🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We are waiting for a breakout of the Support Zone to the downside before considering short positions on this pair. . 🔸 Will look for a lower timeframe bearish setup if the zone is broken. 🔸 DAILY CHART ANALYSIS:
Yesterday we made a post about AUDNZD on the weekly chart showing the major structures we can see now on the 4hs chart Main items we can see here: a) The price is above a previous resistance zone now working as a support b) We can see a clear corrective structure after the breakout of the resistance zone c) The corrective structure is also supported on...
Main items we can see on the chart: a) The price is on a bullish trend since the beginning of 2020 b) We can see a clean breakout of a major resistance zone, and now we observe a retest of that level c) IF the price is not able to break the current support zone (ex-resistance level), we expect a bullish movement towards the next level d) To take...
🔸 DAILY CHART EXPLANATION: . . 🔸Price has been consolidating for the last months. . 🔸It is about to face the Descending Trendline of the Corrective Move. . 🔸In case of a bullish breakout, the next target is the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup.
🔸 4H CHART EXPLANATION: . . 🔸Price is moving on a Descending Channel. . 🔸It is facing the upper trendline of the channel. . 🔸In case of a bullish breakout, the next target is the Resistance Zone. And, in case of a bounce, the bearish target is the Support Zone. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS:
Take this as a preparation in case of a scenario like this. IF this happens, we will be ready to trade in the following way. Main items we can see on the chart: a) The price is against a significant resistance zone (check the weekly chart) b) On the mentioned resistance zone, we had a compression that now is broken c) Based on the past behavior of the...
Main items we can see on the chart: a) The price is below a support/resistance zone b) We can see a similar corrective structure as the one that happened in the past c) The next support zone is at 8.00 d) If the price breaks below the current structure, we expect a bearish movement towards the mentioned zone
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Ascending Trendline. . 🔸It has broken the previous lower high. . 🔸Right now it is on a consolidation, which we consider that will have a bullish breakout. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
Consider this just an idea, IF the scenario happens, we will have an interesting setup to take, and if not, we don't do anything, and that's always good for your trading capital. Main items we can see on the chart: a) The price was inside a compression b) Currently, we can see a bearish breakout of the previous structure c) This doesn't mean that the...
Main items we can see on the chart: a) The price is above an ascending trendline b) Currently, we can see a corrective structure (this type of structure tends to have a bullish resolution) c) The corrective structure is supported on a relevant level d) If the price breaks above the corrective structure we expect a bullish resolution towards the next level
🔸 4H CHART EXPLANATION: . . 🔸Price is on an uptrend, moving on an Ascending Channel. . 🔸We consider that this pair has bullish potential, however, we are waiting for a breakout of the Resistance Zone at 127.00 before considering long positions. . 🔸If the zone is broken, the next bullish target is the Resistance Zone at 129.00. . 🔸 Will look for a lower timeframe...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It has also broken the Support Zone (now Resistance Zone). . 🔸We consider that it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Ascending Trendline. . 🔸It has broken the previous lower highs of the corrective move. . 🔸We consider that it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup.
Main items we can see on the chart: a) Currently, the price is on a Falling Wedge pattern (ABCDE Structure) b) We can see that the Falling wedge is sustained on a support zone + ascending trendline (that provide us a solid level) c) Now, the price is making a small correction after a subtle breakout of the falling wedge pattern d) Our forecast is a...
🔸 DAILY CHART EXPLANATION: . . 🔸Price is on a strong uptrend. . 🔸It is facing the Resistance Zone. . 🔸In case of a breakout to the upside, it has potential to reach the Weekly Descending Trendline, but, if it bounces, then we may see a retracement towards the Ascending Trendline. . 🔸 Will look for a lower timeframe setup. 🔸WEEKLY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price is on a strong downtrend. . 🔸It has broken the Weekly Ascending Trendline. . 🔸Now, it has broken the counter-trend corrective move. We consider that this pair has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Confluence Zone between the Ascending Trendline and the Support Zone. . 🔸Bullish View: in case price starts an upside move, the first target is the Resistance Zone at 1.79500. . 🔸Bearish View: in case price breaks the zone to the downside, the bearish target is the Support Zone at 1.72000. . 🔸 Will look for a...
Main items we can see on the chart: a) The price has been on a bullish trend since MARCH 2020 b) Currently, we can see the price outside the ascending channel c) However, we do not consider it as a reversal signal yet d) We expect the price to reach the next resistance zone (all-time highs) There we will pay attention for possible reversal or...