Hello Traders, There are 2 possible short trades are here! 1st: On top of the short-term channel 2nd: After break of the channel There is a possible bullish scenarios after breaking over the zone. I'll post about it if happen.
Hello Traders, I'll short the pair after a confirmation, I'm more eager to short around top of the short-term channel. This is the daily chart, A clear bearish channel is obvious. We have perfectly reacted to the top of this channel. And this is 2h chart. A bullish channel formed and is broken now! We even observed a reversal and we are waiting for more...
Dear Traders, On the one hand, Levels of tensions in Hamas-Israel conflicts has decreased. So oil markets started to be more secure thus the CAD had has problems to grow. At the same time, UK witnessed signs of grow for GBP! GBP surged and we are around top of a long-term channel and around a relatively strong level. On the other hand, we are seeing great...
Overall view is bearish but we are observing great presence of buyers. A gap between expected reaction zone and the real one is a great sign. Only short-term trading with small TPs are suggested. short from upper zone and long from lower, both with LTF confirmation and with small profits.
Regarding the daily chart we could see a triangle, We need to wait for a breakout for long-term trades, but we as shorter term traders could make profit in inner pattern moves. We are around an obviously strong zone Just wait for confirmations and then enter! Remember about tomorrow unemployment news of USA and Canada could change the market direction
Hello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend...
Hello Traders, What do we have here? Long-term broken bearish channel Mid-term bullish channel Short-term bullish channel Why Short? Around middle of bearish short-term channel. Around top of bearish mid-term channel. Why long? A long-term bullish channel is broken! Short-term channel is bullish and the most important one: Bullish candles are stronger! Set...
Hello Traders, We are still in a long-term channel. I expect more profit from my open positions and I may add some more volume on the bottom of the short-term channel. My TP: 1.03800 SL: below the zone
Hello Traders, This is what I think about the pair technically. I sees a bearish channel which is about to break in long term so I need a daily close over the zone. The Bullish channel in 2h TF is strong and sharp! Any full breaks regarding the daily chart over the Zone is a buy signal for me! At the same time any breaks below the 1.0850 will activate a...
Hello Traders, This is the daily chart A broken bullish and a bearish channel. regarding the current chart we could see that the bullish leg in bearish channel is broken and a new shorter-term bearish channel has been formed. I'll short the pair after confirmation to somewhere around the zone and coincide of middle of bearish channels.
Hello Traders, Regarding the daily chart it's clear that the pair had made two zones we are supposed to trade between these two zones until break or signs of break. We could observe that there are stronger bearish candles around upper zone and stronger bullish candles around lower zones, so zones are still strong. You can take a short-term trade after breaking...
Hello traders, Japan with it's monetary policy provided great profit for traders so far. It's going to end soon or late and rates might reverse. We had heard relatively good news about Japan Yesterday. But I think It's soon to consider JPY bullish and thus the USDJPY bearish! The bullishness is clear in it's daily chart: 1- Bullish channel 2- Broken Mid-line 3-...
Hello traders, First let's take a deeper look at daily chart!! We are in a bullish leg of a bearish channel. I'm waiting for a reversal to enter around the zone!
Hello Traders, AUD/JPY has been on a remarkable bullish run, riding the trend within an ascending channel on the daily chart. The price is now approaching the upper boundary of the channel, and while the bulls are in control, we need to watch for signs of exhaustion. Resistance at 110.00 Support at 108.50 (trendline) Next major support at 105.00 (midline of...
Hello Traders, This is the long-term bearish channel of the pair: Reaction to the gap and middle of long-term channel is clear in the above chart. Let's search for TP! This is a Strong Resistance I think it might be a good target Let's take a look to the news! Most important one which is GDP was a surprise for Pound, bearish for the pair. Monthly industrial...
Hello Traders, Let's look at daily chart! A zone and a Bullish channel is there! The zone wants to push us down while the channel and the current leg is trying to move us more up! If you are a longer term trader wait for any bullish or bearish break of the channel! In case of bearish break we need the trendline to break too! But if you are a shorter term...
This is the Daily chart We are between two zones! both are strong enough to make the pair be in a range. Regarding the 2h chart a bullish channel is broken Sign of weakness in Buyers! You can see strength of CHF in USD CHF chart too! Yet soon to short! I'll short after breaking the zone! with final target of 0.9600
This is the Daily chart! We are still between two zones. Tomorrow CPI release would make the direction clear! For now We have this view that in case of any bearish move to the zone we might have a great chance to come back to 2405.00! I don't consider it bearish as long as it's over 2265.00