Price has been in a Descending Channel since February this year (7 months now). The medium-term outlook for the US Dollar is poor and Safe-haven currencies like JPY are still preferred. There is a Strong Confluence of Resistance at the 106.60 - 107.40 area. This is the Sweet Spot..🤗🤗 We have Four (4) types of resistance in this area. -Round Number Resistance at...
and pairs and USD ZAR is one of them. Some big potential to make good pips with this pair. Again 3rd touch confluence which I can teach you for free x
Price has been moving in an Ascending Triangle Pattern for sometime now. There is major resistance at 1.6540 - 1.6557. A lot of Sellers are in this area. Bulls are pushing the price upward (Bullish Compression but now Price is below the Daily Pivot Point which makes this pair bearish. We have a confluence of support at 1.6440 which is holding the price. We have...
Daily timeframe is bullish as we didn't break our previous low 4H timeframe is bullish as we didn't break our previous low and made a new high Based on the 4H chart, Gold will come down to retrace our Fib level around 50-61.80% where we also have a resistance/support level (look left) So personally I would wait for a 4H buy signal confirmation around that area...
Hello everyone, here is the top-down analysis for CHFJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hit the like/ follow button to motivate me to continue; last time we hit 500+ Pips First scenario: Update on this, I circled the possible price rejection scenario that can lead into a sale. Second scenario is a buy position from pullback zone near 50% on Fibonacci. Third scenario would be if prices break resistance and continue to uptrend, keep in mind for a...
Hit that like/follow to motivate me to continue. Not much has changed since last update, if you were tracking this set up you would notice 50% golden retracement zone was respected. Meanwhile buying on dips and exiting until a better long term buy position. Probably won’t see it until elections or Covid vaccine, I’d like to see 1700s again. Fundamentals...
$UAL had a MACD Bullish cross to go along with an EMA cross of the 20 and 50 day coming off a big green candle the day before. That's enough confluence for me to get long with a long debit call spread. I even got some positive Theta with this trade at the time the trade was placed.
Daily Time Frame: Reading price action we can see that GPBJPY has been bullish since price created a double bottom at 112.000 key support. As price approached 139-140.000 key resistance, we can see that price started to slow down by showing long wicks to the upside and indecision candles. After the double daily pinbars created last week, price reacted to the...
It's pretty evident what I'm looking forward to seeing happen in the market this upcoming week. I would like to see how this plays out, but if you're looking for a more in-depth analysis for the British Pound/US Dollar just head over to one of my most recent published ideas. Happy Trading!
Two trades for 4h & day, with 3R/R and 5R/R respectively.
Price is rejecting off 1.33200. Not only is this a key level, but it has proven to be a very strong resistance zone (and support in the past). We are also in a strong downtrend and have been for sometime. Trendlines on both the monthly and hourly timeframes strongly support this. Price is now at an area of high confluence and is presenting an opportunity to enter...
Long idea from a 3 confluence setup: 1 - Trendline 3rd touch 2 - Break and retest of structure 3 - Fib level confluence Entry on the wick after a bullish engulfing was formed on the lower time frames.
my alert set XAUUSD Crossing into respected fib gold zone wait for confluencing signals to go long with bullish trend ,2030.536 you could go for a quit short scalp but ill wait for the bigger gains. my entry is based off the fib gold zone and timeframe confluences as long as you manage risk your in profit <3
We could possibly see a break of the 135.200 area we are currently at a 61.8 retracement Fibonacci level as well as a QP level so we could go straight up or we could re-trace a little bit more we could even retrace down to the 134.000 area to drive back up. I am still bullish on this pair until the market tells me otherwise we haven’t broken any major level of...
Expecting a pullback to retest the respectable ascending trendline and the back of the broken descending trendline in confluence with our 0.618 fib retracement and strong support area of the hourly structure.
Looking to enter longs on a pullback to retest the broken descending trendline in confluence to our 0.618 fib retracement and minor support area.
GBPJPY approaching daily descending trendline in confluence to the 0.618 fib retracement and a potential rejection is possible.