On the weekly timeframe we are approaching a key level of resistance. Seeing how price closed last week there are a lot of buyers in the market but there are sellers stepping in around the 1.3000 level that we have to be cautious of. On the H4 timeframe we are just in an uptrend. If price manages to get up to the 1.30000 level I will look for reversals. But I do...
On the weekly timeframe we can clearly see that price closed extremely bearish and is in the middle of our key levels which means it could push down lower. On the H4 timeframe we can clearly see that price is retesting a level of support at 1.36000. If price manages to find support here which the last candle indicates that it has we could see a bounce back to...
On the weekly timeframe we are still inside of the key levels we marked a few weeks ago so I will leave them. We will be looking for a reversal considering how last weeks candle closed with a huge wick to the upside. On the h4 timeframe we are in a mini uptrend but it is looking very week. If price manages to break the support level at .91600 then it will be...
NZDUSD: On the weekly timeframe I am noticing that price is testing a significant level of support but is showing a lot of bearish pressure. Last week closed with a bearish candle closing with a lot of volume for the week. On the H4timeframe we are clearly in a large all of and price is continuing to make LL’s. We have yet to make a LH point since price has...
On the weekly timeframe we can see that price formed a large wick to the downside which could signify a sign of reversal. If we are maintaining the overall bullish trend on this pair then we should see price surge to the upside. On the H4 timeframe we are at a potentially reversal area but it looks as though buyers are stepping in and taking over. I will only...
On the weekly timeframe last week formed a spinning top candle with a large wick to the upside. I will be looking for short opportunities this week. On the h4 timeframe I will be waiting for price to break the level of support at 1.25650 before looking for short opportunities. Right now price is consolidating and forming a bearish rectangle pattern so a...
On the weekly timeframe we can see that price formed a large wicked candle to the downside meaning we could see some upward movement this week. There is also the potential for a double bottom here. On the H4 timeframe we are still very much in a downward trend. I am seeing price retesting a pervious low and showing rejection so it would actually make sense to...
On the weekly timeframe we can see the price formed a dojo cnadle last week which signifies sign of reversal. I am looking for sell opportunities based on this weekly bias. On the H4 timeframe price is currently ranging between the 0.91600 level and the 0.92200 level. If we break above then price will retest the 0.92800 level and the previous high point. IF we...
ON the weekly timeframe last week tested the lower liquidity zone of 0.6900 like we discussed. We can now look for potentially reversal considering how the candles are forming. On the H4 timeframe we are seeing an area with multiple bearish confirmations. If price manages to break this trend line only then will we be looking for bullish opportunities. Otherwise...
On the weekly timeframe we are currently testing a level of resistance at the 1.26000 level. Price closed last week extremely bullish but I do expect some sort of rejection in this zone. We have two trade ideas here, We have key level of resistance at 1.26200 so I will not take any long opportunities until we break above this level. If we do get a break above...
On the weekly timeframe we have our two key levels at 1.42000 and 1.33500. Price is looking like it has a lot of room to come down as it closed last week extremely bearish. We will look for shorts on the lower timeframes and see how they shape up. On the h4 timeframe we are clearly within a downtrend. We have just broke a small HL that formed at 1.3800 level and...
On the weekly timeframe we are looking very bearish. Price is sitting below two key levels of resistance at the 0.92800 level and the 0.91850 level. Last weeks candle ended bullish but failed to engulf the previous candle. On the h4 timeframe we can see that there is a resistance level that has formed at 0.92000 level. I will be looking to take shorts on this...
On the weekly timeframe we are approaching the lower key level of support which sits at 0.69000. Last week formed a doji candle which is a reversal signal. It looks like the market could make a nice bounce out of this area very soon. The upper level sits at 0.73500 which is what will be the targets if we go long at the bottom here. On the H4 timeframe I am...
On the weekly timeframe we are in between two key levels. The upper key level is at 156.000 and the lower level is at 148.000. Last week closed with a bearish candle no wick ash the bottom meaning sellers ended the week in control. Let’s go down to the lower timeframe to see if we should continue with this bearish trend. On the H4 timeframe we can clearly see...
On the weekly timeframe we can see that price is currently testing a significant level of resistance. Last week formed a large bullish candle with a wick so there was a lot of buyers exhaustion. On the H4 timeframe I will be waiting to see how price reacts to the current level. If price breaks below this atea
On the weekly timeframe we can see that there is potential for this pair to go to the downside. We had a rejection of the 0.93000 level and formed a bearish engulfing candle last week On the H4 timeframe we broke a key level of support and now could be ready to go to the downside. I will basically look for short opportunities in two areas. Either entering right...
On the weekly timeframe we can see that price formed a bullish engulfing candle last week. If we head to the upside here then we could very well be on our way to retest the previous high point. On the H4 timeframe we can see that price clearly broke momentum to the downside and it could be time for a move to the upside. I will want to see how price retests the...
On the weekly timeframe. Price will be searching to head lower to the 0.69000 level. Considering we just tested the other main resistance level. We will now expect it to go lower following that rejection. Last weeks candle formed a spinning top which could mean we are ready to had lower On the H4 timeframe we are in a clear downtrend and have an opportunity to...