4H Chart Explanation: - Price broke the Macro Ascending Trendline. - It is currently on an important Resistance Zone, on a Bearish Corrective Structure. - If it breaks, there is potential to move down towards the Support Zone. Updates coming soon!
This is a setup we are currently waiting, we have already set our Buy Stop orders: Main items we can see on the 4HS CHART: A) The price is above a previous resistance zone now working as a support B) Both the Previous Resistance and the current support have been tested multiple times from both sides C) Currently, we can see 2 corrective structures above...
🔸 DAILY CHART EXPLANATION: . 🔸 Price is on a Descending Channel. . 🔸 It is now facing the Support Zone that has been tested multiple times . 🔸 If it is broken, then there is potential for a downside move towards the lower trendline of the Descending Channel, and, if price bounces, then we could see a bullish move towards the upper trendline of the Descending...
4H Chart Explanation: - Price broke the Weekly Ascending Trendline and made a pullback to it. - It is currently on an important Support Zone. - If price has the strength to break it, there is potential to start a huge down move. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view of the situation. Main items we can see on the Chart: a) The most significant structures we should focus on are: -Descending Channel -Resistance Zone b) The price broke both of them with a descending movement c) We can see a clear Corrective Structure (Wedge Pattern) in The Edge of both structures d) Our view is...
🔸 DAILY CHART EXPLANATION: . 🔸 Price is on a Descending Channel, and we can observe a Lower Timeframe Channel also. . 🔸 It is now facing the lower trendline of the Short Term Channel. . 🔸 If it is broken, then there is potential for a downside move towards the Major Descending Channel, and, if price bounces, then we could see a bullish move towards the upper...
4H Chart Explanation: - Price broke the Descending Trendline. - Price is currently on a Bullish Corrective Structure. - If it breaks, potential to move up towards the Resistance Zone. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view of the situation: Main items we can see on the 4HS chart a) The price was on an ascending channel b) After that, a Huge correction came c) Currently, we are making an analysis inside the Huge Correction d) We can see a Descending trendline inside the huge correction that has been broken e) Now we can see a...
🔸 4H CHART EXPLANATION: . 🔸 Price bounced at the Resistance Zone. . 🔸 It has broken the Ascending Trendline. . 🔸 There is a lower timeframe corrective structure, which if it is broken to the downside, could lead to a bearish move. . 🔸 The potential target area is the Support Zone. 🔸DAILY CHART ANALYSIS:
4H Chart Explanation: - Price broke the Descending Trendline. - Price is currently on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view of the situation: Main items we can see on the chart: a) We should Focus on the "Major Support Resistance Zone." b) Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it." c) After the price testing the zone as a resistance we saw a breakout with a bullish...
🔸 4H CHART EXPLANATION: . . 🔸 Price tried to break the Resistance Zone multiple times, but it couldn't. . 🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then. . 🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here. . 🔸 Will look for a lower...
4H Chart Explanation: - Price was on a Pullback to the Micro Ascending Trendline. - Price bounced from there and broke the Red Ascending Trendline. - Now, it has potential to move down towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision:
🔸 4H CHART EXPLANATION: . 🔸 We have two potential scenarios to consider on this pair. . 🔸 The bullish one, in case price breaks the Resistance Zone, this could lead to a bullish move towards the next zone at 1.31500. . 🔸 And the bearish, in case price breaks the Ascending Trendline to the downside, this could lead to a bearish move towards the Support Zone at...
4H Chart Explanation: - Price is on the Resistance Zone, above the Micro Ascending Trendline. - The up trend could be finished in which case it should bounce down from here. - If price breaks the Ascending Trendline, it has potential to move down towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price bounced on the Support Zone and returned above the Weekly Ascending Trendline. - After breaking the Micro Descending Trendline, it is currently on a Bullish Corrective Structure. - If price breaks it, potential to move up towards the ATH Zone. Weekly Vision: Daily Vision: Updates coming soon!
🔸 4H CHART EXPLANATION: . 🔸 Price broke the Descending Trendline. . 🔸 After that, it consolidated on a Descending Wedge, which was broken to the upside. . 🔸 At this moment price is facing the Resistance Zone at 1.09800, which, if it is broken, it has potential to reach the next zone at 1.1200. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART...
Use this as a guide to develop your view of the situation. Main items we can see on the Weekly Chart: a) Take a look at the 2 previous descending trendlines (white) in the past b) Observe how in both of them the price broke the descending trendline and after that, a corrective movement came c) That corrective movement took about 3 to 5 weeks to be ready ...