I have perfectly predicted an intraday bearish movement after a breakout yesterday. Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range. The next bearish wave will be confirmed after a breakout of the support of the range. 4H candle close below 0.5808 will confirm a violation. A bearish continuation will...
EURJPY broke a solid horizontal resistance. Retesting the broken structure, the price formed a tiny horizontal range on a 4h time frame. Its resistance breakout is an important sign of strength of the buyers. A bullish movement is expected to 159.4 / 159.7 levels now. ❤️Please, support my work with like, thank you!❤️
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
CADCHF is taking off from a solid horizontal daily support. The price formed a double bottom formation on that on an hourly time frame. Feels like the market is oversold and it is the moment for correction. Bullish continuation is expected to 0.6535 / 0.6550 ❤️Please, support my work with like, thank you!❤️
Hi Traders! EURUSD is holding steady near market lows, and there is a possibility for long entries to target upside resistance levels. Price Action 📊 The price action currently looks bullish, with market swings showing higher highs and higher lows, and the market has formed an ascending price channel. Fundamental Analysis 📰 The European Central Bank took a...
GBPAUD reached a solid falling trend line on a daily. After its test, the price formed a cup & handle pattern on that. The price may drop now to 1.9160 / 1.9105 ❤️Please, support my work with like, thank you!❤️
CHFJPY reached a solid horizontal daily support. After its test, the pair started to consolidate on an hourly time frame within a narrow horizontal range. The support of the range was broken then. It is an important sign of strength of the sellers and it signifies a highly probable pullback. Target - 165.63 ❤️Please, support my work with like, thank you!❤️
Hi Traders! EURNZD has a potential head-and-shoulders pattern forming on the 1D chart, and there are opportunities for short entries to lead to a possible neckline break. Price Action 📊 Recent lower market swings with lower highs and lower lows, and the market is about to break back below the 20 EMA. We are looking for bearish momentum to fully complete the...
Hi Traders! There is a possible retest of the strong support level of 0.80531, and there are potential opportunities for short entries towards this level. Price Action 📊 The market is currently in a descending price channel and recently broke and closed below the 20 EMA, which suggests that there is currently bearish momentum in the market. We are looking for...
Hi Traders! The NFP announcement was released earlier today, and it came as a shock to the market. The number came in at a staggering 336K, which is almost double the expected number of 171K. With the payrolls number coming out so strongly, this is a sign that the US economy is still strong, and the high demand for the US dollar is expected to continue in the...
Traders, do not forget that in 30 minutes we are expecting US CPI Report. Here is your detailed trading plan for USDCHF ahead of the news. The market is currently approaching a key daily horizontal support. Your bullish confirmation will be a bullish breakout of a resistance line of a falling wedge pattern on a 4H time frame. 4H candle close above the trend...
Hi Traders! There is a rising wedge pattern on EURGBP, which signals a possible reversal of the bullish trend we have seen over the past two months. Price Action 📊 The market failed to break the previous resistance at the 0.87014 area, which led to lower highs and lower lows market swings, followed by a momentum break below the 20 EMA. This shows that there may...
GBPCHF is testing a wide daily horizontal demand zone. To buy that with a confirmation, pay attention to a double bottom pattern on a 4H time frame. 1.11 is its neckline. We need a 4H candle close above that to confirm the strength of the buyers. Buy aggressively or on a retest, then. Target will be 1.1135 ❤️Please, support my work with like, thank you!❤️
Hi Traders! There is a double top pattern formed on the 4H GBPJPY chart, and there is potential for further moves to the downside depending on whether we get an important support price break. Price Action 📊 The market has had two price rejections around the 183 level, which is bearish. Although there is very strong support at 181.380, which is our support line,...
Hi Traders! The bearish price action continues on the GBPAUD 1D chart, and there may be possible opportunities for short entries. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support...
I see a solid horizontal resistance on an hourly time frame on AUDNZD. The price formed a head & shoulders pattern, testing that yesterday. I am very bearish biased on the pair. Goals: 1.0685 / 1.0665 ❤️Please, support my work with like, thank you!❤️
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Today's potential trades for #XAUUSD - OANDA:XAUUSD It's over 100 pips between today's support/resistance zone. If there's no breakout, we have enough room to trade within these prices, on the smaller time frames with care If there is a breakout of today's support/resistance zone, it will come at these levels. 📈Potential Buys on close above...