AUDUSD been giving us quite few pips since this week. Broken Wedge Pattern and retraced as well. Moved few pips down but respected 0.625 zone. On 4H , another channel can be seen. I am expecting this channel to be respected. Proper Illustration above mentioned.
Broken Bearish Channel and waited for Retracement as you can check my previous analysis. Now after gaining bearish momentum, You can see a 590-591 support zone . That's where most traders make mistakes. They simply tend to rely on single tool like broken bearish channel and it's going down. No that's not as simple as it seems. Market makes correction and move...
Finally Symmetric channel is broken. Retracement has occured fully as well. We're going short till 1.0780 and then 1.0665. No further details are required. Lemme know about your ideas too. :) #STAYHOME#STAYSAFE
NU finally broke ascending channel , Bearish flag and Trendline . Retracment can be seen too. I'll wait for the complete retracement for potential drop . Fine pips can be calculated here. All we need to have enough patience.
Today's news made USD quite bullish. Seems like broken bullish flag and retraced as well. No details required further I guess. It's quite simple.
All JPY pairs been moving some serious pips and same goes for AJ too. Been waiting for breakout and retest. Still couldn't break that resistance area and started approaching downwards. Waiting for retest. Will SHORT ONLY IF 67.61 ZONE BROKEN. Let's hope it gives up what we're anticipating.
Just for Quick Updates. Described everything in my previous charts as well as illustrated above.
Boris Johnson's recovery also played an important role in Pound's recovery. GBPUSD finally broke the 1.248 resistance area and retested as well. Still moving in bearish flag but seems like momentum has changed. It could be FALSE breakout but still managed to cross 1.255. Would definitely wait for further confirmations. If momentum goes on then we can see a next...
Just here for quick update. EURUSD been following PATTERN-CONTINUATION formation. You can check my previous ideas regarding EU.
Shared SHORT scenario also. You can check that in comments. Sharing LONG if that short validated and will be confirmed as market opens.
GBPUSD still managed to recover since last week. Been consolidated in 1.23-1.25 since last week. Seems like on the verge of ascending channel as well as trapped in falling wedge on both 1H & 4H TF. Couldn't break 1.25 zone and at rejection level on both higher TF 1D & 1W too. Still trapped in bearish flag too. Boris Johnson has been discharged from Hospital and...
EURUSD didn't break Symmetrical TL as well as respected bearish flag. Now what's going on right here. It has rejected 1.095 zone but also broken previous Bullish Flag as well as Resistance area. Now EURUSD is looking for retracement till previous TL and resistance area 1.915. It might reach upto that entry point and if rejected then we can have a proper upward...
AUDUSD been quite bullish since last week and now if we take a look more closely, Market has been closed at previous rejection level. Respected rejection area. Both 1D and 1W TF didn't break previous resistance. RSI indication overbought also. Gartley Pattern can also be seen. 4H,1H TF shows some consolidations meaning strong resistance area. Still moving in...
EU has taken some time since last Friday ,consolidating kept on occuring at demand zone. Bears finally lost the battle. Still EURUSD been in range of Symmetrical Channel. If broken then we can see a proper bullish momentum, however still trapped in bearish channel. Broken 1.09 resistance area as well TL. Seems like a recovery has been started.. I'll most likely...
AUD been quite bullish this week and hence made some serious recovery. EURAUD on the other hand been haunted my bears as AUD got bulls on their sides. Now it's at demand zone plus trapped in bullish flag also another bullish flag on lower TF. RSI oversold hence indication bullish momentum. If respected that demand zone then next target will be 1.7600. R:R also...
As in my previous analysis I have shared a short signal and it went successfully touching the TP. AUDCAD now trapped in Bullish Flag and at critical Support too. Bears have tried to break but couldn't do that. Daily Support plus weekly support worked out. Luckily Rejected and going to make higher highs. Further confirmation will be obtained once market...
XAUUSD been bullish since coronavirus came into play. Still trapped in falling wedge as well as on verge of resistance area. There is doji candle formation on 4h TF as well indicating downward momentum. Breaking that level could make it moving towards 1750. Respected that level could make it declining towards next fib level. Let's see where it goes..
EU being consolidated for more than 2 to 3 days but rallied after breaking TL. Now as illustrated above price has retraced and respected 1.9000 zone and still seems like it's trapping itself in bullish flag. Waiting for buy area 1.82-1.83 as Dollar is getting stronger again. It has respected that line and if broken downward then below "yellow " TL and demand zone...