I see after downtrend strong momentum cumulating on actual zone. I think market go up after litle correction.
I see weaknes at double top level on D1, and i think market gonna drop becouse of low equity and strong up before.
I see weakness at 1.04058 and in my opinion the weak support gona brake. I prefere see market going down at this situation
This is a daily chart of the #US30 taken this morning. It's important to note that today ties the longest run of the year without the daily bar testing the 20 day moving average. Back in August, it ran away for 24 days, ultimately to come down aggressively on that day to touch/retest the average. Today, we're extended yet again by 24 days and traders are aware...
I think market gonna brake top resistance level becouse of lot buyers at this zone.
In my opinion market is gona go down becouse of not seeing much buyers active. Im looking to take a sell on it.
EURUSD and GBPUSD are making short-term bullish bias before the next big drop in this case we are finishing the wave C correction move. USDCHF and USDCAD are opposite to what the XXXUSD pairs are doing meaning we are making short-term bearish moves. But on the USDCAD we are making a wave 4 pullback before the next drop and on USDCHF we are in a leading diagonal...
AUDUSD is in an impulse move in the downtrend direction. Few ways to identify an impulse move - waves 1 and 4 shouldn't overlap, and wave 3 is never the shortest wave compared to waves 1,3, and 5. It's clear that we will soon see a sell-off to complete the fifth wave.
Eur/Usd, went short after 5m shift candle (engulfing). Bearish trend, Liquidity done and retested. Let's see how it plays out.
We have been dollar strong for a while now, we are trading in an impulse move so it's safe to say the bullish trend/ momentum will last for a while. We are in a 4th wave phase which is a triangle pattern, which is incomplete we still need to see wave D to E form. A different view but still anticipating the same direction would be we are finished with wave 4 but...
Price is trading in a bearish trend it's safe to say we will continue selling off but we could potentially see a pullback before the sell continuation.
USDCHF will most likely continue to rise meaning that the main objective is the Bullish direction, I wouldn't consider taking the countertrend move even though it's optimum but not worth it. It's safe to wait for a Triangle correction pattern completion before buying still keeping in mind the fact that waves 1 and 4 never overlap.
Price is in the first two phases of an impulse move, it would be wise to wait for the wave 2 completion before considering the rally as wave 3,4 and 5. Wave 2 in this case its a Zig-Zag Correction expecting it to reach onto the 78,6 Fibonacci level. If price does definitely reach that level that would offer great entry points for wave 3 rally.
EURCAD is in an interesting situation where we have alternative scenario, where in the short-term they are indicating the same direction but in the long-term are different. The idea is we have a zig-zag correction and also a leading contracting diagonal pattern. Zig-Zag correction pattern we will see price break below previous low to make new lows, suggesting...
Looking at long positions on EU to claim the BSL sitting above as we have claimed a lot of SSL and I think a pullback is due entry is based on the 15min FVG Fill and SL is just below the SSL and PL. TP is the first major BSL risk reward is 1 : 3.16. Please give feedback
1:3 Risk-Reward Ratio. Lets see how it plays out. Premium, NY Open manipulation, VWAP
Price has been trading bullish for a while now, price has formed an Ending contracting diagonal pattern on the bearish direction. More likely we are on the bigger impulse move correction. Ending Diagonal patterns signals the end of a trend and occur on wave 5 and C. The bearishness will still continue for the next couple of weeks.
GBPUSD has been trading in a bearish trend for a long time now and its safe to say as we broke the 1.14010 low. But on the 4 hour timeframe we saw a complete clear impulse move which all guidelines are not violated so we can possible expect a correction to the upside in this case I wouldn't suggest an impulse move up as we realise overall we are in a strong...