Based on the chart, price reached a resistance area and yesterday a rejection form this area happened. Also the chart behavior can show us a weakness on buyers because we can not see a recent high on the chart(there is no higher and higher right now!)
So the weakness on buyers and the strength of sellers at this area lead me to open a sell position with a good...
Greetings fellow risk-takers!
The pair is GBPCHF, and buyers are getting exhausted around this strong resistance line. Two things are needed to break through this resistance: High-impact news or another bear run to collect momentum need to violate this resistance: the latter is likely.
It may be safe to ignore any buy opportunities at the moment until decisive...
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Here is our analysis for the EURGBP pair on H4 timeframe
Feel free to share your opinion
Thank you & good luck
USDCHF SHORT opportunity with absolutely ZERO RISK. No Drawdown.
Earlier the price broke the trendline to the downside, went back up to retest it and after fell strongly right to our TARGET of 0.92231 .
Pure price action and Clean chart.
Thank you for taking the time to check out my idea!
This information is NOT financial advice. This information is for...
Using a combination of technical analysis techniques with a start date of Jan. 1 2019, I have mapped out the next handful of ideal high price sell points.
Weekly analysis for ZSF2021
Week 47: 16 to 20 November 2021
After a long rally, retracement was formed (in a mini down trend channel) and it broke to fill the Supply Zone.
There two ways to trade this formation:
(a) Aggressive Mode
Solely based on the Price Action and we can reap better Risk Reward Ratio by sacrificing a small risk.
Sell Limit at $1,153
Stop...
Hi Traders,
It seems USD CAD found some critical resistance and is now testing the trendline in the daily timeframe. A break of this trendline can result in price testing the immediate support at the marked zone (Green). This move can result in some good short positions in the lower timeframes. So we suggest adding this pair to your watchlist.
For queries pls...
Hello traders,
I expect another decline for Silver with target between $19 and $20. If my analysis is right i think price won't go down any further because we have a WXY (corrective pattern completed ) where Wave (W) is a ZIG-ZAG Wave (X) is a triangle and Wave Y is a 5 wave Impulse decline
Great Rising trader!
ETHUSD is looking to have some drawback to the key area on my chart. I expect price to reach the key area, and rise for a nice profit on this beautiful Saturday! If you take a look at my chart on the daily time frame price broke out of the ascending channel that it was in, and moved towards the bears. This is just a thought that I am sharing...
