TheDayzen

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an overextended "W" Formation and we retested the neckline and aggressively rejected it. Weekly : We do have a rising Wedge and we just broke above the upper trendline and retested it and we are ready to continue to the upside. Daily : We have...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an overextended "M" formation. We expect the price to retest the neckline before the continuation to the downside. Weekly : We did reject the 0.382 FIB level and it seems that now we are looking at a deeper retracement and maybe visit the 0.5 Fib...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation and we already started the new impulse to the downside. We expect the price to retest the neckline before the continuation to the downside. Weekly : We do have an "M" formation as well and we want to see a retest...

TheDayzen

Good Day Traders !! On this pair we do have an opportunity for a short setup that is happening and we would like to see the price drop to the neckline of the W formation that we spotted on the 8H timeframe. We also had a bearish flag that was broken and then we retested the trendline and strongly rejected it. The environment is still bearish and we expect the...

TheDayzen

For this specific pair we just corrected to the 0.618 FIB level and we expect the market to reject that level since we have a confluence of support in this strong area of demand. the environment might shift to a bullish environment in maybe an hour or two , you might want to put this pair on your watchlist. Now if you enjoyed this analysis smash that like button...

TheDayzen

For GBP/USD we are currently sitting on a very strong support level and we do expect the price to reject it and continue it's move to the upside and reach the 1.40 Price. We have a Daily ascending channel and we will target the upper trendline for our long position and then we can look for other opportunities afterward. For the time being from a COT data...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have a impulse correction and continuation pattern and we do expect the correction to the downside before the continuation to the upside or the price will continue it's impulse until the next long target . Weekly : We also have an overextended "W"...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High . Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside. Daily : We have a...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level or to the neckline . Weekly : We also have an "W" formation as well and we just completed the pattern. Daily : We have a rising wedge so we expect to...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level which is in confluence with the potential Target 1 . Weekly : We also have an "W" formation as well and the neckline is exactly in confluence with the 0.5...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an "M" formation and we do expect a retracement to the neckline which is in confluence with the FIB level 0.618 . Weekly : Wa are currently in an acsending channel and we are creating an overextended W formation and we expect price to move...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation We expect the price to hit the neckline at 1.73800 in the long term if we reject the current area of support we are currently sitting at . Weekly : We have an ABC corrective sequence waves and we might be ready...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an impulse , correction continuation pattern . We are currently sitting around the 0.786 Fib level that was rejected previously more than 3 times now. Weekly : We we are forming a potential "W" formation and we rejected the quiet strong support...

TheDayzen

Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation We expect the price to continue dropping until the Demand zone and then start it's correction move . Weekly : We also have an "M" formation as well and the neckline is exactly in confluence with the 0.5 Fib level...

TheDayzen Updated 

Good Day traders !! On this pair we are currently looking at a monthly W pattern that needs to be completed by testing the neckline which is a strong area of support. Going down to the weekly timeframe we have just created a strong level of resistance and also we have a wick that needs to be filled which aligns perfectly with our idea of a Bearish Euro on the...

TheDayzen Updated 

Good Day traders !! For this pair we are at the 5 impulsive wave to the downside. WE also have a very strong level of resistance in confluence with the 0.5 Fib level which makes it even stronger and hard to break. Also on the daylight timeframe we have a formation of an "M" formation and we would like to see the pattern completed before seeing any kind of bullish...

TheDayzen Updated 

Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious...

TheDayzen Updated 

Good Day Traders !! On Gold as we expected the price dropped to the demand Zone and broke the trend line ! On the Monthly timeframe we have an overextended W formation and we just tested and rejected the neckline. Down on the weekly timeframe we have an "M" formation and we have confluence between the neckline of the weekly and Daily "M" formations. Also it...