LBAsset

LBAsset

From the beginning of the month november the price builded a bearish flagg pattern. For the upcoming week I am expecting the breakout of this flag pattern. One indication for this is the last 4hr candle from friday, with a long wick which implies a rejection and the downmove. For the setup I recommend to wait for the restet before you go short!

LBAsset

Hi Guys, we can see clear break of the trendline in the 1 hr chart on friday. So for the upcoming week I see the price coming back to the level of the trendline to retest it. It is very important to wait for this restest because the price was consolidating at this level for 4 days now, with a low volume. With the right confirmation of the retest i can see a nice...

LBAsset

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LBAsset

Hi Guys, following my analysis for the EUR/AUD currency pair: price is ranging in a tight bearish descending channel. Last week we broke through a strong price level at 1.63300 and now retesting this level again. You can see a clear rejection of 3 candles as well as a indecision candle in the 4H Chart. The volume shows a high interest of sell pressure so I am...

LBAsset

Hi Guys, following my analysis to GBP vs JPY: in the 4H Chart we can see a nice channel builded from april 2020. From the 1st of September price has fallen to the level of 133.000. The price rejected from the channel trendline and is now struggeling to continue the bullish move. Within the channel price created a new bearish trendline at which the price...

LBAsset

Hi Guys, after the price broke through a strong price level at round about 11500.00 to the downside, the last week started with a strong bullish move in direction to the 12000.00 mark again. The price found resistance at 12130.00 at the trendline, pulled back and is now starting to attack this level again. We have a strong level arround this zone...

LBAsset

Hi Guys, there was big down move from 13.12.19 till 17.12.19 caused by the big player (Banks, Financial Institutions), which creates a strong Supply Zone right between the price level 0.69200 - 0.69300 During the time period of 17.12.19 till now the price reached this zone again, which will release the remaining Sell orders of the big players. The zone is ...

LBAsset

Hi Traders, following my trading ideas to the minor pair CAD/CHF for the next week. At first we should say that this pair is moving sideways for 5 years (since 2015). This makes it kind of difficult to tell the direction of the market. With the closing of the market on Friday we are facing a huge resistance level round about 0.74936. In my chart you can see two...

LBAsset

Hello Traders, following my analysis for the pair USD/CHF for the next week(s). We are in the daily timeframe and after 2 strong bearish candles we are directly facing a massive resistance level at round about 0.98467 with the weekend close of the markets. Normally I would definitely respect this resistance level but if you look at the candle you can realize a...

LBAsset

Hello Traders, here is my analysis for USD/CAD for the next week. After the building of the double top and breaking the resistance at 1.31380 I am expecting the dropping of the price to 1.30497 or 1.30200. Feel free to comment and share your ideas. Cheers and Happy Weekend! Lukas

LBAsset

Hello Trader, here are my analysis for USD/JPY for the upcoming week. As you can see the price bounces from the resistance level at round about 108.936. The price dropped down to 108.460 the next support level where it currently stands. As we are in a up move right now, I am expecting the continuing of the up move to the level 109.765. The second scenario is the...