Hey Traders! The market recently had a strong rejection back to the previous area of sensitivity Although it's not yet certain I think it will hold and should be re-testing the previous area of resistance. Overall market direction is bullish. About 20-30 pips should be your first take profit, manage your risk. Good luck!
Hey Traders! I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall...
Hey Traders I believe EURGBP has a good chance to continue moving up to re-test the previous area of resistance, overall market direction is bullish. Today's eur retail sales did not influence the market too much, I feel the trend will continue moving up since we had strong breaks of moving averages.
A strong trend upward, and a recent wedge broke out seems likely to re-test the previous pivot resistance or full wedge price action to take profit level. Moving averages at the bottom cover our stop loss. 12-hour hour-recent break of 20 ma shows bullish pressure, likely to re-test previous daily resistance. The pair has been bullish for quite some time, it...
Hey Traders! I believe we have a good chance to continue dropping down for about 20-40 pips before pullback and if we break support we should be re-testing higher timeframe support. Nice head & shoulders pattern breaking 200 ma is a good indicator for further bearish pressure.
The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
Hey Traders, Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
Hey Traders! I believe eurusd could be a good sell trade, we had a nice shooting star formed in between 2 moving averages which currently pushed towards the previous strong area of support. Now since the daily volatility has been quite exhausted, I feel we might have a pullback. So the first trading idea is this: Wait for the support to break, pullback and...
Hey Traders! Overall market trend is bearish, weekly cross of important moving average + the great rising wedge that is now broken and likely will follow the bearish trend until tp. 4 hour push exhaustion scenario seems to be completed, 1 hour timeframe also has great bearish chart patterns showing bearish continuation. Looks good. 👋😊
👉EURGBP @ 0.8564~ SELL 📍 SL - 0.8644 💰 TP1 - 0.8544 💰 TP2 - 0.8504 💰 TP3 - 0.8404 Hey! Everyone 👋 Currently in a 4hour squeeze at the moment, EUR is being sold off against GBP, we also have a 15 minute triangle pattern that is broken and in favour for the bears to step in. 1 Hour bounce off 200 moving average + the overall market direction being bearish is...
Hey Traders! I am directing attention to a potential opportunity with NZDUSD, given its prevailing strong bearish sentiment. Our analysis has identified a rising wedge on the hourly chart that has recently been breached, offering a signal for a prospective downward trade. Notably, higher timeframes are also demonstrating a double top and a rising wedge...
Hey Traders! Our examination primarily focused on extended timeframes. The daily chart exhibits a robust double bottom coupled with a validated falling wedge. Given its yet-to-be-realized profit trajectory, aligning with the prevailing market trend, I recommend a continued buying approach.
Hey Traders! The CADCHF trade is currently in an unprecedented low zone, making it susceptible to sudden bullish surges. While the opportunity seems too promising to pass up, we must tread with caution. The overarching market trend remains bearish, we based our analysis on the long upper shadow and the 4-hour bearish flag pattern. A break in this formation might...
Good morning traders, As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the...
Hello, Fellow Traders, Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in. We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong...
Hello, Traders! Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum. We're also anticipating impactful GBP news in the next few hours. It's critical that...
Hello Traders, Exciting potential awaits on the CADCHF pair! Currently, we've spotted a bearish flag pattern forming on the 4h timeframe. A break from this formation will serve as a strong confirmation of continuing bearish momentum. Another key element to watch out for is the inside bar. A shift past its limit into a new low will underline the dominant bearish...
Hello, Traders! We're seeing an optimistic market scenario unfold with the recent double-bottom confirmation on the 4-hour timeframe for our pair. It strongly indicates a potential upward swing, and we may see levels rising to 1.477 and above. Coupled with the overall bullish market direction, this aligns perfectly with our trading predictions. Today, the...