GBPCAD has reached a wide daily supply zone.
the price went rejected on Friday confirming the strength of the underlined structure.
on 1H the price dropped with a strong bearish impulse (flag pole) and currently is trading within a horizontal parallel channel (bearish flag pattern).
sell signal for us will be the bearish...
The technical cross-section**:
A strength of trend: 2
Overbought/oversold : overbuying
The priority area of transactions : buying
Buying in the area of 1,1750 with a stop below 1,1710 and a profit in the area of 1,1850.
Buying in the area of 1,1640 with a stop below 1,1600 and a profit in the area of 1,1750.
Hello Traders Investors And Community, welcome to this analysis where we are looking at ethereums 4-hour timeframe perspective, the recent events, the current formation and what can be anticipated from ethereum the next times. The resistance I mentioned ethereum had on daily timeframe perspective now confirmed properly as a strong resistance which established over...
Hello Traders Investors And Community, welcome to this analysis about the stock value EXXON and its current status on the monthly timeframe perspective, the massive formations which can be derived from it and what to expect from the stock the next times. As I pointed out in previous analysis the corona crisis has opened huge gaps in the economy where real economy...
Hello Traders Investors And Community, welcome to this analysis where we are looking at NZDUSD 12-hour timeframe perspective, the recent events, the current formation forming, what to expect the next times and possible confirmational scenario. NZDUSD move in a protracted uptrend which is currently showing weakening signs where it is also approaching resistance in...
Hello Traders Investors And Community, welcome to this analysis where we are looking at GBPUSD weekly timeframe perspective, the massive formation it is building up there, what we can expect from it and what it needs to fulfill for a proper confirmation of this huge formation. The last months and weeks GBPUSD was in a steady but week downtrend with several lower...
The GBPUSD has finally rallied to the previous level of structure resistance that we had on our radar. Now although we had a nice candle to close the week, we must remember that not only is it the close of a week but also the close of the month.
A good sign of confirmation for a little relief lower would be a lower low, lower close candle.
See EURUSD Weekly Sell idea linked below:
We bounced off at monthly downtrend line and closed under it (profited 100 pips).
Wait for 1.1700 handle to break and close below (indicate seller power)
Enter at retest of 1.1700 handle as new resistance level
I recommend taking profits in 40-50 pip ranges to lower...
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone.
Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is...
Gold continued its relentless rally as it gained $74 for the week not allowing even a single negative tick. The close above $1900 made the handsome gains pretty obvious as once the all time high is crossed its certainly no looking back unless there is a dramatic turnaround, not only it created another closing high but now the support moves a notch higher near the...
AUDCAD bounced off top of channel as expected (see past AUDCAD idea linked).
This trade profited over 100 pips.
Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side.
1. Weekly trend is still downwards.
2. Weekly RSI overbought, now in a strong sell zone
Once we have a break of channel, sell...