There is Strong Resistance Near the Trend and Trend gets many Rejection from there 2.There is divergence in H1 RSI 3.there is divergence in Momentum 4.There is formation of double top pattern 5.MACD line Cross the signal line 6.ZEW Economic Sentiment Index News on 14 may Forecast in positive More chance of Strengthen of Euro against US dollar
Hey traders here we share the next week forex forecast. see the full video and comment here your opinion. by the we my English fluency is not good sorry for that.
Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
With the prevailing uptrend on daily timeframe, expect a bullish USDCHF next week. Refer from the 1 hour timeframe trendline
eurusd, sell area, if it takes the recent high , still it is bearish
GBP against USD seem to continue its bearish trend as per harmonics which found 1.2025 level potential reversal zone as noticed in previous year in March, Sept. and NOvember.
From a technical perspective, price has maintained a clean bearish structure with us seeing a break and retest in structure there is a strong possibility for for bearish continuation. A break and close below friday's low will confirm that.
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
OVERALL TREND:📈 BULLISH (1HR) Note: Above this price movement is daily supply zone that price has not reached yet. Price is experiencing some sort of a pause as we see ranging markets afyer price broke higher from nfp release We have a fresh demand zone below that broke structure correctly after reaction to daily demand zone. Checklist: Break of structure...
OVERALL TREND:📈 BULLISH (1HR) Note: Above this price movement is daily supply zone that price has not reached yet. Price is experiencing some sort of a pause as we see ranging markets afyer price broke higher from nfp release We have a fresh demand zone below that broke structure correctly after reaction to daily demand zone. Checklist: Break of structure...
hard days for my bearish plan. even my scalping hit SL, haha let's move on and find a new signal. i know that we are in the midle of downtrend, but i see no confirmation to take short instead, i foūnd an ABCDE pattern that is a sign of continuation. i personally think of buy next week. wish me luck!
Looks like price respected our supply zone. With a huge imbalance below + a fresh demand (daily) we are likely to witness a bearish week for the Australian dollar (which is to be decided further by CPI data release on Wed 15th)
Price currently @ the LH level creating a potential double top. 1st sign of a sell, although wait for price to break the "trend line" and once it creates a LH, I'll scale down and look for sell momentum / structure
Remember I shared a setup earlier this week of Australian dollar supply zone? So price respected the supply on friday and caused change of character during New york session. We have internal liquidity of equal highs below supply zone. Which increases our chances of being in the right side of the market. We have CPI release next Wednesday. 🤝 Goodluck
My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone. This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the...
Near historical Lows for months now and consolidating. Looking for the big push back up. This combined with fundamentals makes for a pleasant buy and hold. My Account Currency is in AUD so also making positive interest daily while holding a long position
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 a time-frame. - Price action is reversed off the Supply Zone - Targeting the other Demand Zone - Price action looks like it will retrace first before grinding up higher. Suggested Trade: Entry @ Area of Interest 113.70 - 114.20 SL @ 114.92 TP 1 @ 112.92 (Close Half-Position &...
"I have an idea to short EURGBP. Currently, the price is moving sideways in the 1-hour timeframe, and I can identify a potential reversal moment. I assume that the price will drop to touch the lower level of 085148, then rebound to a higher level before a significant reversal to 086333."."