deforexmafia

deforexmafia

Hello Traders, from the last update on bitcoin, I made it clear on the chart that Bitcoin might move either to the up or down side depending on how it reacts to the strong support and resistance levels. Now! It has moved to the downside which we also made provisions for. It dropped from around $52K to $41K(the current level) and we might not be sure what will...

deforexmafia

Hello traders, We have a very interesting setup here! -Looking at the BTCUSD chart, we have different scenarios that can take place, and these scenarios are being guided by our trendlines, as we can see in the chart -We have basically, 2 important channels in this chart; and these channels are going to guide us also -The trendlines are acting as important...

deforexmafia

Hello traders, we have GBPCAD to look at now! Since GBPCAD has already completed our confirmation and it’s positive to the upside, we should beware of the support zone, which it has created Also, the partial TP zone can also be a point of rejection; meaning we should be careful of that zone also. For now, let’s keep an eye on it

deforexmafia

Hi Traders, Looking at the EURUSD chart, we can see that it has formed a descending channel. And it’s currently at the support zone of the channel! So we have the green descending trendline for confirmation, that is, if it breaks this trendline we expect it to move up to the purple trendline. The purple trendline will act as a stronger resistance zone/point so...

deforexmafia

Traders, so a few days ago I made an analysis on GBPJPY, predicted it will go bearish after our confirmation was completed So now we have that this setup is almost at the final Take profit

deforexmafia

Traders, looking at GBPJPY after hitting a strong resistance level, we might expect it to go bearish. From my analysis, we can see that the market has moved past the confirmation trendline and has struggled to move past the 4H EMA and is currently above the Daily EMA The point it touches the Daily EMA will be a point of partial take profits if the market moves in...