moca_nomic

moca_nomic Updated 

CADJPY analysis: 1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down. 2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern. 3. Time frame H-4, price has the potential to develop rising wedge pattern. Double top & rising wedge...

moca_nomic

This analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick...

moca_nomic

XAUUSD 1. If we see in daily timeframe, currently price in support area. 2. In daily timeframe, price looks to develop triangle pattern. 3. In H-4 timeframe, price in fibonacci retracement 161.8 Previously, prices had decreased quite significantly, so with 3 points above we can wait and look for a position to make a good purchase. Notes: *) This is a...

moca_nomic

Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling...

moca_nomic Updated 

Currently USDCHF in trendline area, and the candle show us if USDCHF have an opportunity to reject the up movement, because the trend is bearish so USDCHF can follow the trend.