As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement) In this case, we have a clear Flag Pattern (or...
Good morning traders, today we will analyze the USD/CAD pair, both on a Daily Chart and a 4H chart to show you a bullish opportunity that we have detected. 🔸The price bounced off from a Weekly Demand Zone, and has been consolidating for several days without a clear trend. 🔸We can see that there was a break of the bearish channel, which is a bullish signal. 🔸If...
Today we will show you the setup we are waiting for on Crude Oil. Our trading philosophy is about defining things we want to see on the chart and only trade if those scenarios happened. By doing that, we know that every time we are executing a setup is a high-quality scenario worth exposing our money to. Let's go to the conclusions: a) Currently, the price...
Good morning traders, today we will show you our analysis of the NZD/USD pair in two timeframes that we consider relevant to make a decision in the short term. 🔸First, we can see in the daily chart that the price broke the bullish channel and has been consolidating for several days. 🔸You have not yet found any relevant support area where we can consider a...
Today we will continue with a series of posts we started on NIO; Our objective is to define clear filters on the stock and then trade if the price full-field our filters. First, let's take a look at the big picture: Here we can see 2 key structures: The ascending trendline and the support zone. Currently, those levels are converging, and the price is...
Good morning traders, today we bring you our analysis of AUD/USD, since we consider that there may be some conflicting opinions about this pair as far as technical analysis is concerned. 🔸As we can see, this pair has been in a clear uptrend for more than a year. 🔸If we trace the bullish channel, we see that recently the lower trendline was broken to the...
Today we will analyze zoom, and we will provide the setup we will be waiting for in case we observe a similar price action. Important items: a) The price has been on a Descending Wedge for 170 days (corrective pattern). b) Currently, the price is supported on an ascending trendline + Lower trendline of the Descending Wedge. c) If the price breaks the...
Good morning traders, today we bring you our analysis on the EUR/USD pair, since we consider that it has upward potential in the short term. 🔸As we can see, the price has been in a downtrend since the beginning of the year. 🔸We can form an expansive channel in that direction by drawing the corresponding trendlines. 🔸This week, there was a break of the...
Today we bring a post about finding a similar situation to the current one in the past. Why is this useful? Because if we understand the resolution of a pattern that has already happened several times before, we can start using them to know what we want to wait for before trading. We are using a Logharitmic chart so we can see the same proportions of % bullish...
Good morning traders, today we bring you our long-term vision of EUR/AUD, which is at a critical level that will determine the behavior of the next few months. 🔸About a year ago the price started a pronounced bearish movement, breaking all the support zones in its path. 🔸Now, in the confluence zone between the support zone and the Ascending Trendline, it found...
Today we will take a look at the current situation on ADBE. Key concepts: a) Flag Pattern: This type of formation is considered a continuation pattern, meaning that after the breakout, we tend to observe a movement in the same direction as the previous impulse b)Ascending Structure: using two trendlines, we can understand the upper and lower bands of any...
Good morning traders! We spotted a very interesting area in GBP/JPY and wanted to share it with you with this analysis. 🔸As we can see, the price is in a bullish channel. 🔸At this time, it is facing the confluence zone between the Resistance Zone and the upper trend line of the bullish channel. 🔸The price is still bullish, but it is a potential reversal zone,...
-Hypothesis: The price is about to start a new bullish movement IF we have the confirmation of the price reaching the green line. -If the price does not reach the green line, we will not consider our Hypothesis Active. -Invalidation level: Redline, this means that if the price does not reach our green line, we will consider that the hypothesis is no longer...
Good morning traders, this time we want to show you our long-term analysis in USD/CHF, since it is about to reach the bullish target that we raised a few weeks ago. 🔸As we can see, the price had been in a downtrend for almost two years, until strong demand was found in the support zone. 🔸From there, at the beginning of this year, the price started an upward...
Good day traders! Today we want to show you our daily chart analysis of the EUR/GBP pair, since it is behaving in an interesting way and we consider it important to take it into account. 🔸As we can see, for more than a year the price has been in a clear downtrend. 🔸All support zones along the way have been penetrated. 🔸About a month ago, the 0.8700 zone was...
Good morning traders, today we bring you our daily chart analysis of the AUD/USD pair. 🔸As we can see, the price broke the Ascending channel. 🔸Now, it is facing against the support zone (previous low). 🔸From here we have two possibilities: 🔸1) A possible upward movement, which implies a rebound and a movement towards the resistance zone. 🔸2) A bearish break,...
Understanding the Bullish Area on MMM - On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios. - We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone. - ...
Good morning traders, today we bring you our analysis of the GBP/USD pair, since we consider that it is performing an important behavior. 🔸As we can see, the price is in a marked uptrend, where we can draw an Ascending Channel. 🔸Last week, the price made a bearish break in the trendline, but the bearish movement was not confirmed and did not continue. 🔸Now,...