likely to actually see a breakout as well. Today, NFP will be published. This is an important economic event for the market...
EURUSD with another drop yesterday. Right now this move looks weak and we saw fairly big pullback. To see a continuation lower, it's very important for the EUR not to break above 1,0210. Confirmation would be a breakout of the previous low and another impulse down. Trading right now from current price levels isn't a good idea!
Hi everyone, Yesterday we talked about how Bitcoin might be entering a new range between the support and resistance displayed, as it bounced from the 0.5 Fib level. A very important notice that on DOTUSDT, we have formed a head and shoulders and we are right now retesting the support level, which is really bullish as it is a reversal pattern on a higher time...
A potential Head and Shoulders formation may form on the AUDUSD 1-hourly chart. What are you waiting for? Well, I'm waiting for the candlestick close to decide if it is for me.
Yesterday EURUSD rejected the resistance below 1,0300. It looks like we are about to see this pair continuing lower but it is still not fully confirmed. Today we need to see if there is going to be a lower high. If the pullback to the upside is strong then we're not selling! Further confirmation will be a breakout of support!
After, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart. This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji: ✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not...
EURUSD is trading at the top of the range and we're observing if it will have enough strength to break above its previous high. Even if there is a breakout we're not looking for buys! We will have to wait for price to give us a reversal signal so we can then enter short.
The candlestick indicates a divergence signal where the price toward the MA20 line with high volume confirms the trend. The RSI indicates a positive momentum toward indexes 50 with a high gain during the previous trade. OBV and MACD indicate a divergence signal hence confirming the price uptrend toward the MA20 line. To place a bid, use VWAP as a guideline then...
EURUSD is still trading sideways. It fails to break above the resistance every time it tries to do it. It looks like, there will be another try for a breakout again. If it fails again, then that could present to us selling opportunities. Our first target will be the bottom of the range but in case it breaks below it, we can then look for targets below the parity!
A Bullish Bat Pattern has formed on the CADJPY 4-hourly chart. I'm waiting for the market to check-back at 103.85 before engaging the trade. Aggressive trader could decide for yourself if this setup is for you.
A counter-trend setup on GBPUSD, a Bullish Shark Pattern that is completing at 1.2015. As Shark Patterns can be tricky, a candlestick pattern confirmation is important.
In this week's Weekly Market Analysis, we are looking at EURUSD intra-day timeframe. There is a Deep Bearish Gartley Pattern that is complete at X at 1.0246. Candlestick Pattern confirmation is a requirement before engage the trade.
Container Corp breakout to channel pattern along with monthly supply zone , good fundamentals can see more upside
EURUSD is still trading sideways without giving us any good trading opportunities. This happens quite often on this currency pair and in periods like this, we would rather trade something else. We need to see how it's going to react to its resistance and is it going to reject it again. We will be looking for selling opportunities but before that we have to wait...
Yesterday, FED hiked the interest rates to 2.5% but that didn't lead to increase in USD. Those expectations were already played out and we even saw price dropping. We are still trading sideways and we're yet to see if price will have enough strength to break the resistance. Right now, we won't trade the EURUSD because it looks like there's not that much...
Quick analysis starting from the extremely large bullish engulfing at 03:00. 11 Candles Price reached new highs with a lot of volume. This high volume with new highs makes me think that Price would like to continue up. Let's look at the next candles though. Candle 2 is a shooting star followed by a spinning top. These two candles can be a sign of a reversal....
As we can see in the 1h timeframe, Bitcoin made the same candle pattern (evening star) with a trap above the trendline. Also Tesla sold 75% of bitcoin holdings and FED reunion 27/07, so there are reason to be bearish now. Target: 1) 21500 2) 20750