Will the price fall? originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
First target in our last DXY analysis done ✅. Now in the second position we should move our SL to BE (risk free). And let the market play.
EURJPY is retesting a broken down trend and hence a rising movement is expected. Buy @ 120.255 TP1: 121.00 TP2: 122.70 SL: 119.00
The large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance. The price have then been ranging horizontally, after having broken this large uptrend line. Now it is time to consider the probability of seeing the market price fall a bit. The break of the lower part of the rectangles will validate that...
AMD completed Pattern and now in take profit mode.. $45 area lines up with perfect 618 fib take profit.. line drawn as B point is 50 retrace and that will be support then catalyst to the target.. very high probability $45 before taking out recent highs..looking to start a position at $45 rather than shorting to there right now.. good luck trading friends..
The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle. We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2. Let us know if you like our...
Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion. It actually following a down trend channel, completing two bounce and reaching the third one. We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support. Let us know if...
NZDCAD H4 - Pushing resistance, now, looking to see a rejection and selloff back downside. This has always been a better setup to buy from support, rather than to sell from resistance. Purely because it's bullish consolidation and the wick zone is clearer from support than resistance.
Two massive bounces and for the third time the price goes up, reaching the top end of the Bollinger bands. High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci. Let us know if you like our idea, leave a comment with your opinion and don't forget...