EURUSD is still trading without a clear direction. After the last impulse during NFP, we now expect to see price testing the support. Until we see a breakout in either direction outside of the range, EURUSD isn't the best pair to trade right now. There is a higher probability that we will see the market testing 1,0121 and in case of a breakout we will be...
I’m keeping a close eye on BTC daily chart for the next 24hrs for a trade if we break above 23,397 high I will long with a 1% risk on my account to make a 3% gain I will short the market if we break 22,829 lows risk 1% and aim to make 3% .
A Bearish Deep Gartley Pattern is completing at 165.74. It is a level that will attract lots of counter-trend traders to look at.
A retest of 1.2026 on the 1hourly chart, not only it would give us a retest or to some a double bottom with an RSI Divergence, if you look at the bigger timeframe, the daily chart, you would see a potential Head and Shoulders Pattern that give an opportunity to long on this counter-trend trading setup.
A Bullish Butterfly form at 1.0045 could be an opportunity for counter-trend traders to wait for a counter-trend trading opportunity that completes at that price. However confident you are in the trading setup, it is important to wait for candlestick confirmation before engaging in the trade.
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.