4H CHART EXPLANATION: In the short term, we observe that price broke the Ascending Wedge and now it is making a pullback to the zone, so if it bounces there it has potential to start a downside movement towards the Support Zone at 95.85 Updates coming soon! MULTI TIMEFRAME VISION: -Daily: -Weekly:
4H CHART EXPLANATION: If price breaks down the Support Zone of the range, it has potential to start a downside move towards the Support Zone at 31. A few days ago it started to show weakness on MACD, as we can observe the Bearish Divergence while the price tried to make higher highs. Daily vision:
1H Chart Explanation: - Price broke the Ascending Channel and is currently on a Bearish Corrective Structure. - If price breaks it at 0,42608, it has potential to move down towards the Support Zone at 0,37. However, we still LONG IN THE MIDDLE AND LONG TERM. You can check our Top and Bottom Analysis on the Related Ideas.
1H Chart Explanation - Price is currently on the bottom of a Descending Wedge. - Bullish Divergence on MACD. - In case price breaks the Descending Trendline, it has potential to move up towards the Resistance Zone at 7258. However, we STILL SHORT in the Long Term. You can check our 4H Analysis. 4 Hour Vision
4H CHART EXPLANATION: Price has broke an Ascending Trendline after bouncing at the Resistance Zone. After the breakout, it formed two bearish corrective structures, and provided us with two clear short trades. It is now bouncing at the Support Level, so we will wait to the downside movement to continue to take another position. The next target level is the...
4H CHART EXPLANATION: In 4H chart we can observe that price has broke the Ascending Trendline and the previous support zone, making a pullback on it. It has potential to continue the downside movement towards the Support Zone at 9.4700 and if it is broken, then to the bottom of the Ascending Channel Updates coming soon! MULTI TIMEFRAME VISION: Daily: ...
4H CHART EXPLANATION: Price is on a Corrective Descending Channel since February. Now it is breaking the corrective structure with bullish potential. In the middle term price can face two Resistance Zones, but the potential target area is the Weekly Resistance Zone. Updates coming soon! MULTITIMEFRAME ANALYSIS: Daily: Weekly: *Please note that...
Good morning! Last week we took a trade on this pair at the breakout of the first corrective flag. At this moment that trade is still active, but the chart gave another setup with a second corrective flag, so we decided to post it again. The target remains the same as the first trade, being the Ascending Channel or the Fibonacci Extension level. You can check the...
1H Chart Explanation: - Price broke the Ascending Trendline. - Price is building a Bearish Corrective Structure. - If it breaks it at 8090,5, it has potential to move down towards the Support Zone at 7608,3. You can check our Top and Bottom Analysis on BTC at the Related Ideas. Updates coming soon!
4H CHART EXPLANATION: Price has been on a range since January '19. It has recently broke the support zone, and then pullbacked it to continue the bearish movement. It is facing the Support Zone at 75.250. If that zone is broken, then the movement can continue towards the Weekly Support Zone at 73.00. If price bounces upwards, we expect an upside move towards...
4H Chart Explanation: - Price is currently on the top of the Ascending Wedge. - It has potential to move down towards the bottom of it. - Bearish Divergence on MACD. - If price breaks the Wedge and the Ascending Trendline at 1,3326, it has potential to move down towards the Support Zone at 1,3122. Updates coming soon! Weekly Vision: Daily Vision:
1H Chart Explanation : - Price is on an important point, under the Resistance Zone, on an Ascending Channel. - Bearish Divergence on MACD. - If price breaks the Ascending Channel, it has potential to move down towards the Major Resistance Zone at 0,37, being careful with the Middle Support Zone at 0,4305. However, we still BULL on the Middle and Long Term. ...
1H CHART EXPLANATION: As we can observe, price is making a double bottom at the Support Zone. If the upside movement is confirmed, price has potential to reach the Resistance Zone. We will wait for a price action confirmation like a breakout of the structure and a bullish candlestick pattern to take any position. 4H CHART: *Please note that the above...
1H Chart Explanation - Price bounced on the Support Zone and broke the Descending Trendline. - It is currently on a Bullish Corrective Structure. - If price breaks it, it has potential to move up towards the Fibo Levels. We set the trade with: + an Entry Price on 0,69362; + a Stop Loss on 0,69213; + Target 1 on 0,69536; + Target 2 on 0,69731. You can check...
TRADE IDEA ON AUDNZD Before explaining the trade we will see the context of this instrument on the Weekly chart: On the Weekly chart, the main items we can see are: a)Price broke out from an ABCDE Triangle formation ( Triangles are continuation patterns in this context) b)After the breakout price tried several times to re-enter to the triangle area...
4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is on an ascending channel. -Currently, the price is above the support zone. -We can observe a Flag formation which is considered a Continuation pattern. -On MACD we can see a Bearish Divergence Based on this we think the price still has upside potential towards the upper trendline of the...
TRADE IDEA: E-Mini SP500 Price is on a major descending Trend since 1st of May when the Trade war started escalating between China and the US. we expect this situation to keep bringing uncertainty and making the price to fall. That’s the context of the trade Technically we see the yellow bearish trendline as the main one of the descending movement. If the...
Last week we posted the triangle pattern before the upside movement! Link on related ideas. 4H CHART EXPLANATION: Price broke the triangle pattern upside, so we can expect a bullish movement towards the Resistance Zone at 360. Anyway, there may be some corrective movements on the way, so if you trade it, you should place your stop loss in a safe place to...