Hello traders, If price pulls down further into the price zone bellow 117.04s it may present an opportunity to go long. We have previous structure around this level A strong cluster of Fibonacci levels and an AB=CD harmonic move. For entry I require a a double bottom with confluence of RSI divergence and RSI oversold conditions which I look for on the 4hr...
Bullish bounce from support with confluence from fibonacci and bullish divergence.
Hello Traders, After recently completing a successful cypher pattern on this pair, we a close to completing a Gartley pattern. If price reaches the 1.272 extension (AB) we reach a D completion. Entry @ 103.55 Target 1 @ 102.65 Target 2 @ 102.10 SL @ 104.15 Please follow, like, comment and share ! www.instagram.com
Technicals ( Bearish ) - Price has just tested resistance zone and showing signs of bearish momentum , the divergence provides confluence. Market is a strong down trend aswell, expecting a breakout of the 8660 area Fundamentals ( Bearish ) - European Central Bank (ECB) signal more quantitative easing, however it is unsure whether this will be effective reducing...
Technicals (Bearish) - Price has just tested resistance zone and showing signs of bearish momentum, the divergence provides confluence. Fundamentals (Bearish) - Increasing speculation around USD rate hike provides more bearish momentum for the pair.
Hi Kingbasho, In response to your comment, I thought it would be appropriate to do this for you. Technical (Neutral): Currently, the bears are in control of this market. I am expecting price to test the 2 support zones highlighted. With regards to the first zone (0.7488 - 0.7505), we could see support here, but I expect price to reach the more significant...
Hello traders, I haven't posted in a a while, however we have long opportunity on the AUDUSD @Market This pattern completed @0.7640 and should serve as a trend continuation opportunity. RSI is also currently dancing around the OS region. Target 1 @ 0.7675 Target 2 @ 0.7698 Feel free to follow, like, share and comment www.instagram.com
Price rejected major resistance zone, showing signs of a reversal this is supported by reduction of momentum in uptrend.
Now going long on the USDCAD after a second bounce off of the support zone with a pin bar as confluence to the bullish side.
We see a slow down in momentum of the down trend and am expecting a bullish move towards recent support zones, now acting as resistance.
Bulls seem to be taking control now as we see the bears losing momentum, confirmed by the bullish divergence. Good time to go long.
Price came down to a strong support zone, we had a double bottom as well as bullish pin bar providing confluence
Similar to our EURUSD trade, we have hit a support zone and expecting a bounce to the next resistance zone.
We have hit a level of support and expecting bullish price action.
Just hit a resistance zone so expecting bearish movement. The double top gives this move confluence
Hello Traders, We are close to completing this gartley pattern @ 1.1246 This B point pulled deep into the 61.8% retracement but did not touch the 78.6% so remains valid. Target 1 @ 1.1292 Target 2 @ 1.1321 SL @ 1.1221 This provides us with a good risk to reward ratio. Feel free to follow, like, share and comment. www.instagram.com
Expecting bearish price action due to hit of major resistance zone with confluence from divergence showing a slow down in momentum. Remaining uncertainty around the GBP creates a bearish environment fundamentally.
This is a trade that has already completed. Bearish hidden divergence was followed by a breakout of support confirmed movement, a continuation of bearish direction is expected however.