As you can see, we are in a confirmed two-layer ascending channel structure. We have already been rejected by the ma200/W. This decline brought with it the bear flag formation, which is a continuation / decline formation. As for the ascending channel breakout, it looks like it will show us a deeper bottom.
The 10 and 50 period exponential moving average intersection, which is one of the intersections that I take into account, has been confirmed. For this crossover to remain fake, we need to see a 1-day close above the 10-period exponential moving average at least. Considering that the market situation is not good in terms of fundamentals, I think that the decline...
hello everyone as you can see from the signal we published on 11 July almost all targets have been touched And 150% profit was obtained without leverage. so what will happen next? as you can see the lowest level is pointed in the chart and we will wait for this area to buy dogecoin and wait for big movement. you can open a short position for this too we will...
Looking for the AUDJPY to tumble and fall as market flows into the yen continue. The only problem I have fundamentally with this pair being short potentially is the fact that it usually equates to the Indices being a short too. We just have to trade what we see.
the lines drawn are the trends, based on the market behaviors. some lines are short term ones, and chart patterns. i will make you go through it. the two black line and one dark black line, are the major trend, where the stock should be following, but since IT sector had gone week past year, and much FII selling had come through, the stock needs to come to its...
Eurnzd never gave us the reaction we wanted from our bigger demand zone so now we are looking for trend continuations... OB highlighted is one of our only unmitigated zones left in our current range... We will be watching for a reaction and entry from this zone! LIKE THIS IDEA? BE SURE TO HIT THAT LIKE AND CHARE BUTTON!
If you are looking for a way to tell the strength or weakness in the dollar against other currencies, one of your go-to areas should be the DXY CHART. Impeccable Right? It has by far become easier trading the dollar base and quotes by simply anticipating what the DXY would do next. Over a period, the DXY has been dripping down giving away the weakness in the...
Following the rising wedge continuation pattern on EUROJPY could have the pair dripping into its previous lows. Currently bearish bias on this one. NB: Not a financial advice!
Hi dear traders, hope you are surviving the current bloodish wave in the market. Since we have forecasted the movement in almost an accurate rate we did survive the overall negative hype on the week. So What's going on Bitcoin? I am still bearish till something content-ful market impact took in place. For now, $12,200 area is the next strong resistance line if...
EURAUD, the pair is in bearish consolidation after rising to 1.57000 levels. When we set Fibonacci, we see that we are now at 23.6%. We have already had a breakout below this level, so we could expect further declines in the euro against the Australian dollar. The next target is at 1.52000, around 38.2% of the Fibonacci level. We could also test 1.50000 if the...
I believe Ross is going to turn down again based on a resistance line that has been in effect for more than several months now.
I will be looking for the EURUSD to carry on dropping today. This is also true for the GBPUSD, EURJPY and GBPJPY. Being short 2* GBP*** means I am doubling up my pound short exposure, same for the Euro. The US dollar is strengthening into the London session open
EURUSD Price is still in the large downtrend and current price action is currently a large exhaustion indicating further downside momentum. A break below the 4 hour time frame 50ema and followed by a retest will also create a lower time frame bullish to bearish trend change and will be my go to entry for a short, id price breaks back to the upside this current...
Welcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
A massive downtrend for most EUR pairs is expected. The same applies to the EUR/JPY.
i was waiting when the market will open and my waves will get confirmed, today by a gap down opening, and not breaking out the trend line, i was final with my 5 wave correction. nifty will correct till 16550 level. this week will go in a correction. HAVE A GREAT LOOK ON THE RSI TOO.
I love the clear break below the uptrend trendline and would expect the continuation of the downside pressure. Although right now a pull-back up should take place, presenting an interesting selling opportunity.
Regarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C . Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again. For SHORT side Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal...