we are about to go short on eurusd as we have to complete the head and shoulder pattern. we are currently in a flag waiting for a breakout.
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A...
The pair AUDCAD seems to be bullish keeping in view the Fundamental and Technical analysis. The Fair Value Gap and Order Blocks are marked for a sniper entry setup with 1:1 risk reward. your views and comments are awaited on the analysis.
#EURJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY had breaked the main Descending triangle pattern. In this move we can see gain upto 100Pips+ soon✍
GJ retest the daily start with a nice rejection target weekly start and to fill the avg on the left. there can be some rejection at 61% FIB but dont let that scare you,
There is a nice scalping buying opportunity on NZDCAD. The price test a solid rising trend line on a 4H time frame. As a bullish confirmation, the price formed a double bottom pattern on 30 minutes time frame and broke its neckline. We can expect a bullish movement to 0.8147 / 0.8158 levels. ❤️Please, support my work with like, thank you!❤️
USDCAD seems to be attracting bids just above the 0.618 retracement and support at 1.3618. Since RSI is still showing positive sentiment with no divergence, break above 1.3731 combined with an RSI close back above 60 threshold will confirm USDCAD has resumed uptrend with upside potential to 1.3928, possibly higher A daily close below 1.3618 will reverse this...
I shared my view on #EURAUD based on the possible liquidity sweep spotted at the demand zone. Your opinions are welcome in the comment section.
The chart shows a completed impulse wave (1 through 5), followed by the start of a corrective ABC pattern. Currently, the chart depicts wave (a) as complete and wave (b) in progress, with a potential wave (c) projected downward. The dotted line extending from the end of wave (b) suggests the expected path of wave (c), which is typically a move in the opposite...
For the USDCHF pair, my 45-minute chart analysis using the Elliott Wave Theory suggests a potential SHORT opportunity. We can see a complete corrective structure post an impulsive move up, labeled as waves (a), (b), and (c). With wave (c) underway, there's an indication that the market might continue to move lower. As per Elliott Wave guidelines, after...
In this AUDUSD 15-minute chart, my Elliott Wave analysis suggests a SHORT position could be advantageous. The chart depicts a completed five-wave advance, followed by an apparent A-B-C corrective pattern in the making. The final fifth wave peaked and we are now seeing a typical retracement pattern taking shape. The corrective wave (a) has taken place, and the...
This 45-minute chart shows the GBP/USD currency pair in a clear ascending channel, indicating an uptrend. The channel is defined by two parallel trendlines: one connecting the higher lows and the other connecting the higher highs. The price action is currently near the upper boundary of the channel, which might act as resistance. If the pattern holds, traders...
#EURGBP UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURGBP. EURGBP is at a strong support level. This is getting a good bounce here. We can see gain here upto 100Pips+ in this move. Keep in touch we will update further soon.
Like GJ, I am staying very far away. WEEKLY We are currently testing with a hanging man, which is usually a reversal candlestick, so we will keep waiting for it to complete as it can change. DAILY This is the highest price UJ has ever crossed in its history, which indicates the strength of the dollar to the Yen. Which is why we can watch as well what the DXY is...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is at a Supply Zone area - Price action may reverse back below Resistance Trendline Suggested Trade: Entry @ Area of Interest 1.7140 - 1.7160 SL @ 1.7258 TP 1 @ 1.7012 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @...
AUDUSD spiked higher to the 0.786 retracement at 0.6584 and the 100 daily Moving Average only to rejected. The strength indicator RSI also tested and got rejected at the 60 threshold A daily close above is necessary for AUDUSD to establish a bullish trend. AUDUSD seems likely to resume downtrend, and a daily close below 0.6485 could fuel a sell-off down to...
I am staying out of it. It is confusing and that's when it's best to stay away and out of the market. DAILY We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation). 4H Ascending Channel within an ascending channel is what we look for when trying...
EURUSD seems indecisive about whether to advance to the 0.618 retracement at 1.0777, currently hovering around the 0.382 retracement near 1.07. The daily RSI has closed above its falling trendline, suggesting that EURUSD may climb higher, possibly up to the 0.7896 retracement at 1.0825. However, the declining 55 and 200 daily Moving Averages may pose...