The previous update on daily chart was a BUY strategy and worked out well. Profit order done @ 19.1750 area. Now we are becoming overbought and regression channel suggests we may see a movement between 19.9300 and 19.4100 on top side. the stochastic is negative and therefore I see potential test of 19.0000 again Strategy SELL @ 19.2575 - 19.3150 and take profit...
The pair is looking a BUY on daily chart, and range for BUY needs careful consideration, using 4-hourly as well. GOLD supports the likely chance for a stronger up move over time. Stochastic is positive, and judging historical context, we have a chance to test 19.0150 and maybe we reach 19.2500 again. Strategy BUY between 18.6150-18.7300 I feel. SL below...
The SL was right to have, and reinstating at 19.3100 area, unfortunately was outside on the way and not being able to provide that idea. However, we are starting in a decline mode, but would prefer careful entry at the selected level. Strategy SELL @ 19.2500-19.3000 when seen again and place SL above 19.4150. Profit order now @ 19.0150 area.
One more pair that certainly looks bullish to me today is GBPCAD. The price broke and closed above a resistance line of a falling wedge pattern after a test of a key support. I also see a double bottom formation with a confirmed neckline violation. Growth is expected now. Goals: 1.7143 / 1.7163 ❤️Please, support my work with like, thank you!❤️
Sell nzdusd now for a huge profit.... 99% sureshot profit Contact me for this strategy
EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
CADJPY: Will The Correction Continue? CADJPY has been moving within a major corrective pattern for about a month. After the downward movement created today by the news regarding Israel and Iran, the price managed to recover the lost ground again. However, as long as the price will be stuck in this area, chances are that it will move up and down for an...
USDJPY is trading in the range between the trend lines. In the last attempt to test the dynamic resistance, the chart reacted with a sharp decline. We expect a decline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
market makers built liquidity and hit stops before buying the market ...look just for buy
AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
USDJPY → An opportunity to get along hello guys... as you can see, usdjpy made a supply and demand zone and started forming a three-drive pattern! two of them formed so far! no on this internal trendline is a great opportunity to get a long position until this third drive that would be the next target! ___________________________ ✓✓✓ always do your...
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
EURAUD consolidating in daily timeframe, in our view there are two areas where price can head towards. First is where we think price can continue the bullish move towards 1.80. In our second area, where price can drop hard and take out the daily sell side liquidity. At the current market condition our second scenario looks more suitable. Good Luck ;)
Short idea at this old resistance. I'm placing a sell order at this level and hopefully the big players will agree too.
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
Dear Traders, As we had explained before that EURAUD is likely to rebound once it come nears to a discounted price zone and price just did the exact same thing. Currently, we need ample volume for momentum to begin upwards, this trade currently in beginning stage and it is likely to continue rebounding as we progress. We need to keep an eye out at the downtrend...
In recent trading sessions, the GBP/JPY pair has embarked on a notable bullish trajectory, diverging from our previously envisioned bearish scenario. This shift in sentiment is evidenced by a series of bullish candles, signaling a resurgence in buying pressure. The pair has retraced to the pivotal zone around 192.200 - 192.500, where a convergence of technical...