This is on the 4H chart, and we can see a strong support.
Take a look at the chart:
1. Price fails to break support
2. Fails again
3. Breaks support
4. Retest
It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical...
Price seems to go to retest the support zone. Patience wins, so let's see if the support zone will cause rejection or we will see continuation towards trend line below for future long trade opportunities.
Today, it's my first time that I analyze one of my commoditie appreciate and it's Silver. Waoh, I'm make this analysis becuase I'm interesting in the future bought and accumulate Silver .
So, in H4 timeframe Silver is steady today!!! So, that put that this asssets it's goes to the $26.26 USD (that is my own target profit).
Now, we see that Silver is into this...
In this analysis, I updated the Weekly and Daily zones!!!
Looking in Daily timeframe, we are clearly so bullish.
Now, looking in Daily timeframe, the latest candlestick that was closed it's an bullish of market indecision and then, the trend on Bitcoin could be to experiment any pause before to continue toward the $12,000 USD, that is my exact key level!!! So,...
In this analysis, Ethereum is break down the bearish rising wedge and right now, it's seem that Ethereum is making a pull back before to down!!. That is exactly in the H1 timeframe.
Lookin in the H4 timeframe, we are in this support and resistance, well, well, in the past Ethereum make an resistance and drop, then break up the resistance and confirm as support,...
This is a market we have been discussing heavily in recent times. Price has been holding at the intraday price flip support level and consolidating.
As discussed yesterday, for price to make any sustained moves back higher it would need to bust through the intraday resistance.
Whilst price attempted to make a move back higher in the previous session, it ended...
Use proper risk management,
TP 25 to 30 pips from entry
SL 20 to 30 pips from entry
Once either zones are broken wait for the return to the zone and continuation to enter.
Price has reached the long term resistance and rejected.
Looking for price to go to 1st target.
If it breaks trend line, I expect a continuation down to intermediate support.
All I see is a selling opportunity as price rejects the 4H resistance level in a downtrend as we see price making a Lower High and a Lower Low.
It pushed a bit below the R level which will make me get a good entry on the lower timeframes.
AUDUSD this pair now is so irrational and manipulated at the moment like the stock market,because aussie is almost 100% correlated right now with the stock market and after stock market is going to go for another leg down this pair will go with it,also RSI is confirming that to me, the pair started to make weaker and weaker impulsive moves to the upside so soon it...
As you can see the high and lows tested in the uptrend are re tested on the downtrend blue circles. Blue = uptrend, Red =Downtrend. This is how it works. The indicators only help confirm after the retest it's sold.
EURGBP at a crucial stage, will we break lower to break out of this range or will we push higher to stay range bound.
Either way i have my two ways i will be trading this pair.
Lets see how it goes.
Any questions feel free to ask
Looks like it's bouncing off the daily to continue bullish. But do not be surprised if we revisit the trendline or go underneath it a bit.
The large drop may give it a reason to test more bearish waters. Not much to say on this one. A trendline break will signal the bearish continuation if there is one.
BULL TPS:
• 144.356
• 144.844
• 145.638
• 146.961
...
Gold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short.
The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action.
But technical analysis still screaming this is a big big short. Let's see.
BEAR TPS:
• 1550.55
•...
AUDCAD looking like a buffet with that super-strong doji on the weekly. The strong bearish move was unphased last week and barely made a juke at all. It did a rejection at the daily and it looks to be forming a pullback on the 4hr.
The weekly shows a large rejection like the downward move has come to a screeching halt. But one way to know for sure is to see how...
