Hello traders! USDCAD is currently on the rejection line 1.30760. We can clearly see that this pair is making a repetitive behavior. I will be waiting for a reversal pattern on the upper TL or on this rejection line & will wait for a broken structure to take a short position. Patience is key. #THEPRIMES
Hello Traders ! As you can see, USDCAD has a repetitive behavior on the upper trend line on the daily chart. On the lower time frame (4H, 1H) I will be waiting for a continuation pattern for more downside. If the price went higher, I will be focusing on taking a reversal pattern on the upper TL. #PATIENCEISKEY #THEPRIMES #SIMPLICITY
Hello traders! Lets talk about USDCAD . Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present. Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price. When the price moved lower, it formed a bearish flag and I...
USDJPY Looking amazing! The price reached a mass psychology at 135.179 area. Since the price approached this area we saw an ascending channel / correction signaling a downside gravity. If the price move higher, we will be waiting for the 147.728 area (Highest mass psychology) and execute the short from there. WHAT IS THE CURRENT PLAN? Will be waiting for...
Hello Traders! USDJPY looking amazing! Currently, the price reached a mass psychology since January 2002 at 135.117 I will be focusing on my short position in this area + waiting for a reversal pattern to execute. (The reversal pattern could be a rising wedge or ascending channel). Always wait for the breakout of the pattern to enter the trade. #Theprimes...
EURAUD setting up for a bearish opportunity. Watch lower time frame for bearish price action, there could be opportunities for further sells.
Gold making its bearish trend now its point is 1970.05. Our first target is 1921.00 after this its makes an upward trend to 1938.00-1949.20 than its starts again follow the bearish trend till 1872.30. Best entry point is 1979.00 and after that 2025.80 Must Give your Feedback Thanks .
The idea shared is an analysis of GbpJpy for a mid term swing. Fundamentally, we are expecting news releases from the United Kingdom next week that would make impact on the British pounds. For now, the retail sales of Japan which was released last Monday is a good driver for the Yen. Sentimentally, as the UK is still faced with inflation and political tension,...
The idea shared is an analysis of EurUsd for a mid term swing. Fundamentally, The Usd has shown strength owing to the recently released NFP reports. Next week will usher a series of News releases which hopefully will further boost investor confidence in the US economy. Sentimentally, As Europe experiences hard economic sanctions as a result of Russia's...
This is an analysis of Euraud highlighting supply and demand zones, advanced price action, resistance and support levels and my very own trick statistics approach to the market. As shown in the screenshot, Price is approaching a weekly demand zone from a supply zone having broken a support level marked by the moving average which acts as a dynamic support and...
This post is totally for educative purposes. Last week was sort of a war in the financial markets as there were lots of news reports that made very huge impacts in the markets. as investors digested the news. This is currently where eurusd lies . Before this move, the bulls had full control of the markets. If the demand zone below is broken, eurusd may go further...
This is an analysis of GbpUsd for the coming week. Technically, Gbpusd has been in an overall downtrend printing lower highs and lower highs on the charts. recently, the price made a lower high from a demand area as shown on the chart approaching a resistance level as the BOE increased interests rates from the fundamental stand point. Irrespective of the rates...
Forexfactory reports that at 7 pm on Thursday there will be a big pump in GBP/USD due to the "Asset Purchase Facility" carried out by the Bank of England: after a fairy short Retest we can see if there's a break on the resistance of Fibonacci Retracement, its also mean the "BIG PUMP NEWS" is gonna be happen soon.
GBPJPY longed from the pullback trendline Combo
this is a trade ive taken on GBPJPY and i am planning to ride the pound down to the demand levels i have also used larger time frames to do my analysis but this is the result and if you'd like me to explain the trade in more depth and detail just comment down below. simple price action rejection and retest strategy used i have seen very good results with with...
T1 is the most important trendline on AUDUSD. When price will cross this line you can buy until Target 1 and than Target 2
T1 was crossed back in US session on Friday, but analysis and forecast is still same. Short can be more powerful. I think technical analysis is simple and complete, no more focus on fundamentals. Q/Q GDP of Japan of quite positive today regardless pandemic issues.
more chances for completion of the H&S pattern