The Euro started its journey trading inside this Descending channel in 2008.
Respecting the top middle and bottom of the channel as we descend further
down some 13 years later .
I have pulled some fib levels above and below as well as the POC which is 3% off the current price .
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USD trading inside the Ascending channel and currently at the Mid Point
will it be a break to the upside or a pullback /
FIB levels marked for Upside resistance and downside Support zones .
Always know your invalidation and have a trading plan
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how are you?
I am at your service with a good analysis.
I think there is still growth potential and I think at least this growth can be 0.96 and I guess if the long-term trend line is broken, it will reach the mentioned value very well; I see a high probability in the coming days. what do you think?
(To avoid cluttering the chart, I deleted the Ichimoku...
We are in a correction process and we at least expect this correction to continue at the 78.2 Fibonacci retracement level.
I will be happy for you to guide and support me with your valuable comments.
In this chart we are in pullback trend to the buy zone area then the downward trend is continuing
Dont forget put stop loss then Tp and watch
the trend is changed and we are only the short position we take position according to the trend
We should check the news and fundamental for continuing the downward trend
we will update it next week
🌟another request for our generous donator, this pair has trapped in a descending channel and there is a good opportunity to get a 100 pip profit out of its movements ins SELL position
👉This idea has the confirmation of "advanced price action" 👍
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I backtested @FXCM 's ideas 100 times with several strategies.
This research contains:
(1) If it is worthy to buy cheaper than @FXCM 's signal.
(2) If it is worthy to hunt @FXCM 's stop loss.
(3) If @FXCM 's signals take profit too quickly.
(4) If the price approaches @FXCM 's target, will it go back to buy entry?
There are 5 strategies in this test case.
As you can see, USOIL value has increased since the end of 2020 and it has reached 65$. The commodities price action shows Bearish Divergence with MACD.
USOIL retraces to Fibonacci 38% and Fibonacci Golden Zone and if they support, then bounces from them, hence the price moves toward the levels of 65.83$ and 76.00$ and ultimately the higher...
As you can see, USDJPY is consolidating and accumulating above Fibo golden zone.we think that the price might shoot for the 1TP then perhaps higher levels which are specified as the further targets.
Short setup depending on your appetite for risk you can
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for...
Clear trend presenting itself with the US dollar vs Hong Kong Dollar
With most of April crushing the USD it appears we are now turning the tables
with a curved bottom and a clear uptrend painted thus far for this pair.
I have outlined the green box for LONG entries which is sitting at the point of control
with a fib pull from previous swing high to low...
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618...
The EURJPY has been in an uptrend since 13 Dec, 2019. As shown in the chart, the market seems to be in a very large rising wedge which is already getting squeezed. The price is almost at the monthly Trendline Resistance, I am very Bearish on this one and I am looking forward in closing the market with my outrageous stake :). Chill! Use your risk management...