I haven't had a lot of interest in the $EURUSD higher timeframes this year mainly because we've been dealing with an extended period of consolidation. In fact, all 3 of my trading opportunities have been pattern trades or short-term day trades on the hourly timeframe and lower.
Until we break out of our range & I get a clear idea of which way i believe the...
Bullish bat pattern coincide with my demand level and also at 1.0000 psychological level.
Will not place pending order just yet as I want to look out for more confirmation signals.
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My apologies for such a saturated chart.
For me, this bullish trend is ending very soon. We can see that the price is losing strength as it approaches to the weekly resistance. It also got over the 0.76 just for 20 pips and immediately reversed. Zoom in on last pullback and pay attention to the volume traded. You can see the bearish candles have more weight and...
If you check the weekly chart, you will notice that the 1.0000 has been a very strong level over the years. If the bullish trend breaks the 1.0000 it will be strongly going towards the weekly resistance trend line extending the fifth wave and confirming the bigger fifth wave (weekly)
I hope my analysis is useful for your next trades
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In his way down the price just draw a descending wedge. It might be bouncing after it hit the 0.618. In this case, the first target should be the psychological number 1.60
Also check +DI and -DI on their way to cross and RSI heading upward in a channel.
I hope my analysis is useful for your next trades
Don't forget to hit the like button, I really appreciate...
Will be on the lookout for price to hold at the
trend line + 74.00 major price change confluence.
*NOTE* If price doesn't hold and breaks lower next area of interest to go long will be ~.7370
If you'd like to be in the loop on even more stellar setups just like this one including how our free community took advantage of a
*1,700+ PIP MOVE* that was posted in...
Sorry for the delay in updating the USD/CAD trend analysis! As you can see, the channel trend is clearly broken though now and the question is what is next for the pair, does it find new support and go higher, or is a counter-trend forming?
On Wednesday, oil prices shot upwards, which led to a selloff in USD/CAD. For most of that day, the 1.3600 level was the...
H4 - Hidden bearish divergence.
H1 - Price has reached the top of the channel.
Price is now at psychological level 1, multiple false breaks and divergences.
Everything looks good here for the bears and we may now expect continuation lower.
I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago.
Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological...
Pair is in downtrend for at least year. It created visible channel which trapped the pair in August and since then it is bouncing from two levels 75.50 and 72.50. If I would look for psychological levels I would rather go for 75 and 70.
What is telling me that the pair has good chance to follow described scenario:
- trade is following recent trade
- GAP from...
AUDUSD H4 -
1- Objective trendline on H4 in red
2- divergence on MACD in red,
3- Daily round support levels rejection 0.7100 - 0.7200 which also is a Demand area
Waiting for a momentum candle close above the gray zone to buy
1- Objective Channel in red
2- Multiple Divergence on H1 and h4
3- Supply Zone on H4 in light blue
4- A Trend Following Trade confirmed by a 1.3200 level rejection on H4 and orange trendline retest
Waiting for a candle close below our gray zone to sell
On 11th September GBPNZD tried to break psychological round number 2.0000 but failed to do so. Within the next 2 weeks, we saw a downturn of almost 500 pips which clearly showed that the market is not going through that resistance. Now it made a pullback and we see it as an opportunity to get in. GBPNZD stopped at Fibonacci 50 and with a proper stop-loss, you may...
Following Thursday’s moderate retracement, the sky has been the limit for October WTI crude oil futures. Since the traditional New York pit open at 9:00 AM EST, prices have risen more than $.50.
Counter-trend scalps beneath $70.00 are likely to produce positive price action. Sells from $69.92 with an initial stop at $70.01 produce 5-8 quick...
September WTI crude is trading right at the 62% Fibonacci macro-wave retracement. Given the reported builds in supply, it is tough to envision a scenario where $65.00 is not tested in the near future.
In the event that we see a sell-off in September crude later this week, a long trade from just above the 78% retracement is a good location to the bull. Here is the...
USDCHF is on bullish trend since mid February. It formed double top above 1.0 and then went down. When U look at the chart it seems like that any short attempt for this pair is stop by strong bullish movement. I market on the chart inverted H&S formation plus double bottom which is holding pair above one of the Daily GAPs. To me this pair is preparing to go above...
After a bearish triangle break out, we have the crossing over of the 50EMA, signaling and uptrend. We also have the break and retest of the 1.33000 level, which is a support area, and a good place to go long.