Is EURCAD exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.4590 followed by 1.4500 What you guys...
Considering the recent bullish momentum in the oil market, characterized by a clear market structure of establishing higher highs and higher lows while respecting to a short-term bullish channel, we anticipate that oil prices will rise from their current low, as depicted on the chart. In addition to the bullish channel, there are other bullish indicators on the...
Hello, dear traders and colleagues. I wish you all a successful trading week. Let's examine the AUDNZD chart to identify a potential selling opportunity. As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show...
Hello, traders and friends. Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity. In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now...
Hello, traders and friends. I hope you are all doing well. Let's delve into GBPJPY and explore why we believe there may be a potential selling opportunity. As you can observe, the price has been in a bearish channel for the past few weeks, consistently reacting near the upper boundary. This pattern suggests the possibility of a repetition, offering another...
The euro is in a 4-hour downward trend and is forming the second lag, and then corrects and continues the downward trend until the target of 1.0350.
As you can see, gold is bearish in the daily channel and at 50% Fibonacci + four-hour supply. - One hour gold is bullish and suffering is forming.
Hi, dear traders and colleagues, Let's take a look at the JPY basket and analyze its potential implications in relation to other currencies. The Japanese Yen (JPY) has been weakening for a considerable period due to the policies implemented by the Bank of Japan (BOJ). However, given that we are now at the end of the hiking cycle in other central banks, it is...
very well and clean bearish market structure in 4H time frame, price forming lower lows and lower highs and right now price seems like to forming another LH. Price currently testing short term bullish corrective upper channel line which act as a resistance for the price. moreover, price is at static resistance area which add to our bearish confluences. Should be...
price bullish corrective move forming a bullish channel as you can see clearly in the chart and now price is testing this channel lower boundary which acting as a support. Moreover, price also testing its short term bearish channel line and currently testing its return line which add to possibility of bullish expected move. Also in 30 minutes chart we can see...
Hello, traders. The support and resistance area of 139 may soon be approached by the USDJPY, which is now in a correction phase. The trend is currently upward. Throughout this and the following trading week, we'll be keeping an eye on USDJPY in case a buying chance presents itself close to the 139 zone.
Check out weakly chart stock movie in channel higher high and higher low. Consolidation or taking rest to blast not sure anything after channel breakout can tell what will be next No recommendation
Channel - There’s a clear uptrend channel. Symmetrical projection: An uptrend N pattern - By projecting a 100% symmetry projection of the initial swing from point A to B, and extending it from point C. - As the expected symmetric pullback to E did not occur, I anticipate a further 100% extension from D to F ($16733). The target price level aligns with the...
BINANCE:ETHUSDT is once again parked near the resistance of 1933 dollars. If it closes above this pivot point we can see it rise towards the channel top while failing to do so can bring the price back to the channel bottom. So far, this channel gave good trading opportunities and we can continue using the top and bottom of the channel for entry points for...
2 minutes ago Welcome back! Let me know your thoughts in the comments! ** Starbucks Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas...
Hi Traders! The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly. A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by...
Welcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...