We had an inside bar on Friday, with a small range.
At the moment we are seeing a correction. The pair rushed to the support level around the 1.1440 level, from which we expect a reversal. Taking into account global trends to weaken the reserve currency, we believe that the upward movement will resume and the pair will reverse from the above mentioned support level. Therefore, we advise you to look for points to...
The SPX500 Index has suffered like all the other indices and markets from what looks like massive sell orders which cause the price to drop down, and now it seems the price has a Technical retracement, I measured the last downtrend on a daily chart with Fibonacci and find out that 61.8 level is a great one for continuation sell position, it's 61.8 Fibonacci level,...
Hi Guys, EUR/USD made a pull back at 50% fbib. level, made a doouble bottom and from the current level I think that we can see a bounce further to the upside doww.
On this pair we have a large triangle patter, at the moment GBPJPY trying to break above boosted by better GDP data exp. 0.1/ act.0.2. If bulls will have enough steam to break upcoming levels are pointed by dotted lines and a final target blue line.
Hello everyone! We have a nice opportunity to short this pair... -perfect 61.80% rejection -Waiting for the break of the counter trend line -Strong Bearish trend line (white line) Perfect target: 107.250 Have a nice weekend!
ENTRY: 0.67892 SL: 0.676 TP1:0.682 TP2: 0.69 RRR: 3.93 Want to learn how to trade? Want to EARN while you LEARN with our signals? Want to be apart of a community of traders of all levels? Looking for extra income? Want to change your lifestyle and become a better trader? Through iMarketsLive WE can help you no matter what skill level you are at. Join us today...
Double top around 61.8 fib, let's see how low can we go from here. Please keep in mind that these are not trading signals, use your own analysis before taking any trades. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
Wednesday was a crazy day for us in the market, we had a couple of losing trades, but that is ok we were in the green by the end of the day, and everything thanks to our trading plan. tomorrow we will be looking to take some shorts around the 61.8 fib level if the market keeps pushing higher, in the other hand S2 looks like a nice place to take some longs. Please...
As a price action forex trader, my trading decision based mostly on Supply & Demand, the EURUSD now is bullish, and if we look at the daily chart, we can see that the next supply is Waiting at 1.1720, therefore I believe the price will tend to reach there, in order to join this bullish momentum, I'll wait for the price at the new fresh demand below, this demand is...
USDCAD very extended bull run, there is possibility that price reached a top and can reverse from the current level!
At the moment we are seeing a correction for the pair. And this is a great time to enter long positions on this instrument. Given the current trend, the last candle is more corrective than reversal, so we believe that technical indicators will not turn around for a sell signal. The correction may lower the pair to the level 1.1510, after which we expect the...
GBP/USD was strongly capped on dollar weakness, that's indicate that pound is not rready to go higher, brexit is playing very important role on pound moves. 14 of January is a big day for GBP pairs, I'm forcesting that May will lose on her Brexit deal and pound will fall to my lowest target.
I hope you guys had a great day in the markets, not much has changed for tomorrow, we still have the 61.8 fib on top of us, which could lead to a small correction, for now buyers are in control in the short term horizon, therefore, its safe to buy the dips. Please keep in mind that these are not trading signals, use your own analysis before taking any trades....
Well, EUR/NZD formed SHS pattern at 50 % fib level, we would like to see a neck line broken for a further down side !
As a price action forex trader, I trade only at supply or demand levels, those levels also function as a final target for my positions, in the picture I attached we can see the support zone Below, if the price will breakout this support it indicates the price tends to reach the demand below and maybe the demand at the bottom, if the price will break the support,...
The pair entered the ascending channel marked up with blue lines. We can also consider the current position as inverted head and shoulders pattern. The resistance level is at the 1.2780 level. We suppose that if the pattern will be finished, the pair will be able to exceed the upper limit of the channel. Therefore, we advise you to take long positions. Consider...
So yesterday i was expecting a rejection from the 50% level area, too bad it happened in the overnight market. Moving forward I can see that the market is pushing higher, i will expect a correction, but if the market keeps pushing higher i will be looking to take some shorts at the 61% fib level, which in this case is really close to R3. In the other hand, 6400...