First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said support outweighs the resistance. I am currently confident in growth correlation for this Forex pair and the target can be met for a quick profit turnover. I think the current market pattern feels obvious, and if you traded...
Hi, Criteria: 1. Confirmed Double Top - bearish chart pattern 2. Neckline retest 3. Trendline retest 4. The orange box marks a strong area - only powerful candles managed to break this level. 5. The round number 121.000 6. Fibonacci retracement 38% 7. 4H EMA200 8. Weekly "Bearish Engulfing" Do your own research and please, take a second and support my effort...
Hi, AUDUSD has started to reach to the high-probability short-term reversal area. The price increase has been pretty amazing so, a bearish candlestick pattern inside the marked area is definitely needed. Criteria: 1. 2x AB=CD 2. Channel projections crossing area 3. 2018 low should act as a resistance 4. The round number 0.70000 5. Fibo Extension and...
Hi, EURNZD has been quite a good trading pair with a high success rate. Buy criteria: 1. The trendline 2. The round number 1.68000 3. AB=CD 4. 2014 high should act as a support level 5. Fibonacci retracement Golden Ratio 62% 6. Fibonacci Extension 161% 7. Previously worked support level. 8. Possible RSI Divergence 9. Wait for a bullish candlestick formation...
Hi, We might get a short-term buy opportunity if you have seen a bullish candlestick pattern inside the light-blue area. Criteria vise there is nothing special so definitely wait for it, criteria: 1. 2x AB=CD 2. The round number 3. The trendline 4. Invisible trendline :) 5. Strong area - previously worked as a support and as a resistance level. 6. As said, wait...
The pair is on a strong 1D uptrend since it found support in September on the 1D MA50 and is close to the overbought zone (RSI = 71.170). Yesterday it peaked at 75.000 which is where it was rejected on September 20th. Moreover yesterday's rejection took place on the 1M 4.7825 Resistance, which is holding since late January 2019. As a result we are expecting a...
Pattern: 4H Channel Down. Signal: Bearish only if the 1D Higher Low support line breaks downwards. Target: 4.1500 (1D Support).
looking here at eursgd daily chart. supply/downtrend. looking at a weak eursgd chart and a good opportunity for selling.
Pattern: 1D Head and Shoulders on a positive gradient. Signal: Long on the formation of the right shoulder. Target: 9.95100 the neckline's high.
Pattern: Lower slope Channel Down detaching from the 4H Channel Down. Signal: Short on the common Lower High. Target: 1.34680 which is the emerging Channel's LL.