Since my last publication on this pair (see link below for reference purposes; the price has moved a little above 50pips in our direction as we witnessed a transition into a consolidation phase which also explains the doubt/indecision in the market in the last 3 weeks. Despite observing multiple rejections from the $0.69200 area in the last week, I suspect that...
It has been a while since I looked at this pair from a long term perspective but the temptation in the present contraction in the market can not be resisted as I identify a trading opportunity building up for an explosion! The British pound rallied from the Demand zone during the course of the last two weeks but since the 9th of July 2021, I have noticed that the...
We are yet to take a position since price action negates the Bearish expectation projected in my last publication on this pair (see link below for reference purposes) as price broke out of the Bearish trendline to find a new high. The current structure appears to have clues that support selling opportunities as the price is at a zone that has accumulated bearish...
RKDA hit support and is coming back up - looks like a promising long play - check it out. NASDAQ:RKDA
Buy EURUSD after it appeared reversal failing wedge pattern EURUSD TYPE : BUY TF : H3 ENTRY PRICE : 1.1795 STOP LOSS : 1.1735 (60 PIPS) TAKE PROFIT : TP1: 1.1815 TP2: 1.1850 TP3: 1.1890 TP4: 1.1935 TP5: 1.1980
We broke out of the double bottom and we're going to see a retest of the $40 breakout. If we hold that we can see upside towards the descending resistance trendline, we break that, move through the supply zone, and go above $70, we have confirmed that we are out of the downtrend we've been seeing the past month. This is my first published idea, since I'm feeling...
Price currently in Monthly range zone 1.18206 - 1.22313. Daily RSI shows Bearish Divergence & Hidden Bullish Divergence. Bearish Divergence is when price made reversal from top of zone to bottom. The hidden Bullish Divergence has been slowly getting created. The marked circles are hidden bullish divergence which means trend continuation to upside. There has been a...
We scooped over 500pips from our last publication as price moved aggressively in our direction ( see link below for reference purposes). Earlier in the week, we witnessed high volatility as price hit a high at CA$1.28000 ish only to fall drastically during the week to close below a major Support/Resistance level @ CA$1.26300 with signs expressing doubt of buying...
It has been over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and the pattern of consolidation above our previous Key level @ Fr0.91500 (see previous publication) coupled with the significant Breakdown on the 8th of July 2021 informs a Bearish perspective that could either be a long term or most likely...
With over 300pips in our kitty as predicted in my last publication (see link below for reference purposes); the Price is back at around $1.38ish - a level I advised that we add sell position ( see previous publication). The successful Breakdown of Key levels on the 18th of July 2021 emphasizes a risk of further decline in price for the Pound in the coming...
With over 150pips move in our direction since my last publication (see link below for reference purposes); I have identified a trading opportunity we can take advantage of as the current structure reveals a possible reversal for a rally in the coming week(s). After plummeting earlier in the week against the Japanese yen, the USD turned around to show signs of...
It seems like GBPCHF is forming a cup and handle pattern, and as you can see on the chart, there are some indications that we might be at the bottom of the handle : 1. ABCD retrace from the recent high in the weekly chart and the daily chart 2. weekly candles closed above the channel ( channel break ) 3. we are currently in support zone 1.2500 4. immediate...
Buying at the 1.13 Fibonacci Extension and will hold until price reaches 10-12 dollars.
Reason : - Price breakout the trend channel last week - Price Breakout the second suport area at 109.792 - 5 candle close below 200 EMA and did not touch these line (Reversal Signal) for bearish continuation - Next Target Posible at area between 109.337 - 109.191
The Awesome Indicator showing signs of reversal with 2 bottom peak below zero line, swing low 1 and higher swing low 2. possible entry point is when the AO is crossing zero line. Some people will enter after 2 consecutive green line at the higher swing low 2.
I'm predicting a short on Apple this week. Put's slightly OTM will give 500% return. I will wait until the open tommorow to read price action and if everything follows our plan I will jump in. I plan to hold until Wednesday morning.
OANDA:USDCAD This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get...
Price currently at bottom of monthly zone. Weekly sellers exhaustion. Creating a reversal pattern on 4H. Also Bullish divergence on 4H. Expecting price to break out of pattern and reach TP 1 and TP 2.