Hello fellow traders and investors, USDJPY is facing a linear resistance and the bulls look exhausted on the lower timeframes. We can see a rising wedge on the 4H timeframe, combined with divergence at this resistance cluster. See below: Therefor we think it's worth the risk to short this pair until the channel support, with a proper risk management. This...
Hello fellow traders and investors, GBPUSD made a double top with a massive rejection so far on the 4H timeframe. This double top with a higher high contradicts with the indicator, the indicator made a lower high which shows a bearish divergence. We think it's worth the risk to short this pair untill the channel support, with a proper risk management. Good luck...
Hello fellow traders and investors, XAUUSD making a textbook head and shoulders on the 4H timeframe and the target below the neckline is very interesting. We can see the price might find support once again at the linear uptrend channel, but to get there we must breach the neckline first. Good luck and don't forget to give us a thumb if you like our analysis!...
Hello fellow traders and investors, CHFJPY is making a textbook head and shoulders on the daily and the target below the neckline is very interesting. We can see the price might find support once again at the linear uptrend line, but to get there we must breach the neckline first. Good luck and don't forget to give us a thumb if you like our analysis! If you...
Hello fellow traders and investors, EURUSD is finding a hard time to push the price up at this area. The the earlier marked wick is still untaken which shows the bears are in control so far. Based upon the current price action this is a sell setup that is worth the risk. We can see that the price is finding resistance at the channel median and that makes the...
Hello fellow traders and investors, This pair is looking for a bottom to rally from, and the current wicks show the interest of buyers is not lacking. We already have 2 hammers at this support cluster, the channel support combined with the pivot, the third one is about to get printed. Good luck and don't forget to give us a thumb if you like our analysis! If...
Hello fellow traders and investors, Gold has hit our daily channel resistance and the candle showed a powerful rejection after that last night. Yet this still remains risky, like any other counter trend trade. Therefor we advice you not to risk more than 2% on this short. Good luck and don't forget to give us a thumb if you like our analysis! If you have any...
Hello fellow traders and investors, Excuse us for posting this too late, we've been entering the short from the top already. This charts has been shared earlier in our free Telegram channel. The pattern still remains valid, we think the neckline will be tested before any further movements will be seen. I case the right shoulder fails we will anticipate on a...
Details in the chart, keep in mind this is a swing trade.
Hello fellow traders and investors, We will trade the following setup, 1.20 is a magnetic level the price wants to kiss. If you want to know why we are selling a freight train, feel free to join our free telegram channel. Good luck and don't forget to give us a thumb if you like our analysis! If you have any questions or want us to analyse a specific pair,...
Hello fellow traders and investors, The DAX is finding support at the support of the linear uptrend channel. We anticipate upon the move we've highlighted with the ghost bars, which means an impulse followed by a flag. As long as the impulse to the upside happens a double top is likely for this indice. Good luck and don't forget to give us a thumb if you like...
Hello fellow traders and investors, Excuse us for posting this too late, we've been entering the short from the top and longed the right shoulder too. This charts has been shared earlier in our free Telegram channel. The pattern still remains valid, we think the neckline will be tested before any further movements will be seen. I case the right shoulder fails...
Hello fellow traders and investors, Let's us save you the words and unnecessary details, because this chart and the charts below are self explaining. Monthly The monthly downtrend channel resistance top is untouched and price looks like it’s in a consolidation since 2015. We can also see the price is hovering around a massive horizontal support, see the...
Hello fellow traders and investors, Let's us save you the words and unnecessary details, because this chart and the charts below are self explaining. Monthly Monthly uptrend channel since 2012 still intact, price is hovering around the multi-year channel support Weekly The weekly candle is showing interesting price action at the multi-year monthly...
Details in the chart.
Instead of writing 1000 words here the trade is speaking for itself. Double top, channel resistance, divergence, gravestein doji. SHORT!!
Breaking up the neckline will trigger a serious rally. Not much explanation required, this is a textbook inverted head and shoulders.