Raptor_trading

Raptor_trading

Both 1hr and 4hr charts shows that pair has reached highest since Oct 2023. both RSI and STOCH indicating overbought, prevailing growth has been exhausted but bulls keep pushing up slowly amidst consolidation with weak candles, Bulls are still controlled but sellers will be come in to play latter part of Friday and we may see complete reversal on beginning of next...

Raptor_trading

Chance of reaching to 38% is possible

Raptor_trading

testing on solid resistance at 1.13267, any strong breakout will shoot price upward as dollar weakening, Yen already showed a strong movement against the greenback. keep eye on level 1.13427

Raptor_trading

Sell opportunity

Raptor_trading Updated 

long downtrend formed in h1 seems to be deteriorated and nice h&s and cup&handle formed. lower time frames indicate an uptrend with highs and lows.watch for a valid breakout.

Raptor_trading

depends on how strong the pull back would become

Raptor_trading Updated 

prevailing trend has been exhausted and expecting to continue further as there is no visible strong bearish momentum formed so far, if the price broke above 0.7892 support firmly, a long call would prevail up to 0.8082 level with a RR of 1:16 and 103 pips straightly . be alert on the 0.7892 level

Raptor_trading Updated 

if the price break 0.6944 level, there will be potential long opportunity to 0.7049 (105.5 pips) or and 0.7117 (173 pips) during the week. so be alret on the level 0.6944 Decision drivers BB MA break and hovering above MA RSI convergence Faded trend - reversal Bullish power

Raptor_trading Updated 

Watch the support break level at 0.7634 upon the strong trend formation unless the concurrent retracemet do not cross over BB MA. based on the previous supply zones i'm expecting the pair to reach 0.7522 with a RR of 1:5 fundamentals are ignored.

Raptor_trading Updated 

Amidst there were couple of retracement (arrow down) on the prevailing uptrend could continue further by making its higher highs. My analysis suggest to go long, with 1:2 RR Decision Factors RSI convergence Higher highs Buyers' zone BB surfing Support line at 0.9973 Fibonacci ext provides TP level same level at the supply zone

Raptor_trading Updated 

if the prevailing candle could break and ended the level 113.606 (with a strong body) 1 it will be a short option as per my analysis. It also already broke the support level at 113.6043. first I target a TP to 113.1195 with a RR of 1:1 and further expecting to 112.8581 if the fading momentum could hold its reversal, RSI divergence also confined me to go for short

Raptor_trading Updated 

Short option if the price break below 0.7944 & possible TP at 0.7896 (1:1 RR) or TP at 0.7818 with 1:2 RR

Raptor_trading Updated 

I think it's a strong short option mainly based on the powerful bearish candles formed on the momentum..expecting to 1:12 RR or above

Raptor_trading Updated 

This chart emphasizes the power of double tops and double bottoms and then how market reversal works, second, how it is important to adjust your stop loss according to the market trend, there were two false breakouts upon the two resistance levels with massive lower bearish candles, this is why you should either exit before the resistance price level or take some...

Raptor_trading Updated 

Trend continuation