EUR/NZD entered the area of resistance It may come back and fall but if it reaches the line(Breaks the 2 levels of resistance) it should continue moving higher. But for now we need to wait and once we will see what will happen we need to go for the 4H/1H timeframe to look for the right entry.
ETHUSD is also similar to Bitcoin just a little bit different chart, Ethereum is also at a very low price near support hitting the up trend line where the market bounced up already a few times in the past, see the green arrows, and now at the up trendline the market formed a bullish engulfing candlestick formation which is also a formation where the market is...
Looking for continuation of bearish trend identified on daily chart. Observed double top on daily after short uptrend movement, expecting a reversal back to the downside. Currently looking for sell signals -- ex: overbought, bear divergence bearish pin bars, waiting for price to make its way back down towards support level of 0.8370. Potential trade setup: Entry:...
This pair bounce from a strong resistance zone and the top of an ascending channel, making a triple top pattern. right now the price is reaching the bottom of mentioned channel,that is a bull zone. it is possible that price make an extension to the support zone below the line of the channel, that is converging with a .61 FIB level. Then we will wait to see some...
Happy Monday everyone!! After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us. Monthly Time Frame - Downtrend line potential 3rd touch - Support...
SETUP CONFLUENCE Monthly Time Frame - Support breakout, Pullback and possibility for bearish continuation Sell Signal Weekly Time Frame - Support breakout 1.61597, pullback and possibility for bearish continuation - Bearish engulfing candlestick formed, range = 1.63132 - 1.60322 Sell Signal *SELL SETUP EXPLANATION* Daily Time Frame After looking at...
AUDNZD is sitting near support the market has formed a Head & Shoulders pattern I believe if we break the neck line it will be a great opportunity to take advantage of, be patient!
This pair has an interesting set up, the price is on a downtrend for the past weeks, making Lower Highs and Lower Lows, right now the price is on a converging bear zone with a strong daily resistance, a .50 FIB level, the descending trend line. To enter a trade, we will wait to see a bearish candle or chart pattern on a lower timeframe. If you want complete...
Hello Bunny's, here is my analysis for NZDCAD. This pair will be in my watchlist you guys should too. Let me know in the comment section if you guys have any questions.
Monthly - Weekly Daily - Shared above 4 Hourly Hourly
Hello Bunny's, here is the full analysis for this pair. This pair will be in my watchlist you guys should too. Let me know if you guys have any questions.
NZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list: 1. Daily shooting star with 3rd test of trendline 2. Daily RSI overbought with 4 Hr RSI bearish divergence Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550 This is for...
I think this is what is going to happen. Feel free to leave your thoughts on oil :)
The timing of the ounce of gold correction will last until early January and we will see an increase in gold in the new year.
Still bearish on Bitcoin for the broad picture. 4H pin bar formed after a wild rally last night from 6800 to 7500. When there're too many shorts, a bounce justifies forcing the bearish side to liquidate their massive short positions. The overall trend is still down. For the technical part, daily RIS is turning up but on 4H chart, RSI has reached over 60. I...