Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
Daily time frame analysis on USDCAD. Trading recommendations & thoughts. ❤️Please, support this idea with a like and comment!❤️
Top-down analysis on Silver. Learn how to catch a swing move. ❤️Please, support this idea with a like and comment!❤️
Hey traders, A lot of forex majors are standing on key pivot points right now. Here are some of them that I am carefully monitoring at the moment. 1️⃣ AUDUSD - Daily time frame 🇦🇺🇺🇸 After a strong bearish movement, the price is retracing. Currently, the market is testing an upper boundary of a major daily resistance cluster. I still remain bearish biased...
Very important moment for Bitcoin. On a daily, the market is currently trading in sideways. The price has formed a wide horizontal trading range. Bears are testing its support at the moment. Here are two scenarios for you to follow: Bearish. In case if the price breaks and closes below the underlined support of the range, many buyers will lose confidence...
CHFJPY reached a strong horizontal key level. The price formed multiple weak candles and dodji's on that. I expect a bearish move now. Goals: 119.35 119.0 ❤️Please, support this idea with a like and comment!❤️
GBPJPY reached a strong intraday structure resistance. On that, a double top with a lower high is formed. To short, I am waiting for the underlined yellow neckline breakout (1H candle close below). Targets will be: 152.5 151.57 In case of a bullish breakout of a red zone, the setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Hey traders, EURCHF reached a resistance line of a major falling parallel channel. The price was nicely rejected on a daily. As a confirmation, the price broke and closed below a support line of a minor rising channel on hourly time frame. Now I expect a bearish move. First goal - 1.0922 ❤️Please, support this idea with a like and comment!❤️
Structure analysis on EURUSD. Price action & trading recommendations. Directional bias & thoughts. ❤️Please, support this idea with a like and comment!❤️
AUDJPY is quite oversold after a strong bearish rally. The price reached a key daily pivot and managed to violate a falling parallel channel to the upside. I expect a local bullish movement. Goals: 83.0 83.35 ❤️Please, support this idea with a like and comment!❤️
GBPUSD looks relatively oversold. On Friday the price reached a key level and leaves some reversal clues. We see a confirmed breakout of a falling parallel channel on hourly time frame. I expect a pullback at least to 1.391 ❤️Please, support this idea with a like and comment!❤️
Hey traders, ⚠️USDCHF is approaching a strong daily resistance level. On hourly time frame, the price formed a triple top formation. To catch a pullback from the underlined structure, wait for 0.921 horizontal neckline breakout (1H candle close below). Then sell aggressively or on a retest. Your goals will be: 0.917 0.914 ❗️In case of a new higher high...
Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
EURGBP broke and closed below a strong daily support cluster. Now the broken structure and a falling trend line compose a local zone of supply. From that a bearish movement will be expected. Next goal will be 0.848 ❤️Please, support this idea with a like and comment!❤️
Hey traders, GBPCAD broke and closed above a major daily key level. Now the breakout is considered to be confirmed and bias is bullish. I am waiting for a pullback to catch a swing-long trade. Goals: 1.74 1.757 ❤️Please, support this idea with a like and comment!❤️
Hey traders, Here are to main scenarios for you to watch on gold. In my view the market is quite oversold and quite soon we will see the retracement. Check the chart for more details. ❤️Please, support this idea with a like and comment!❤️
Hey traders, EURUSD keeps rallying. Bears keep pushing the market and we see a strong bearish movement. I am currently waiting for a pullback to a key level to catch a trend following movement. 1.1975 - 1.2 is the first key resistance to watch. 1.2045 - 1.2065 is the second major resistance. Wait for a pullback to these levels and wait for a confirmation...
The last trading days were very bullish on cryptomarket. Bitcoin has recently retested a 40.000 level and even went a bit higher. Retracing, the price formed a falling wedge pattern. Testing a key level (previous local high) the wedge went broken to the upside. I guess now the market will grow. Goals: 40800 41800 ❤️Please, support this idea with a like and...