The market was following an uptrend channel until it collapsed because of the pandemic. Right now it's in the middle of the descending triangle.
We expect one more bounce, entering short when the price will reach the top of the triangle (hopefully the Stochastic oscillator will be in overbought value), trying to get the TP1 and TP2.
Let us know if you like our...
Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion.
It actually following a down trend channel, completing two bounce and reaching the third one.
We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support.
Let us know if...
The EURUSD bounced on a main support just few days ago, pushing up reaching the resistance at about 1.14380, confirming a double top and an inversion of trend.
We are waiting the Stochastic oscillator reaching an overbought value entering short at about 1.13415 until TP1 and TP2.
Let us know if you like our idea, leave a comment with your opinion and don't...
After a rigid collapse, we finally got a double bottom figure that it seemed to confirm a market reversal.
A new uptrend is following now four clear Elliot's waves.
We expect that the price will push up to the target, the increasing of the volume and the market's movement in a weak zone could be a clear confirmation.
Let us know if you like our opinion, leave a...
The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624).
Let us know if you...
The market and the Stochastic oscillator are clearly following the same trend, the price is oversold and it broke the bottom end of the Bollinger bands.
We expect two steps:
-TP1 (the middle way the Bollinger bands, touching a secondary resistance);
-TP2 (the top end of the Bollinger bands, reaching a TOP resistance).
Let us know if you like our idea, leave a...
Two massive bounces and for the third time the price goes up, reaching the top end of the Bollinger bands.
High volumes, overbought Stochastic oscillator and the breakout of the support, lead us to think that the price could collapse for the third time till the 66% of Fibonacci.
Let us know if you like our idea, leave a comment with your opinion and don't forget...
We can properly see a descending triangle figure applied on this market; after a clear downtrend the price broke the channel pushing up.
We expect the price reaching back the previous resistance at 1.3863 (base of the triangle), and it could be an interesting position considering the Stochastic oscillator oversold.
Let us know if you like our idea, leave a...
After a triple bottom, the market inverted the trend pushing up on the resistence at about 1.46300, bouncing back on the support at 1.33480.
We expect the market reaching the resistence at 1.37033 (that is the same height of the triple bottom).
Let's track the trend and we hope to reach our target!
Follow us and leave a comment if you have your opinion!
The market broke the ascending triangle and it got a really high target before to collapse again. It bounced on the support at about 1.60150 and it started going up during the last three days.
We expect the price reaching the target number 7, entering long after a new breakout on the resistence at about 1.65589.
Let us know what you think, leave a comment if you...
The market is in uptrend reaching the price on the resistance at 39.38, following clearly the first five Elliot's waves.
We expect a short sideway completing 3 more correction waves.
Our first entry price (Short) could be when the market break the support at 35.00, taking a profit on the next support at about 31.00.
Our second entry price (Long) could be if the...
The market is actually following an uptrend, during the last 2 months the price moved into a triangle figure.
We expect a breakout at 10.197, where the price will move up reaching the line 11.000/11.500.
Let us know what you think,leave a comment and follow us for updates!
The market is still in uptrend, after a short sideway, it started a new uptrend in a secondary channel, reaching an important resistance at (0.70333).
We expect the market breaking the resistance, continuing the same trend.
We suppose to entry long after the breakout at 0.70333.
Let us know what you think, leave a comment with your opinion and follow us for new ideas.
As we expected last week, after a bounce on the primary support, the market broke the downtrend channel and it started reaching the next resistence!
If you are interested, you could have a look about our last XAUUSD analysis!
Enjoy your day Traders!
After a clear head and shoulder figure, the market reached in uptrend the main resistence at 0.5872, stopping the uptrend at about 0.5926.
We expect a downtren and a bounce on the support at 0.5780, entering long untill the TP1, TP2 and TP3.
Let us know about your opinion!
The market is definitely in uptrend, reaching the resistance at 76.467
We expect a short taking our profit at 74.620 (33% Fibonacci, or a TP2 at 73.124, 66% Fibonacci, if the price breakout the support ).
In a situation where the price could bounce on the main trendline, get ready for a long.
Let me know if you like our idea and feel free to reply in the...
The market is following a clear uptrend, it recently got a correction and the price is still pushing up.
We are right now on the 5th Elliot’s wave, the perfect moment to entry short till the trendline. If the price will bounce again on the trendline we can think to entry long till TP1 , if the price will breakout the support, we will wait for the next...
The currency EURJPY has reached an important resistance (124.107). Today the candle had big shadow and comparing the closing price with the opening price we have a small variation of the price. We expect that the price will descend to 50% percent of fibonacci retracement (120.509).
Let us know if you liked the idea, leave a comment for an opinion and follow us...