GBPUSD POTENTIAL LONG
IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+...
This idea is based on the weekly and daily supply area being reached on CAD/JPY, the CAD pairs experienced a big push last week based on fundamentals. What we often see is that price is reaching supply or demand area's after this news event and a lot of retail traders are being trapped at the wrong side of the markets.
For CAD/JPY I expect a...
previous analysis :
currently the price is hitting the resistance and forming a bearish butterfly pattern, but I will only focus on finding a buy position.
which is when the price is testing the 38.2-61.8 area which is the default target of the butterfly pattern. the final target is at 78.6...
descending triangle formation on usdcad.
the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear rsi divergence.
our bias remains bearish and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm bearish sentiment of its...
The reason to have a look at this pair is because both EURUSD and USDCHF got bearish harmonic patterns.
and here we got this double top after the Swiss rate annoucement.
Would like to take this short and put the out above 1.1020!
Let's see how it goes yo!
The Dollar reached our first target, being the daily long-term trendline, which is holding the Dollar in the bullish trend.
If we look at the Daily chart, price is in a short-term trendline and created a daily lower high in the middle of the week to reach the daily trendline. From here, price is sitting at the .382 fibonacci retracement combined...
GBP/NZD is reaching some value after a strong drop from Monthly and Weekly Supply, the overall price-action looks clearly bearish with a trendline rejection on the Monthly Chart and Supply. However, price is likely to pullback
after a daily trendline is taken out and most often, all the way back to the initial start of the move. This way,...
Last week a solid long-trade was taken from the daily trendline bounce, after running around +400 pips in profit we decided to take partial profits and let the rest run with our stoploss at BE around that 1465 area.
At this moment, gold is sitting at the daily retracement level .618 and .75 and a third touch trendline, pushing price to the...
Quickly want to add some ideas here, the DXY is likely to pullback a bit and create a potential daily lower high this week, if that happens AUD/USD & NZD/USD might be interesting for longs.
The weekly chart closed last week as a big low test candlestick pattern, rejecting the newly created demand zone at the weekly, the daily chart had a nice star...