– Previous Daily candle closed strong Bullish around 1998.700 forming strong Daily Support around 1977.600. – Buys on close above 2005.500 targeting 4h Resistance formed on 16th May 2023 around 2012.300, Leaving Runners to the Weekly Resistance formed around 2017.300. – Sells on close below 1996.000 targeting 4h previous Resistance around 1991.900, Leaving Runners...
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.654 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.654 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149 zone, USDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149 support and resistance area. Trade safe, Joe.
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6075 will confirm the bullish momentum. The measured move...
After turning overbought on the 1D time-frame (RSI = 68.344, MACD = 0.008, ADX = 40.692) EURUSD made a HH at the top of the November Channel Up and got rejected. We expect a pullback all the way to at least the 4H MA50, and as it is confirmed by a MACD Bearish Cross, we are already short and targeting a little over the bottom of the Channel Up (TP = 1.08425). See...
Well.. Gold has been incredibly kind to us! We managed to catch the top perfectly in May, giving us a massive 2500pip profit. The move down (wave A) was a complex ABC correction, which ended in October. Once we completed the bearish wave, we managed to forecast ahead and plan for the bullish move (wave B). We are still holding our initial entries and looking for...
Good evening from Ukraine! Dear colleagues, I am glad to welcome you! Too good to be true Work plan. Thank you all for your attention, I wish you success. Sometimes you win/sometimes you learn. - thoughts out loud - thoughts out loud - thoughts out loud P.S. ...Think positive
Last position closed at B/E as we saw the previous high get taken out. I have re-analysed the waves & changed on the charts. Expecting 1 more sub-wave to complete Wave 1 (Wave V). I will wait for an impulse move down (Wave A) & enter on Wave B correction as it’s the safest route.
AUDUSD D1 AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25. In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the...
The EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900: The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us...
Dollar Index broke and closed below a key horizontal daily support this week. After the violation, the price was coiling for some time within a narrow horizontal range on a 4H time frame. The release of US housing data on Friday was very bearish for the Greenback. The price violated a support of the range, giving us a strong intraday confirmation. We may...
Yellow solid lines mark the trading range. Yellow dotted will be future MP centre and level of interest. Lower yellow price will be support with bulls pushing back up. Upper blue line will take turns as support and resistance. Lower blue line will be final destination subject to PBOC refixing rate. Precise entry level tough given slim volume up here. I'd...
This is my Intraday analysis on EURUSD for 21 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Bullish Swing continuation happened as expected and we created a Bullish BOS. After a BOS we are expecting a pullback and first sign will be a...
– Previous Daily candle closed weak Bearish around 1977.800 as price respects the Daily Resistance formed on Friday last week. – Buys on close above 1983.600 targeting Monthly Resistance formed in May 2023 around 1989.700, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. – Sells on close below 1973.700 targeting 4h Support formed...
The US dollar index (DXY) experienced a notable decline, hitting a two-month low at 103.6, following its sharpest weekly drop since July. This downward trajectory was fueled by weaker-than-expected inflation data, solidifying expectations that the Federal Reserve might refrain from raising interest rates, leading market sentiment to anticipate potential rate cuts....
Having been in USDJPY for the past 3 months, the time has come for all bearish confluences to line up and for the Yen to get on the correct side of currency value with help from a dollar that is set to decline. There will be no more rate increases. America is on the edge. JPowell knows it. Not financial advice. I see a fast furious dump coming down to the 1.44 and lower
Leading on from the 2D TF update, this here was the liquidity grab that we saw. It broke below the bullish accumulation zone, now slowly pushing back into the zone once again! Keep accumulating your buying orders while prices are cheap.
If you look carefully at the orange support zone, you'll see price dropped below the zone to grab liquidity but failed to close below it, leaving behind a huge wick on the 2D TF. This is a good bullish indication📈