Hi Traders! The market is clearly in an uptrend. It is making higher highs and higher lows (see arrows). So, the first trending move was until the orange Resistance area at around 0.62000. After that, it retraced back. This Retracement Move was in a parallel channel. Then the market broke the channel and the Resistance too. The second Trending Move was until...
Hi Traders! The market is - according to the 200MA - in an uptrend. As you can see the market was moving under the trendline. At one point, the market had very low volatility. So, it combined the energy and broke out of the trendline. Now it is retesting it and is again in a consolidation. Because of the Breakout and the support of the 200MA, we expect that the...
Hi Traders! The market is in a downtrend in the big picture. As you can see the market was in a parallel channel. After that it broke out downwards. The market is respecting the H4-Trendline (purple). That's why it broke out of the parallel channel after it touched it. So, the next major point the market could go is the support at 0.96000. We recommend to...
Hi Traders! The market was in an uptrend, after that it retraced in a pattern of a descending triangle. Now it is still in this triangle. As you can see, this triangle has two parts: - the trendline, which is coming from above and - the support at 106.998. Now the trendline and the support are REALLY near to each other. What does that mean? It means, the market...
Hi Traders! If you look at the H4 Timeframe you can see that the market is neither in an uptrend or in a downtrend. Why? The market either need higher highs & lows or lower highs & lows to make a trend. And what do we see? What you can see is higher lows and lower highs and a Support-Trendline (on H4). However, in the H1 Timeframe you can see a tiny...
Hi Traders! As you can see the market is in an uptrend. The market started rallying since it was at 0.55000. After that the market went up. But, why is it in an uptrend? Actually, the market was not in an uptrend until it broke the resistance at 0.62000. Until than, the picture was like that: - Overall market in a downtrend, - market now consolidating, -...
Hi Traders! The market is in a downtrend. As you can see the market is in a descending triangle. That means, that the market is making lower highs, but no lower lows. The effect of this pattern is this: The sellers keep selling at the trendline. The buyers are buying at the support, but they're making lower and lower profit. What does that mean? There...
Hi Traders! The market is making lower highs and higher lows. That's why we see a triangle in the chart. As you can see there are two trendline: One is coming from above und one from below. Now the two trendlines are so close to each other, that the market is squeezed in between. It follows, that the market has to break in any direction to move further. We...
Hi Traders! As you can see the market is in an uptrend. The market was falling down until the area of 107.000. After that it started to raise (please refer: the first up-movement). Now it is consolidating in a channel. But what does that mean? The market has got bullish power. But because it is more effective to show it step-by-step than break it all at...
Hi Traders! The market is in a downtrend. As you can see the market was respecting the trendline. After that the market was in a very tight consolidation around 1.08000. So, some candles after that, the energy "exploded" and the trendline broke. In this moment it is too early to sell, because there is still much bullish power in it. But after a second movement...
Hi Traders! As you can see the market is in a downtrend. The market made a big bearish trending move. It started around 145.000 and has fallen to the area of 124.000. During this session the market respected the 20MA. After that the retracement move started. The market has risen until the resistance area at 134.000. Now the market is consolidating in a tight...
Hi Traders! As you can see the market made lower lows and lower highs. That means that the market is in a downtrend. At first the market made a strong Up-Movement. It reached the Resistance at 1.46600. After that it started to retrace. In addition the market made a "triangle" pattern. So, after the market broke out of this triangle downward it retested this...
Hi Traders! As you can see the market was moving very high, then it returned. The market has fallen to the level 0.95000. After that the market is now in an upmovement again. This is in a form of a parallel channel Now we're waiting the market to touch the sell area or to break the parallel channel. Then we're going to sell. The SL is above the...
Hi Traders! The market just broke the market structure. Now it is in a (not confirmed) uptrend. Before, the market was in a descending parallel channel. Then it broke out, tested the Parallel Channel again and made a higher high. After that the market got under the previous High (orange dotted line), but it failed to make a new lower low. As you can see the...
Hi Traders! As you can see the market is in an uptrend. The market was moving downwards in the past days, after that it started to retrace. If you use the Fibonacci Retracement Tool, you will see that the market is now at the important 61.8% Level. This is a strong signal for many traders that the market will continue its previous (down-)trend. In addition, the...
Hi Traders! The market is in a downtrend. As you can see it is now retracing in a parallel channel. The market is going towards the resistance. We'll wait until the market touches it. For moving down lower the market should break the channel. When the channel breaks, we will sell. The first Take Profit is at the first (weak) support. The secound Take Profit is...
Hi Traders! As you can see the market is in an uptrend. The market broke out of the daily trendline before. Then it stopped at daily resistance and is now consolidating. Now there are two opportunities: 1. The market needs support of the 200 MA. That's why it breaks out downwards of the triangle. The SL is above the triangle and the TP is at daily support & SMA...
Hi Traders! The market is in an uptrend. As you can see the market was in a strong uptrend, but then a consolidation started. After the consolidation the market is moving into the lower side. That's why it is possible to make a new downtrend. We recommned to sell during strong momentum. Thanks and good luck :)!