Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66697, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the...
Looking at the H4 chart, I have a bullish bias for BTCUSD because the current price is above the Ichimoku cloud , indicating a bullish market. Look for a buy stop entry at 17246.66, just above the 23.6% Fibonacci line. The stop loss will be set at 16004.00, where the previous swing low is. The take profit point will be at 18595.60, where the 50% Fibonacci line...
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a potential buy stop entry at 1.05948 for bullish momentum to bring price to my take profit at 1.07652, where the previous swing high is, Stop loss will be at 1.04431, where the 38.2% Fibonacci line...
On the M30 time frame, prices are approaching the resistance zone at 1786.50, in line with the Fibonacci confluence, descending channel’s resistance and 50 EMA. A pullback to this zone presents an opportunity to play the drop with 1774.80 as the next support target. Prices are holding below the 50 EMA which acts as a dynamic resistance, supporting the bearish bias.
On the H1 timeframe, a throwback to the support zone at 1.0538 which is the H1 demand zone and 50% Fibonacci retracement could see a further upside above this level to the resistance zone at 1.0580 which coincides with the graphical high. Prices are also holding above the 50 EMA supporting the bullish bias.
On the M30 time frame prices are approaching the resistance at 0.64080, in line with the Fibonacci confluence levels and descending channel’s resistance where a pullback to this zone presents an opportunity to play the drop to the support target at 0.6370. Stochastic is approaching resistance at 90.13 as well where we could see a reversal below this zone in line...
After the last few weeks of NZDUSD's rally, we have reached important supply areas and there is a possibility of a dip in the current price.
Gold is entering a consolidation phase after a fairly strong and active recovery. The level of 1807 is a strong obstacle, so it needs to accumulate energy to overcome this area. In the previous idea, I pointed out the possibility of forming a pullback from 1807, which is what we got. Price is testing 1784 and giving us a reaction. Trading inside the range is...
The USDJPY after reaching its multi-year high of 151.94 and against the background of weakening fundamentals has locally changed its trend. The Japanese Yen has strengthened, but now the price shows the reasons, which might weaken the Yen again. On the chart I marked a price channel (bearish) and today there is a breakdown of the channel resistance and price...
Price bouncing off of a demand area making for a high probability set up to take a long trade back into supply. CPI data coming out this week on USD, so expect some volatility. Decent low risk trade if it doesn't work out. FX:AUDUSD . 🟢Entry: 0.67440 🛑Stoploss: 0.67250 🎯TP1: 0.67900
Bitcoin continues to stand in consolidation. For the development of the upward movement it is necessary to form an impulse growth to the area of 17300 and higher, thereafter it will be necessary to monitor the local corrective breakdowns to set further movement targets. Altcoins: Tron is in a local correctional pullback, after its completion we expect the rise...
Hey traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.04900 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The EURUSD pair has been within a narrow Triangle range since November 30 after breaking above the 4H MA50 (blue trend-line), which held it as Support while establishing 1.0600 as its Resistance. It appears that it is waiting for Tuesday's U.S. CPI and Wednesday's Fed Rate Decision before making a move. That should be the break-out that we should trade and from a...
Hi everyone, today I will be talking about a possible BTCUSD l ong trade using Smart Money Concepts. Trade idea 1. On the H4 timeframe, price is bullish 2. Higher highs and higher lows being formed as shown by the red highlights 3. Area of market imbalance marked by the blue zone serves as a potential reversal point 4. Anticipate price to come down to...
EURUSD after my previous idea moved as expected. The price has created a new recent high and is now testing the 0.618 Fibonacci level. According to Plancton's strategy IF the market will satisfy the condition we can set a new long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...
💶💵EUR/USD Triple Top Trap? 💶💵This post is a direct continuation of my previous post in which I predicted a fall in price. 💶💵As you can see the price is still struggling around the recent peaks. 💶💵My scenario remains unchanged, I still think we are in for a downward correction. 💶💵Looking at the fact that we have made a triple top and the price clearly does...
GBPUSD is nearing Daily Trenline.. waiting for a possible breakout out and maybe a retest to confirm buy. Waiting patiently for move.