Hey guys hope you doing good. As we can see EURNOK MN demand is tested by the price and after all price just broke the descending TL on our entry time frames so its time to go long. Here we have got a very fine area to trade. Minimum we trade that as per its height. So good luck
So i had FX:EURCAD short open from last week. This week's price action shows signs of further drop to be expected as well as an opportunity for re-entry. *DISCLAIMER* Not investment advise. only trade confirmed setups
Analysis: Bullish Confluences Recent change into a bullish trend (HH formed) Retest of a key level Falling wedge pattern 3K short position decrease for the NZD 4K short position increase for the CAD Bearish Confluences NZD is the 5th strongest major currency whereas the CAD is the 4th strongest major currency 9K long position increase for the CAD ...
Hey Everyone, We competed our targets on the 1H chart and navigated the movement down, buying dips from strategic levels, like our swing range to catch the perfect bounces. We now close off the week with our 4H chart update. We can see price broke out of the channel and tested the retracement range we highlighted on the chart last Sunday. We stated a cross and...
Hi Traders! Forex Weekly Recap for 07–11 August, 2023: Fundamentals The Bank of Japan (BoJ) released its latest Summary of Opinions from their last monetary policy meeting on July 27th and 28th. The key notes were: One member said there is still a significantly long way to go before revising the negative interest rate policy, and the framework of yield curve...
Dear colleagues, I anticipate a minor correction towards the 38.2% - 50% Fibonacci retracement level at 0.86182. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello Traders, EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there. On the 1-hour chart, you...
See Picture For Analysis. -With price inside daily supply I like the idea of looking for shorts on LTF.
Hello Day Traders, I come bearing bearish fruits. This trade is simply a continuation of the bearish trend. Looking at the daily chart, you will notice that the price structure in the past couple of days is bearish. Also, there was a price manipulation to the bullish side yesterday. This is very visible by just looking at how yesterday's candle closed. My...
By examining gold in the weekly time frame, we can see that the price after falling to $1893 was again accompaind with growth and was able to grow up to $1988! Pay attention that the range of $1977 to $2016 is a very important supply range! For this reason, in the last 3 weeks, the price is showing a negative reaction to this level! It is very important to...
By examining gold in the 4-hour time frame, we see that the price is still trading in the range of $1932! I have specified 2 scenarios on the chart, in both cases I expect gold to fall more, but due to the extreme fluctuations that will caused by the announcement of NFP changes, moves may be made to collect liquidity, so be careful! The ranges and important supply...
EURCAD is trading at major resistance from 4H time frame. From 4H resistance zone price is showing some good bearish momentum seems like bears were waiting for price to be in this zone . Will the bears attack strongly on this area and send price to lower side?
Hi Traders! AUDUSD is nearing its 2023 low at 0.64583. Looking at the price action on the 1D chart, our bearish stance worked well, and since the double top pattern was established, the market has been on a downtrend with no upside relief. Yesterday we had a huge upside rejection candle at 0.66170, which we have highlighted on the chart. This is now a resistance...
Preferred direction: SELL Comment: The currency pair did not immediately make money on a short trade, as we noted earlier in our instrument idea. However, the sell priority remains. A drop to the level of 1.09000 is expected, where the support is located. From this support, just like from the level of 1.08485, the medium-term trend of the Euro will depend. ...
On the H4 timeframe, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1.3380, which is in line with the 61.8% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1.3580, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above...
Hi Traders! There is a potential triangle breakout opportunity here on the GBPUSD 4H chart. We are looking for a momentum break and close on either side of the triangle. To the upside we have resistance at 1.27922 and a momentum break and a close above this level we have a target at 1.28499. To the downside we are looking for a break and close below our...
Hello traders, we want to check the GBPAUD chart. After breaking the ascending channel, the price is moving in a downward trend and has pulled back to the specified key level. We expect this level to act as a resistance level and cause the price to fall further. . We expect the price to fall to around 1.93400. Good luck.
GBPCHF The price is in the strong support zone. 1.11072-1.10578 If this support still works well Expect a chance of a bullish reversal, buy the red zone, targets 1.11708, 1.12500, 1.13923 and 1.15029. >> GooD Luck 😊