Strong bearish bearish wave (A) occurred after breaking key level at 1.2852 then corrective bullish wave (B) retested key level and rejected by strong bearish engulfing pattern Price is below SMA 100 Pair is below HVN at level 1.2930 which indicates that gbpusd is in distribution phase MACD shows weakness in bullish momentum It's expected for coming strong...
USDCHF rebounded from strong demand zone at level 0.9611 with confirmation of pin bar candlestick pattern on H1 frame RSI reached oversold region on H4 frame It's expected for coming bullish wave to target first key level at 0.9765 then target supply zone at level 0.9847
USDCHF broke key level at 0.9762 with strong bearish movement Price is below HVN at level 0.9778 which indicates that pair is in distribution phase Below SMA 100 on H1 frame MACD shows bearish momentum It's expected to target demand zone at level 0.9630
NZDUSD rebounded from key level at 0.6325 after making false breakout MACD shows bullish momentum we r waiting to exceed SMA 100 and resistance level at 0.6358 to open long trade It's expected for going up towards the supply zone at level 0.6490 near HVN at 0.6462
USDCHF broke lower edge of rising wedge pattern after reaching supply zone at level 0.9848 Price is based below SMA 100 and key level at 0.9816 Price is rejected from 61.8% Fibonacci of preceding bearish wave at level 0.9817 MACD shows weakness in bullish momentum It's expected for coming strong bearish wave to target key level 0.9677 near HVN at level 0.9696
GBPUSD rebounded from demand zone at level 1.2870 with bullish movement MACD shows bullish momentum RSI is above 50 after reaching oversold region It's expected for coming bullish wave to target first key level at 1.3065 then target supply zone at level 1.3200
USDCAD reached strong supply zone at level 1.3330 then price rebounded by strong bearish movement Pair formed bearish crab harmonic pattern Price is below HVN at level 1.3291 which shows power of bears Pair is below Moving Average 100 and key level at 1.3265 We r waiting price breaking support level at 1.3225 to open short trade to target first key level at 1.3160...
AUDUSD rebounded from strong demand zone at level 0.6675 Pair is forming inverted head and shoulder pattern RSI reached oversold region MACD shows bullish momentum It's expected for coming strong bullish wave to target broken uptrendline at level 0.6877
USDJPY rejected from supply zone at level 110.14 Pair is forming head and shoulder pattern on H4 frame MACD shows bearish momentum RSI is in downtrend we r waiting price for breaking neckline at level 109.66 and support level at 109.60 to open short trade First target will be at key level around 108.35 Second target will be at demand zone at level 107.77
USDCAD reached strong supply zone at level 1.3330 then price rebound by strong bearish movement Pair formed bearish crab harmonic pattern Price is below HVN at level 1.3290 which shows power of bears Pair is below Moving Average 100 and key level at 1.3265 We r waiting price breaking support level at 1.3234 to open short trade to target first key level at 1.3160...
I draw Volume profile from point A to B for visibility significant volume cluster.. There is nice three volume cluster... On two of them was nice short reaction for short trade... The last one around 1.3281 has not been tested yet.. From this short level i expect short reaction too.. Happy trading and Happy Valentine's Day!! Dale
AUDUSD rebounded from demand zone at level 0.6680 after forming false breakout Price broke downtrendline Based above Moving Average 100 Price is above HVN at level 0.6693 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum RSI rebounded from oversold region It's expected for coming bullish wave to target key level at 0.6852
A Setup as Simple as ABCD Today, I would like to show you one of my favorite Price Action trading setups called AB=CD Setup. You can use this setup both for intraday and for swing trading. In this post, I will show you the AB=CD setup on a Daily chart , which I use for my swing trade analysis. How does the strategy work? The AB=CD setup is based on the...
USDJPY reached supply zone at level 109.98 Price is below HVN at level 109.96 which indicates that pair is in distribution phase MACD shows weakness in bullish momentum RSI broke uptrend We r waiting to break uptrendline and support level at 109.60 to open short trade to target first key level at 109.20 then demand zone at level 108.34
USDCAD reached strong supply zone at level 1.3330 then price rebound by strong bearish movement Pair form bearish crab harmonic pattern we r waiting price to break support level at 1.3275 to open short trade MACD shows bearish momentum RSI is in downtrend (H4 frame) It's expected for price to go down towards key level at 1.3036
False breakout occurred at strong demand zone at level 0.6676 then price is rejected by bullish engulfing candle RSI reached oversold region on H4 frame MACD shows weakness in bearish momentum It's expected for coming bullish wave to retest broken uptrendline near level 0.6870
Support on EUR/USD got breached Let’s first start with looking at a Daily chart of EUR/USD. There has been a pretty significant development! Significant support (from Daily time frame) got breached and now it seems that lower prices (below this support) are being accepted. This would mean that this support will become a resistance. Currently, it is still a bit...
AUDUSD rebounded from strong demand zone at level 0.6676 RSI broke downtrend MACD shows bullish momentum It's expected for coming bullish movement to retest broken uptrendline at level 0.6860