The chart speaks for itself.
If the price goes through the MA200 and the strong demand zone, just short it to 800-1200$ support zone.
Until it happens, BTC could already be in its consolidation zone.
GBPJPY had an inside day on last Friday, and we've got several convictions to consider taking this long!
2 bullish harmonic patterns, AB=CD, and a previous gap up demand zone combinations,
all of which make me interesting in taking the breakout long!
Willing to find trades to long if it breaks the inside day to the upside, if not, this trade will be...
Good morning, traders. Yesterday's drop has, again, scared retail into immediate bearishness. Remember, emotions will most often lose you money in the market. So should you be worried? I mentioned yesterday that "A breakdown below the $7900 demand zone should indicate that price will, instead, continue correcting toward the $6000 level." Just so we are clear, when...
Observamos un canal, cuyo recorrido paralelo es de aproximadamente de 150 a 160 pips. Desde el punto 135.457 se activa una venta hasta la próxima zona de liquidez.
Perseguimos un aproximado de +60 pips
Zone on zone on the 15 min. Price will reach 0.98820, may go deeper for the second zone, then rally. I combined the zones. I'm going for a 1:1, since this is a countertrend that just started for the lower time frames but if price gets through the Supply Zone, where my first target is at (T1.), then I don't see anything stopping it from reaching my second target (T2.).
Observamos un canal, cuyo recorrido paralelo es de aproximadamente entre unos 160 y 180 pips. Desde el punto 0.66800 se inicia una posible compra hasta la próxima zona de liquidez identificada. Perseguimos un aproximado de +40 pips
Looking at the charts, the market has come to find yearly lows for the XXX/JPY crosses in the most recent weeks, with most pairs having pulled back away from the lows. I.e NZDJPY & AUDJPY, and could be an indicative move from the other crosses. GBPJPY, has found some support at 135.170, around the area the flash crash closed above, which begs the question of...
Prices are heading towards a Long-term Demand zone ==> we can therefore expect ENJ to boucne on this level !
Buy : The closest possible to 994
LT Target : 1654
Stop < 802
You may move your stop-loss as soon as ENJ will start to see some profits ! Rocket-pro will be there to inform you !
USDCHF is a very complicated pair with inside month breakdown but inside week breakout;
what's more, in terms of supply zone, this inside week breakout just hit the previous weekly supply zone.
so there are mixed perspective among traders recently!
In my view, I would like to respect the inside week breakout a little bit more as it's able to test the 1.0000...
Good morning, traders. Price has been consolidating/retracing within the expected area mentioned yesterday and looks ready to head higher up now. Once price exits through the descending broadening wedge's resistance, it will be back above the 4H pivot which is bullish. We should then see price targeting ~$8480 based on the height of the flagpole leading up to the...
Good morning traders. Over the weekend, price hit my immediate target of $8700 and then a bit more, topping out at $8833. After the short correction overnight, which saw price retest the blue TR support, it looks like price is headed higher once more. At this time, I am looking for price to target the 1H R1 pivot at $9220 as it prints the JAC and then an SOS. We...
Who would dare buy the USD and sell the yen.
Monthly trend is down but price is at a large monthly DZ, not an area to be going short.
Price is also at weekly demand
then price gave evidence of over-extension with 3 continuation patterns in a row followed by the break of the MoM Trendline, leaving behind, a Demand zone
I would dare to buy the USD up to...
GBPUSD has completed 5 waves on the weekly timeframe
and has retraced.
We have completed 5 waves on the daily (creating a wave 1 of Wave 3)
We have retraced the wave 1 of 3 (wave 2 of wave 3 complete)
What is about to come is a Wave 3 of Wave 3 , then 4 of 3, then 5 of 3.
The 4 hour chart is showing a bullish reversal candle
If the 4hr candle closes at (1pm EST) 2...
EURUSD fell as the 618 level failed to hold the price after ECB Draghi signals for more rate cut.
The price is approaching the demand zone created with an inside bar breakout that sent the price soaring and break above a 3-month falling channel.
What's more important now is how will the Fed react during FOMC as the Fed has already signalled for a probable rate cut...