With over 150pips move in our direction since my last publication (see link below for reference purposes); I have identified a trading opportunity we can take advantage of as the current structure reveals a possible reversal for a rally in the coming week(s). After plummeting earlier in the week against the Japanese yen, the USD turned around to show signs of...
Price tested the resistance twice but failed to break it. the price even goes down and breaks the trendline. currently the price is in a minor consolidation. if this consolidation breaks again, then the price has the potential to test the S/R Area. The RSI also shows a bearish divergent
We witnessed a 1,500 pips move in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are at another juncture in the market that welcomes another opportunity to hop in the train of a second rally. The beginning of reversal set up at exactly $1,750 Level (Double Bottom) identified on the 29th June 2021 also...
We witnessed over 500pips move in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are at another juncture where a possible Trend continuation is looming. The general risk-off tone of the markets is very likely to surge the Swiss franc into a higher high as I anticipate a Breakout/retest of Neckline @...
BINANCE:BNBUSDT If you look closely at the pattern on the head and shoulders, you will see that the price is up It has reached the neckline and even penetrated But did not complete the price on the pullback neckline You can consider the neckline as a resistance Take that the price can go well after that failure Be
With over 600pips in our direction since my last publication on this pair (see link below for reference purposes); The price hit a peak around AU$1.85000 in June 2021 and has since then continued to find lower lows. The appearance of a Double Top structure on the chart is a very strong clue that hints at a reversal momentum building as we experience a significant...
On the H4 Time frame, the price initially seemed to break support. However, the price has tried to fight several times. Currently price make a strong movement and create a large candle. If the H4 candle closes with a large candle, then we can buy on the next candle. On H4 and H1 we also have a bullish divergent which is an indication of a strengthening.
The price tested the 61.8 level and the support structure and got rejection in this area. Rejection is seen with the price forming a double bottom which could bring the price back to the upside,. wait for a pullback in the neckline area will be a good entry
We experienced over 250pips move in our direction since my last publication on this pair (see link below for reference purposes) and I suspect that price-action is going through a Correction phase that we are yet to decipher when it will stall. Last week trading session saw the Kiwi close in the positive territory for four straight days and continued to find...
It has been over 300pips plunge in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are in the middle of a correction phase that might incite a further risk in decline for the Pound in the coming week! It is obvious that the British pound rallied a bit during the course of last week trading session but...
CADCHF completed Bearish Shark pattern at level 224 then the price forms a double top as a reversal pattern and breaks the neckline the price is currently making a correction into neckline. we can take the sell when the price breaks this correction area with profit targets at the level of 50, 61.8 and 100 percent of CD leg
In last week's trading, GBPUSD fell quite strong and we need to wait for the price to pullback before another sell. At the beginning of this week, the price made some upside movement. The sell area is the S/R area, 50% retracement of the total swing and 61.8% of last week's swing. This area will hold the price to go up even more. - For aggressive entry, you can...
A total of 300pips move in our direction since my last publication on this pair (150pips move twice from Supply zone - see link below for reference purposes) and It is interesting how the Key level @ Fr1.27000 transposes into a major determinant of price action since February 2021 (check weekly/daily chart) as a Break above/below of this level incited a trend...
Commodity markets struggle to rebound, but the Canadian dollar remained under strong pressure even at the latter part of last week trading session. The appearance of a Double Top structure ( a strong reversal pattern) on the chart confirms that the price has found a peak @ Fr0.75000 and has since the beginning of May 2021 continue to find lower lows which...
EURUSD fell quite strongly on Friday' and break its support and form a new low . In the previous movement the price declined after touching the resistance area. Then the price broke through its up-trendline and formed a lower low. We can expect the price to make some correction first before another downside movement. sell can be done after the price breaks the...
We were unable to open a Bearish position in my last publication on this pair as the price continued to find a higher level ( see link below for reference purposes) but the current structure transposing into a Head & Shoulder - a strong reversal pattern suggests that the bears might lead to further decrease in price in the meantime. Tendency: Downtrend...
It's over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and it appears another trading opportunity is unfolding as we await the completion of a reversal setup after multiple rejections of the Supply zone @ $1.42250 area in the last 25 days. The Pound edged lower during the Friday trading session but...
We are yet to find an avenue for Bearish confirmation since my last publication on this pair as the price continues to find a higher high (see link below for reference purposes). Continuous rejection of the $1.22500 level since mid-May 2021 is a clue pointing at the possibility of a bearish momentum building up at this juncture in the market. The prospect of...