OANDA:XAUUSD closed with a massive bullish candle on the daily timeframe, and for the first time in history, the market closed above the 2070 key level. You can see that the market stopped right at the resistance zone at 2088. The market bounced off this level two times in a row, at the beginning of December and at the end of the same month. On the daily...
The price It rebounded from the border of the downward channel and support level. FX:GBPUSD has broken through the resistance levels, and it is ranging near the resistance zone. It took liquidity below the equal lows to move higher. The market is in the range zone on the daily timeframe. I expect some pullback and then move towards the main resistance by...
👋 Hello, Forex traders! Let's talk about rumination in trading. What is rumination? Rumination in trading is the process of going over previous trades and market situations in your head. Trying to understand what went wrong and to think of a better way of doing things. In "moderate doses" it is analysis. But when a person thinks about it all the time and in a...
The market tested resistance then formed swap zone. The price created a compression channel. I think that most likely, the price will make an impulse leg down and break through the small range. I expect for the price bounce off the resistance to fix below the range and fall. My goal is to support 189.150 Traders, if you liked this idea or if you have your own...
The price perfectly fulfilled my last idea. It literally came into the entry zone, shot up, and hit the target. OANDA:XAUUSD has reached the key resistance zone at 2050. The market has pulled back from this level several times before. It created a massive impulse leg. After that, usually the range zone comes. The price formed a potential bearish divergence at...
The price has broken through the support levels. FX:EURJPY might form a range zone in the descending channel because it has reached the daily resistance zone. The price is making swing lower lows on the 1H timeframe. I think the price may move up to retest the channel border and resistance, then fall. On Fridays, the market usually pulls back after the trend....
The market formed quite strong bearish bar at the resistance daily timeframe after a couple of doji bars. Sign of the level of rejection. FX:EURUSD is in the range zone; it broke through the upward trendline after attempting to break the resistance. If the market returns to the resistance that rejected the price several times before, I think it will go down to...
The price perfectly fulfilled my last idea. It tapped the entry zone and then went straight up and hit TP. The market is overall in a sideways trend, and the price is forming a triangle pattern, which is a trend continuation pattern. OANDA:XAUUSD updated swing highs. Basically, the market is swinging around the mean price of 2030. I think the price may rise from...
The market is heading towards a resistance zone. FX:EURAUD updated its highs and broke a level that forms a swap zone. It is pulling back to the swap zone after an impulse move upward, creating an opportunity to buy from the key support level at 1.66000. I expect growth from the support level because the market is in a bullish trend. The broken resistane zone...
Yesterday, the market went lower, testing the key support level at 1.08000. FX:EURUSD formed a long-tailed bar on the daily timeframe, forming a fakey bar formation. The market took the liquidity below the last Thursday low. Therefore, I think the market might move up because the price is bouncing in the range zone between 1.08000 and 1.086000. I expect the...
The OANDA:XAUUSD market had a positive week, closing above the previous week high, but it remains in the same range it was previously in, which is the 2000–2050 levels. The price bottomed and bounced off the support, which is a positive sign but does not guarantee an easy move upward. On the daily timeframe, the market formed the two doji candles, then it broke...
The price perfectly fulfilled my last idea. It hit the target level. The market is heading toward resistance after a range breakout. The market rejected the strong resistance zone on the 4H timeframe. Overall, the market is in a sideways move on the 4H timeframe. Price action made the impulse move from the resistance level before, which shows the strength of the...
The market is moving sideways after breaking the downward channel. FX:EURUSD broke and fixed above the key level at 1.08000. The market tested the support, where the price rapidly changed direction after an impulse move down. If the price action pulls back to the support level and upward trendline, then we can look for entry signals from it. I expect some sort...
The price perfectly fulfilled my last idea. It hit the target. The market is updating the swing highs and higher lows. The price took liquidity below the support level at 0.88300, then broke and fixed above the level. The price made a pullback after an impulse move upward on the 4H timeframe to retest the support level. Today we have high impact news that can...
The price perfectly fulfilled my last idea. FX:USDCAD is heading toward resistance after a complex pullback. The market rejected the strong resistance zone on the 4H timeframe, and probably it will reject the resistance and fall because the market is basically ranging around the 1.35000 key level. The price action made two impulse moves, which show the strength...
👋 Hello, Forex traders! In a market situation, swap zones in trading are formed as a result of a change in market direction. When the trend changes, the price often returns to the previous support or resistance line. This is due to the fact that participants often use the lines as reference points for trading decisions. Swap zones can be used by traders to...
The market moved up and closed above the resistance zone. FX:CADJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 111.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then an upward move toward recent resistance because the market is updating swing highs and...
The market went up, then fell from the resistance after news releases, which formed a fake breakout. A potential breakout turned into a fake breakout. OANDA:XAUUSD rejected the resistance, then made an impulse leg down. I think the market will move downward, creating a two-legged pullback. Alternatively, it may form a range because markets usually go sideways...