While I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day)....
EURUSD quickly came back up yesterday after the interest rates. It doesn't give us any selling opportunities right now. The levels where price is currently trading are considered a strong resistance and that's why buying is also not recommended. That's why we would rather wait for a better setup and not trade EURUSD today. Once we see the market breaking...
Great Britain Pound/Australian Dollar forming an interesting Double Bottom here, and right now, the price it's making a pull back in this zone. Talking about the H1 timeframe, we see that GBP/CAD look into this bullish setup. I draw this diagonal up line that mark a psychological point that we couldto put a buy order place in the smart zone. For me, I'm very sure...
Today ECB will increase the interest rates. This is the only certain thing. It's more important by how much and also when will they do it again. Any moves on EURUSD will be based on this information. If you're looking for the best setups only then it's probably best to wait for the news and then look for positions! We are expecting for price to continue...
ASX monthly chart with SMA 11, 13, 15. Price chart removed. Looks like 2008 and 2020. Sidenote Australia raised interest rates today. Additionally, notice the double top.
After forming a new low, EURUSD has now started a pullback. The best thing to do is to wait for this pullback to end and then look for entries to the downside. We should watch out for reversal signals around the levels of 0,9976-0,9996. If price breaks above 1,0090 then this downside move wouldn't be valid anymore.
Hey everyone, My last post was just before the last bullish move the crypto market made and was about DOTUSDT precisely. It turned out very well as I published before the move along with a signal that the TP level got hit 2 days after the price consolidated for a day. So if you have seen it, it is perfect because you were able to catch the move. (link down...
✅NZD_CHF has hit a key structure level Which implies a high likelihood of a move down As some market participants will be taking profit from their long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
OXY has run up quite well, especially with the help of heavy buying from Warren Buffet and his conglomerate. Is it set up for a downturn? On the chart, the red horizontal line is the market high pre-Covid. The MACD a lagging indicator has the K and D lines in early convergence well above the histogram. Time will tell but OXY might be pulling back into a...
you can long xauusd at 1703 - 1705 zone stop loss at 1698 and take profit at 1718 best tips of trade is partial entry and partial exit.
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Basing for the past ~6 months * Coming up on the right side of its base * Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume * Printed an inside day with higher than average volume * Bouncing off of...
The ascending structure was broken after testing the main resistance at 1.0080. The corrective movement ended at 0.618 Fibonacci level, Rejection from the area is a good entry point to follow the bearish trend
There is a strong demand area, and the accumulation occurred below the area. The price broke the area and retested it. I expect the price to rise strongly from the area.
wave analysis demand zone price action range breakout pullbakc
Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low....
The EURJPY price is in Bullish Expanding Triangle Pattern🧐 the Resistance Line is broken ✔ so, i predict a bullish move 📈 TARGET: 141.310 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The CADCHF price is in Daily Support Level and Ascending channel🧐 the Ascending channel is broken ✔ the key level is broken ✔ so, i predict a bearish move 📉 TARGET: 0.73350 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Yesterday EURUSD tried to continue falling down but instead of that we saw some strength in the pair and price moved up to 1,0065. That's why we won't sell until the market breaks below a previous low or it reaches our new sell zone. The new zone is above the 1,0090 high and in case of price visiting that area, we will look for another rejection. Today we...