So these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours.
This is not Financial Advice only...
So I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up...
Good morning traders, today we bring you our weekly and daily analysis in the GBP/JPY pair, since this instrument has had a great movement during these last months, and it seems important to show you the relevant areas to take into account in case you have bullish positions.
🔸First of all, to talk a bit about the context, we see that this big bullish momentum...
Good afternoon traders, today we bring you our daily chart analysis of the USD/CAD pair, as we believe that it is preparing for a big push in the bullish direction.
🔸First of all, it should be noted that the trend is bearish. We can see this with the trend lines that form the channel, as they are perfectly respected.
🔸Last week the price faced a strong support...
Teamviewer AG buys upskill.
Teamviewer continues to expand its business. Positive news that could boost the share price in the short term.
From a chart perspective, Teamviewer is in a range. In the last few days, however, there has been an increase in volume, which reflects great interest in the share.
After a clear pinnbar and the move above the conversion...
Good Wednesday traders! Today we bring you our daily view of the AUD / USD pair.
🔸As we can see, the price is in a clear uptrend, which can be marked with an Ascending Channel.
🔸Throughout the last month, the price remained in a corrective phase, and we can draw a flag pattern.
🔸Right now, it is trying to break the pattern to the upside, and if this happens,...
The Fibonacci on the left tells me that price retraced the "resistance" up to 50%. The Fibonnaci on the right tells me that (based off the new potential support zone) that price should retrace up to the "new resistance" anywhere between 50-61.8% or more. Let's see that happens.
I use the 50% - 61.80% for me because price moves three ways and i never feel like...
Yep.. out of nowhere.. Here it is. A DOGE / USD - Scalp Long Setup with a potential of +50% gains
I closed my shorts & switched back bullish (at least very short term)
This bullish scenario would invalidate the previous 'Sudden Drop Protocol' idea, of course!
Let's see which one plays out. For me this one just became my primary count.
I'll keep you...
Good morning traders, today we will analyze the NZD / JPY pair in both daily and 4H charts so that you can see what we expect in the short term in this instrument.
🔸First of all, we want to mark that for most of the year 2020 and so far in 2021, the NZD/JPY is in a strong bullish movement.
🔸It recently broke a strong Resistance zone, and retested it last week,...
Gold has been seeing some very clean moves to the upside over the last few days, consistently making LH and HH. As of today, gold has broken a major area of resistance @1860.400 area that I have identified on the Daily timeframe, this level is a very well respected area. The fact that the level has been broken shows huge potential for a further move to the upside...
Details in chart.
Price is currently in a support zone. Good time to buy in... COVID is clearing up slowly very slowly but very slowly but slowly surely. Will it test 50% of the last peak? I think that this is the move to consider.
What do you think?
Possible Setup Taking Place on AUD/JPY
Pull back within overall trend, retrace to
a strong fib zone, if counter trend forms,
and trend line holds. Entries on the breakout
or a HL retest!
Price is slightly overextended! A strong
counter trend may take place upon
break of trend line
*Ignore the small note haha its for a new
Same thing as the previous idea. GBP should be really strong after the Brexit deal was sealed. Technically this pair just broke the trendline with a beautiful retest. If we can have the price to break the blue line I will be looking to enter long.
Price is in a support zone. Price dipped down to this zone 4 or more time since '19. Furthermore, price bounced up 9 times to the 1.65537 threshold within that same time. Long term hold. Using small lot size.
Price hasn't hit this low since '14. I'm taking my chances on this one. On the weekly I think I see a BAT pattern as well. Price is way oversold at this point. I'm going to ride the RSI to the top of the weekly using a small lot size. This is a long term hold for me. I'm getting comfortable. See you next year.
🔸4H CHART EXPLANATION:
🔸This pair has been on a huge corrective move for the last months.
🔸Our view is not ready yet, but we are waiting for a bullish breakout of the Ascending Trendline.
🔸If that happens, then we will look for a corrective move to get involved.
🔸The bullish target is the Resistance Zone.