4 Hour Chart Explanation: - Price is testing the Weekly Ascending Trendline. - Bullish Divergence on MACD. - Potential to move up from here. - Our targets are the Middle Resistance Zone at 1.4893 and, then, the Resistance Zone at 1.518. Check out our Weekly and Daily Vision! Weekly Vision: Daily Vision: We are looking for buy setups on lower...
Use this as an idea to develop your own trade Main items we see on the Daily Chart: a)The price is against a Resistance Zone that was tested multiple times on the past b)Our Entry zone is positioned on a zone in which the rejection to the resistance zone will be confirmed c)Our Stop is positioned above the resistance level also giving enough distance to fake...
EURCHF has seen a conclusive break of key support from its 1.1056/51 range lows to mark a resumption of its core downtrend, in line with our broader bearish stance following the completion of a large bearish continuation pattern in late June. We look for the trend to stay directly bearish with support seen next at 1.0989/84, but with the next meaningful support...
FX:EURUSD FOREXCOM:EURUSD OANDA:EURUSD SAXO:EURUSD EURUSD - Intraday - We look to Sell at 1.1240 (stop at 1.1270) Posted Mixed Daily results for the last 10 days. A bullish reverse Head and Shoulders is forming. The medium term bias remains bullish. A Fibonacci confluence area is located at 1.1172. The bias remains mildly bearish but there is scope for a...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY USDJPY - Intraday - We look to Sell at 108.10 (stop at 108.40) Levels close to the 61.8% pullback level of 107.60 found buyers. Buying posted in Asia. Price action has formed a bullish ending wedge formation. The trend of lower highs is located at 108.49. The rally has posted an exhaustion count on the...
Looking to buy on the demand zone as spotted by the ufo demand zone
This week could be very intresting and volatile week for #GOLD hope you all enjoy the video and great week for everyone.
TWO GREAT WEEKLY CLOSURES. I CAN ONLY SEE BULLS FOR A D2 FIB EXTENSION TO A WEEKLY TRENDLINE AND DAILY RESISTANCE PLACED HAVE A GREAT WEEK
AUD/USD, Daily chart: Inverted "Head & Shoulders" + Breakout of mirror level + RSI(14) above 50 zone, which is sign of uptrend. BUT resistance line ahead.
In a previous post I talked about this being a risky time to buy for a long term investment in the S&P , Emini, SPY , or MES . Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down, signalling...
The bulls reversed the market up in two small legs (Jun 3, Jun 24) from the nested wedge bottom. Last week formed a second entry for a potential larger second leg up where the Jun 24 rally is the first. However this has not yet triggered and today is currently a bear bar near the low of last week. If this week closes as a bear bar, it will be a weaker buy setup...
EUR/GBP, Daily chart: Resistance zone + "Evening Star" candles pattern + Overbought + Divergence on RSI(14)
The pair appears as though it's forming an Ending Expanding Diagonal and we could potentially be heading back up into the recently broken structure level around the 136.76 levels. Stay tuned for the updates! Leave a like and follow me if you enjoy what you see.
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY USDJPY - Intraday - We look to Sell at 108.00 (stop at 108.30) Posted Mixed Daily results for the last 3 days. Selling posted in Asia. Previous support level of 107.81 broken. The AB=CD formation target is located at 107.20. We have a 78.6% Fibonacci pullback level of 107.24 from 106.77 to 108.99. There...
Looks like the pair is setting up an ABCD pattern and we are looking into catching the D leg all the way up to the 0.7180 - 0.7200 region. Stay tuned for daily updates!
So on yesterday's post we covered the Daily chart and this just serves as a little update. We have bounced as anticipated (see yesterday's idea) and we are headed towards the top of the A leg. However, there is always the probability that we won't head all the way up to that point and we could just start dropping from the new structure level highlighted just...
The last EUR/USD idea on the 4H didn't work out as expected and upon switching to the D timeframe the patterns become a little clearer. We can clearly see a strong impulse to the downside and we are now in a consolidation phase which in my opinion will be developing in a zig-zag or flat correction according to Wave Correction types. Anticipating the C leg up...
FX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP EURGBP - Intraday - We look to Buy at 0.8965 (stop at 0.8940) The trend of lower highs is located at 0.9030. Selling pressure from 0.9051 resulted in all the initial daily gains being overturned. Bespoke support is located at 0.8965. The 261.8% Fibonacci extension is located at 0.8956 from 0.9051 to...