CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse. The price formed a double top pattern on that and broke its neckline. Probabilities will be high that the pair will drop lower soon. Goals: 141.172 / 140.363 ❤️Please, support my work with like, thank you!❤️
Update for my Friday's post on EURCAD. The price has perfectly respected a horizontal key level on a daily: after a formation of a double bottom pattern on 4H, its neckline was successfully broken. Now, a bullish continuation is expected. Targets: 1.469 / 1.4735 ❤️Please, support my work with like, thank you!❤️
EURCAD is approaching a peculiar horizontal demand zone. The price formed a doji candle, testing that on a daily. Analyzing a 4H, I spotted a double bottom with a higher low. 1.458 - 1.462 is its neckline. If the price breaks and closes above that on 4H, I will expect a bullish movement. Goals will be 1.469 / 1.473. If the price sets a new low though, the...
Massive sell-off expected at the break out of the key level. We look at multiple time frames, and the pair remains bearish long term despite this aggressive bullish pullback. We take to Take into consideration multiple time frames when asses the probability of a trade and not focus on a single time frame.
Hello dear friends Ethereum is in an attractive range! Do you think we will lose the $931.72 support area? (exit from the lower side of the triangle) Or will we lose the $1890.85 resistance area!? (exit from the upper side of the triangle) It seems that according to the macro conditions, the possibility of exiting from the top is more! We would be happy to hear...
NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame. Its neckline has just been broken. I expect a pullback to 83.24
EURCHF is currently consolidating. The pair is trading within a wide intraday trading range. Currently, the price is approaching its lower boundary. To buy the pair with a confirmation, watch a double bottom pattern. 0.994 - 0.9943 is its neckline. Wait for an hourly candle close above that, buy aggressively or on a retest then. Target will be 0.996 If the...
AUDNZD is testing a wide daily horizontal supply area. The price formed a double top pattern, approaching that on an hourly time frame and broke its neckline with a high momentum bearish candle. I expect a retracement to 1.0848 / 1.0828 ❤️Please, support my work with like, thank you!❤️
NZDCAD is taking off from a key horizontal support. The price formed a double bottom on that and broke its neckline then. I expect a bullish continuation to 0.851 / 0.854 ❤️Please, support my work with like, thank you!❤️
NZDJPY is taking off from a key support. The price formed a double bottom on that and broke its neckline. Goals: 84.35 / 84.8 ❤️Please, support my work with like, thank you!❤️
EURNZD broke and closed above a neckline of a huge ascending triangle formation on a daily. Watch carefully the underlined blue zone. It is a contracting buy zone based on a trend line and a broken neck line. I will expect a bullish wave from that. Next resistance - 0.728 ❤️Please, support my work with like, thank you!❤️
Dollar Index is consolidating. The market is currently coiling within a horizontal trading range. 103.73 - 103.97 is its resistance. I believe that the next bullish move may initiate after its breakout. Wait for a candle close above that first, then buy aggressively or on a retest. Next resistance will be 105.1 Remember, that a bearish breakout of the...
CHFJPY has recently broken a key daily supply area. The broken structure turned into a demand zone. Approaching that, the price formed a double bottom formation and broke its neckline then. I opened a long position early in the morning on a retest. Now a bullish continuation is expected to 142.7 / 143.05 ❤️Please, support my work with like, thank you!❤️
NZDJPY is trading within a wide horizontal trading range on a daily. The price was stuck on its upper boundary for 2 weeks. A double top pattern was formed. The price has successfully violated its horizontal neckline last week. I believe that the pair may go lower. Goals: 82.4 / 81.6 ❤️Please, support my work with like, thank you!❤️
EURGBP formed a huge ascending triangle on a daily time frame. The price was nicely respecting its horizontal neckline for some time. It was finally broken yesterday with a strong bullish candle. Now, the broken neckline of a triangle and its trend line compose a contacting demand area. I suggest waiting for an occasional retest of that area, expecting a...
I spotted a solid rising trend line on NZDCAD on a daily time frame. The price dropped to that last week. Testing that, the pair formed an inverted head and shoulders pattern on an 1H time frame. Its neckline has been recently broken & retested. I expect a bullish movement to 0.8675 / 0.8696 levels now. ❤️Please, support my work with like, thank you!❤️
AUDJPY broke and closed above a key structure resistance. Now, we see its retest. The price formed a double bottom pattern approaching the broken area. I expect a bullish continuation to 92.72 / 93.2 ❤️Please, support my work with like, thank you!❤️
Update for NZDJPY. The price has nicely respected a resistance that we spotted yesterday. The price formed a double top pattern on 4H testing that. Its neckline has been just broken. The pair will keep falling to 83.68 / 83.11 ❤️Please, support my work with like, thank you!❤️