USDZAR went to the high, made a false breakout/fake out. Fell pretty nicely. We can kind of see a head and shoulders forming. If the neck line were to be broken and retested and could see a possible sell trade.
Hi trader, so saw a inverted head & shoulders on AUDUSD broke above the neck line and retested it and also strong bullish confirmation. We could see a move to the upside lets see whats happens. Happy trading.
Hey traders, follow up on the analysis. We've seen a break, retest and confirmation also strong bearish candlestick of the previous now resistance zone 0.89802 - 0.89428 so lets see how this trade works out, happy trading.
Hey traders, will try to male this as short as possible. If we can see a break, retest and confirmation candlestick above the 1.18472 - 1.18851 resistance zone we may see a move to the 1.19330 - 1.19658 resistance zone. If we see a break, retest and confirmation of the 1.17627 - 1.17224 support zone we could expect a move to the 1.14235 - 1.13881 support zone.
Hey traders, EURGBP has been consolidating/ranging market for a while now. We've seen multiple false breakouts especially to the down side. Going to try and keep it short and simple. If we can see the break to the down side, retest my target will be the zone of 0.22752 and 0.88289. However if we can see a to the upside and a break, retest and confirmation of the...
Hey Guys just an IDEA. So seeing a bit of a rejection at the resistance zone again, possibility of a double top happening. It broke out of two trend lines and now its retesting a zone. So lets see how the 1 hour and 4 hour candles close. On the 1 hour it kinda closed with a big shadow/bearish engulfing candle stick but went back up. Might be forming a double top...
Hi just another IDEA. If it breaks above resistance and retests possible move to the next resistance level or resistance trend line. Formed double bottom lets see if it retests the neckline and moves back up. Check how the candle sticks close on the four hour and one hour chart. Also formed a bullish big shadow on four hour chart. Lets see how it plays out. Happy...
JUST AN IDEA. The pair is currently consolidating in the 4 and 1 hour time frames, however it did close with a inverted hammer so we could see a move to the down side potentially, if it breaks the support if not then the upside would be a possibility.
On the higher time frames (weekly & daily) the pair is in a we can see a double bottom and also a trend line channel.
Hi there again. Quick, easy and short. So it has consolidated on the monthly timeframe. On the 4 hour timeframe it has touched both the resistance and the trend line so we could see it fall again however if it breaks out we can see it continue the uptrend. Happy trading and good luck.
First time posting/publishing. Just my own view. Depending on which side it might breakout and retrace that trade can be taken. There is a double top which can be completed or not we'll see which way the markets goes. Good luck and happy trading.