After nice continue with downtrend was formed NEW Volume cluster near price level 1,6266. I hope so that strong sellers which push the marker down.. Will be defend their selling position and on price level 1,6266 we will see short reaction... Happy trading Dale
Hello guys, today I will comment on a really fresh resistance that has just formed. This resistance is an intraday trading resistance on EUR/AUD and you can best see it on a 30 Minute and 60 Minute time frame. Let’s start from the beginning – I will go through the process of my thoughts which I had when I opened the EUR/AUD chart today. The first thing that...
In this trading analysis, I am going to focus on long-term position trading on the EUR/USD. The great advantage of long-term position trading is that you don’t have to sit in front of the screen all day and you can still have really good trading results. In fact, many people have way better results with this kind of trading approach than for example with...
USDJPY is in downtrend Pair is forming consolidation triangle MACD shows start of bearish momentum RSI is below level 50 We r waiting price breaking next support level at 105.45 and close below HVN at level 105.57 to open short trade It's expected for coming bearish movement to target first key level at 105.10 then finally target demand zone at level 104.20
As we can see on the 4H chart price has fallen out of this rising wedge formation, we have now clarified that we have a lower low and looking to short this pair upon a confirmation of a lower high with confluences such as candlestick patterns, fib levels or EMA.
The chart for today is the USD/JPY! Since the start of the week, the USD/JPY has moved over 100 pips in a pretty rapid sell-off without making any major pullbacks. When I see such a thing I am always curious of how the volumes got distributed in such a trend. What I am interested in the most is significant volume areas created within the trend. I call them the...
After almost 6 months of decline, we may see USD/CAD establish it's support level around the 1.3200 level. Looking at the weekly timeframe, the price is currently at the confluence of multiple support level. A break below this level would mean a very bearish sign of the currency pair and would expose the 1.3000 level or much lower. On the daily timeframe, there...
GBPUSD - What clean moves we have had. When it comes to trading and you don't understand what's going on go through higher time frames and concentrate on the levels and then go through more in depth technical approach the shorter the time frames you go into or having few bad runs - take a day or two off and come back refreshed. I've been selling this pair...
Worked out well yesterday, what will today bring us? Just a quick take today - as it's Friday!! We are still following the same technicals as yesterday, we had the bullish momentum towards upside. Out of channel the bears are in further control, the next trend-line could be a possible target. Still within channel, bullish momentum continues, and allows us to...
Kiwi, it's been tricky to trade for sure! Let's see what we can get out of Kiwi....! Technical aspect: - A break to either direction - - Could be put as a bear flag - Channel going up until broken to down side then could confirm to be a - Bear flag - Remember Confirmation is key! Bulls are in control as long as it's above: 0.66580 Bears come into control as...
I took a fade trade on the majors yesterday, dollar rising- worked out great but you got to remember and think - Is it time to sell again? AUD/USD, Keep in mind it is a commodity currency pair. Until it's not passed below the yellow small bullish channel we have going, the bulls are in control - Areas to keep an eye on are: 0.71800 /0.71900 then it could be an...
EUR/USD from the daily chart.... I chart there Volume profile of the year 2018, where is Three significant Volume cluster.... Second significant volume cluster 1.1700 was disrespected... and did not come as expected short reaction... But it still applies that price level 1.1700 is good support for the market... On this level i expect long reaction... Happy...
EURUSD breakout could see EURO rising further to the 1.18's before it takes a deep. Long-term analysis is in related links
We may have broken a downtrend that has been holding up as resistance since May 2019. It can be very possible XRP bottomed out in late June and is up about 25% since then. Historically, XRP has been known to run hard in short amounts of time. We are also in an alt cycle that is being led by ETH and all the majors are following! Is it time for the majors to...
In my yesterday’s analysis, I talked about combining Volume Profile (the Trend Setup) with Price Action (Support→Resistance Setup) to create a powerful two setup combo. Today, I will show you a very similar example, because practice makes perfect. This one is on my favorite trading instrument EUR/USD. Volume Accumulation Setup There was a very nice and...
In today’s trade analysis, I would like to show you my most favorite combination of two trading setups. It is a combination of a Volume Profile setup and Price Action setup. Let me first talk about the volume-based setup. Trend setup (Volume Profile setup) The AUD/JPY went into a strong buying activity yesterday and the price continued to move upwards since...
In my latest market analysis, I talked about an intraday resistance on CHF/JPY. There was a nice reaction to it on Friday. First, there was a quick +16 pip reaction, and then on the market open, the reaction continued and made +26 pips. Still, it is always safest to close all your intraday positions before the weekend. There could be an opening gap which could...
Triple top which is marked by the horizontal black line signals a reversal which has been confirmed. Although this entry may be late there are still some pips that can be caught and to be safe the TP is at the previous low.