Hi Traders! The market was in a wedge formation since the beginning of October. Then it broke out around the area 1.31500. After that it retested the breakout and the market bounced back. If the market hasn't done that, there would be a risk of a false breakout. Now the market is around the Neckline at 1.31800. We recommend to buy now until the resistance with a...
Hi Traders! As you can see in the chart, the market is moving in a descending triangle formation. The neckline is around the support at 1.11100 and the trendline is falling. We here have two TP-Levels: 1. At the support at 1.10450. 2. At the support at 1.09800. We recommend to sell the breakout of the triangle pattern. Thanks and good luck :)!
Hi Traders! As shown in the chart, we here have a potential head and shoulders pattern. The shoulders are arounde the area 1.11500. The head level is at the resisitance at 1.11900. Our Neckline is arounde the support at 1.11100. At the moment, the market is at the top of the right shoulder. To finish this formation, the market has to fall at least 400 points. We...
Hi Traders! The market was moving in a opening triangle. The trendline was moving up. Then it broke out last night to the next level at 1.35000. After that it made a pullback. Now the market could get some power and break out the trendline, at least to the next level, to continue the trend. We recommend to buy the breakout towards the next resistance . The...
Hi Traders! The market is moving in very clear movements. After it changed the side and 2nd December, it moved until the support at around 108.500. After that it started consolidating in a descending triangle. The upper trendline tilts down towards the support. Today at 3pm GMT it got exploding pressure upwards and then it reaches the resistance area again. Now it...
Hi Traders! The market was moving with very clean moves and clear consolidation areas. But now the market stopped moving at the resistance/support at 1.10800. It is not in a clear trend but it isn't in a clear range too. The next most obvious level to trade is the resistance box. It consists of a resistance and a strong trendline which is coming from above on the...
Hi Traders, The market is ranging between the resistance at 1.29750 and the support at 1.28100. Now the market is ranging between the two areas. We want to see a breakout: If the market breaks out higher, our TP-Levevl would be at 1.31700. If the market breaks out lower, our TP-Level would be at 1.25700. We recomment to trade the breakout! Thanks and...
Hi Traders! At first the market made a double top pattern. The resistance was around 1.11800 and the support was at 1.10800. Then it finished the pattern with the breakout of the (previous) support. After that the market retested the resistance and retraced again til the resistance at 1.0990. Now we have two opportunities for the market to continue: Either the...
Hi Traders! The market was moving inside a descending wedge. Then it broke out with strong Price Action around 9 o'clock. Now the market will probably make a pullback towards the support at 0.68900. All of the traders who missed the trade will jump on and the pice will move higher. Furthermore the sellers will close their profits at this level and the market will...
Hi Traders! The market was moving up until the resistance at 1.33300 and then it started ranging. The support of the range area is at 1.32650. Then the market starts to make lower highs and higher lows as it loses its momentum. Now the market is at the 4H Trendline and the H1 lower Wedgeline too, but the next strong Resistance is too near and that's why we have...
Hi Traders! The market was ranging between the Levels 121.200 and 120.300. Then it broke out on the 12th November downwards. The market retested the area, but it failed to make a downmove with momentum. Luckily the market formed a trendline. We now can trade on this base: If the market breaks out of the trendline, we have a good risk-to-reward ratio of 2.5. We...
Hi Traders, We here have a big Ranging Market on the 4H Chart. The market is moving between the support at 0.98500 and the resistance at 1.00000. In the last late hours of friday the market did a rally straight to the resistance. Then it closed with a bearish candle. These are good factors of having a strong pullback, because the market has no more power to break...
Hi Traders! The market is now in a consolidation--zone after a shortterm longtrend. During its upmovements it respected the trendline. But the more often the market tests a trendline, it becomes weaker and NOT stronger! Its the same for support and resistance. Now the market is in the consolidation area on the trendline. If the market breaks out higher this idea...
Hi Traders! We here have a market which is in a downtrend. While the market was moving in a parallel channel, the market broke out the support at 0.68100. Then it retests the resistance with two trendlines. If the market fails to break this resistance, we will go short until the next support at 0.67150. We recommend to sell the market with a risk-to-reward ratio...
Hi Traders, The maket broke out and retested the area around 1.10200. Then it was moving higher and made higher highs and lows. Now it stucks in a resistance zone. Now the market will probably break this resistance too until our TP-Level at 1.11100. Our secound TP-Level is at 1.11600. Both because of probably zones where sellers could get in. We recommend to buy...
Hi Traders! We here have a clear market structure. The market is moving up in a wedge formation. Now it reaches the daily Trendline, so we have not enough power to break out of the resistance and the trendline. Our TP-Level is the support at 1.32000 We recommend to sell the breakout until the support at 1.32000! Thanks and good luck :)!
Hi Traders! The market started on 15th Auguste with a trending move of 600 pips. After that the market made a resistance move of about 300 pips. Then it made another trending move with 700 pips. Now it is in a flag pattern since alomost a month. The volatility decreases and thats a good sign for another trending move. We recommend to buy now for the later...
Hi Traders! The market is moving in a clear market structure. It's ranging between the levels at 1.29700 and 1.27900. We also have the Resistance Trendline which comes from above. The market will turn there and we can get in. The RSI is overbought too. We recommend to sell if the market reaches the area 1.29150 because of the trendline and resistance. Thanks...