This is a great example of how keeping certain things on watch and just taking 30-60 seconds each day to glance at and mark the daily chart can help you find intraday setups (with the initial levels coming from the daily chart). I don't know for sure as I keep this chart on watch so I'm always familiar with the levels... but I truly believe IF I DIDN'T know this...
Price action has aligned nicely for short intraday setup on the pair. On the 4HR timeframe we can see that price has failed to sustain a close above 65.586. This will be our 2nd rejection at this price level along with failed break of EMA 50 on the 1hr and 2 hr time frame. Our TP will be 64.60. Happy Friday traders.
Very straightforward setup. We are currently in a bullish range on the weekly timeframe. There are few confluences pointing price in continued bullish bias. Price has dipped in to our Demand zone 119.38 - 118.78, so around 60 pips. Price action has tried to break this zone on two separate occasions but failed to do so. 3rd time lucky? I do not think so but never...
Hi traders, if you were with us on weekly market outlook then you should know what to do.
The video explains everything PS: TP was just reached
The price is respecting a strong trend line and started making a pullback. Must wait for confirmation at fibonacci zone to enter a short position.
BINANCE:KEYUSDT KEY ready to breakout over the next few days. The last few breakouts have return around 180% - 220% gains. Expecting this next wave to be just as big, if not bigger!
Buy order triggered at the 0.5 fib level 1.3064. Several reasons as to why this trade was taken: Market Structure has shifted to bullish momentum on the lower time-frames such 1hr, 4hr. Price is potentially completing its 2nd HL on the 4hr starting from the 14th Jan 2020. Price dipped in to demand zone 1.3037 - 1.3057 on the 1hr time-frame. We are now...
The wedge is almost complete for a breakout trade to happen… and on a key level at that. So when this trade takes off, it's gonna take off. I'm looking for one more large bull rally before we make the hike back down. But, it depends on if the daily SR will be respected or not. So, I am looking forward to this move as well this week. Here are the TPs I'm...
This is a bearish flag with multiple confirmations that price is a wee bit too high and got to come down according to the higher timeframes. So I am patiently waiting for its cue. As you can see, this is the current wedge price is in. I would look for it to try 1578.92 for one more uptick before taking the nosedive south. So I will only have two TPs in place for...
USDCHF has a good boost up which makes me think this is going to continue to be bullish. Awaiting the pullback to confirm. Not much to do here but go with the flow. BULL TPS: • 0.96964 • 0.97439 • 0.97684 • 0.98023 BEAR TPS: • 0.96453 • 0.96023 • 0.95761
This pair has been on a downward trend. I am actually curious to see can it make the monthly or not. A pullback should appear before it continues further down. It's pretty much near rock bottom of the charts. So I'm looking for pullbacks and reversals for this pair. For the time being, trading with the trend is key for this pair until it shows otherwise. ...
If you could before continuing please support this idea with a like. I See Bearish divergence with the MACD on the EUR/USD 4hr Chart. Just touched untested level I had marked. Maintaining downward momentum. Im expecting an almost 90 pip downward move.
Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit. The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one. BULL TPS: • 144.356 • 144.844 • 145.638 • 146.961 ...
CADJPY is in the middle of a strong bull run so we're just gonna follow the trend until it shows signs that it's turning around or committing a pullback. BULL TPS: • 84.088 • 84.407 • 84.818 • 84.889 BEAR TPS: • 83.598 • 83.320 • 82.895
Gold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short. The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action. But technical analysis still screaming this is a big big short. Let's see. BEAR TPS: • 1550.55 •...
We are in a range according to the 4hr. According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active. Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice. BEAR TPS: •...
HELLO TRADERS, I hope to everyone, have a profitable week. Let's go to our chart, We have a nice daily close on Friday, shows respect to the technical of minor support price level that comes from the start of November. The 4H could be much better, but this doesn't change the fact that we have a good close above the 108.000. Therefore we aim to catch the...