After reaction on 78.6, possible Butterfly harmonic pattern on external retracement 127.2 (62500-62600). There is also S/R zone.
Hello traders, our trade is going on as planned, however with the current outlook on the EURUSD, it seems a double top is forming on the H4 TF (more visible on the H1 and H2 TF). This could mean buyers should be cautious or lock in some pips on the long trade. The 1.16400 is an important price to be monitored. If bulls are unable to push below this price, then we...
Hello, traders! Based on our EURUSD lookout, I emphasize that a double top formation formed on the weekly TF in which the neckline was broken. Right now, the price is heading to the neckline (around 1.17) for a retest (where we took our short-term long trade). Looking at the D1 and H4 TF, it seems the price is retesting the median line and the broken short-term...
AUDUSD has reached its channel top with RSI divergence in the 1H chart. The 0.7480-00 area can provide resistance as there lies September's high and previous tops, We cautiously open short positions at current levels adding more at 0.7500. We will set our stops above 0.7530, targeting the 0.7440-50 area...
GBPUSD. We are sellers at the 1.3825-35 area and we are going to add more at 1.3855. Stops above 1.3865, for 1.3780-90. The momentum of the move is strong, so we keep our positions smaller and we will be searching for buy setups after the correction...
NZDUSD tested the critical resistance area at 0.7100 during the Asian session where sellers emerged. We believe that a larger correction could be unwind from here. The break of 0.7065 will give cofirmation. Initial short term targets are 0.7045 and 0.7020. But as we see from the daily chart that follows, the correction from this resistance could be deeper. Our...
USDJPY is testing for once more the top of its rising upward channel. Besides of the channel the pair is testing multi highs at the 114.35-65 area where we believe that sellers would emerge aggressively. We have opened SELL positions at 114.35 preparing to add more on any new upside towards the 114.55-65 area. We will set our stops above 115.20 for 113.20 target....
Get ready for the long term bullish GBPUSD using Wickoff methodology accumulation phase analysis, GBPUSD in the middle of phase D accumulation..
USDJPY is testing the upper side of its channel and a retracement from these levels is possible. the 113.00-10 area should be a probable target.
AUDUSD is testing critical resistance at the 0.7350-60 area. Besides the hourly readings that we see in the chart, the pair is also testing the basic down trendline that we can see in the Daily attached chart (yellow trendline in the hourly. The move will find us sellers at current levels adding more at 0.7360. We'll set our stops above 0.7385 targeting 0.7315...
GBPUSD: The false break of the resistance at 1.3655 and the reversal hourly candle alongside with overbought RSI readings make a retracement towards 1.3610-15 a probable scenario. We will set our stops above the highs targeting 1.3620 and 1.3600.
USDCAD. The pair is approaching critical support area at 1.2420-30. There lies the trendline of the channel that contains the move, previous lows and S1 support from hourly pivots. We will set BUY orders at these levels. We will set our stops below 1.2385 targeting 1.2460 and 1.2485.
Chart shows the possibility of the Cup And Handle Chart Pattern and it's target.
Chart shows the possibility of this week trading target.
Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. Entry possibilities: bottom of the flag Breakout of the flag StopLoss: Below the flag Target: 50% of the pole and 90% of the pole after breakout.
Chart shows the possibility of the Trend Channel and it's target.
Chart shows the possibility of the Right Angled Descending Broadening Wedge Pattern and it's target. A right-angled descending broadening wedge is a bullish reversal pattern.
The descending broadening wedge is a reversal pattern and is bullish in nature.