EURUSD is neutral on the 1D timeframe (RSI = 45.323, MACD = 0.002, ADX = 35.660), trapped inside the 1D MA200 and 1D MA50. We have grasped the bearish momentum ever since before the November 29th High, which as you see in the past ideas at the end, gave us the best short entry possible. Now with the Fibonacci retracement levels of the eleven month Channel Down...
USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a...
In this live trading session video,we look at closed positions on gold and Brent and open positions on currencies and potential trades coming on Bitcoin,US30, etc and the thinking behind them.
Hello traders ,what do you think about GOLD? Gold fell to the 1995 zone last week with the release of NFP data, and the price of gold closed below the upward trend line. In the coming week, after the pullback to the broken level, it is expected to fall at least to the specified level If this post was useful to you, do not forget to like and comment.❤️
Hello traders ,what do you think about USDJPY? Last week, with the news from the Bank of Japan about the change in the expansionary policies, the yen became extremely strong, and this currency pair fell to the 142 zone, and the price closed below the upward trend line. It is expected to fall to lower levels after the pullback to the broken level. It is better to...
H4 CHOCH, retesting the demand zone, price swept the asian range liquidity with a strong rejection wick. Entered wit stop loss below IPE zone. Targeting the next high of the structure, good luck traders!
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
EUR/USD rallied vigorously last month, but has sold off in recent days, with prices slipping and closing below the 200-day moving average last week – a bearish technical event. If the pair deepens its pullback in the coming days, a retest of the 50-day SMA could come any minute. Continued weakness may shift focus towards trendline support near 1.0620. Conversely,...
EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
Looking and analyzing over GBPCAD I have analyzed thoroughly we are looking at a potential downtrend for these next few weeks. I have been looking at GC for a while and think it is time to short it all the way down. Please enter with proper risk management when trading and please follow our TV (Trading View) page for more free signals, analysis, and as well posts...
EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
Yesterday, gold prices edged higher to $2036 in the Asian session and then fell rapidly to around $2017. After gaining support, gold prices rebounded to around $2025 and finally closed with a small bull candle, which also ended the 2 consecutive declines. The market began to stabilize. Investors who want to go short need to be cautious and should not chase the...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
Hello traders, I'm following and observing AUD/USD price movement over a period of time and this setup makes a lot sense to me based on my research as it has a high probability. Ofc there is an imp USD news today but we assume the price moves in our favor during volume time. Hope it works! Stay safe
GBP/CHF Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I...
Today's focus: CHFJPY Pattern – Ending Diagional Support – 167.50 Resistance – 169.40 Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart. Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the...