Those who have played Fortnite know how powerful the Pump Shotgun is in the game. But do you know what is more powerful? The pump that we are gonna experience on USD/JPY! Having spiked below the local crucial area of support that is plotted on the chart, the price has formed a valid bottom and is now ready to start its bullish impulses to the upside. Hence,...
As it can be inferred from the graph, the price has printed strong bullish candles and successfully rejected the key area of support portrayed on the chart. Now, after an impulsive move, a correctional one is needed before further impulses resume. Thus, we are closely monitoring the price action and waiting for the price to pullback to the highlighted level before...
Firstly, taking a look at the Weekly timeframe graph, it can be noticed that the price has experienced a dramatic impulsive drop and is currently sitting on a major level of support. We know, that after an impulse, a correction should kick in. And therefore, we are zooming into lower-timeframe charts and looking for extra confirmations (spike below the freshly...
First and foremost, looking at the Weekly timeframe graph of Gold, it can be inferred that the price has broken out of the descending channel portrayed on the chart and started printing impulsive moves to the upside. Narrowing down to the Daily timeframe graphic, we can observe that the price has recently re-tested the highlighted area of resistance that lines...
Looking at the higher-timeframe picture of the pair, it can be inferred that the price is currently in the process of correcting a previously printed impulsive bearish leg. After having broken the upper boundary of the sideways-moving range, the price has pulled back to re-test the penetrated zone. We can see that the 50% Fibonacci retracement level is where the...
Looking at the H4 timeframe graph of EUR/USD, it can be inferred that the middle-term sentiment of the market is currently bearish. The price has successfully penetrated the lower boundary of the descending channel that is portrayed on the chart and is now attempting to re-test the broken structure before potentially pushing lower to the downside. The 1.03 -...
Happy Friday, sorcerers. Welcome on another educational post by Investroy! The trading and investing industry is a difficult one to succeed in as it has various complex details that you need to dig into both from technical and psychological perspectives. Predicting the price movement and understanding the logic behind it may be challenging at first. But as time...
Taking a look at higher-timeframe charts of USD/JPY, it can be observed that the price experienced a dramatic fall last week. As we know, after an impulsive move, a correctional one should happen. Hence, looking at the 8h timeframe graph, it can be inferred that the price has been consolidating for a while and forming a bottom before starting to push to the...
Good time of the day, friends! Rushing into trades is definitely among the top #3 common mistakes done by relatively newer market participants who we would call early sellers in this context. The chart/infographic above is pretty self explanatory, but let’s still cover some aspects of it by considering a following scenario: Market was moving sideways the whole...
As it can be observed from the graph, the price has been declining for quite some time and is currently sitting on a crucial area of support. After impulsive moves, a correctional phase should kick in. Therefore, we are monitoring the local area for entering short-term long positions and benefiting from the possible upcoming retracement. Our initial target is set...
New week, new chart analyses from Investroy! Today, we are taking a look at the situation that is present on EUR/USD. Taking a look at the WEEKLY(W) timeframe graphic, it can be observed that the price has printed some serious impulsive moves to the upside in the previous couple of weeks. The descending channel pictured on the chart has finally been broken and...
The Weekly timeframe chart of USD/CHF clearly shows how the price has been unable to break above the important area of resistance portrayed on the graph. The lower-timeframe graphs at the same time, illustrate how nicely the price has been pushing to the downside. The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can...
Taking a look at the 4h-timeframe chart, we may observe how the price has bounced off the 1.35040 area of support that has been identified on the graph. Afterwards, some consolidation moves kicked in that were followed by an impulsive push to the upside. Right after the impulsive leg got printed, the correctional phase kicked in and the price got driven all the...
Looking at the 4h-timeframe chart of Gold, the following can be observed: the price is pulling back to re-test the 1658 - 1659 area of previously penetrated support which now serves as a zone of resistance. The same area nicely lines up with the 0.786 Fibonacci retracement level. Once that specific key zone is reached, we are looking into closely monitoring the...
New week = fresh chart analyses from Investroy. Today, we are conducting a multi-timeframe analysis on USD/CHF, which is one of the pairs that we have on our watchlist and trade on a constant basis. Firstly, taking a look at the Weekly timeframe graph, it can be observed how the previous Weekly candle has closed in the favour of buyers by developing a nice...
As it can be observed from the 8h-timeframe graph, the price has spiked above the upper boundary of the ascending channel and dropped down instantly by printing an impulsive bearish move. Now that the re-test of the printed impulse is done, it's highly likely for the price to keep dropping and reach the area of the lower boundary of the channel.
Firstly, zooming out and looking at higher-timeframe graphs, we may clearly see that the overall trend remains bearish. Now, zooming in and observing the recent price action, it can be noticed how bullish impulsive moves kicked in last week before market closure and drove the price up. By doing this, a key zone has been formed at the area of 0.981, and the price...
On the 8H-timeframe chart, it can be observed that the price has dropped massively after printing long and ugly wicks to the upside and being unable to push further. This move was healthy and necessary for the price to re-test the previously penetrated key zone of 1.371. Zooming into lower-timeframe charts, we may notice that the price is potentially attempting...