Bala-FX

Bala-FX

The current market trend has exhibited a sustained upward movement over the past several days within the confines of a parallel channel. Notably, the price action has formed a triangular pattern within this channel. It is noteworthy that the market has recently experienced a breakout to the upside from this triangular pattern. Anticipating a retracement, the...

Bala-FX

The EURUSD has recently broken out of a significant 4-hour downtrend channel and is currently undergoing a retracement. During this retracement, a 15-minute uptrend parallel channel has emerged, only to break down subsequently. This breakdown is expected to lead to a retracement to fulfill the FVG (Former Validation Ground) created during the initial breakout....

Bala-FX

The EURUSD just brokeout out of a 4 hour big down channel, and its retracing back, on its retracment, it created a 15 minute uptrend parallel channel, then it broke out to the down side, which will again retrace back to fulfil the FVG created, then it will continue in downtrend, this will be a huge down fall, but you can take profit on 1.07259

Bala-FX

Price just broke out of a parallel channel, and like any breakout, it will retrace back and continue to the direction of the break, when it retrace back it will cover the FVG (Fair Value Gap) created, as soon as it does that, we can take our entry.