This is a Pattern week as it develops. Extremely nice obedience of the market to the advanced patterns that are coming up. One more to play on NZDUSD
US Dollar Index had rallied past 100.47 levels on May 11, 2020 before reversing lower. We have adjusted the triangle termination according to price action on the chart here. Earlier, the index had dropped from 103.00 through 98.27 levels, Wave 1 on the chart. Since then, a triangle structure has been unfolding, which completed around 100.47, Wave 2 on chart. If...
The price bounced off the bottom border of the Range Channel. We are in the local downtrend that's why sell is also possible, but only if the price will cross the border and fix below. Now it still a bullish pattern. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
hey guys, USDJPY is on a strong daily and 4H structure. after a strong bounce from 106.0 level, the price is correcting itself and we see a classic falling parallel channel called a flag pattern. with this pattern, we assume that the current local bearish movement is just a correctional, and bulls are just preparing for the next wave. the trigger is always a...
As you can see at the daily NZDUSD chart the price is squeezing under the Support/Resistance Zone. After such an accumulation, we can open the buy position above. Waiting for the entry. I'll make an update if it will a nice chart pattern. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
If you want to buy this instrument it's better to wait for the pullback to buy zone. Don't open the position today because of the ATR. It's possible tomorrow. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
The price can be stopped by the Support/Resistance Zone. But if it will be broken eurusd will continue to rise to 1.0990. This is not a strong zone but an intermediate. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
GBPUSD can rise to the Resistance Level. We will see the market reaction after the news today. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
The price is above the Support/Resistance Zone and can continue to rise up! The local trend is bullish. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
The US dollar has been within this descending channel since April. The dollar opened up with a gap last Monday then surged to the upside and closed with a pinbar on top of the channel. We can also see an ascending channel on the 1hr time frame as it approached the top of the channel. We expect a continuous bearish price action for this pair during this week.
GBPUSD supported again by the Resistance Level. It can start rising from this place. Use the only predictable stop loss Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
Morning guys! EURNZD is retesting a key daily structure. due to a current bearish sentiment on the pair, we are short biased here. moreover, daily structure matches perfectly with a recent 4H/1H structure and we see a double top with a lower high formation on that! as always, our trigger is a bearish breakout of minor structure support 1.7765 (1H candle...
The dollar index has nosed its way out of a bull flag after it has been coiling up in there for the last few weeks. If it spikes from here, having now freed itself from the flag, stocks will get crushed. We just need a catalyst and this thing is wound up so tight that it won't take much of one.
this evening I expect a pullback on BTCUSD! the price has recently broken and closed above minor structure resistance and now we see a retest! chances are high that the price will reach 9400 level soon!
The charts show FXCM's USD index (USDOLLAR). The left charts shows the daily index powering into the black 20-SMA (aqua ellipse). If it overcomes this SMA resistance and the daily RSI moves above 50 (blue rectangle), it will be bullish developments. The right chart shows a strong intraday impulse with the EMAs (5-hour EMA >10-hour EMA) in bullish mode (green...
This situation looks bullish. It always strong movements after the accumulation inside such figures. If it will rise from this place potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
US Dollar Index might have finally terminated Wave 2 triangle at 100.40 handle last week. The index reversed sharply towards 99.10 levels before finding some support. At a lower degree, the US Dollar Index might have carved wave i at 99.10 and could be carving a potential wave ii around 100.00 levels as we write the article. If the short terms counts are correct,...
hey guys, tomorrow pay attention to USDJPY! the price is very close to a strong resistance area based on a horizontal structure and resistance line of a wedge pattern. I will be waiting for a reversal formation within the underlined zone to short the pair! good luck!