🔸DAILY CHART EXPLANATION: . . 🔸Price bounced at the Support Zone at 0.90000. . 🔸It has broken the Resistance Zone at 0.92000, where it is making a throwback now. . 🔸If we see a clear rejection here, then we consider that there are high probabilities for price to make an upside move towards the Descending Trendline. . 🔸 Will look for a lower timeframe bullish...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced and the Resistance Zone and broke the Ascending Channel. . 🔸Our forecast was bearish on this pair, however, it has bounced at the Support Zone and made a nice upside move. . 🔸In case of a continuation of this movement, the potential target is the Resistance Zone at 0.7400. . 🔸 Will look for a lower timeframe setup. ...
🔸4H CHART EXPLANATION: . . 🔸Last week we posted an Idea on this pair when it was facing the Resistance Zone, talking about the two possible scenarios. . 🔸Finally, the scenario is bearish. It was not able to penetrate the Resistance Zone, and it was rejected strongly. . 🔸We consider that this pair has bearish potential to reach the Support Zone. . 🔸 Will look for...
Today we have a short setup on Stocks. Main items we can see on the chart. a) The price is on huge lateral movement since March 2020 b) We can see 2 key support levels on the lateral movement c) Currently, the price is on the edge of the inner support zone d) There, we can see a clear corrective structure (yellow lines) e) The next relevant level...
Main items we can see on the chart: a) Currently, the price is on the edge of a resistance zone + a descending trendline b) There we can see a corrective structure (yellow lines) c) The first thing we will wait for before trading is a clear breakout of the corrective structure d) IF that happens we will look for corrective structures on the 1H chart,...
Two days ago, we posted a long setup on KO. You can check it on related ideas. Now we have a short setup pending on KO as well. Which is the logic of this? a) Currently, we are in a relevant area; the price can be seen as long or short, depending on how it will evolve in the short term. The idea we have is using a system that can provide us with quick...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Support Zone. . 🔸It has broken the Descending Trendline. . 🔸We consider that this pair has bullish potential towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 TRADE IDEA EXPLANATION: . . 🔸Price broke the Ascending Trendline but could not stay below. Instead, it did a bullish move and broke the Resistance Zone. . 🔸Now, as we can observe, it is making a throwback to the broken Resistance Zone (Now Support Zone). We consider that this pair has bullish potential towards the Resistance Zone. . 🔸There is a bullish...
Main items we can see on the chart: a) The price broke an ascending trendline b) After that, we can see a huge corrective channel (purple lines) c) Currently, the price made a small breakout, and we can see a slight correction on the edge of it. d) IF the price breaks below the structure and reaches the red line, we will take it as a solid...
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It has bounced at the Resistance Zone and made a retracement towards the Support Zone. . 🔸Now, it is bouncing from there, so, we consider that price will make an upside move towards the previous highs. . 🔸 Will look for a lower timeframe bullish setup. 🔸WEEKLY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It has broken the Descending Trendline. . 🔸We need a breakout of the Resistance Zone to confirm the bullish view. The potential target is the next Resistance level at 1.8200. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
Today we have a short setup to take; here, we will show a full explanation of it. a) Before understanding this idea, we should take a look at the Daily chart -The price reached a major reversal zone composed of a Daily descending trendline and a resistance zone -Based on that, we can see substantial bearish potential towards the next support zone -Having...
Main items we can see on the chart: a) The price has reached the all-time highs zone and started a corrective movement b) Now, we will focus on the possible paths inside the correction c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines) d) Based on those items,...
Explanation of the chart: a) The price has broken a clear range b) Currently, the price is moving sideways on the edge of it c) That sideways movement can be identified as a flag pattern d) From a Technical Perspective, we expect a bullish movement with the extension of the broken range at least (On that level, we have a resistance zone). There, we...
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline but it could not stay below. . 🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term. . 🔸Before considering a bullish trade, we are waiting for a break of the previous lower high that can be better appreciated on a lower timeframe. . 🔸 Will look for a...
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline but it could not stay below. . 🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term. . 🔸In a lower timeframe, a breakout of the previous lower high can be appreciated. We are waiting for a retest of that zone before considering a bullish trade. . 🔸 Will...
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS: