-weekly ascending channel -weekly higher low made -weekly counter trend line broken -4hr ascending channel -4hr fib found support at 61.80% level however there is a chance of further retracement before going long -4hr target 1 - 127.20%. -4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
Watch carefully at the 1.4350 area over the coming days. A confirmed breakout could see strong euro appreciation.
Short below multi-year key resistance level on Daily bearish price action. Potential Long-Term carry trade opportunity.
There are 4 signs of bearish reversal. -Bearish Engulfing -Bearish Pinbar -Follow by again Bearish Engulfing -Strong break of 20 SMA Find the way to join the bearish trend, possibly on retest of previous bullish channel.
Wait for price action for bearish reversal near 0.95500 - 0.96500.
If price retrace to 50/61.8 fibonacci, great opportunity to join bullish market, ideally among trend line (projection @50.0%), price likely to consolidate at 21.100.
Great short opportunity presence, Head and Shoulder with retested neckline, Inside Bar with Fakey Key.
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
Since Brexit, there are 2 instances of rejection of this zone, the 3rd one was just happening last friday. Expect price to move lower to range 1.10500 - 1.09600.
Quite often i ve been asked here in trading view about the setup i use to enter the markets, something that makes me believe that most of the traders think that a great setup is what they need in order to succeed in forex. Trying to find only the setup into a structure is like missing the forrest for the tree. A high probability reversal zone is forrest and...
This is a Monthly chart of USDJPY, this one has caught our eye the most as it has broken out of a major long term downtrend back in 2014 and since hasn't looked back until now, this lines up perfectly as a potential value zone where big money may look to step in. Technical Reasons: 1. Break and retest of a monthly trend line as support. 2. Key area support of...
Ok, after plugging into the Cypher Training I drew out a pattern for GU two months ago on a weekly chart. This is a daily chart of what I think GU will do. It is going to be nice to watch this play out and see if I'm getting this down or not.
BUY USDJPY @106.5 or @107.0 - SL @105 - TP @109-11 based on: $YEN's historical most important support level - The 105.5 Key level will more than likely hold as it has many times before - At 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart...
ECOLABS - SHORT - RISING WEDGE LOOKS TO BE REVERSING AT KEY REVERSAL LEVEL LOOKING TO HIT THAT SECOND TARGET AROUND THE S1
Steadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern. The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move...
Reasons for -Daily we have Had a nice up move now we have had a to a key level at 1.0000 -Also we have had 3 Dojis in a row -Showing obvious Rejection from our key area at 1.0000 -On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level -Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
Reasons for -Firstly we broke a key bearish trend line not to long ago -As we can see from the MacD we have been making high swings as well confirmed with Price action -This helps me believe that we will continue to see bullish momentum -We Bounced of key level of support at 125 -We got a perfect swing point after the bounce on 125 -Also perfect bullish...
So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut What am i expecting ? Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market. After heavy research into the Fundamental side...