Hey guys,
i'm waiting to see how price will react at the retest of the lows here. The situation on the daily is pretty clear, price has had a downward move from long time ago and i'm now expecting a relief rally out of that. Looking left now we have a former suppport zone that could act again in this pair. But since the trend is very strong i want to have a...
Hey Traders, I recently posted an idea regarding Gold & a possible reversal coming in the metals. We got confirmation that the metals have reversed trend on the 4hr chart therefore I have closed my long position and opened a new short position to take advantage of the weakness in the metals. We are seeing a Head & Shoulders reversal along with a bearish flag...
Hey Traders, I have put together a few brief charts to break down recent price action & show some important price levels that we need to pay attention to in order to understand where price is likely to go over the next couple of months. As of right now I am bearish on Gold as the short term trend is down.
The chart below shows what needs to happen before I will...
Hey guys,
this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good...
Hey guys,
this is the 4hr chart on AUDCAD and, as you can see, price has managed to break and close below a key support level (on the daily) @0,9950. Since this happened, we can now expect to see support turning into resistance, following the trend established in the downward direction. This zone also helps us creating a comfortable area where we can have good...
The channel indicated on the graph is self explanatory. I do not think there will be a trend reversal yet on the next few days, but certainly the resistance at the $230-$250 range is forming and could yield a slow reversal, which has not been proven to be a behavior of this currency yet.
Hi Guys, Though USDCAD going aggressively downside, I'm not that convinced cause this whole correction looks incomplete I'm expecting reversal sharp move to upside and hit right back at back the top then big sell begins. if this thing have to go down and i'm wrong then this has to give me correction then i will sell.Its long term thing so i will post follow...
I think it is going to the bottom of Channel bigger sideway!
It has potential reversal zone around here.
Wait& see
.
If break down more, I think it is a potential downtrend in bigger timeframe. Short only. no buy.
The SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The...
I am waiting the chart form a bearish corrective pattern on smaller time-frame. EUR is overvalued(I think so). Technically considering bigger time-frame we are in corrective period and price should fall.
Last Friday we saw a nice Hanging Man in EURUSD, and it´s of the DXY that made an Inverted Hammer. Because it was Friday, end of the month and in this week we have payrolls and we didn´t had a nice volume (even thought is FOREX), I would like to see a pullback to 1.1280 (but I´m taking the first TP in 1.1270). Depending how it react to the support I would take out...
Hey guys,
this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see.
If you have questions or you want to...
Hey guys,
this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see.
If you have questions or you want to...
While we're still waiting for the EURGBP setup to trigger, one of the setups I'm also interested in is NZDJPY on the 4H charts. This pair has been in a very long uptrend already and shows good price action: not too volatile and good swings. It's what we're looking for in a reversal setup: clean and predictable trending behaviour.
But recently, the price has...
Good Afternoon,
Looking to short USD/JPY after completing a rebound near resistance/trend line illustrated above. Please keep in mind pattern shall change should price create higher highs. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
