Reasons for -As you can see we have Lower highs and lower lows -This shows us a clear down trend on the daily Timeframe -We have bounced from our key level at 2.00000 and have found some bullish momentum -As you can see we also have our trend line underneath Price -So essentially we are still up trending on the higher timeframes -The past day put in a long...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...
Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in...
Reasons for -Firstly on 4 hour chart we clearly see a down trend which has been broken -We can also see price has broken major trend line which acted as RES -Since we made the low of around 1.41000 we have put in Higher highs and lower high -This signifies a possible new trend forming -Also if we look at the Trend line acting as Support we have had our...
USDCHF has finally met my set up after a long waiting. The market is on a strong uptrend (based on 200ema) It has experienced a pull back and currently the price is on the buy zone (the space between 20ema and 40ema) There is now waiting. I will take a long position targeting 20 pips. Lets wait and the if the market will favour us.
GBPJPY WEEKLY BUY GBPJPY WEEKLY BUY OPPORTUNITY, WELL IT WILL BE RETEST FOR SHORT,
GBPUSD WEEKLY BUY PIN BAR We can get the opportunity in buy fever with the GBPUSD WEEKLY BUY PIN BAR
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
Reasons for - We are clearly up trending - We are putting in higher highs and lower highs - We are getting nice swing highs and structure - Previous 4 hour candle was a bullish hammer (Bullish candle) - We have nice long wicks to the downside which signals more buying power - We are above key level of 0.75000 Daily - We put in a huge Bullish engulfing last...
Reasons for 1.Price has been stuck in box range for a few weeks now 2. 1.08000 Level is a strong level of support as the past has shown 3. Price has put in a bullish hammer and a bullish engulfing 4 .Price also put in a sign of reversal with a tweezer bottom 5. All these signs signify a reversal and possibly momentum to the upside
Follow the pair and if the price falls to around 1.4300, creates false break followed by divergence look to buy. Target 1: 1.4480 Target 2: 1.4600 Stop Loss: if the pair fails to move higher and breaks the last low created before entering the trade OR below 1.4250.
Reasons for 1.price has been trending up 2. price broke major RES level 3. now price came back and retested the level and put in a major bullish candle 4. price has put in a bullish engulfing taking out 8 hours of downside movement 5. price ready to make a higher high ?
The pair has created a bullish convergence. At least in the shorter term i think the EURJPY is going up. So wait for a double wave correction down near the 50% fibonacci retracement zone and a bullish candle on the M15 chart in this area in order to get into a buy. Target 1: 128.00 Target 2: 128.80 SL: below 127.80
Is there any significant to tell there will a change takes place from down trend into up ones. The answer simply is YES....indeed ..but how?!!! Let's start with indicators , 1-Stoch. as shown has been reached the over bought area 2 times during 2 months(Oct 2015,DEC2015,Red Circles) .Is that means something..YES specially when we see the Stoch never reach this...
Coming News for Consumer Price Index will be negative which will push Gold upto 1080+