We expect a spike into the zone, alluding that the descending channel has been broken and the trade will continue upwards to the top of the ascending channel.
well we wont do that... We will look for shorts when the zone is spiked.
Sellers will look for entries and set SL above previous day spike... Well that's the first target for buyers.
Orders accumulating, waiting for payrolls catalyst. Once it takes off, its gone. do not extend Stop losses and wait for our update.
We've been watching XAUUSD very closely the last couple of weeks. Until now there was nothing that could stop the price from dropping, until we caught this channel. If the channel support holds, we can expect the multiyear downtrend to be tested again.
According to us this precious is trading in a confirmed weekly uptrend channel, within we can see...
According to XRP prior moves, this is one of the cryptocurrency to pay close attention to this year. We can see this crypto has been building a solid uptrend channel against the euro and it's likely to break the 4H linear resistance.
Once the linear resistance is gone the next ceiling can be expected at the channel resistance again. That area shows...
According to us this pair is heading to the channel resistance and the price is forming a double top after breaking down the steep wedge. Breaking 112.7 will attract some serious bears.
We've been watching gold very closely the last couple weeks. Until now the price was just ranging and we are at a do-or-die level. If the channel support holds, we can expect the target to be hit easily.
According to us this pair is a confirmed uptrend daily channel , within we can see the price is rejected multiple times to head lower. Inside this...
After selling this pair for so many days and weeks, the price is still holding firm above 110. This made us believe the price wants to retest the top or at least make a serious retracement for another decent leg down.
According to us this pair is a steep downtrend channel, within we can see a falling wedge. Breaking up this wedge is a confirmation...
In this chart we again want to make a bold call, like we did on the buy earlier.
As you can see in our EURUSD history we also called the top for EURUSD around 1.20 area.
This pair is fighting for a long time to go higher, but it still didn't make a new high, instead price is going higher, while the momentum in the indicator lacks. This is causing a...
We have had a serious rejection on this pair for higher prices in the past three days. This made us believe the price is trading inside a descending channel and shorting consolidations has our interest.
According to us this pair is heading to a linear resistance and the price is consolidating in a wedge form. Breaking the support of this wedge will...
We can see the weekly price is making a massive head and shoulder pattern. More interesting are the zones where we can see the pattern is getting mature in.
On the daily timeframe a sign of weakness has been seen, let's see how this week will trade.
Everything comes to an and, so will this bull.
We've written a major detail in the chart. If we breach this zone, we can expect a test of the daily ascending channel. Otherwise the weekly descending channel resistance will be tested.
We see this pair is having a difficult time breaching the earlier support it rallied from. Combined with the wicks we are seeing, this looks promising.
On the chart a nice clean falling wedge is in development as well, therefor we advice to enter the trade with enough space to get out if the resistance of the wedge holds.
Once this resistance breaks,...
Based upon this rising wedge on the daily timeframe we can see a horizontal support has to fail before we will sell this pair.
The earlier resistance might act as support, therefor we wait until the setup becomes mature. We already have seen a bearish marubozu candle on the 4H and combined with the earlier rally this is called bearish engulfing.
We've made some notes on the chart about the mentioned pattern. On top of that we can see the price is in a triangle on the 1H timeframe.
Because of the bearish impulse that was confirmed twice we rather believe it will retest the triangle support than breaking up.
On the 30 min timeframe (intraday) we can see...
Hello fellow traders and investors,
The daily channel at this pair is holding firmly and we can see a wedge formation inside it too. That makes us think this is a consolidation, because the indicators are showing exhaustion of bears as well. We are selling this pair, so this buy would be a hedge, if it goes against us we risked the amount we don't care...
Hello fellow traders and investors,
This pair is developing a head and shoulder topping formation, yet the right shoulder isn't that convincing yet. Now it's not on the same high as the left one and the channel resistance shows confluence with that level.
Therefor we will long until that point and sell from there, at least until the neckline and further. See...