Since the AUSSIE/US DOLLAR are correlated with the AUSSIE/CANADIAN I find it to be appropriate to share both pairs with a similar idea. The Aussie certainly showed very high momentum in price action with a generous push to the upside breaking very respectable swing lows. Last time price used this level as Support we did find price pushing up without hesitation....
The Aussie did break significant historical also recent levels of Structure, what I understand from this is that the Aussie is certainly gaining its confidence against the Greenbacks. I do see how price action is showing us a Bullish triangle of which is very close to breaking out after touching its High and Low lines. I'm prepared for either scenario to come...
After the Aussie/Canadian has been in quite the consolidating market, a great Long Opportunity is being presented. I'd approach this market after price breaks above its key level of resistance, then see our swap level be respected before going Long.
The Euro and UK are in a bit of a tug of war scenario fundamentally, price is struggling to keep itself high above a key level of support. This pair can move either 1 of 2 ways, Price can complete its Triple Top and break below showing sellers are in control or wait for price to break above its consolidation box giving buyers the confidence they need. This area in...
Daily time frame: We saw price breakout of an important descending trend, then saw buyers react in heavy waves at support and saw a daily bullish long lower shadow telling us to watch out for this level in the future. After a push comes an exhaustion and that is what i'm expecting to come after the market opens, previously at this level we saw price struggle to...
Price Action (Technical Analysis): Top-Down Analysis on Bitcoin for this Week, i'm expecting big plays pushing up from Bitcoin with all the doubt in the US Dollar with the Dollar Index not holding up very well and with the Greenbacks economy not at its very best of right now until next month. Fundamental Analysis: None.
Price Action (Technical Analysis): Looking for a Bullish Hammer or Long Lower Shadow in the 4hour/Daily before entering long on the pullback to previous structure. Fundamental Analysis: DXY, being shorted.
Price Action (Technical Analysis): Very interested in the set-up the Aussie/Yen has presented us, we see an ascending channel of buy orders swarming in telling us buyers are gaining their confidence here at Key Level of Support (Weekly). Price is above our 100 Day EMA and will use it as support and look for Buy Opportunities if the Aussie breaks above and tests...
Price Action (Technical Analysis): After Friday price is still consolidating between our 9 day & 26 Day MA. There is still a lot of buying volume in the market using our Ichimoku Cloud and RSI, indicating Daily Oversold Market. If price continues to fall then I expect buyers to enter the market around 1395-1400. We are in a bullish market and consolidating in...
Price Action (Technical Analysis): Daily Price Action is sitting in Consolidation, we are waiting for the bigger play as price is already showing us both accumulating structures are respected. We are going to let price flow this week as we already have a bearish confluence giving us a seller bias, +200 Pips Calculated from either pull back entry after a breakout...
Price Action (Technical Analysis): Market Closing last week, we had price continue to drop after a big push from our monthly low to our consolidating resistance showing us price might be experiencing an exhaustion retracing to our left shoulder support which is at our high probable retracement from our bullish impulse, the 61.8%. This can very well be an entrance...
Hi guys, After a tremendous push down on this pair this pair has reached to historical level where it has acted as a support and resistance on a number of occasion in the past. While RSI is also oversold and we have a bullish engulfing candle and a double bottom which suggests a possible reversal. I have gone long on this and marked tp and sl for you as...
USDJPY long idea Big trend touched. CTL broken / retested good opportunity!!! GOOD LUCK!
WELCOME TO MY LEARNING F* PAGE! GBP/USD is moving to 15 months low 1.2595. GBP/USD as all Major currencies are going down against USD. Near 1.2595 can start a new middle term uptrend. At this moment it is too dangerous to open Long because the price most of the times continue the trend. That why I recommend to look for short entries on lower time frames M5 —...
FX:EURUSD has been recently in a downtrend. However, a sudden upturn took place during it and it comes together with heavy volume, which conclusively indicates a change in trend. Price has already closed above the area, so, when possible, you traders can consider placing long positions. - Please, leave you honest feedback if you want to. :-) Happy Trading@@@
After market opening on 9 April 2018 the GBPUSD moved just over 50 pips long. Fundamentals still support another 100+ pips long. 1. The USD: PPI - red news due on 10 April is likely to support further upside price movement in the pair. 2. With the upside trend intact as per the Daily & 4hr chart, the GBP: Manufacturing production-red news release, should be...
ETH/BTC looks ready for a break out - watching this one closely, testing the wedge resistance as we speak, solid long opportunity if break the wedge and consolidate at 0.056. Possible repeat of previous wave (highlighted).