🏛AUD_CAD is trading is a falling megaphone pattern And now the pair has retested it's resistance line While forming a local bear wedge pattern Which makes me bearish and I am expecting the pair to fall With the target being the support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to form a continuation pattern and watch strong price action for buy.
The broader Dollar and index trimmed earlier gains as news flow remained light but as the broader sentiment improved. A pullback in yields further put more pressure on the Buck with some seeing a bullish Treasury quant piece as one of the catalysts at the time. Elsewhere, the data and speaker slate remained spared as eyes turn to the US May CPI on Thursday which...
🏛AUD_CHF is trading in a downtrend And I am bearish on the pair overall Now, we could see how the pair retested the rising resistance And a nice bearish reaction followed That makes me expect a further downward move To retest the nearest demand area SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EUR/USD upside remains active. The pair looks to the end day around its 21 DMA (1.2180) but nonetheless nearer to the top its tighter 1.2146-90 range. Looking ahead, tomorrow’s German ZEW survey will likely gain focus in early hours whilst BoE’s Chief Economist Haldane is ready to make an appearance close to the US cash open. Relatively flat intraday around the...
Here on the Pound/ Dollar (GBP/USD) we have a bearish deep gartley. this just means that the completion of the ABCD pattern that makes up the ABCD leg of the overall XABCD pattern completes past the 786. The pattern completed with the RSI being in the Extreme it came down past the mid line of the oscillator and back to the extreme. it also created a little bearish...
We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities. 🔸First of all, let's talk a little...
First day of the week, the price is still stuck within a higher time frame range, looking to play within. The last few weeks made a bottom wick, looking to rest near that area again.
EURCAD is trading in falling wedge pattern. According to chart pattern analysis, it is forming head and shoulder pattern at current level , indicate bearishness on EURCAD. One can short EURCAD with stop loss and proper risk management system. Thank you Vivek S.
Traders, No matter what your bias in a market is, you must trade what you see. I see that dollar has been forming a double bottom in a demand zone and also has been forming several bullish FCP Patterns along with rejections from the bottom. The higher time frame is also showing bullish signs. So all the downward pressure may just be a short term scenario and we...
🏛In my previous EUR_USD analysis, we saw a conclusive breakout From the rising wedge and a breakout of the horizontal support as well Now, we are seeing a pullback and a retest of the broken level The pair is now trading below a supply area So even if the pair goes higher on the opening I am still bearish and I think that eventually We will see a strong move...
Hello,Traders! The fears of inflation are now the reality, with the official FED number showing that inflation went from 1.6% in 2020 to 4.2% in April 2021, which means that the situation "on the ground" is even worse. Even just by looking at the charts of lumber, copper, and other commodities, while finding out that all the cars in your local dealership are...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.