Euro and the dollar are both in fighting swords with one another, with crazy news beating each other. i believe this techincal formation or pattern could be a spotlight of what the instituional traders are about to do, sell the crap out of it. Comment below your views and analysis, would be highly appreciated. Cheers
Bull Flag on 15M 30M and 1H, also bullish pressure on 1.1470 support. Long trade with 1.1525 target.
After yesterday's close, we successfully completed an evening star pattern at the monthly level of 1.6700 . We broke and closed below the support level and now completed the first extension leg of a Fibonacci pulled from the weekly to the monthly level. Rejection from the 61.8 which aligned with the SMA gathered enough bearish momentum to push us below 1.6700,...
GBPCAD been consolidating on the hourly and four hourly time frame. In addition, it is at a crucial point on the daily, lets see where we are headed for today. Tight SL may jump into the sell if price reacts to the bears.
My re-enter position for xrp/usd
GBP buyers rallied the charts upto 143.500 psychological level. Took a short from there yesterday for a 35pips TP. Today entering at 143.200 after consolidation. Cheers. Good luck trading
Long from 1.1360. Hits demand zone. Focus Tp on 1.14250. Cheers
Simple, on resistance, rejection of pinbar / gravestone doji on 4h (powerful signal) and bear engulf Rail Road Track type, Short until next major support / potential trend line (TL not confirmed until third touch) Moving SL into profits along the way Have your directional bias from higher tf and pick best entry on smaller tf to minimize risk and drawdown and...
Daily- bullish, S/D zone 4h- HH's & HL's. 1h- pennant broke, entry MA's are bullish.
Weekly- huge bullish exhaustion, Bearish engulfing, under S/D zone. Dail- MA's are bullish, bearish exhaustion! but under S/D zone. 8h-Gap, need to be filled? MAS are bearish/ under S/D zone! 4h- LL's, & LH's, under S/D zone! potential double top? MA's are touching (bullish) 1h- MAS are bullish, S/D double top? Even though previous structure is broken on smaller TF!?
Daily- MAS are bearish, Supply/demand (under) 4h- under fib tl, 23.60% consolidation, (under supply/demand z) LL's, & LH's.
Weekly- MA's are crossed over, more buyers, bullish engulfing, 38.20% fib retest. Daily- bullish engulfing. 4h- HH's & HL's.
M- MA's just touched. (bearish), bearish engulfing. W- MA's have crossed. D- MA's have crossed, 38.20% fib ret. 4H- New. LL has been formed, MA's are still bearish. 1H- 38.20%. fib. 30m- Bearish engulfing (entry)
We can see the previous FIB has been completed and that there’s a possibility of a pullback as price has formed a huge Bullish candlestick almost engulfing the previous candle and close above the 108.00 Weekly K.L. Therefore my bias for this pair to rally to 112.00 before we can form our next bias for the pair. IF NOT then price will test the M.As as resistance...
My point of view concerning CHF/JPY , for the next week :) .. wait for a good signal
A voir dans les prochain jour si le prix reprendra sa hausse ou continuera sa baisse.. .