The US dollar has been bearish for some time now, as we can see from the above 4hr descending channel.THE lower trend line that has been acting as support since April last month has been respected anytime price gets to test it, price has currently rejected it for the 5th time considering the current test and at the same time formed a clean regular divergence that...
Usdjpy has been showing enough bullish structure from daily down to 4hr chart.. Price has formed a clean ascending channel with a bounce at both the resistance and support of the channel. I'm looking at TWO possible entries as we can see from the chart, Entry 1 is at the 61.8% retracement at the 108.995 support, while the Entry 2 is at the 78.6% fibs retracement...
As We can see from the 4hr structure , a Break and retest to that trend line had occurred last week with strong bullish momentum even from the weekly and daily chart, right now I'm looking for a clean Entry to join the bullish run. Price has two options for optimal trade entries from my perspective. Option A, At 1.86798 support that has been tested and rejected as...
The last analysis I posted on us30 failed, but right now I think the next level we should be looking to go long on us30 is obvious from the above chart. I'm also hoping price gets to the that support and the confluencing trend line and also the 50% fibs level should be enough reasons for us to go long with high probability.
price has rejected a 4hr trendline and a strong support with a nice wick and at the same time rejected the 78.6% fibs level. Price has been on a strong uptrend from higher timeframes for weeks now until today's pullback which I see as a great opportunity to join the bulls when they kick in for the next run.. Ny bias is 80% bullish.
Bitcoin is currently testing a trend line and support on the 4H timeframe with multiple rejections at 78.6fibs level when observed. So price will likely continue to the upside considering the recent pullbacks on most cryptos at the start of this week..So I'm long on btc for now and targeting the previous 4hr high.
clean rejection from the trendline that acted like the resistance and a clear loss In bullish momentum with multiple rejection candles as we can see from our chart.Price is also over bought from the the RSI as price clearly rejects the 80 level when using the 14 period from our RSI which gives a clear rejection in the corner. I'm bearish on gold for now.
Uj has lots of prospect right now just looking at the technicals alone, we currently have strong bullish candles from the daily timeframe in confluence with this 4hr triangle pattern that has been broken. Im expecting a bullish movement from this structure right now so lets sit and keep our fingers cross to see how this plays out .
price clearly reject the support from the daily time-frame which happens to hold an order-block and at 78.6fibs level and approaching the negative 27fibs extension.....so my bias on eurusd is bullish for next week
An ascending channel from a previous downtrend has been formed on the daily chart of the dollar yen and a clear rejection from
The Resistance of the channel has been established, and as we can see from the bullish engulfing candle, it'll likely going down further and since the ascending channel
From a downtrend is a continuation pattern, the price will likely...
The price just showed a sign of breaking the strong resistance line un the weekly timeframe and there is descending channel
Formed in between , as we all know the price usually break the steepy resistance of a descending channel.
So We'll wait for a clear sign of breakout and a retracement before going long..