What a possible sell opportunity for us now. Lets look at the trend line on my chart, we can see a nice rejection off that level, giving us a sign that its continuing it down fall. Now, I used Ichimoku Cloud for this analysis and what we could see is a rejection near the cloud showing us that GBPUSD is still bearish and that a potential big fall for GBPUSD could...
Lets look at the price level for USDCAD!!! Starting off we can see a nice closing candle on the yesterday's candle which closes at a weak support level. We could see a nice bullish pin bar and what I expect to see soon will be USDCAD climbing up in price. From my chart, we can also see a falling wedge forming and I expect to see a breakout soon which I strongly...
As we can see EURUSD is near its resistance level @1.0985 and our sell zone (red zone). Today's candle manage to test this level and what we are seeing now is EURUSD moving back to its trend resistance. We should observe today's candle and see how it close if we manage to see it heading back to its support level same movement as before. For now, I do not see a...
Price Level for AUDJPY is currently at a crucial level near its strong resistance level @70.10. Will AUDJPY break its resistance??? I doubt so for now and in fact I see it possibly retracing back to 67.80. We could also see AUDJPY filling its lower opening gap in the daily timeframe and what I expect AUDJPY to do now is a solid bearish movement down. Using the...
As from my previous post for EURJPY we were in a short position and we TP. Why did I not update the bullish reversal? This is because as traders we should always increase our odds when trading any pairs. What we can see from EURJPY is a bearish bias without any sign of breakout of its staircase pattern downwards. Having said that, if we open long position in a...
Lets look at last friday's candle first!!!! What we can see is an interesting breakthrough of 130.60 strong support level. The volume of that candle was strong but interestingly today's candle was bullish. What I am seeing for GBPJPY is a retest of the 130.60 price level which now turns into rather strong resistance level. As of now, shorting will be a good option...
Just a short update for BTCUSD from my previous post. We can see a clean breakthrough from the resistance level for BTCUSD and those who is following my post should be in a buy position when we see a retest to the resistance level (now a support level). Is it too late to buy BTCUSD now??? I will say that there might be another buy opportunity for us as price...
Recently, NZDUSD managed to breakthrough its rising wedge with a strong downward movement. Price is currently at a trend support level which I believe it will be broken soon heading towards the downside. So what we need to see now is a nice retest to the resistance level @0.6040 followed by a nice rejection of that area heading towards the downside. If we use...
As we can see from USDCHF now, the price level is near its strong resistance level @0.9740. Previously, we could see 3 rejection off this strong resistance level (Red Circle). Currently, we can see a nice rejection off this resistance level and what I am hoping to see is a stronger bearish movement compared to the previous one. With that a nice "M" shape could...
Currently, we can see price level for GBPJPY is at a support level @130.60 price level. This strong support level should be respected as we are to look back at previous price level many price movement got a clean rejection off this level. What we can do now is enter a short term buy position till it reaches resistance level @ 132.65. I will update again when we...
Just an update from my previous post. As we can see from my previous post my consolidation phase top price was at 9200. However, we should adapt to what we see now. Price Level went up to 9380+ price level and the question now is whether it will continue its uptrend??? For now, I am seeing price level potential rejecting from that resistance level falling back to...
We can see EURAUD is in a good downtrend. Recently, we can see a breakthrough at 1.7085 price level which we previously manage to enter a short position during its retest back making 1.7085 now a strong resistance level. If you were look at the overall picture we can see that EURAUD is still within its uptrend support and resistance (Bold Lines). What I will...
As we can EURGBP reached it resistance level @0.8832 and what we can see now is a nice rejection off that level. What we can do now is enter a short position where we have to be aware of an important support level @0.8730. Price Level can also been see consolidating around this support and resistance level. We could see a potential bounce off this strong support...
As we can see GBPAUD have broken its uptrend momentum with a big retracement which we could not see a potentital continuation. Interesting elliot correction wave confirmed a potential continuation of a downtrend. If we look closely, we can see an interesting movement as price level head lower. We could see price level retesting the resistance level before...
Right step by step analysis for BTCUSD. Just an update from my previous post. If you yet to read that post please do so before reading this. Alright, so what we see now is a consolidation phase as predicted previously. I expect this consolidation to be wider in range as we can see price level within this resistance and support level do test the extreme before a...
If we take a look at gold from the daily timeframe, we could see that XAUUSD have been at a very respectable support level. We can see several rejection off this support level as gold overall is still on an uptrend. Definitely, volume may be small with several retracement to the bearish side but we should still keep a bullish bias when trading gold. Till we see...
As we can see, BTCUSD managed to climb up to 10000+ price level with an interesting bullish movement losing strength near that area. After which, we say a nice retest followed by a fall in price level from BTCUSD. So what I will be expecting now is a similar pattern arising for BTCUSD. Consolidation Phase for now followed by a weaker drop in price level to the...
Before we trade EURJPY, we should always look at its trend first. We can see that EURJPY has been moving towards the downside we a great respect of the support and resistance level of the trend (Red and Green Lines). What we can do now is to wait for a good risk to reward trade at a double resistance level area, which is our sell zone (Red Area). As we can see...