Icon is making higher lows thanks to a supporting trendline.
1075 resistance has been tested several times. How much longer will it hold?
ICX is setting up for a potential breakout to the 1150 resistance.
Hey I just found USDJPY on a bottom daily here is a 1H chart Scaling in some units now and on rebound on the support line.
On a long term it could be an easy 1:2 trade
TRade on your own and good luck !
EURUSD is going to start falling or never. We are now heading to March US debt ceiling and French election One of the Candidate Marine Le Pen launched her presidential campaign, promising to put France first by freeing it it from the “tyrannies” of globalisation, Islamic fundamentalism and the European Union. If French election is favour Le Pen, EURUSD will...
Hello guys! happy new year.
UK100 indice is printing a nice range here and as we can see, it's at a very important point. Break or reversal? Our 2 most important questions. AS usual, we're not the one to decide, so let's watch it and see what the market will decide in the next coming candles.
As for a personal analysis, I bet for a reversal. Price is at the...
The GBPNZD 50% retracement from the last major move appears to be holding. Indicators are suggesting oversold values and weakening bullish pressure. The red rectangle is the projection based on the 50% retracement.
A pending sell order has been place a few pips below today's low at 1.748. SL is safely above the highs of this retracement.
GBPNZD likes to make...
the market has shown a very aggresive breakout from the linear consolidation channel shown above.
these are strong signs of a retest to the previous structure low (blue trend line)
great short oppurtunity
The EURNOK is approaching a huge resistance area. Price hasn't broken this area since this time last year. I will definitely be watching this for either a long or short. Waiting for price action to confirm!
Both patterns cannot be taken simultaneously. It is one invalidates the other.
Potential long opportunity 1245.13 with 3 drives pattern confluence, trend-line support and follows bullish move up.
or potential short opportunity 1298.25 minor resistance confluence.
Typically I look at RSI conditions (overbought, oversold or divergence).
Feel free to...
this was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's...
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur.
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW.
A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE.
DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...