and the daily 21 moving average. This is where we can expect the buyers to step in with a defined risk below the support to position for a rally back to the highs The sellers on the other hand will want to see the
Not only price managed to break above long term bearish daily channel but also seems like price completed a reverse head & shoulder pattern by breaking above the neckline as you can see in the chart. As a result we can expect to have a bullish continuation move at least towards the bearish trendline on red. Pull back to the broken neckline would be most...
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this...
This comes amid lower crude oil exports from Iraq and Saudi Arabia, as well as signs of stronger demand and economic growth in China and China. The current trend of crude oil is bullish, and callbacks are mainly bullish. As shown, the trading strategy recommendation is: buy long positions in batches at 81.2-81.7, with the target around 83-84. If you need...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
We have positiive news from Japan, this bearish OrderBlock confirmed sell signal. Risk reward 1:7
USDJPY is churning chart paper just above the 149.01 handle as investors gear up for a central-bank-heavy week. The Bank of Japan (BoJ) is expected to deliver an update on its negative interest rate regime early in the Tuesday market session after Japan’s spring wage negotiations showed the highest wage increases in over three decades. The Federal Reserve (Fed) ...
USDJPY fluctuated insignificantly in the past session, still slowing down before the resistance area of 149.5. This may change today with the BoJ's new policy decision. You should patiently stay outside and observe, in case new notable bearish signals appear, especially on the daily frame. You may consider selling. This selling strategy only changes when the...
Meanwhile, the markets are still pricing in the possibility that the Fed will begin its rate-cutting cycle as early as June. This, along with ongoing geopolitical tensions, could offer some support to the safe-haven Gold price and help limit losses. Traders might also refrain from placing aggressive directional bets ahead of the crucial two-day FOMC policy meeting...
NZD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
We have identified a brief confirmation on the AUDJPY H4 chart. The bearish order block (OB) has been retested and confirmed. Now, it's time to renew the demand zone. Risk reward 1:5
Gold has been moving just as I want it. The EQUAL LOWS at the 2153 area have been broken. Now price is retracing just as expected. ........................................ Price is king. ...................................... Kindly join me on TikTok @smcsmartsniper.
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
Monday's trading, NZD/USD remained largely unchanged around 0.6084 while the pair showed ongoing sell-off pressure. However, subtle hints of an imminent near-term reversal are beginning to show up on the hourly chart as bears may step out to consolidate their movements
In light of the upcoming Reserve Bank of Australia (RBA) meeting, the expected cautious approach of the central bank could act as an important contention zone for the AUD, as investors see the bank’s forward guidance to remain unchanged as well as its mention that further rate hikes should not be ruled out. It is worth mentioning that the RBA remains
In this live trading session video,we look at current live open and closed positions on BRENT,GBPUSD and EURUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
We have identified a new Order Block on the GU H1 chart. Although this demand level is not particularly robust, we can consider entering a long position with low risk. The risk-reward ratio for this trade is 1:5.