Yesterday we shared with you both scenarios that we're looking at on USDJPY You can see the progress and now we're looking for reversal. The end goal remains unchanged - 111,59 This reversal right now wouldn't be valid if price breaks below the previous low at 109,50! Watch out if this candle will leave a wick. Price going above 110,00 will be our first...
Yesterday we saw an upside impulse on gold. It's more likely to see a continuation today. This is a nice trading opportunity for this day ahead. But before we make an entry we recommend to wait for a breakout of previous high. This way we will have a confirmed entry. After a breakout and a retest we will expect price reaching next resistance zone around...
Where is USDJPY going next? Is there going to be a 20 pips downside push or a 30 pips raise in price? We don't really care about that! We could be observing price action on a certain instrument for quite some time without getting involved, but as soon as we see a decent opportunity then that's our moment. Right now USDJPY shouldn't be traded, but we could get...
We had a great selling opportunity yesterday Now it's too late! We expect that this downside move will continue down to 1,1700, however we suggest that you stay away from selling. Why? -in best case scenario you get RRR of 1:1 and we're looking for a greater one -price is heading down to a strong support which means we could see reversal at any...
There's two options on GBPUSD now. Both of them are for a downside move! The first one is to see price breaking below the support at 1,3837, which will confirm a double top pattern and we would then expect market reaching the 1,3762 level next. The second one is to see price above the previous high first which is at 1,3905. This will only be temporary and...
EURUSD broke outside of the hourly trend but still remains in a downside direction. Today we could see a further upside move above 1,1900, however this will only last for a short period of time. It will activate the buyers and turndown the sellers in the market. Don't rush to buy! Wait for the higher probability scenario which will be a downside move. This...
Last week we saw the first drop of this move Now we expect another one! There is a breakout of the hourly trendline and our first target will be previous low at $32 380. If this downside move will continue, which is more likely, then our next target will be $31 400. Trade what you see and not what you want to happen. BTC price could surpass the $60 000...
During the last week, gold has been moving and justifying our expectations. And here is what we're looking for right now. It''s more likely that we will see a downside continuation. We could be even more confident once we see a break below the 1793,60 level. This will confirm the downtrend on the hourly chart and we could then expect another push down to 1772...
Yesterday we send out selling opportunities on EURUSD That remains unchanged! Price is still below 1,1900 and while that’s the case then it’s very likely to see a downside direction, therefore we should be looking for short positions. “Looking below current price levels the first support is at 1,1780. You could use this level to take part of your profit and...
Everyone who follows us knows that 2 days ago we sold GBPUSD down to 1,3755 Now we have another opportunity! The downtrend is still in play and we expect to see another push. This time tho, we should see a break below the H4 support and market eventually reaching 1,3630! If you're selling right now then your stops should be above 1,3900. Another way to...
Yesterday we looked for an upside move here on EURUSD and there was one to 1,1895. That upside move was not quite easy for price and today we see a downfall. The main question now - Where to? Obviously there is not enough strength in this move to continue higher and so we shouldn’t be buying. However, there’s no basis for short positions either. This is a...
EURUSD is currently in a downtrend on the H1 chart. Price also broke below previous low confirming this downtrend. This pullback that we see today could be a sell opportunity. This trend direction is valid as long as price is below 1,1900! We should place our stops above that level. Looking below current price levels the first support is at 1,1780. You could...
Yesterday, we saw a breakout of the $1795 level and price reaching $1815 However, today we expect this move to continue! Later on today we have FOMC Minutes. During the news there will be big moves and we should be prepared for them. If we have positive news for the dollar we should see a quick drop on GOLD. If there is one taking price below yesterday's...
In the analysis from yesterday we said we’re expecting a downside move and it then happened down to 1795. It looks like there is not much strength and we might actually see another high before a downside continuation. If you have any long positions then look for exiting your trades in the zone of the previous high. We don’t recommend looking for new long...
Yesterday we saw a trendline breakout here on USDJPY. This is the first signal for a potential reversal. Right now we're seeing another downside push, but price is at strong support level. This is a chance for price to bounce off and form a double bottom. This setup will be confirmed once we have a breakout of 110,75 when we would have a confirmed double...
After the decline in price that we see today, price is now holding at the ascending trendline that we've placed on the lows from the end of last month. We've seen how strong the trendlines are many times. That's why we will watch out for price action right now, and is it going to hold there. In this case we wouldn't suggest to enter buy orders as we have lower...
Like we said in our analysis from yesterday, we were expecting a break above 1795. We now have such a breakout and it's time to buy. We expect to see price up at 1824, but mind the resistance before that which is at 1813. We might see a re-test of 1795, but as long as we don't see market below 1775, our analysis is valid.
BTC bounced off of a key support couple of days ago. It’s currently holding inside of the $33-35 000 zone, but it doesn’t make any new highs. There is a serious resistance ahead of price and it’s very likely to see another downfall maybe even below $30 000. First support is at $31 400, followed by $29 400