AUDCAD on a uptrend in H4 timeframe with bullish channel. Above the upper Higher High there's a daily down trendline working on. Daily down trendline working as a dynamic support level. We are hoping a reversal of a down trend to major support level. We are waiting for structure breakout of Lower High level and a valid retest of it.
Greetings everyone! I'm a first time trader and I'm just trying out this new strategy using Hakashi & RSI Indicators. Let me know what you think.
I will make a multi time frame analysis to give you an idea of what the price could do next Monthly: The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon. Weekly: The price is also over extended. In the weekly we can see also that the...
Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast:...
In last weeks KOG report we said we would be bearish on Gold and target the lower KOG targets as long as the price stayed below the 1830-35 price level. We said we were expecting Gold to create another high on the chart higher than the week before. We said we would be looking for the price to open and test the low then begin the incline into the higher...
As I analysis using BBMA. My strategy is like this: D1 is reentry sell. H4 is extreme (you can see double top here). So you can take your trade and put stop loss above previous high. Happy trading. FX:AUDJPY
Here we are in the B1 Semiannual, with the price that has gone into double maximum, but I firmly believe that this level will be broken. We are close to the closure of the annual (March 15th) and I believe the price is making the last sprint towards a new relative high. If we project the last short uptrend by calculating 38.2% as the second restart point, we...
If price pushes into this zone and rejects ill be looking to take a short with tight stops above If previous support turns to resistance we also have a lovely Fibonacci confluence zone GREAT RISK REWARD OPPUTNUITY IF IT SETS UP CORRECTLY
When it seems to arrive to the point, it sh*ts oneself from fear. Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions. For now we are in profit with both positions, I do not rule out a retest of the MML at...
Overall, EUR/JPY is ranging across. Currently, EUR/JPY is testing to break above the key level of 132. Its next support zone is at 131.500 and the next resistance zone is at 134.000. Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 132.
The market has Broken through the Resistance Trendline, retested it, and is heading upward to Profit Zone Indicated.
Here is our trade in m15 that goes towards the target on 50% Fibonacci, and we consequently move to accompany the trade, that is, raising the Stop Profit and also the Take Profit. Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback. We moved the Take Profit to 61.8% to 1.1347 I left the MML H4 to see where the...
Good morning trading besties, I know it's early, but as they say the early bird catches the worm. In the world of forex analysis I am updating you on how price has moved since last night. I believe this is important because the price can move drastically overnight from Sunday to Monday. I won't bore you with written detail so watch this quick video. Hey trading...
The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up: 1. Look for a new high in B1 to enter the 6-month short 2. Breaking down MML, price that is lost in the void, MCS that is neutralized...
Weekly Long trade on USD/SGD Nice Outside Bar formed on the weekly looking to Long Enter @ 1.35213(retracement to 61.8) SL @ 1.34615 TP1 @ 1.36781 TP2 @ 1.37379
KOG REPORT: In last weeks KOG Report we stressed we were still bearish on Gold and were looking for the higher levels to short the market. We mentioned we were looking for more bullish movement targeting the higher resistance levels and would be using the lower support regions to go long before then taking our short positions from the higher resistance levels. ...
Hi TRADERS this is my trade set up for the GBP/USD for the new week ahead GBP/USD pair is still in a bearish trend, it is consolidating at moment, getting ready for next move down, I think it will continue down now into my order block zone, after break of triangle watch for a retest of area before taking a sell trade This is my analysis only please trade with...
Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area. A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot. I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for...