here we can see DXY is showing a Bullish Divergence with MACD in Daily Time Frame
as it is a regular divergence so it can be a sign of trend reversal and start of a rally to its previews higher points and resistances
i have specified the Minimum retracement levels by Fibonacci retracement tool and the levels are combined with Price Action analysis.
we can use...
An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend.
At this moment, we have an inverted ascending triangle and it is perfect for counter-trend and breakout traders to look at this trade.
If the trendline is not broken, I'll wait...
On the 4-hourly and daily chart, the USDJPY is going for a bearish run, however, countertrend and harmonic patterns traders you can wait for a countertrend trade of a bullish bat pattern for a buying opportunity. Think twice before you engage the trade as target2 gives you only 40pips of potential profits and we have not factored in the spread.
The resistance line at 104.21 or the trendline setup for a shorting opportunity for trend traders. Last Thursday and Friday have a clear demonstration of a weak movement on USDJPY, on the following week it may give us more clue of the movement for this pair for the next 2 weeks.
Last week, we had shared our trade ideas with our community(check the link at the bottom), for traders who had missed the opportunity could wait for the retracement back to the bearish trendline for a shorting opportunity. In order to do that, you have to make sure that the candle does not break and close above the red trendline.
Last week on the Weekly Market Analysis we have shared that is a likelihood a break and close below structure low(link at bottom). Traders that had not short can wait for market retest at 104.19 or the trendline retest of a shorting opportunity.
GBPUSD is at the major resistance of the Daily Chart, a great consideration for a counter-trend trade, on the 1-hourly chart the same level marks the completion of the Bearish Shark pattern. I will wait for the market open to observe if there's any gap when the market open, what's caused by the US Election Results.
EURUSD is at daily chart structure high which gives counter-trend traders a good opportunity for shorting opportunity. Trend Traders can wait for candle consolidation at 1.1814 for a buying opportunity.
BTC.D Daily charts reached to top as I told you on other idea linked below..
If TODAYS's candle closes below 64.7 that means the rejection price action for the bull move on BTC.D and I'll open positions on Strong Alt-Coins..
Something really important that you shouldn't forget on these important US elections.. that the market is under the influence of strong...
Click the link in the "Yellow circle" to see all the previous analyses.
It was a PERFECT swing analysis so far. Let's get more MONEY!! Currently, I reckon as long as it stays above the "potential BUY ZONE," AUD will keep climbing to the next targets. There's a possibility to fall to retest the broken trendline at 0.711, but currently, the fundamental says very...
Reached the First Target HUGE PROFIT - Let's get some more!
It was a Perfect trade and analysis. It has reached the first target. Currently, I reckon as long as it stays above the minor trendline, XAU will continue the rally to the next targets.
If Biden wins the election, most likely, XAU will keep climbing to the 2075 zone to make a double top. If President...
Based on some basic fundamental analysis due to the US election, it is expected that buyers will not be able to hold this support level for much longer and it will be broken very soon.
Enter this trade now.
Entry Price: 1.31370
Take profit: 1.33557 (100)
Stop loss: 1.30360 (100)
Equity Markets have been on a consolidation level ever since reaching their all-time high level back in September. This extended uptrend came after the Corona Virus Market crash and adjusted ever since the 23rd of March 2020.
Back in 2016, Trump won the presidential race against his tough opponent, Hillary Clinton. When the results were announced, reactions were...
Hello Traders !!!
After the latest analyze that I posted on EURAUD was extremely successful and took more than 400 points out of the market, I believe it is time for a new update.
At this stage everything is bearish on the currency pair however I believe thighs will change. After EURAUD reaching 1.68 I was expecting a retracement around 1.6580 (previous...