EURUSD - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURUSD Entry Level - 1.0951 Sl - 1.0921 Tp - 1.1008 Our Risk - 1% Start protection of your profits from lower levels
GBPUSD formed a tiny double bottom pattern after a test of a key daily horizontal support. The neckline of the pattern is now broken and for us it is a very strong bullish signal. I anticipate a pullback at least to 1.2677 level now. ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed small Bearish around 2059.100 leaving a huge Rejection to the upside as price tapped into Daily Resistance formed on Thursday 28th December 2023. – Buys on close above 2066.300 targeting Daily and Weekly Resistance formed on 4th December 2023 around 2072.000, Leaving Runners to the Daily Resistance formed around 2077.500. – Sells on...
ZOOM OUT, GO TO THE BIGGER TIMEFRAMES, THANK ME * LL LH * Pullback wave * trend = bearish
We had the wrong thought and were in the opposite direction which is okay because that trade was not taken. Due to low confluences and a weak RR, so technically we were correct in our analysis but wrong in our forecast.
Helo students and traders. Here is a quick top down analysis on the EURUSD. By way of summary, we have come to the realisation that this pair is Bearish on the Monthly, Bearish on the Weekly, Bullish on the Daily and 4 hour, while holding a clear bearish perspective on the 1 hour time frame. Because we believe in trading the smaller timeframe in the direction of...
Here is the short version of the sell bias which will also prove that we are still going down. It is not a trade will be looking for as the RR is not in my favour. None of my triggers have been hit. I will wait and watch, because I have running sells with GJ I don't want to have a bias. I want a clean and clear reason as to why I would take those sells, not just...
142.00 Most important number here. Whatever happens here will determine our next move. This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back. - We need a long rejection to confirm - We have what is forming a double bottom (only 1 confluence) - More candlesticks showing slowing...
Hello my friends, how are you doing? I hope you will fulfil your ambitions ❤️❤️❤️ Today, I want to talk about EURUSD. What a chart! wow. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Don't waste time and Let's go into details...
The EURUSD has been pushing bullish for a while now. On the Weekly chart, we see that the market has been in a down swing that started on July 17, 2023. The market dipped to form a low at 1.0446, following which it began to retrace bullish on October 4. Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were...
This went well. Double top where both almost knocked out the trade. What it showed is that, that zone was highly sensitive and a great place to have a sell stop and place 2 more trades.
EURUSD is testing a wide daily horizontal demand area. The price is currently ranging on an hourly time frame. A bullish breakout of the resistance of the range - an hourly candle close above 1.1085 - will be your solid bullish confirmation. A bullish continuation will be anticipated at least to 1.1106 level then. If the price drops lower, the setup will...
– Previous Daily candle closed strong Bearish around 2065.300 forming Daily Resistance around 2077.200 as current Weekly candle retraces respecting recent Weekly Resistance formed on 4th December 2023. – Buys on close above 2069.000 targeting 4h Resistance formed around 2075.000, Leaving Runners to the 30min Resistance formed around 2080.000. – Sells on close...
Let's keep looking at the US #Dollar again. Weekly, the RSI is still forming a Positive Divergence. Daily, TVC:DXY is also forming a Positive Divergence. It's also oversold. These are the 1st signs of a POSSIBLE turnaround for the currency. It's still early but those that are open to risk COULD initiate an opening position that could turn out interesting....
Financial conditions have eased significantly in recent months. Pundits toss around that term haphazardly, but there are actually a handful of specific indicators that determine how loose or tight financial conditions in the domestic economy are. Of course, the Fed Funds rate is crucial to interbank lending and the corporate fixed income space along with where the...
The U.S. Dollar Index (DXY) has started trading within a Channel Up pattern of Higher Highs initially since the beginning of the year (2023). The price is at the moment almost on its bottom, which will be the 2nd Higher Low since July 14. Since the October 03 top after which has entered the corrective (bearish) leg, the index is within a very tight (hence...
Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night. So, we update the condition. Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look...
USDCHF is going lower. Ahead, I see an important zone of confluence. Analyzing a weekly time frame we see a horizontal support around 0.835 level based on the 8 years low. The underlined green structure matches perfectly with a completion point of a harmonic abcd pattern. I believe we're going to see a pullback soon. Watch lower time frames and look for a...