The currency pair broke the resistance of the descending channel a few weeks ago, but after the breakout a consolidation is formed, which in this context can be perceived as a trend continuation pattern. In our case, a trend change is forming, which means we should wait for the continuation of the upward movement. Against the background of a possible fall of the...
Hello,Friends! Bullish trend on AUD/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 98.222. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.069 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.109. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.976 level soon. P.S We determine oversold/overbought...
Clear 4 graded resistance level in GBPJPY. Target is the nearest FTA that is formed below. The stop is above the thrust candle. Good luck!
Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.082. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.080 level soon. P.S Please, note that an...
Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 22.341. The above observations make me that the market will inevitably achieve 22.863 level. P.S Overbought describes a period of time where there has been a...
Here is our detailed technical review for US30. Time Frame:8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 38818.55. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 39218.35 level. P.S We determine...
Hello traders ,what do you think about GOLD?In the daily chart of gold, the structure of the market is sideways and the price fluctuates in a downward trending channel and is currently at the ceiling of the downward channel. On the last trading day of last week,gold broke the resistance of 2035, but the volume of transactions decreased compared to the previous...
USDCHF LONG Trade Reason : 1.Day support zone 2.4 Hour Trendline breakout and Trend reversed . 3. wait for proper Retracement Level . Then Execute your Trade . Thank you ..
4H rejection off this support area. 15m many rejections demand area. looking for a nice push up great risk to reward setup
NZD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2...
Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new...
JUPUSDT showing a new increase in volume that could enter a new increase in the coming time frames. exactly this trend point can become interesting. We will follow up in the coming time frames to see if its able to confirm.
BUY ABOVE - 46300 SL - 46100 TARGETS - 46450,46560,46750 SELL BELOW - 45930 SL - 46100 TARGETS - 45730,45570,45330 NO TRADE ZONE - 45930 to 46300 Previous Day High - 46300 Previous Day Low - 45730 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22060 SL - 22020 TARGETS -22120,22170,22230 SELL BELOW - 22940 SL - 21990 TARGETS - 21890,21850,21800 NO TRADE ZONE - 21940 to 22060 Previous Day High - 22060 Previous Day Low - 21850 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Broken trendline retested supply area being tested broken structure 1:3.5 risk to reward setup