though I have bought gold from 1460 and have already taken profit from the trade,
I still believe that the price may grow to the 1480 level.
Currently, the market is back again trading above the recently broken structure level!
it is a very good indicator of a false structure breakout so with quite high...
EURUSD has retraced from 1.1 support this Thursday
and I believe that bullish tendency will remain at least until 1.108 level.
I have placed an alert on 1.108 and will try to catch a bearish continuation to the support of the range.
Wait for a confirmation on a lower timeframe before entering the trade.
It is likely that this pair will make a bearish breakout from the current range.
In that case, we wait for the breakout happens (if it goes up from this supporting level, then just skip this idea), then it will make testing to the breakout level, then we can consider with a short sell.
USDCAD has started to approach my marked area which consists of:
1. The red trendline worked before as a support and now it should act as a resistance.
2. The black trendline should also act as resistance. They both make up a crossing area, which is great!
3. AB=CD from the bottom and D point is exactly around the crossing area.
4. Smaller AB=CD-s
It's good to consider a buy for AUDJPY if the current candle closes with favourable rejection from the blue supporting level.
We had both long-term on D1 and H4 chart which confirming a chance to trade with the uptrend.
Set R/R for 1:2 and the target is at the arrow.
The market structure shows weakness for EURUSD and this trend may continue to last till the end of this year.
Price may make a correction from daily chart perspective back to 1.1075 to test its major resistance before resuming the downtrend. (Look for the arrow movement)
We just look for the action after price makes a correction only.
We have obvious downtrend on H4 chart and
price continues to be below its resistance level; hence, we are expecting price continues its current downtrend back to the last supporting level at the arrow.
this Friday pay close attention to a falling wedge pattern on 1H.
If bulls break and close above the resistance line of the wedge,
I believe that we will see a pullback at least to 1.104 level.
pair is heavily oversold and on 4H we see a clear divergence.
stop will be strictly below the lowest point of the wedge.
NZDJPY is currently consolidating within a horizontal range.
Pair is coming closer and closer to a major falling trendline.
I believe that we will see a selling reaction from it.
For confirmation, we will be waiting for a bearish breakout of the range.
Target levels: 68.0/67.0
On a daily EURAUD is facing a key rising trendline.
Bets are high that the market, at least partially, will respect the trendline and we will see a pullback.
Pay close attention to a falling wedge on a 4H and wait for a bullish breakout of it to buy the market.
Target levels will be
Stop will be below the...
I was asked a lot about USDCHF.
Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.
for now, it is...
this is the update for the recent idea on USDCAD.
so the pair is on its way to the identified zone of supply.
the price is coiling within the rising wedge formation and I will be looking for a bearish
breakout of the wedge to short the pair.
targets will be 1.321/1.314
stop will be strictly above the...
In my view, AUDNZD will be bearish the following days.
The market has recently reached a major trendline and we see a clear rejection + dodji formations.
+ note RSI divergence
I think that the pair will drop at least to 1.07 & 1.06 stucture levels.
The Russell 2000 index is made up of 2000 small cap companies that feel the effects of shifting economic and monetary policy to a larger degree than larger caps. So far the Russell 2000 has not made all time highs, in fact its still stuck in its range. The S&P, Dow Jones and Nasdaq make high on a daily basis nearly. So the Russell needs to catch up should equity...
GBPUSD is steadily going down.
Though typically the pound dollar pair is very impulsive,
this movement from 1.296 structure resistance is very passive.
I think that buyers are consolidating their buying positions around 1.28 structure support area.
For confirmation, I will be waiting for a bullish violation...