and it was retested this week. The Rollover LTE indicator (see script below) helps show why the 20 SMA (white smooth line) rolled up so sharply after steadily declining since June. The current price is above the sharply-dropping weekly closing price from 20 weeks ago (white jagged line), therefore, the 20 SMA has achieved a positive slope in short order. The...
EURCAD potential longs are based on the overall confluence we are seeing above. Price is in an uptrend and currently respecting an area of support. If the price manages to hold above this area look for longs back up to the most recent swing high of 1.37000.
GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.
Am entering this high probability confluence setup...... A confluence of a demand zone, a trend line and a fib level has occurred on the 4hourly chart.....am going in for a quick 6.6R......Like and Subscribe .....maintain strict Risk and Money management and Let's ROLL..... Peace!.
Eurchf has approached a strong Hourly ascending trend line....coupled with the confluence of a demand zone, a strong bullish reaction may occur on the pair... Like and subscribe.
Order BUY VZ NYSE Stop 35.82 LMT 35.82 will be automatically canceled at 20230401 01:00:00 EST VZ bullish hammer at the bottom of Mean Reversion Channel beautiful volume, weekly chart confluence, not much in our way all the way up to MA 100 except for local trend. Stop loss below buying zone of support conservative, take profit at MA 100. 1.56R
Am going long on this pair at a confluence of a trend line and a demand zone. Looking for a modest 3.28R.... Pls like and subscribe.
Eurnzd is at a very strong trend line and also at a confluence of a demand zone. Am going long here for about 3.95R....Like and Subscribe....thank you.
Price has respected 38% and 50% fibonacci support, broke 60% resistance now turned support. There's a golden cross and price is now sitting above the short MA which could mean a breakout targeting the 78% resistance level . LET ME KNOW WHAT YOU THINK :) Arsenicolupinx
US CPI out this week, along with FOMC meeting minutes. Markets have clearly gone sideways as the bankers meet up and discuss whatever it is that they discuss.
HTF speculation on FTT USD pair on linear scale based on ATH TL break out, paralel channel and fib ext + expansion targets
XAUUSD on the 4h chart reached an important confluence zone between a descending trendline and a daily resistance. The price moved higher as expected and IF the price will break the confluence area we can see a bullish continuation to the 1760 area. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Primary Chart: Fibonacci Levels, Symmetrical Triangle Broken in September 2021, Anchored VWAP , and Downtrend Line On September 21, 2022, SPX's had a breakout to the downside from a multi-month symmetrical triangle pattern. This pattern was discussed in a post prior to the breakout. But when price breaks out of technical patterns, price sometimes tends to...
A breakout and consequent retest of a descending trend line and a demand zone......strong case for longs.....am going in for 3.43R...... Pls observe good risk management ..... If u support the analysis pls drop a quick like......for more content like this pls consider subscribing.... Thank you!.
✅EUR_USD Is about to retest a resistance Confluence, just as I predicted In my previous analysis of the pair And as the pair is in the downtrend We are bearish biased and Therefore, we will be expecting A move down from the confluence SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support. The price has bounced over the structure and is now trading below the upper trendline and a resistance area. How can i approach this scenario? I will wait for the EU market open and IF the price will break the...
Am shorting this pair after a bearish breakout and a consequent retest of a bearish confluence zone consisting multiple trend lines , fib levels and supply zones.... Looking to grab 4.27R, if u support this idea drop a like and if u will love to see similar content in future , pls subscribe, thanks....
Hello,Traders! AUD-JPY was trading in an uptrend Along the rising support But now we are seeing a bearish breakout Of the support confluence Which is now a resistance cluster From where a further move down It to be expected Sell! Like, comment and subscribe to boost your trading! See other ideas below too!