on WEEKLY: NZDJPY is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H1: NZDJPY is forming a symmetrical triangle in red, so we are waiting for a momentum candle close above the last swing that forms around the upper red trendline to buy.
on WEEKLY: GOLD is sitting around a strong supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: GOLD formed an objective channel in red so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.
Good Day Traders, I hope all is well. These are my thoughts for GBP/CAD. After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure. Advice: Stop trying to always being right. I myself have lost...
on DAILY: GBPCAD is retesting a resistance level so we will be looking for objective sell setups on lower timeframes on M30: GBPCAD formed an objective trendline in red but we didn't sell yet as we always wait for a momentum candle close below its last swing for extra confirmation.
BINANCE:BTCUSDT as you can see in the chart in supply and demand level there is nice rejection and the price should filled the price which goes down . by rejecting on demand level and retrace after impulse as you can see rejection happened on 50 % of Fibo and will touch our tp as i described Enjoy the nice analyse
on H4: CADCHF is overall bullish and now sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes on M30: CADCHF is trading inside a red channel but it is not valid yet, so we are waiting for a new swing to form around our upper red trendline to consider it objective and enter on its break upward.
on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes. on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward. We also have a regular bearish divergence...
AUDCHF broke out of the ascending trendline on lower time frames and is currently trending within a parallel descending channel. Looking to open shorts on a pullback towards the 0.5 inner fib retracement zone - which outlines perfectly with our broken trendline. If we fail to see a rejection/bounce from the LL of the descending trendline, cancel order.
USDHUF is sitting around a strong supply zone in green so we will be looking for objective sell setups. this one formed an objective trendline in red so we are waiting for a momentum candle close below its last swing for more confirmation. we also have a regular bearish divergence adding more confluence to our sell setup.
As we can see the 109.7 level is a very significant one so far, the price keeps getting strongly rejected from that level, already multiple times. Also the 108-107.7 area is a very significant one above it i am bullish/below it i am bearish after the strong rejection from 109.7 we did not hold 108-107.7 area as support and we went below it, retested it and we got...
on DAILY: GBPAUD is approaching a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H1: GBPAUD is forming a channel in red so we are waiting for a new swing to form around our upper red trendline to consider it objective and then enter on its break upward. we also have a divergence on MACD adding more confluence...
on DAILY: AUDCAD is sitting midway between our blue resistance and green support so we will be looking for buy/sell opportunities. on H4: AUDCAD is overall bullish unless price breaks below its last swing, then we will sell this one. meanwhile, AUDCAD would be overall bullish and we will be looking for objective buy setups (trend-following) on lower...
Attention Traders! Allow me to share my thoughts on GBP/JPY. Price is now at a strong level of support (on the 4hr timeframe). If price doesnt break this level immediantly and find a new low , i expect the markets to start pushing up again. Its been a slow week so far , but grateful for the lessons. Advice "Less is more" #Forexprodigy
on DAILY: EURJPY is approaching a demand zone and retesting our brown trendline so we will be looking for objective buy setups on lower timeframes. on M30: EURJPY is forming a trendline in red (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward. meanwhile, until the buy setup is activated,...
on DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes. on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy. meanwhile, until the buy is activated, we would be overall bearish
on DAILY: GBPNZD is sitting around a support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes. on H1: GBPNZD formed an objective channel in red, so we are waiting for a momentum candle close above its last swing to buy this one short-term. Moreover, we have a bullish regular divergence on MACD adding more confluence to...
Price made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.
on H4: CHFJPY is overall bullish trading above our orange trendline, however, it is approaching a strong resistance in green. on H1: CHFJPY is forming a channel in red, so we are waiting for a new swing to form around our upper red trendline to consider it valid and then enter on its break upward. and we are waiting for an objective break below our lower orange...