As we see, NU has broken out of our rising wedge pattern cause a massive pullback. Now, however, price seems to be rejecting off of the common .701 zone. We can expect movement upwards now. Use your own due dill. Not financial advise.
I am not a financial advisor, use your own due dill.
I expect price to drop around .89 then rise. Break below the flag is a sell off. I am not a financial advisor. Use your own due dill. Safe Trading.
According to multiple different time frames, USDCHF has been rejecting the .91750 zone multiple times. Just recently, price has rejected thus price again. We can more than likely enter a position with a proper S/L and about a 80-120 pip TP. This is not financial advise, just a speculation.
I am not a financial advisor; use your own due dill and enter once reversal pattern is shown. Safe trading.
I am not a financial advisor, use your own due dill and enter trade once reversal pattern is shown. Safe Trading.
DAILY ANALYSIS : -Around a resistance zone from the past -Will close as doji if price doesn't move much anymore. --------------------------------------------------------------------- BI/QUAD HOURLY ANALYSIS : -slight divergence forming -price rejecting resistance zone ---------------------------------------------------------------------- It is possible to see...
Based off of my last 2 analysis for this pair.
I previously wrote an analysis mentioning how USDCAD could potentially be a sell. This trade worked out perfectly, and put us over 300 pips in profit. Now we see the pair is struggling to break through one of the trendline's its traveled through in the past several days. I can only expect a drop to occur until it touches the bottom of the trendline; where the...
As commonly known to most, the letter "W" is seen often. Whether this be in reading, or in forex, it's very easy to catch. As we see here on the 4h timeframe, EURCAD has just formed an over-extended W formation; meaning that it went down, then up, then down, then up again. Often, after this pattern is formed, the currency moves to the downside. I have strong...
Hello beautiful reader & thank you for viewing. GBPNZD FX:GBPNZD Today, we see that GBPNZD is nearing a very common supply and demand zone, therefore we must wait to see if it would like to react corresponsive to our current downtrend, or if it would like to retest where we first entered our longs(1.91200). Keep in mind price can potentially do...
GBPNZD has reached the bottom of a falling wedge flag, and around a very popular supply/demand zone. We could see longs in the near future.
EG / EURGBP / EURO - GREAT BRITAIN POUND - LONG Price has recently hit a very popular supply & demand zone, and started rejecting it. Commonly, as most traders know, this causes price to move to the upside, to the next big/common supply & demand zone.
Could we see a breakout on gold to the upside?
My speculation is we will not see any long opportunities, besides retracements(which is a patient game, not a trading game). Price has rejected off of a very commonly known support/resistance zone in its range. Use risk management when entering a position after retracement, and use a 3+ R/R. This is not financial advise just an opinion .
EURUSD is currently forming a butterfly pattern after filling its head and shoulders and pattern, which will make it rise to eventually crash to the downside, with a TP ranging from 1.7-1.74. Look for an entry around the red circle.
AUDUSD has reached a strong form of resistance, and rejected, causing to hit our TP1- Sent to paid VIP group. Now, we can expect either another confluence to push more to the downside, or a retest to said resistance zone for another entry. Pay close attention to price action and candlestick patterns.
Hello; and thank you for your time & effort to read this. I have spent a good hour reading different timeframes & one thing to notice is that NZDUSD has reached a very, very strong resistance zone; which makes it more likely for price to reject said price rather than break through to the upside. Another thing to notice is price has reached the top of...