The news was not in favor of the US dollar, inflation will stop the dollar’s rise, the reversal evidence is clear on the pair, the wedge pattern and the lower tops and bottoms, and the break of the support level of 135.00.and the 20-50 moving average with RSI divergence Indicate the reversal.
At the end of the correction wave at Fibonacci level 0.618, formed a new resistance level at 163.20, I think it is a good entry point to follow the bearish trend, which became clear.
The bearish trend is still prevailing on the pair, the price failed to break the resistance area twice and formed a double top reversal pattern, breaking and retesting the bullish trend in the 30-minute time frame that will push the price lower
Short entry 24050-24444 Immediate TP 20k-20.8k line. (20%) Ultimate target area is 17k if not lower to 10/12K. Recommend to hold as i am seeing cause for major drops to come, especially with inflation on Wednesday. Trade smart and keep to the plan. Goodluck!
We see a break of support and Retest we are going short Beautiful Sell
Hello traders, The bears have taken control at a very significant level after the price filled a previous liquidity void. I expect to see the price in a bearish move for the rest of the week. Trade responsibility 😊
Hello, Investors following a rigorous analysis I expect this scenario
The US dollar pairs return to decline after corrective movements, the 200 EMA and 0.618 Fibonacci retracement, with the double top resistance level on the low time frame, I think it is a good entry point
AUD/USD returns to the bearish trend after the price failed to breach the resistance level of 0.7040, the first lower top formed a new resistance level that the price is testing now. The price is correcting its direction and the level of 0.6974 is a good entry point to complete the main trend
Hello traders, we are currently in a consolidation and according to the H4 TF, we are still not at any support level that would give me an opportunity to buy and therefore I expect another drop, as you can see on the H1 we are in the sell zone and due to that consolidation I will prepare as soon as I get a sell signal. Good luck with your trading! :) IMPORTANT...
BTCUSD break below 22000 Expecting a Sell into 20K area👨💻
Price has been trading inside the given parallel Channel since 2021 ! recently price tested the lower limit of the channel and got pushed up till 0.63515 where it was faced by another resistance zone and got pushed down ! Price is in the process of retesting the above said resistance zone before it continues with the downward movement . The notion of the downward...
Waiting for Price to React our Supply zone with strong conformation.
Price within Large bearish correction Price with Impulsive drop to the downside after price breakout from correction pattern waiting for one more push to the upside before the further drop to the downside
The bullish trend that lasted for two weeks has been broken, breaking what we were waiting for to complete the main bearish trend. The lower tops and bottoms with the flag pattern and the 20-50 moving average are good indications to go short.
Waiting for Structure breakout for some short selling opportunity after retest and proper conformation. trade safely guys and let me know your views in comments.
Price broke the ascending trendline and has retraced back to it. The trendline retest and price rejection on the daily pivot suggest a bearish move towards support level 1.0083. Targets at 1.0121 & 1.0083
The pair could not complete the upward trend, The uptrend on the higher time frame was broken, and the previous resistance confirmed its strength by recording a lower low. We want to go with the new trend that is trying to correct Fibonacci levels. the 0.5 fib retracement and new resistance good entry point to sell