Hello Traders ! On The Daily Time Frame, The EURGBP Price Reached A Strong Resistance Level (0.87348 - 0.87190). Currently, The Price Failed To Create a New Higher High. The Last Higher Low is Broken (ChoCh). The Support Line is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.86260🎯
Hello traders! Scenario number 1: The pair is in the canal scheme and in the accumulation area. If the price does not break the level (1976.00), then the pair will continue the channel scheme with the target (1924.00). Scenario number 2: If the price breaks the level (1976.00), then the pair will continue by retesting the levels: (1908.00) and (1885.00). Be...
EURUSD is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 1.07659 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.09431 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement...
EURAUD formed a tiny cup and handle pattern, after a test of a strong intraday horizontal resistance. Because the global sentiment is bearish, probabilities will be high, that the price will keep falling. Goals: 1.6486 / 1.6465 ❤️Please, support my work with like, thank you!❤️
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame. This week, the price formed a head and shoulders formation within its boundaries. Yesterday, the price formed an imbalance bearish candle and violated both the neckline of the pattern and the support of the wedge. It signifies a change of character on a pair and a highly probable...
Hello Traders ! -The EURNZD Failed To Create a New Higher High. -The Price Formed a Triple TOP Pattern. Currently, -The Neckline is Broken. So I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET: 1.78590🎯
Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The market is trading within a wide horizontal range on a daily. The price nicely respected its support and the yesterday's FED decision to keep the interest rates will most likely push the prices higher to the upper boundary of the range. 2️⃣...
EURUSD is neutral on the 1D timeframe (RSI = 52.933, MACD = -0.001, ADX = 25.234) as despite having made a clear bottom on October 3rd, a month has passed and still hasn't been able to close over the 1D MA50. In fact (including today), it has been rejected three times and despite crossing it, it failed to close the 1D candle above it. The two medium term rallies...
On October 2022 the pair broke out a massive double bottom. After that it consolidated for months to break out again. And now it came back to a important support zone. I think that double bottom still active and there is more gas in the tank. Great opportunity to pick it up here. It may consolidate a few more days to shoot up again, I don't know but I'm already...
More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a...
This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside. We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all...
EURUSD is trading close to a pullback resistance and could potentially break above this level to rise towards the take-profit target. Entry: 1.06021 Why we like it: There is a potential bullish breakout level Stop Loss: 1.05905 Why we like it: There is a pullback support level (keep a tight SL for this potential bullish breakout) Take Profit: 1.06454 Why we...
EURJPY is trading in a long-term bullish trend. The price formed a huge ascending triangle formation on a daily, perfectly respecting 159.8 - 160.0 resistance. Yesterday, the pair formed an imbalance bullish candle and successfully closed above the neckline of the pattern, setting a new higher high higher close. It will most likely push the prices to the new...
EUR/GBP is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.86869 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 0.86530 which is a level that sits under an overlap support that aligns with the 61.8% Fibonacci retracement level. Take profit...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 159.764 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 159.281 which is a level that aligns with the 50.0% Fibonacci retracement level. Take profit is at 160.847 which is a swing-high...
EURUSD crossed today under the short term Channel Up pattern but for now it appears that it will close the day back inside it. As long as it does, the trend is neutral. It needs a (1d) candle closing over the MA50 (1d) to turn bullish and under the bottom of the Channel Up in order to turn bearish. Trading Plan: 1. Buy after a (1d) candle closes over the MA50...
So finally, we have come to the end of the 1-hour bearish trend that was based on the 4-hour bearish swing. Remember that our trading Bearish was a counter trade in light of the 1 hour. Even though we were stopped out on that trade, I am sure we have all learned a very important lesson: always listen to the trend and go in its direction. Recall that the 1-hour was...
EURUSD formed an ascending triangle formation after a test of a strong intraday horizontal structure support. Its neckline violation is a sign of strength of the buyers. The pair will most likely keep growing, at least to 1.0678 ❤️Please, support my work with like, thank you!❤️