Lowering rates by the SNB has caused CHF weakness this AM. This has been crushed by a lack of volatility in markets. 1. On a tech basis this constitutes light short entries. 2. Sentiment bias longer term is pulling CHF up VS US. Near term US strength momentum persists support light short bias. Any further shorts planned much higher.
Looking for a long on EURAUD Expecting more long term move on the pair as far as the technical and fundamental is concern
We got a massive breakout on EURAUD. The pair broke and closed below a wide horizontal daily demand zone. It confirms the overall bearish sentiment and increases the probabilities that the market will keep falling. Next supports: 1.60 / 1.59 ❤️Please, support my work with like, thank you!❤️
A matured bullish divergence seems to be playing out, as the price has printed first higher high and is currently defining a higher low. If bulls manage to break previous higher high, it could potentially trigger a bullish rally. Targets are mentioned on the chart.
#TRBUSDT.. well market near to his one of the most important supporting area that is around 77 - 78 You can see in history market very smoothly hold it couple of times. This time if market hold it again then you can see again bounce from here. But one thing more is very important that below that level you should cutt n reverse in hand. Don't be lazy here...
☑️Pair Name : GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ⌛ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Retest 1.27100...
Gold has been building an ascending channel for the past weeks. The current price is a median of the channel however price is above the both dynamic moving averages, the confluence of the channel and moving averages along with the horizontal support indicate the upside target. Summary ; Entry :2338.13 or Current Price Target :2355.50 Plan your trade, trade the...
A Simple break and retest of the R18 key level could see USDZAR drop to lows of R17.50
Hello Traders ! Previously, The CADCHF formed a bearish triple top pattern. At the moment, The price broke the support level (0.64726 - 0.64628). This key level becomes a new resistance level ! So, I predict a bearish move📉 ____________ TARGET: 0.64100🎯
USDCHF shows several indications of a bullish reversal, as it has been consistently declining within a descending parallel channel. After hitting a support level of 0.0873, the market began to consolidate within a tight horizontal range. During the London session, the price bounced and violated a resistance line of the descending channel and a horizontal...
The behavior of long-term holders is a key indicator for understanding where we are in the market cycle. Here’s why : As prices rise, long-term holders start selling the assets they’ve accumulated over time. Historical data shows that this profit-taking usually begins in the early stages of a bull market and continues past the cycle peak. Monitoring this activity...
Not the best setup, but I'm betting on the gap fill and grabbing liquidity above the current resistance. 1:1 RR, and hoping the head and shoulders pattern is correct.
The recent political events have proven to bring back some confidence in SA. However, it needs to coincide with the financial data. Look to add another position if it goes to the R17.50 level.
Market has a lot of liquidity to take out on the downside, and based on where the market is, there are more areas for market to touch before it changes direction. However, I think once it gets to my purple line which represents the four hour TF market will decide whether it wants to takeout the Daily low or create a new wave up, but we shall see
The EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm...
We're discussing a potential trading setup for the AUDNZD currency pair. Here’s a breakdown of your statement: Market Buy Zone: This indicates the price level at which you're looking to enter a long (buy) position. In this case, you mentioned a buy zone starting at 1.08750 for AUDNZD. Targets: First Target: You specified a target of 1.09200. This is the price...
One of the setups that we discussed on a today's live stream is on AUDJPY. The pair broke and close above a neckline of an ascending triangle pattern on a daily. Retesting the broken neckline, the price formed one more triangle on an hourly time frame. Its neckline breakout is a strong intraday bullish signal. I believe that a bullish trend will continue on...
For now, the safe-haven demand for the Swiss franc has bolstered its strength, especially amid the recent political turmoil in Europe. But once the geopolitical concerns have subsided I think the safe-haven rally will weaken. …and with it the price, which I expect to take a natural retracement. Whether this will be enough for a bearish reversal, I do not know. But...