Hello and welcome to my Trade Idea of the currency pair LTC/USD. Lets start with the Top Down Analysis. Weekly: The last weeks are bearish. Daily: On daily we see the trend is in a downtrend, and we look for short entrys. H4: On H4 we see a little correction from the downtrend. M15: On the M15 timeframe we see the counter trendline and wait if the price...
Hello and welcome to my Trade Idea of the currency pair AUD/JPY . Lets start with the Top Down Analysis. Monthly: Monthly is bearish. Weekly: Weekly is in a beautiful downtrend too. Daily: On the the daily timeframe we see a little pullback and look for short entrys. H4: On H4 we see the counter trendline and a clear break. Have a nice day.
Hello and welcome to my Trade Idea of the currency pair USD/JPY. Lets start with the Top Down Analysis. Monthly: Monthly is ranging. But in the last few months, some huge bearish candles have been recorded. Weekly: On the weekly timeframe we see a bearish momentum. Daily: Daily is bearish too but we can see a small pullback after the long downtrend. H4:...
Hello and welcome to my Trade Idea of the currency pair NZD/CHF. Lets start with the Top Down Analysis. Monthly: Monthly is bearish although he has recovered the last 2 months. Weekly: Weekly was in a long downtrend but now he has been in a pullback for 4 weeks. And our target is small anyway and with in the pullback. Daily: If we're not zoom out too far,...
Hello and welcome to my Trade Idea of the currency pair EUR/USD Lets start with the Top Down Analysis. Monthly: The monthly timeframe in a beautiful bearish trend. Weekly: Like most of the time, the price reverses shortly after the long bearish trend to form new lows. Daily: The trend is bearish and i think the price drops to until the monthly support, the...
Hello and welcome to my Trade Idea of the currency pair CHF/JPY. Lets start with the Top Down Analysis. Monthly: On the monthly timeframe we see bearish momentum. Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on. Daily: I think the price will break the inner counter trendline and react to the outer counter...
Hello and welcome to my Trade Idea of the currency pair AUD/JPY. Lets start with the Top Down Analysis. Monthly: The monthly view is bearish. Weekly: The weekly timeframe shows a downtrend as well, and now we're looking for short trades. Daily: We see a smaller correction of the long downtrend, and search for entrys. H4: We spot a counter trendline. On...
according to my analysis xlm/btc will go down because it is at retest of counter trendline break , it is at golden ration or 61.8 level of fibbonacci , it at resistance of 200 ma . just wait for a bearish candle and out from your running buy trade r take a short trade . please like this post and share with your friends . FOLLOW ME FOR FUTURE ANALYSIS ON OTHER...
After seeing big moves to the downside for the EUR/JPY Pair I do still currently favour more downside. We can see on my chart that we are currently In a consolidation area where the market cant decide where to go but is leaving us clues as to where the direction may be with the price action available to us. Starting at the Fib retracement level we can see we have...
After keeping a close eye on Gold prices recently we can see that we are in a obvious downtrend. I have drawn in my fibonnaci and we can see price is respecting the 50% retracement level acting as a very dynamic area of resistance with some clear bearish engulfing candles onces testing this area. Although the counter trendline has been broken I spotted a key daily...
I have been monitoring this pair closely due to a head and shoulders pattern forming on the weekly GBP/USD as we can see price has tried to create higher movement but failed to do so many times. On the 2HR I have noticed a nice counter trendline forming and a fibonacci retracement forming. I would like to see price come up and tap one of the Fibonacci levels. I do...
After doing some techincal analysis on this pair and monitoring the movement. Last week we broke a key area of monthly support now resistance (0.70500). The buyer tried to retest this area with a huge engulfing candle but couldnt get enought momentum as price has moved downwards ever since and also tapped the 78.6% retracement. We can see a clear counter trendline...
I have been doing some analysis on the GBP/USD pair which we can see since last week we have seen a clear reversal of the market to the upside which is presenting some nice fibonnaci retracement entries. I have drawn in a counter trendline which has been created from the retracement of the latest bullish pullup. I do believe there is still room for this pair to go...
Doing some analysis of the EUR/USD pair and we can see that weare making a retracement to the upside from some heavy downside movement over the past week or two. I do believe that we have some more room to move to the downside after the rejection last week of the 61.8% Fib level. I would not feel comfortable taking this entry until the counter trendline is clearly...
After looking at the AUD/USD pair I could see that we have just come from a big bearish move and started to see price pull back up to this very significant monthly area of support turned resistance creating an A B C formation on the Fib Tool. As we can see both counter trend line and trend line are being respected price made a lower low and a lower high which...
So, starting with the fundamentals, we see no major news at the start of the week. However, there is volatile EUR news on Wednesday, with the main refinancing rate being released as well as the Monetary Policy Statement at 12:45 GMT. The Monetary Policy is crucial to understand data on interest rates and inflation. On to the technicals and starting on the daily...
Price couldn't get above the inner trend line. Counter trend line just about to be broken. H4 MA's getting closer. H2 MA's have already crossed. Lower high formed yesterday (blue rectangles). 60 pips target on the short move with 24 pips stop loss. If price can't close bellow the counter trendline i think it will try to reach the inner trendline again or even go...
Nice straight trendline, test areas tested, including a spike through, and had 2 respected candles in the weekly chart. Then for the countertrendline, we perfectly broke out, while all the levels were met perfectly.... support level was respected too. Great old example and practice for spotting countertrends and trendlines. -KH