Looking at the higher-timeframe picture of the pair, it can be inferred that the price is currently in the process of correcting a previously printed impulsive bearish leg. After having broken the upper boundary of the sideways-moving range, the price has pulled back to re-test the penetrated zone. We can see that the 50% Fibonacci retracement level is where the...
Looking at the H4 timeframe graph of EUR/USD, it can be inferred that the middle-term sentiment of the market is currently bearish. The price has successfully penetrated the lower boundary of the descending channel that is portrayed on the chart and is now attempting to re-test the broken structure before potentially pushing lower to the downside. The 1.03 -...
Happy Friday, sorcerers. Welcome on another educational post by Investroy! The trading and investing industry is a difficult one to succeed in as it has various complex details that you need to dig into both from technical and psychological perspectives. Predicting the price movement and understanding the logic behind it may be challenging at first. But as time...
Taking a look at higher-timeframe charts of USD/JPY, it can be observed that the price experienced a dramatic fall last week. As we know, after an impulsive move, a correctional one should happen. Hence, looking at the 8h timeframe graph, it can be inferred that the price has been consolidating for a while and forming a bottom before starting to push to the...
Good time of the day, friends! Rushing into trades is definitely among the top #3 common mistakes done by relatively newer market participants who we would call early sellers in this context. The chart/infographic above is pretty self explanatory, but let’s still cover some aspects of it by considering a following scenario: Market was moving sideways the whole...
As it can be observed from the graph, the price has been declining for quite some time and is currently sitting on a crucial area of support. After impulsive moves, a correctional phase should kick in. Therefore, we are monitoring the local area for entering short-term long positions and benefiting from the possible upcoming retracement. Our initial target is set...
New week, new chart analyses from Investroy! Today, we are taking a look at the situation that is present on EUR/USD. Taking a look at the WEEKLY(W) timeframe graphic, it can be observed that the price has printed some serious impulsive moves to the upside in the previous couple of weeks. The descending channel pictured on the chart has finally been broken and...
The Weekly timeframe chart of USD/CHF clearly shows how the price has been unable to break above the important area of resistance portrayed on the graph. The lower-timeframe graphs at the same time, illustrate how nicely the price has been pushing to the downside. The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can...
Taking a look at the 4h-timeframe chart, we may observe how the price has bounced off the 1.35040 area of support that has been identified on the graph. Afterwards, some consolidation moves kicked in that were followed by an impulsive push to the upside. Right after the impulsive leg got printed, the correctional phase kicked in and the price got driven all the...
Looking at the 4h-timeframe chart of Gold, the following can be observed: the price is pulling back to re-test the 1658 - 1659 area of previously penetrated support which now serves as a zone of resistance. The same area nicely lines up with the 0.786 Fibonacci retracement level. Once that specific key zone is reached, we are looking into closely monitoring the...
New week = fresh chart analyses from Investroy. Today, we are conducting a multi-timeframe analysis on USD/CHF, which is one of the pairs that we have on our watchlist and trade on a constant basis. Firstly, taking a look at the Weekly timeframe graph, it can be observed how the previous Weekly candle has closed in the favour of buyers by developing a nice...
As it can be observed from the 8h-timeframe graph, the price has spiked above the upper boundary of the ascending channel and dropped down instantly by printing an impulsive bearish move. Now that the re-test of the printed impulse is done, it's highly likely for the price to keep dropping and reach the area of the lower boundary of the channel.
Firstly, zooming out and looking at higher-timeframe graphs, we may clearly see that the overall trend remains bearish. Now, zooming in and observing the recent price action, it can be noticed how bullish impulsive moves kicked in last week before market closure and drove the price up. By doing this, a key zone has been formed at the area of 0.981, and the price...
On the 8H-timeframe chart, it can be observed that the price has dropped massively after printing long and ugly wicks to the upside and being unable to push further. This move was healthy and necessary for the price to re-test the previously penetrated key zone of 1.371. Zooming into lower-timeframe charts, we may notice that the price is potentially attempting...
Looking at the overall picture, we can notice the rejection and the formation of a top on the 0.986 - 0.987 area of resistance. This move can be described as the re-test of the area that was penetrated on the 6th of October. Now, zooming into lower-timeframe charts and observing the current situation, it can be inferred that the price is currently rejecting the...
As it can be inferred from the Weekly timeframe graph, the price has strongly rejected the local area of support by printing long and beautiful wick candles. Zooming into the h4 timeframe chart, we may notice that the price has spiked below this specific support and grabbed liquidity before printing bullish moves. While ranging between the borders of the...
Let's take a look at the 3H timeframe graph of EUR/USD and examine it closely. As it can be inferred from higher-timeframe charts, the price is trading within borders of a massive descending channel. Looking at this specific graph, we can see how the upper barrier of the channel has been rejected and an impulsive move to the downside has happened. Having already...
Undoubtedly, as long as the current descending channel is holding, the sentiment of the market remains bearish. At the moment, we can observe how the price is approaching the area of the 61.8% Fibonacci retracement level of the Daily timeframe impulse. From there, we will look forward to entering short positions and aiming for the DAILY timeframe Lower Low.