On daily timeframe price trading at 38.2 fibo level, looking at the downside impulse since the price reached the high of 0.80 major level it seems bearish pressure will resume as long as price remain trading below 0.77 major level. On 4HR timeframe price reaching the intraday based area, I will look at the price action around this region for a potential short if...
Price retesting the recent S/R level which align with the ascending trendline from feb2020 low. engulf closed on H4 give a good technical sign of the upside continuation move. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same...
A potential of inverse head and shoulder pattern forming on Daily timeframe, currently the price trading slightly above 1.25 major level. On 4HR time frame we start to see some rejections which may attract buyers to step in....
Price trading above 1.17 major level, currently on Daily timeframe we see the price rejecting the ascending trendline from March 2020 low, there is potential of correction toward 38.2 fibo which align with 1.18 major level before continue the downside move toward 1.16...
The pair remain trading inside 116.0 support to 118.0 resistance, the range play very well since Dec 2020, currently price trading slightly above 116.0 major level with a daily rejection shown on daily timeframe. 4HR timeframe showing some consolidation since Yesterday trading session. I'm watching this level closely for a potential of a long...
The pair trading at around 0.76 major level after a strong downside impulse. I'm watching how the price action develop around this level as the potential bounce or breakout are soon will take place. _________________________________________________________________________________________________________________________________________ Traders! if you like my...
The pair showing upside move may continue as if we look on Daily timeframe from December 2020 low, We can see sellers failed multiple times to create a new low, Currently the ascending trend line act as a strong support level. On intra-day timeframe price trading at demand area which align with the recent support level. I will look for potential bounce or break at...
Following my previous analysis, EURUSD seems confident to continue the upside move. We manage to secured +1% from the Monday upside movement. Currently I'm watching for a potential break above bullish flag for a long trade...
The pair trading in a tight range after the daily supply area visit at 0.94 region. Currently the price trading between 0.92 - 0.93 major level, right now the price trading at S1 level which is a strong intra-day support level, I will watch this area very closely for a potential bounce or...
Last week we saw the importance of 1.25 major level which we manage to secure +1% on the upside pullback. Now the price again trading below 1.25, On the intra-day time frame a potential head & shoulder pattern forming within the mention region. Currently I'm watching the potential break or bounce at 1.2450...
Since last 11 trading days the index remain trading within 92.00 major level, We might see the index continue range toward intra-day support at 91.50 region. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please...
The pair open up with gap to the downside forcing the price trading below 1.19 major level. Daily time frame price trading closer to the 200MA which soon we will see the bounce or a break. Intra-day timeframe is the key to watch as if the price decide to break above the descending trendline and continue to trade above 1.19 then bulls is not dead...
Earlier we manage to secured 2% from this trade. Now the price trading at the intra-day R1 with a strong impulse move which the correction will come after ward. I will wait for a correction before looking for a another entry as 0.80 major level are likely to be re-visit to fill the weekly candle...
As explained the importance of 1.25 major level was right, we saw multiple rejection before the sell-off. if we refer to COT numbers the short bias on percentage points are still favoring the CAD. I will look at the correction toward recent S/R for a short...
Overall bulls are remain contained below 1.1990 marked with the bearish anchor candles closed on the previous sell off. Right now I would like to see a correction toward fibo golden ratio to look for a long...
As explained, the importance of 92.00 major level was on point. We saw a strong impulse during the FED event few hours ago. Now the dollar index trading at the recent S/R level at 91.40. We might see another push toward intra-day based area which align with the extended fibo level as well as the 200MA region....
Potential big move ahead of the triangle breakout, trade the break out direction. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. Disclaimer the...
Price remain trading above 0.77 major level, looking at the overall bullish trend we might see another push up toward minor supply area at 0.79 level. We are waiting for a break above bullish flag. _________________________________________________________________________________________________________________________________________ Traders! if you like my...