Good Day Everyone A look at the USDCAD pair currently ranging in a pennant formation at 50% Fibonacci level confirming a LH on the pair now will be expecting continuation to the downside on the pair as we just confirmed a downtrend within the descending channel structure targeting resistance level 1.34424 on a swing trade.... Good luck and happy trading...
Good Day Everyone A look at NASDAQ which is currently trading at 38.2 % Fibonacci level within a ascending triangle structure which could signal continuation to the down side as we saw a couple of rejections at level 10674.3. NASDAQ is currently range bound in structure which could be a good opportunity for the more aggressive traders before we could see more...
Good Day Everyone A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally. from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some...
Good Day Everyone A look at US500 starting from the monthly perspective we remain in a bullish rally for third month in a row hitting ( HH ). Coming down to the weekly we broke level 3191.3 support level we could see a retest of this level before we see a continuation to the upside this week but on a larger scale we are still net long on the index. On the daily...
Good Day Everyone Here's a look at the UK100 which has been range bound in an ascending triangle structure but looking from higher time frames the sentiment is still bullish on the index so will be looking for a continuation of this move to the upside the trade will be taken on if we see significant moves with the bulls and begin to trade above level 6329.11...
Good Day Everyone A look at the US30 INDEX currently trading inside a symmetrical triangle range bound in a ascending triangle and we currently have a bullish flag on the index looking to see a push up as we are overbought on most indicators respect the symmetrical structure and see continuation to the down side with the bears... Good luck and happy trading...
Good Day Everyone A look at the USOIL as we closed last month on a second consecutive high and we are currently trading at 61.8 % FIBONACCI level on the monthly chart NET BULLISH and at a strong level $ 40.44. > Coming down to the weekly the USOIL is trading in a ascending triangle it has been range bound in this structure for some couple of weeks as we wait to...
Good Day Everyone Here's a look at GOLD from a multiple time-frames perspective starting off from the monthly where we are still in a bullish rally of higher highs with some strong momentum to the upside currently trading just below FIBONACCI level 1.618 just above the $ 1800 mark > scaling it down to the weekly we at the 5th consecutive high on GOLD trading in...
Good Day Everyone A look at the NZDUSD pair which is currently trading in a descending channel looking for a push up to retest the structures roof since the pair just broke out of a pennant formation. broke above looking maybe for a retest of this structure then continuation to the upside. any reversal pattens and significant moves to the downside will change...
Good Day Traders A look at the GBPAUD PAIR on a 1H chart, looking for continuation to the down side as that is the sentiments on higher time-frames the pair is at a resistance level which saw a couple of rejections at level 1.79272 now we see some increased momentum to the downside with the bears looking for a break of this level and a push down then see whether...
Good Day Everyone Here's an idea on the EURJPY a look from the from the 1H chart definitely looking at it short term, the pair has been in a uptrend after successfully hitting the double top and rejected from support now resistance level 122.492, the pair rallied in an uptrend hitting HH & LL on its way up in a ascending channel structure respecting the...
as you can see, the purple line indicates an uptrend going on... current support : 1540 1st tp 1560 2nd tp 1580-84 SL : somewhere around 5-10pts below the support level of 1540...depends on ur account size... **this is juz a trading idea, dun trade it if it is not part of your plan...trade at your own risk if you like this content, pliz like and...
Good Day Everyone A look at the GBPUSD pair currently trading in a symmetrical triangle ranging in structure looking for the pair to range within the structure before we see some volatility on the pair this would be a perfect opportunity for more aggressive traders to find their entries on lower time-frames. looking for a break above of structure unless...
Good Day Everyone A look at the EURUSD from the 4H chart the pair has been in a uptrend since breaking out of that descending triangle currently just broke out of a bullish flag which could be signalling a continuation to the upside on the pair. the pair is currently retesting the bullish flag structure upon close this past week looking for continuation to the...
Good Day Everyone A look at the USDJPY pair which broke above structure and currently on a retest of this descending triangle structure upon close this past week looking for a rally with the bulls on the pair as volatility returns on the pair but for now expecting the pair to range a bit as marked on the chart which could be a perfect opportunity for more...
Good Day everyone Here's a look at the USDZAR looking for the continuation patterns or the trend to the downside/ downtrend, the pair has been trading in a descending channel on a downtrend hitting HL & LL as we just hit a swing low upon close this past week. looking for continuation of this trend on the pair to resistance level 16.33836 since there are no...
Good Day Everyone A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes Good luck and happy trading...
I am expecting this move to happen. GU is rejecting the daily structure in 4h timeframe. It will go up to create a lower high on 4h timeframe. When it comes back to that level if it creates a double bottom, inverted head and shoulders, any signs of momentum change i will long. Until i will look for shorts. It can break this level and retest as well. Possibilities....