Main items we can see on the chart: a) The price has reversed from a major support zone in a similar way it happened in the past b) Now we are expecting a correction before the new impulsive wave c) The reason we are expecting this is that in the past we can see 2 situations in which we have clear corrections after the new bullish movement d) Based...
Main Items we can see on the chart: a) The price has been inside a HUGE correction from the Beginning of 2020 b) Currently, we can see the price in the higher zone of the Correction c) Based on a technical perspective, before the Breakout of a higher degree structure, we tend to see small corrections that formed on the edges of it d) So we think that...
Main items we can see on the chart: a) The price has broken a descending trendline b) Currently is retesting the trendline + the Support level c) If the current zone is not broken with a bearish movement we expect a continuation of the bullish trend d) Our Target will be the next resistance zone 1.28 DAILY VIEW:
Main items we can see on the chart: a) The price broke a Massive Correction / Flag Pattern b) Currently is moving sideways on the edge of the broken structure c) This is a turning point for a new bullish or bearish movement to come d) LONG SCENARIO: If the price breaks above the current corrective structure, we will take it as a confirmation for a new...
Main items we can see on the 4HS chart: a) The price has reversed from a resistance zone b) The previous support zone has been broken c) That confirmed us a new bearish movement towards the next Support zone d) We can see in the past a similar situation from current levels and we expect the price to replicate the movement. e) You can use the...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price is facing the Ascending Trendline. . 🔸 It showed some rejection signals at the current zone. . 🔸 We observe that the last downside impulse was very pronounced, however, price is on an uptrend. Higher highs and higher lows can be spotted. In case the Trendline can not hold, then the Support Zone would be the first Target of...
🔸 WEEKLY CHART EXPLANATION: . 🔸 Price is on a Downtrend. . 🔸 We observe that was rejected at the confluence zone between the Descending Trendline and the Resistance Zone. . 🔸 If it breaks to the upside then the bullish scenario would be active, and the target of the move is the Resistance Zone. And, if price continues to the downside, then it has potential to...
Main items we can see on the chart: a) The price is inside a descending channel (yellow lines) b) That's the main structure, a Clear break out of it, will give us strong signals that a new bullish movement should start, with similar proportions to the broken structure c) We have two scenarios for the current situation d) SHORT SCENARIO: We would wait...
Main Items we can see on the chart: a) The price has faced a resistance zone and now we are observing a reversal movement b) The current level is a critical zone because this reversal movement can be either a correction for further bullish moves or the beginning of a new bearish trend c) SHORT SCENARIO: If the price breaks below 1.06 the next bearish...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price broke the Daily Corrective Structure. . 🔸 It is making a pullback to the broken level. . 🔸 It has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸4H CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Support Zone. . 🔸 We observe that price is on a downtrend, so, we can consider this as a retracement not a trend change. . 🔸 It has potential to reach the Descending Trendline/Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price re-enter the ascending channel b) Currently, the price is facing a correction c) Our idea is to pay attention to the Purple Line, look for the first impact there and then for a corrective Structure before the final Break-Out d) The Target we will use for this idea is the Next Resistance zone
Main items we can see on the chart: a) Currently, the price is making a bearish movement towards the previously broken level b) We expect a correction on the zone c) Our main target for the whole bullish movement is going to be the Double Top using the previous Historical Higher high d) If the current correction is clear enough, we will be trading...
Daily Analysis of AUDCHF A) The price has broken a descending channel with a bullish movement B) From a Technical Perspective Corrections appear after relevant structures are broken C) Based on that we are expecting a correction on the current zone D) If that happens, we will consider it as a continuation pattern E) The main idea will be to trade...
Main items we can see on the chart: a) We had a Range that has been broken b) The price reached the first target that was the Extension of the range c) Looking for similar situations in the past we can see a scenario in which we have an impulse and after that a correction at the same level d) Now we will be expecting a similar formation on the current...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price broke the Descending Trendline and made a strong upside move. . 🔸 Now, it is facing the Resistance Zone. . 🔸 We are waiting for a definition here. If price breaks to the upside, then the target would be the Resistance Zone at 0.7400, and, if price bounces, then the target zone is the pullback to the Broken Trendline. . 🔸...
Main items we can see on the 4hs chart: a) An ascending trendline supports the price. b) The price is currently on a Range. c) LONG SCENARIO: If the price breaks above the previous High, we will consider that the new bullish wave has started. d) SHORT SCENARIO: We will wait for the price to reach the lower zone of the range and the formation of a...
Main items we can see on the 4hs chart: a) The price is inside a Huge 4HS range b) Both sides have been tested multiple times c) Currently, we can see a corrective Structure in the middle of the range after bouncing from the lower zone d) If the Corrective Structure is broken with a bullish movement, we expect a continuation of it towards the...