1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily...
GBPUSD finally reached a major falling trend line on a daily. The price formed a double top on that on 4H and broke its neckline then. I expect a bearish move to 1.116 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hello friends The price has reacted by reaching the pink range, and on the other hand, the negative divergence of the RSA in the four-hour time frame has also been issued to us. Currently, if the current trend is below the range of $16.16, the possibility of the trend continuing to the range of $15.18 and $12.92 is high. What do you think?
Hello Dear friends Considering the formed harmonic pattern and maintaining the yellow area ($30), the probability of forming an upward trend similar to the drawn scenario is high. But keep in mind that after the upward trend is above the $32 range, the confirmation of the upward trend is issued. The best and least risky area at the moment is the price range of...
NZDUSD is trading in a bearish trend. After a strong bearish move, the pair is consolidating for 2 weeks in a horizontal trading range. I am patiently waiting for its 0.5565 - 0.56 support breakout to short. We need a daily candle close below that to confirm the breakout. Next target will be 0.548 ❤️If you have any questions, please, ask me in the comment...
What may possibly play out as we go into the new week-2000 Pips .In my personal opinion S&P 500 has been largely bearish since 22nd Sept though a pull back on 4th Oct.which is normal in order to regain some momentum, However The Friday NFP news triggered the continued bearish momentum which pushed the price to currently 3631, so i may likely be placing my SALE.and...
GBPUSD looks quite overbought: the price action was steadily contracting within a rising wedge pattern and the price just recently broke and closed below its support. It looks like the pair will drop lower. Targets: 1.133 / 1.122 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
List of confluences: 1: Rising Wedge Breakout 2: Trendline Breakout 3:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that EURCHF remains in a strong down trend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 3 reasons...
Price is oextremly sold of, following supply until price stop respecting them, then expect pullback to daily supply. Reaction on smaller, not tought order blocks along the way up to that supply.
Update for EURGBP. We have spotted earlier a bullish breakout of a weekly resistance cluster. Now the market retests that. To buy with a confirmation, watch a bullish flag formation on 4h. We need a 4H candle close above its resistance to confirm the breakout. Then buy aggressively or on a retest. Targets will be 0.8779 / 0.881. If the price breaks a support...
Even though NZDCAD went higher than it was expected yesterday I still remain bearish biased on NZDCAD. The price broke and closed below a support line of a bearish flag pattern, confirming the strength of the selling pressure. Targets: 0.788 0.786 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EURGBP is trading within a horizontal trading range. Approaching its support, the price formed a double bottom formation and broke its neckline then. I expect a bullish move to 0.8715 level now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
GBPCHF reached 2 years' low last week. Analyzing the reaction to that structure on lower time frames, I spotted a confirmed bullish breakout of a falling parallel channel on 4H, and a completed double bottom formation. I believe that the pair will grow now. Goals: 1.1215 / 1.125 ❤️If you have any questions, please, ask me in the comment section. Please,...
Hey traders, EURJPY reached year's highs. I expect a pullback from the underlined blue structure to 143.06 / 142.63 levels. I see a tiny little head and shoulders pattern on 1H time frame, confirming the strength of the underlined resistance. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EURJPY broke and closed above a key daily structure resistance yesterday. Retesting the broken structure, the price formed a double bottom formation and broke its neckline then. I believe that it may trigger a bullish move at least to 139.25 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
GBPAUD formed a double top trading within a peculiar confluence zone on an hourly time frame. That zone is based on an intersection between a falling trend line and a horizontal supply area. I believe that the pair may drop at least to 1.6939 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, EURCHF is trading in a global bearish trend. Lower highs are perfectly respecting a falling trend line on a daily. Approaching that earlier this week, the price formed a double top formation. The pair broke and closed below its neckline then. I believe that the market will keep falling now. Goal - 0.957 ❤️If you have any questions, please, ask...
GBPCHF is coiling around a solid intraday structure resistance. The price was trading for some time within a horizontal range. Just a couple of minutes ago, the pair broke and closed below the support of the range. We see its retest now. I believe that the pair will drop. Goals: 1.13513 / 1.132 ❤️If you have any questions, please, ask me in the comment...