We've been in a bullish channel for a good hot minute. From the 4hour chart, it looks like we'll remain in the channel. But there are signs that this move is starting to get a little shaky on the daily and weekly chart. So gonna keep an eye on this pair to see when the big drop is gonna happen. Otherwise, my swing trade outlook goes to the monthly SR level at...
GBP/USD price is after a nice rally, as we can see there is a CCI divergence which indicates a possibility of reversal opportunity coming soon. The support zone below is the confirmation zone, if the price will breakout this support I'll look for price action for sell position. The target will be the demand below.
GBP/USD is in amazing rally for the last 10 days, For now, I prefer to look for a reversal signal. If the price will breakout the support below it will be the signal for changing momentum to bearish, In that case, I'll look for a price action setup to sell GBP/USD. In addition, there is a significant MACD divergence which indicates the buyers running out of...
As we can see on the H1 chart the GBP/AUD is between two critical levels. The supply above is a great level to sell GBP/AUD and the demand below is a great level to buy. BTW - if the price will break out the demand below it will tend to reach the demand at the bottom. In that case, we can look for a sell position until the price will reach the demand at the bottom.
As we can see on the M30 chart, below there is a fresh demand, It is a great level for short term buy position, It's only for the short term since on the higher time frames the momentum is bearish.
GBP/JPY has a significant rally in the past few days which changes the momentum to bullish. Therefore, as a long term forex trader, I'll to buy GBP/JPY, In the M30 chart, there is a CCI divergence confluence with a fresh demand, that create a great setup to buy. If the price will breakout this demand I'll look to buy again in the lower demand which we can see on...
On the H1 time frame, the DAX seems to be bullish, But if we take a look at the higher time frame we can see it is only a technical correction. The fresh supply above is confluence with Fibonacci 61.8% which creates a powerful setup to sell the DAX index. I'll sell at the moment the price will touch the supply. The target will be 11.700 zones.
The USOIL is between two critical key levels which are great levels for short term trades. The supply above is a great level for sell position and also seems like a Quasimodo pattern, The demand below seems like a great level for buy position. Both opportunities are referred to short terms forex traders.
The EUR/USD price is bullish for intraday traders. However, on the higher time frames, we can see the price arrived into a fresh supply which can turn the price Back to the bearish zone. The support below is my confirmation if the price will breakout the support it indicates the price tends to reach the demand below and Therefore I'll look for a price action...
USD/CAD price performed a symmetrical triangle pattern on the Monthly chart. The price range becomes very tight, it seems that very soon the price will have to pick a direction and to break the pattern. It is very rare to find a triangle pattern on the monthly chart, If the price will break the pattern toward up I'll look for a price action setup to buy...
JPY is picking up a little steam for the week. We have a bearish harmonic that's gotten some respect around the end of last week. But how long will it be respected? Let's find out. You should be looking for sells in JPY pairs this week. BEAR TPS:] after pullback 107.487 107.353 107.192 106.924 106.639 BULL TPS: 107.802 108.060 108.300 108.635
US30 moved some but is still stalling for the next big move. Not looking for anything major to happen until later this week. When it does, we'll know which way this thing is really going to go to start October off with a bang! For now, I THINK this teacup will remain respected all the way to market structure at 26438 at least. Or show a but-ugly range back up to...
Last week, the Head Neck and Shoulder formation was formed and technically we're still sitting at the neck. All I'm waiting on this week is to see will the pattern be respected and the bear run continues, or will he hover and return back to the monthly at 1537.30 before we know the true move? My TPs are below. Will try to update more when each one hits. BEAR...
We had a nice trendline rejection last week, which would've broken the bear trend if it kept going. But we still have a chance this week for that to happen. Solid support from the monthly zone of 80.566 means we should continue for the long. We'll just have to wait and see. As always, the TPS are in place for whichever the market goes. I hope it's up. BULL...
So the bearish harmonic is still being respected. A new month means new momentum is coming, so I'm still looking for this to keep ticking back up pretty soon. So I'm going to enjoy the ride until it continues on its bull run. BEAR TPS: 132.171 130.790 (weekly SR level) If it breaks and retests the weekly, I'll add new TPs for the short. BULL TPS:...
The gold price is just about to reach the fresh supply above. It is a great supply for sell position, If we look at the D1 chart we can see that the price has performed a head & shoulders pattern but didn't complete all pattern yet. If the price will react to the supply above and move down from there it will complete the right shoulder and all the pattern. This...
For the swing traders among us, I marked the demand below which is a great level to Buy GBP/USD as a continuation swing position, Buy at the demand and the target will be 1.2680
I'm beginning to backtest US30 since its the hot currency pair to trade in my circle. So I'll be posting trades I am currently practicing with all TPs to get adjusted to it. As you notice, I can only trade this thing on the 4hr. moves to fast for me on lower timeframes. Consolidation happened at the monthly high. This is the 2nd time price has visited the...