Market made another trend day - 120 pips to the psychological 140 level before pulling back. As mentioned since Monday, , we are looking for upside to 140.3 and even 141.5, that is almost 300 pips from the lows. Plan for today: Price is now basing above PZ. Hold above 139.40 and 141.5 could be in sight this week. If market goes down first, 138.5 will be a good...
Yesterday market made a dip before going higher. Market is much sideways now as it is nested within the zones. Still on track for my 140.3 target IMO. Look to buy the dips with 138.4 as a low risk entry
EURUSD just made a up move to resistance but seemed to fail. Looking for breakdown for a move to PZ and if break, further downside as indicated. Exact entry and exit will be shared in the group.
BINANCE:WAVESUSDT $FallingWedge $PatternFormation $TradingView Greetings, fellow traders! 👋 I'd like to share an intriguing chart pattern I've identified on the BINANCE:WAVESUSDT chart. It appears that a potential falling wedge pattern is forming, suggesting a possible bullish reversal in the near future. Let's delve into the details! 1️⃣ Falling Wedge...
#SUSHI #DEFI #FallingWedge #PatternFormation #TradingView Hello traders! 👋 I wanted to share an interesting chart observation I made on the $SUSHI/ AMEX:DEFI pair. It appears that a potential falling wedge pattern is forming, which could indicate a bullish reversal in the near future. Let's dive into the details! 1️⃣ Falling Wedge Formation: The price action...
Yesterday I was looking at some downside in EURUSD though the manner for that is not so clear. I was looking at either a move up (as price is above PZ) to first resistance for a short down or if PZ breaks, for a move down to weekly BZ. In the end the latter case happened as price broke lower, re-test the highs and lows was at the 1.0878 level I gave. On the other...
When I was writing the plan yesterday, market was at the bottom of the PZ. It bounced off exactly from there, hit the top of PZ before coming down. I said look good for a dip to 143.30 or even 143.15 for a good long (). Lows of day was 143.21 before it rallied 30 pips up. Overall, price action still looks not bearish to me. Price is still supported by the BZ,...
Yesterday, GBPUSD almost followed the path I gave. We longed from the buy level, it hit the resistance for a good 60pips where I said will see a sell and it came down another 40 pips. Anyway what is it for today? I said it looks bullish for EURUSD, but yet I am also bullish DXY. Yet, from the time I posted the EURUSD plan to this GBPUSD plan, DXY is strong...
Plan worked perfectly yesterday (), as price ranged within my PZ, broke out to 1st resistance, made a double top before crashing down on news to where? To my buy zone as stated in yesterday's plan perfectly (144-144.10 I said, USDJPY hit 143.98) and moved up 70 pips. What's for today? IMO price still looks supported. Price is now nesting within the PZ, possible...
Similar to USDJPY, let's look at the monthly and weekly candles since these have just closed. Monthly candle wise we can see a very bullish candle, but at the same time, market hit a strong resistance of mine last month and pulled back, and is forming what could be a bearish divergence on monthly (which is a very strong signal). Weekly wise, similar bearish...
USDJPY, I said we see a move to first resistance and sell down. I was right for the first part but wrong on the second; market nicely came down to PZ, then rallied to first resistance, sold back down to PZ for a good 50 pips and held there for hours before the US data resulted in another rally up. The levels itself are enough to make you money. But anyway, so...
I was looking for a dip for a move higher for EURUSD. The 1.0940 gave a good 20 pips up move but it tested the high and failed and came down, before recovering half way to end the day. This morning, now, EURUSD is continuing the down move at a key level + PZ level. Price is bearish below the two zones with a possible move to test yesterday's low 1.0896 and 1.0886...
i gave you the move from 143.80 to 144.60 yesterday on almost 0 MAE. () HOD was 144.61 and market pulled back, although only slightly. TBH price action is bullish, how to fade this? But 144.60 is an important resistance. I would say I am not bullish JPY but looking for DXY bearishness. Look for break of 144.30 for a move to 143.95 and even 143.40
Yesterday, I drew a triangle () and price was within my PZ. I said price to go down but almost immediately flipped my view to go long from the PZ which worked out perfectly as that was the bottom, giving a 3R trade. PZ proved to be a powerful zone as market made a second dip but was just bought up. 143.72 holds, 144.62 is target. A possible trade here is long...
USDJPY nicely followed the path I gave yesterday () , dip down from PZ to the BZ and came back up. I was short AUDJPY which played out well, but today it seemed that DXY will have a down day. USDJPY is still in a consolidation in a triangle type formation. But I am looking for a down in USDJPY thus on break of the PZ, expect further downside to 143.06 and 142.90...
The price has broken above the downtrend. There is a crucial level that was tested, and it might be where the buyers and Smart Money have filled their orders. Every other indicator is showing downside, but remember indicators are based on past momentum NOT the future. So we can expect the price to rally up before the next drop. But I'll let you know. 21>7 -...
Last Friday, market sold off after Thursday's somewhat bearish close. It sold perfectly to support before an equally fast recovery. Market closed near the mid point. Weekly chart looks bearish with price below weekly BZ. Also, looking at how the monthly candle at this point of time, my thought was that if price trades below May's low, that could trigger...
On Friday, I said PZ hold, 143.84 is next (). Despite the negative news, this was what happened exactly and market traded up 100pips from PZ and then it pulled back. This morning, price tested the highs, but broke down to bottom of PZ perfectly before bouncing to top of PZ now. Short term price action is slightly bearish. Watching rejection of USDJPY at 143.54...