Reasons for taking a long trade: At the bottom of a descending daily channel At major area of support Formed a falling wedge on the 4hr chart (reversal pattern)
Iam looking for 1:20 RRR buy side liquidation on usd cad think like composite MAN , Thanks.
Chart show the possibility of the Right Angled Descending Broadening Wedge Pattern and it's target.
Iam looking for a clear Sell side liquidation on GBPJPY, possible move to the downside, thanks.
If it broke the 1.62693 then is probably gg for the bullish but if it bounce on 1.72751 then maybe we will get another HL/HH, dunno time will tell
The successful breakdown of the Bullish Trendline identified in my last publication on this pair negated the Bullish tendency projected (see link below for reference purposes). The consistent rejection of the $1,740 level in the last 7 days is a possible sign that the bears are finding it difficult to push the price below this level. Even as the...
It's been 3 weeks since my last publication on this pair and my bias remains bullish (see link below for reference purposes). Rejection of Y130.500 a couple of times at the beginning of the month (September 2021) resulted in a further decline which tested the Y128.000 zone to form a double bottom structure with hopes of Neckline Breakout in the coming...
EURO dollar vs US dollar on its Bullish reversal zone. support 1 + 1.1700 support -2 = 1.1664 Resistance -1 = 1.1780 Resistance -2 = 1.1840
Hello traders and investors! Let’s see how AMZN is doing today! This week AMZN dropped sharply, but is there any reason to panic? Let’s see. I would be worried if we didn’t see any bullish structure around, which fortunately, is not the case. We have a pivot point at $ 3,379.70, which is supposed to work as a bullish reversal pattern. The catch is that the...
Been a long while since i seen a shooting star pattern like this on a weekly chart but here we are the next few weeks are bound to be interesting if the weekly closes like this tonight.
As I said on the chart, is a patient game. This analysis has been made on H4 time frame.
ALICE weekly chart, potential inverted head and shoulder pattern ? lets see
The price action of the GBPUSD pair is establishing a new bearish reversal following yesterday's test of the lower boundary of the ascending channel. The latter is currently serving as a support-turned-resistance. The temporary pullback from yesterday was prompted by the August CPI numbers in the U.S. The market has already priced in these inflation numbers,...
Hello traders and investors! Let’s see how TSLA is doing today! Since our previous analysis, last week, it did absolutely nothing surprising, as TSLA just hit our second target/resistance, and we already discussed a scenario where it would do a pullback in the daily chart: “Even if it does a pullback, it won’t ruin the bullish bias. We have too many supports to...
The U.S. CPI numbers and British unemployment data tomorrow are likely to catalyse another directional swing on the price action of the GBPUSD. The pair is currently developing a major reversal following the recent completion of a Double Top pattern. The reversal comes after the price action had completed a major 1-5 impulse wave pattern, as postulated by the...
It's over 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and the appearance of a Double Top pattern is leaving me with no choice but to look out for Bearish momentum in the coming week(s). There is high hope for the Greenback in the nearest future as the focus remains on the Fed tapering timeline ...
The price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout |...
Three white soldiers on the 1h time frame indicating a reversal of the down trend and hopefully we’ll see more movement to the upside extra confirmation would be if the trend is broken and we will be looking for an entry at the retest , ensure proper risk management