Welcome to my 200th idea special analysis! In this idea I will explain in-depth how you can leverage psychological support and resistance levels for trading EUR/GBP. This will help you earn more money while trading, and gives you more understanding about the markets. I have been talking about this for quite a while now, and every time it shows that it works again...
D1 - Price is holding below the psychological level 320, continuing bearish divergence. Price is moving on the upper band of the Bollinger Bands for more than 20 candles. Note: If you want to learn in detail about Bollinger Bands then check out my blog and youtube channel. H4 - Triple wave to the upside, the price has reached the key resistance zone formed by...
SHORT GBP/JPY, ***IF, there is a clear rejection at the 38,60% level of the fibonacci, wich is on the 132,000 key level (psychological level). The market broke the 132,000 key level, wich should now act as resistance. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Everyone knows I am well known for my analyses on psychological support and resistance zones and their strong predictive capabilities. We just found two new important psychological levels in the last two days. One psychological resistance at 9450 and one psychological support at 8400. -- quick reminder on these beautiful round number levels -- Computer scripts...
LONG AUD/USD, ***IF there is a clear rejection at the 38,60% level of the fibonacci, wich is on the 0,64500 key level (psychological level) and it is also on a trendline dated from March 18th 2020. The market broke a trendline dated from December 31st 2019 and also broke the 0,64500 key level wich should both now act as resistance. There is also a divergence that...
SHORT USD/JPY, ***IF there is a retracement and a clear rejection at the 38,60% level of the fibonacci, wich is also on the 107,000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
D1 - Price has reached an important resistance zone, we have a hidden bearish divergence followed by potential continuing divergence. H4 - We have two key resistance zones that have formed based on the fibonacci expansion levels of the cycles we have. Price has reached the first key resistance zone, bearish divergence. H1 - The swing on the H1 chart is...
SHORT GBP/AUD, ***IF there is a retracement and a clear rejection at the 38,60% level of the fibonacci, wich is on the 1,95500 key level (psychological level) and on a trendline. The market broke with a daily candle a key level and a channel dated from July 30th 2019 wich should now both act as resistance. IMPORTANT : I am only showing an analysis on one of the...
There are so many interesting things going on here from a technical analysis perspective. Let's break them down per section. First of all, we cannot miss this beautiful falling wedge. A falling wedge is formed when price consolidates between downward sloping support and resistance lines. The slope of the resistance line has to be steeper than that of the...
SHORT EUR/NZD, ***IF there is a clear rejection at the 61,80% level of the fibonacci. The market broke the 1,83000 key level (psychological level), wich should now act as resistance. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT GBP/JPY, ***IF there is a clear rejection at the 50% level of the fibonacci, wich is on the 134,000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT GBP/USD, ***IF there is a clear rejection at the 61,80% level of the fibonacci, wich is on a psychological level (1,25000). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
D1 - Price bounced from the psychological level 0.95, extreme divergence. H4 - Price is holding below a strong resistance zone formed by the fibonacci extension levels of the two waves we have. H1 - Until the price holds below the resistance level shown in the chart my view remains bearish here.
Trend line hold Bat Head and shoulder Psychological number
With the triangle and zone break I am expecting a retest of these areas which also correlates with fibonacci golden ratio. Next target will be 1.0000 psychological area. Waiting for price action on 4h timeframe to confirm my entry. Also be aware because this week is full of fundmentals news. #tradesafe
Am expecting the price to rally towards the psychological region of 1.12000, a new leg could be formed to the highs, price is currently respecting the 61.8% fib with morning star pattern. This will depend on USD potentially weakening, GDP consensus expected to decrease this week could be the obvious catalyst for our bias. Great risks reward 1:2! -Simple & clean...
On a technical perspective, price is clearly indicating that GBP could potentially reverse versus the Australian currency, price is respecting the weekly region of 1.7700 with previous daily closing above it, today's daily close could add further confirmation if the candle closes as a spinning top/Doji. technicals are pointing out to price possibly extending to...