After breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries. AUDUSD is now moving in a narrow range. The asset is likely to try to return to the channel once again and then go down to retest the support. We expect a bearish move. ------------------- Share your opinion in the comments and support the idea with a...
CHFJPY is making higher highs and higher closes, indicating a bullish trend. The market broke and closed above the 169.000 psychological level, which became support. We expect a retracement and bullishness following a retest of the major resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPAUD created a bearish harmonic pattern in the ascending channel. Price made from this resistance level before, which is psychological level as well. The market is consolidating at the 4-hourly chart. We expect further consolidation and a pullback from the resistance at 1.95000. ------------------- Share your opinion in the comments and support the idea...
Bitcoin is consolidating following a break and closing above $70,000. The market is possibly pulling back the channel border and going up in the first week of April. We expect a pullback to the 38.2% retracement level, then a bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Let's start with the fact that Pivot points are quite an old tool and have been used for a long time. The difference is that in the early days traders had to build Pivot points themselves, but today there are indicators that build these points. ✴️ BASIC CONCEPTS Pivot points are key points of price chart reversal, i.e. the place from which the price chart is...
GOLD tested the structure resistance level by completing the AB=CD pattern. Price makes a pullback after creating the AB=CD pattern. The market has made pretty similar moves before; run - pullback - continuation. We expect a pullback from this resistance level and the continuation of the bullish trend. ------------------- Share your opinion in the comments...
USDCAD made a double top at resistance in the ascending channel. It consolidated around the psychological level at 1.36000, then dropped below it. The market is consolidating at the D chart, and it created a bearish, engulfing candle. We expect a pullback from resistance and further moves south. ------------------- Share your opinion in the comments and...
EURAUD is trading in the descending channel. It is creating AB=CD pattern. The market consolidated for a while, and it broke and closed below it. Price action is printing HLs and LLs and is likely to go down. We expect a bearish move to retest the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
GOLD created a kill zone: a bearish harmonic pattern at resistance and fibo extension levels as well. Price reacted to the resistance by dropping from it, and currently price is going up to the resistance. We expect a bearish move from the kill zone to the support level that tested multiple times. ------------------- Share your opinion in the comments, and...
EURJPY tested the upper border of the descending channel, then dropped. The market bounced off the level of 163.500. The support level became resistance. Price action is printing lower lows and lower closes, indicating a bearish trend. We expect completion of the AB=CD pattern, so the price is likely to test the support level. ------------------- Share your...
AUDUSD recently made a double bottom support level and broke and closed below it. The price broke and closed below the ascending channel as well, indicating a trend shift. The market is consolidating on the 4H timeframe, and price likely will retest the support by creating an equal, measured move. We expect a bearish move. ------------------- Share your...
EURUSD made a bearish move, creating an engulfing candle. The market created a structure of resistance for shorting opportunities; breakout of the level, pullback to it, and trend continuation. The market made lower highs and equal lows, indicating bearish pressure. We expect completion of the AB=CD pattern. ------------------- Share your opinion in the...
AUDCAD made a sharp, bearish move and pulled back. It couldn't reach the highs. The market is making low lows and lower closes in the descending channel. Price action is likely to move down from the kill zone and complete the AB=CD pattern. We expect a trend-continuation trade since we have a bearish trend in the descending...
GOLD is moving in an ascending channel. However, the price rebounded from the resistance level. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support from the 50% fibo retracement level. ------------------- Share your opinion in the comments, and...
EURCAD pulling back to the confluence level. Price is making lower lows and lower closes. The market dropped from this resistance before. It is decelerating while approaching the channel border and the 61.8% fibo golden zone. We expect a trend down from the confluence. ------------------- Share your opinion in the comments and support the idea with like....
GOLD is retracing following the bullish momentum. The market has rejected the resistance and bounced off it following divergence. Price may create a head-and-shoulders pattern, which is a reversal pattern. We expect the dynamic support to break and fall to a 50% retracement level. ------------------- Share your opinion in the comments and support the idea...
GBPAUD is going up to a psychological level at 1.94000 following the break and closing below it. Price action created a kill zone at the resistance level of 1.94000 and a 61.8% fibo golden zone. We expect a breakout pullback and continuation trade to complete the AB=CD pattern. ------------------- Share your opinion in the comments, and support the idea with...
GBPUSD moved out of the descending channel and dropped. Price broke and closed below the psychological level at 1.27000. The market created the fibo cluster to short the market, where there is resistance and 38.2/50% fibo retracements. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support...