🔸 4H CHART EXPLANATION: . . 🔸 Price did a pullback to the broken Weekly Trendline. . 🔸 It has also broken the short term Ascending Trendline. . 🔸 It has been consolidating for some weeks. We are waiting for a clear breakout of the consolidation before taking any position. . 🔸 Will look for a lower timeframe setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Resistance Zone. . 🔸 It has also broken the Ascending Trendline. . 🔸 It has been consolidating for some weeks. We are waiting for a clear breakout of the consolidation before taking any position. . 🔸 Will look for a lower timeframe setup. 🔸 WEEKLY CHART ANALYSIS:
Main items we can see on the chart: a) The price has broken a Major descending channel (also can be seen as a flag pattern on the weekly chart) b) Currently, we see a corrective Structure supported by the descending channel on the external side c) The final confirmation we need for the bullish movement is a clear breakout of the corrective structure...
Main items we can see on the chart: a) The price has broken a range (yellow lines) b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone c) On the Zone, we saw a corrective structure (purple lines) d) The corrective Structure has been broken e) Based on that we expect that if the price goes above the green...
Main items we can see on the chart: a) The price is inside an ascending trendline b) Currently, we can see a corrective Structure (yellow line) c) What we are waiting is a bullish breakout of the correction d) If that happens we will wait for a corrective structure on a lower timeframe like 1H or 30M e) The target we will be aiming is 0.62900
Main items we can see on the chart: a) The price is above a significant Support Zone b) Currently, we can see a corrective Structure on it c) we forecast that if the price breaks the Structure, a new bullish movement will come towards the next resistance zone d) If you are looking to develop setups on this Analysis, we will only do it after a clear...
🔸 4H CHART EXPLANATION: . . 🔸 Price has been on a downtrend for some weeks. . 🔸 It has broken the Ascending Trendline. . 🔸 The first target of the downside move is the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The big picture of AUDCHF is that the price is inside a Primary Weekly channel and a Secondary Weekly Channel b) The Secondary one has been broken c) Based on that, we can see two corrective Structure on the Edge, and we think that if the new correction is broken will confirm the new motive wave d) Our Target...
Main items we can see on the chart: a) From the Contracts going to negative territory in April, we saw a huge reversal movement b) Currently, the price is moving between 40 and 35 US Dollars a barrel c) Based on the Support zone the price is on, we are waiting for a retest of it, as the first corrective Structure d) If that happens we will have a...
Main Items we can see on the chart: a) We have seen a reversal movement from a major support zone at 1.05 b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement c) After the Breakout of the first descending trendline, we are observing a 4HS compression d) If the Compression is broken, we...
Main Items we can see on the chart: a) The price has broken a major support zone b) Before that happened we observed a consolidation of 150 days c) Now we can see a bearish breakout and this is the way we will trade it d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting e) If the...
🔸 4H CHART EXPLANATION: . . 🔸 Price did a perfect pullback to the broken Weekly Trendline. . 🔸 After that it broke the Asceniding Trendline. . 🔸 The corrective structure has been broken. . 🔸 The potential target of the move is the Support Zone. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸 It has also broken the lower timeframe trendline (corrective structure). . 🔸 The downside move has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price broke a huge range after a reversal movement on a lower trendline of a weekly channel b) After that, we saw a retest of the range c) Currently, we can see a clear corrective Structure above the Support zone d) If the structure is broken, we expect a continuation of the bullish movement towards the...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Weekly Ascending Trendline. . 🔸 Now, it is making a corrective move on a pullback to the broken trendline. . 🔸 If this structure is broken, then there is potential for a downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup if the structure is broken. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . 🔸 Price bounced at the Weekly Descending Trendline. . 🔸 It is trying to break the Ascending Trendline. . 🔸 The first target of the movement is the Support Zone, and then the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price has reversed from a major resistance zone b) After the initial movement and the breakout of the Ascending trendline a Corrective structure was formed c) Currently, we can see a corrective Structure composed by an ABC pattern (also we can expect an ABCDE Pattern) d) If the corrective Structure is broken...
Main items we can see on the chart a) The price is on an ascending Wedge b) Currently, we can observe a clear corrective Structure (Yellow lines) c) The next resistance zone we have is a weekly one (light blue rectangle) d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us...