Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe...
It was very clear price holding below the 123.50 resistance for quite some time.
Notice that three black crows candles appeared and right now retracing for 61.8 fibonacci retracement.
This could be a good area for entering sell.
Sell CHFJPY 123.20
Stop loss 123.70
Take profit 121.00 (4.4R)
Use only 1-2% risk
Good luck
see and watch :)
After touching the resistance of the purple color range, we will most likely have one of the two scenarios identified ...
www.tradingview.com
EURNZD is trading in a long-term bearish trend.
On Friday the price reached a peculiar zone of confluence:
we see a perfect match between 618/50 retracements of the last two bearish impulses
and a horizontal structure on the left.
To catch a bearish move from that wait for a bearish breakout of an expanding wedge pattern...
we have a perfect support zone
I think the price could side about the maximum one day and then after that
we would see a strong bull trend
please don't miss this situation
EURNZD retested a daily key resistance again.
After its test, the price formed a head and shoulders pattern
and broke below a support line of a rising channel & a horizontal neckline of h&s.
The price may drop lower now.
Next support - 1.6188
❤️Please, support this idea with like and comment!❤️
see and watch :)
The trendline has been broken and it seems that the price can reach the specified limits ... Of course, due to the bitcoin situation, the risk is high ...
Hello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest...
GBPUSD Bullish Deep Crab H4 with a Type II retracement. We would look for a position above resistance @ 1.34055 with a retest before opening a bullish position.
GBPCAD Bearish Crab formation after a Bullish Deep Crab on a H4 chart with Type II retracement. We would want price to close below Support @ 1.69770 before opening a bullish position.
Setup for GBPUSD potential bearish position if price closes below and retest Support @1.34400. We would then look for a bearish candle before opening position. Happy Trading Everyone!
OANDA:CHFJPY
Hey guys
So about CHFJPY we see that in long term it's moving in an ascending channel
- now we are in the top of channel and as we expected price touched there and started falling
+ there's a bearish head and shoulders pattern in 4h which makes price to keep falling more .
the support zones in front of us are :
122.550
121.200
120.620
what's...
OANDA:GBPCHF
Hi everybody , so now I'm waiting for a trigger to enter a short position on GBPCHF
as we can see in chart , it looks good if we get entry confirmation for short .
what do you think guys ??
