- *Rising Wedge Reversal Pattern*: A rising wedge reversal pattern has been identified on the H1 timeframe, which is typically a bearish signal. This pattern is accompanied by bearish divergence, suggesting a potential downward movement if the price breaks below the last higher low¹. - *Resistance Turned Support*: The AUD/CHF pair has recently broken above a key...
AUD/CAD expected to go down, AUD/CAD there is Bearish divergence in play
I am going long on EURCHF after seeing a bullish pin bar form at support. Looking for bullish activity.
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. May -1 so far JAN (6R) FEB (1R) March (-7) April(-1)
The EUR/USD currency pair is showing signs of a potential buying opportunity, with a targeted buy zone identified at 1.07032. This level serves as an area where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this buying opportunity. The first target is...
An expected decline in the price of the pound sterling against the US dollar after months of sideways trend
Hello dear traders, we have the analysis of the pound chart, which I have drawn very simply and smoothly. In the pound chart, the daily trend line has broken and created a CHoCH. And now in the process of pulling back to solidify the order block, it is left behind. Or for daily liquidity accumulation? In any case, the trend will reverse. Or with the order block...
If the price fluctuates below the current resistance range, it is expected that the continuation of the downward trend will be created by breaking the support range. If it stabilizes above the resistance range, the above scenario will be invalid
Hello Everyone, The NZD/USD is currently making strides upwards, positioning itself favorably for a burgeoning long-term bullish sentiment! Key resistance levels to monitor include 0.601471, 0.596321, and 0.598682. TradeWithTheTrend3344
I believe GBPUSD is about to reach the 1.27 area after first taking the liquidity in the 1.246 area
Market's been an uptrend since late December, we saw a pullback then maket continued to the upside to grab liquidity, now bears are in control.we should see some downside with this pair, risk management guys.
By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop in the price! Please support me with your likes and comments to motivate me to share more analysis...
CHFJPY is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
Taking a buy position at 154.759. I haven't seen too many signs showing any weakening in this pair. We are about to break through a previous old high, I'll be holding this trade up until the 164 area or until I see serious signs of weakness on this pair, for now I'm long and will continue to trade with the trend. Let me know your thoughts or if you see something...
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and...
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).
Hello all friends! Currently, EURUSD has regained momentum and rose to as high as the April high of 1.0885 in today's trading session. The resurgence of bearish pressure on the US Dollar (USD) encouraged EUR/USD to trim Tuesday's losses and reclaim the area well above the 1.0700 barrier on Wednesday. Over the longer term, US Dollar weakness is expected to be...
Opened a long position on EUR/AUD amidst current downward price manipulation. Anticipating this temporary downside momentum to be short-lived, though there may be further declines before the eventual retest of the 1.64880 level. Advised to monitor closely. I'll update as needed.