HEY GUYS; We’re back in a new trading week!! Let’s start here with GBPCHF (H4) Am looking for an opportunity to sell after breakout and retest of double tops’ neckline and breakout and retest of the rising channel. Wish you a nice trading week
After multiple rejections on a daily resistance level, I now expect the price to fall up to the lower trendline. What is your trading plan for CADCHF?
Hey traders! Looking at GBPAUD from the higher timeframe perspective (W1) I noticed that the price is on a dynamic support and resistance which is also stacked with the trendline. From that point of confluence, I'll expect a bullish rally. To catch this move I'll be switching to the lower TF to look for long entry! What is your trading plan for GBPAUD? Comment below.
After a strong consolidation, we can now see that the price managed to break out of the consolidation structure with great bullish momentum! I'll be looking for a long entry on a retest. NICE TRADING!!!
The formation of a bearish harmonic pattern on a key level gives us a potential opportunity to sell the market! Nice Trading!!
EURUSD formed a falling wedge and from that pattern, we can also see a double bottom pattern that was broken and from there we see a retest of its neckline. I expect more growth from there!
Hey traders, this is my plan to buy Gold. It will be better if the price falls to the trendline and shows a reaction. In that case, we shall be trading with the uptrend, bullish channel and demand zone. Trade with care! Please support this idea with a like and comment!
For a couple of weeks now the price has been trading in a bearish channel. Right now we see a clear breakout of the channel which might be a signal for the buyers to push the market higher. From this scenario, I'll look for a buy entry after the retest of the highlighted level. Please show your support with a like and a comment!!
After breakout of the triangle, I expect the price to retest the bottom line and from there I'll look to go short as shown on the chart. What is your opinion on EURCHF?
GBPUSD is currently trading in a bullish channel. I’ll take advantage of this channel to catch a short trade as the price aligns with the supply zone. Hence it will be a trendline and supply zone confluence. This is a scalping trade!!
Hey traders, GBPNZD is currently very volatile such that there was no clear price action that we could lean on to enter the market. However, we currently see the price reacting as soon as it returned to a daily resistance zone which was previously a support zone. With this price reaction on the zone, it does not mean that we jump to sell the market right away....
USDZAR formed a head and shoulder pattern which might give us a great shorting opportunity on breakout of the neckline. What is your bias on USDZAR?
EURAUD formed a head and shoulder on D1 which is a classic reversal pattern. Breakout of the neckline and bullish trendline gives us a great opportunity to short the market on a retest. From there I sell the market to the next swing low. What is your opinion on EURAUD? Nice trading!
CADCHF reached a daily dynamic support and resistance zone and from that area, we can spot the price trading in a triangle. From this structure, this is what I expect. 1. Once the price breaks down the highlighted triangle, it will be a great opportunity to sell the market 2. Once the price break to the upside due to bullish accumulation, then I will buy the...
EURCAD is now trading on daily support and the price is trading in the falling channel/wedge. What is more interesting is the divergence shown by an Awesome Oscillator. This indicates exhaustion of bearish momentum and more buying pressure coming in. Thus, I expect a reversal from this area. What is your opinion on EURCAD? Nice Trading!!!!
USDJPY is currently a very bullish market. The formation of cup and handle structure which is a continuation structure confirms the continuation of bullish market. Nice Trading!!!!
For about four weeks now AUDCAD has been trading in a strong bearish trend. So far the price has formed a falling wedge pattern on 4H as it approaches the daily support which is also a potential demand zone. I expect a reversal from this zone. To trade more safely I will wait for the breakout and retest of the structure. The setup will be invalid once the price...
AUDUSD formed a double top pattern on 2H timeframe and we currently see a breakout of the neckline with great bearish momentum Look for shorting opportunity after the retest of the neckline. TP and SL is as displayed on the chart.