Hello fellow traders! Today, let's delve into the FX:AUDJPY currency pair. Here's the breakdown: 🕰️ Timeframe Analysis : The pair is predominantly exhibiting upward momentum on the 4-hour chart, showcasing a bullish trend. ⚖️ 1-Hour Chart Dynamics : However, a closer look at the 1-hour chart reveals an attempt to break the support trend line. A potential...
Hey friends, the dollar made a new low and the Euro is on the go up to the upside. Let's see if it can keep this strength. If not and price pulls back on EURUSD a good buying price would be above 1.08525 as long as price doesn't close below it. Let me know if you're following the dollar EURUSD. Many blessings. Shaquan
EURUSD gave us a successful buy signal last time (see chart in the end). Today it crossed and closed a candle (4h) under the MA50 (4h) for the first time in 2 weeks. This creates the potential for a Triangle pattern, negating the Channel Up. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (a 4h candle) over...
EURCAD nearly touched the two month HL trendline and the 4H MA200 today. With the 4H technical outlook on the red (RSI = 33.840, MACD = 09.994, ADX = 36.630) this is a strong buy opportunity on a one month time frame. The RSI getting oversold and rebounding, is following the path of the February 10th Low which rose slowly to nearly the 1.382 Fibonacci extension....
Hello traders, As you can see in my previous post the resistance level reached and profit target hit. Now again short selling opportunity on the horizon. Wait for the OANDA:AUDCAD to close below stable support (0.91200-0.91500) and test resistance before opening short position. Avoid long position due to downward trend and high supply. Thanks &...
The EURUSD pair will most likely close the day below the MA50 1D for the first time since November 3rd. Parallel to that it is possible to close below this three month Channel Up structure. This sequence gains bearish momentum which can only be negated with a break above the MA50 4H. Trading Plan: 1. Sell if the price closes below the MA50 1D. 2. Buy if it closes...
Quick and safe profitable trading opportunities in currency trading in India via Hedge approach by simultaneous selling one currency pair and buying of another currency pair and vice-versa.
The pattern on the USDJPY pair is a Channel Down since the trend reversed on October 21st. As long as the price stays inside this Channel, the trend will remain bearish with each lower Fibonacci level a potential target. The MACD though has pushed the first major buy signal of this downtrend as it made a bullish cross last Friday. As a consequence, if USDJPY...
After the persistent bearish channel the market started to move in a volatility contraction pattern to the upside... Now we’re currently at a pretty much significant area, from here we wait for price to slightly violate this liquidity zone to price 0.91385. After the retracement then we should expect an aggressive bearish movement targeting price 0.87583 which is...
Pin Bar Candlestick Formed on EURCAD 1H Chart. Enter Long Position.
USDJPY created a series of lower highs. Pin Bar Located At 115.367.
Take Profit at 91.624 and 91.667. Trail The Stop Loss Beneath The Higher Low Of Candlestick.
Quick Trading Journal Entry: Uptrend expected, to the upper line on the orange rectangle-condensed trading zone (resistance at the blue horizontal line, 0.76417 ). Major resistance at red horizontal line (0.78422). Expected peak of the uptrend, around: October 31st , with the relative strength index peaking at the 80% marker. The R.S.I also broke out of a long...
as you can see there's a head & shoulders pattern in the chart and we believe downtrend can continue around 1.58, after reaching that area, if we see signs of reversal we can enter long till at least 1.62 GOOD LUCK
GBP/USD (GBPUSD) has ended impulse wave sequence A from last swing low 1.22526 to 1.25287 and started correcting it as expected previously. It completed the a wave down of B as abc correction. Wave b is under progress and may take more time to complete in 10 min time frame. Thereafter c wave will start to fall again to complete the whole B wave. The invalidation...
EUR/USD (EURUSD) has completed B wave in ABC zigzag down move. The 3rd wave of C wave down is under progress. It is in 3rd subwave of 3rd wave. Keep the eye on invalidation level to retain the count valid. It is aligned with Dollar index.
AUD/USD (AUDUSD) is in C wave down in ABC zigzag pattern from last major top. The B wave has ended in triangle. The 1st wave of C was diagonal structure, and 3rd wave down is now in progress. It should be going down sharply as it broken down triangle. Keep the eye on invalidation level.
AUD/USD (AUDUSD) is in wave B complex or triangle formation. It dropped in impulse wave A from major top shown in chart. In 4 hr time frame, it has completed ABC zigzag movement, where C was 0.618 times of wave A. In 15 min time frame, ABC zigzag down wave expected, but wait for confirmation of B wave to complete.