Following the US election that is about to happen, the USD currency was weak earlier today causing the rise in Xauusd, which was a good technical analysis and also a great opportunity for a reentry for shorts The Xauusd retraced back to the BMS (break in market structure) and ready to go for another shorts to clear the equal lows
Here's a simple short term chart analysis on EUR-USD for the day traders. ... We're currently within a channel in a 2 hour time frame. I personally would wait for a buy opportunity on this but you know what they say, take any great opportunity you can get. A buy would be great when we break out from the channel through the mild resistance as we can see clearly in...
Hello traders, it's been a while since I published an idea, well here's one.... This chart analysis depicts my current long term view on EUR-USD. FUNDAMENTAL POINT OF VIEW with the dollar getting weaker by the day as a result of the economic drawdown caused by the pandemic, I expect this pair to soar higher in the coming days, weeks and months. Though this...
I usually consider triangles a good opportunity! This triangle has been mixed with Elliot by the way! Personally I went long for this pair! Anticipating the price to reach an area rather like the high of prior rectangle and more. Put your stop below the right red rectangle! Bests !
Yo Traders, This is simple strategy and looks good with multiple confluences. Price is at very strong support area presently respected on the multiple TF's. On the 4HR TF the RSI is giving us a Divergence indicating that the price will be reversing. Weekly TF also shows divergence on the RSI giving good indication that price may reverse. Looking to go long...
Yo Traders, You can see that NU has formed a symmetrical triangle on the daily TF and is moving within the triangle at the moment. Price rejected from the triangle and has started its movement downward. Price has also formed a rising wedge pattern. Planing to go short once it breaks out of the pattern. Lets wait and watch Thanks Madtradex
Technical indicators on the daily looks good 👍 Tight SL.
Analysis on EURUSD for this current week update
EURUSD moving towards the parallel channel resistance.
Hello Fellow Trader! GBP/JPY bearish formation during Asian session signaling possible test of trend line. GBP high impact news in within the next 2 hours on Claimant Count Charge and ILO unemployment (3 month) which is a leading indicator for the UK economy. Consensus is showing slight increase which would support the GBP/JPY drop. Key Points: - Price holding...
EURUSD moving towards the parallel channel resistance.
CAD/JPY - short opportunity if the above trend line hold the resistance.