Sell area at 154.60-155.10
Stop @ 155.40
Target @ 151.12 and 2@149.02
Risk to reward ratio 1:16
In 8hr Gbpjpy broke the bulish trendline previously and also retest sucesfully.There is also double top pattern in daily which favours bearish scenario..
There is also Diamond pattern and breakout in 1H.In monthly time frame price at bearish trendline and rejected 2...
Hey guys hope you're doing well reading this.
Fib drawn between yearly high and lows - recent spike brought us up by roughly 400pips, we're currently seeing exhausted / rejection candles forming an arch shape, like an upside down "U" which is much clearer on the 4H chart. This is a less common trend reversal pattern, but we can put some faith in it as price is...
So i have small positions short here since we touched the multi-year trendline! Looking for a chance to add more :D
I'm expecting to see some correction or sideways action on the price around this area we're at right now, waiting the breakout.
Whats your opinion on this pair?? Let me know in the comment section!
Dont forget to like as it shows your support!...
Another 200 pips booked from my Last Gold trade We gained 1450 pips from xauusd in this months and this is third trade of 500 pips in this month. Gold is paying really well and thanks to my strategy that makes Gold analysis easy.
If Gold hit my stoploss it will move to 1910, even if you lose this trade you will recover in next trade. I am always confident with my...
I see this pair going back up to in the coming weeks to this level. I will keep holding for as much as possible.
Like & Follow to support more analysis. You can also send me a DM for accurate entries, exit, SL and TP.
PRICE SEEMS TO BE STRUGGLING TO BREAK 114.250, IT ALSO LOOKS LIKE IT POSSIBLY CAN BE FORMING A DOUBLE TOP ON THE DAILY BUT ON THE WEEKLY IT LOOKS LIKE A BIGGER DOUBLE TOP MAYBE FORMING. IF PRICE FAILS TO BREAK 1114.250 PRICE POSSIBLY CAN DROP TO 108.835
Major monthly resistance level. Pulled back to Golden Zone of Fibonacci on Daily time frame. Created a spinning top candle for sign of reversal on Daily. Will finish the month in continuation for sell to 1.296 area.
Due to my analysis you can see price has reached the top of the Bollinger band, that means price has came to a certain resistance in the market. Besides the Bollinger band price has been moving with the trend it has created, which has been bullish. Since it reached the top of the trends resistance and top of the Bollinger we will go for a sell to about where last...
BXY ZXY
Volume, Vwap, VFI Setup a very simple profitable setup only using 2 indicators (Volume Weighted Average Price & Volume Flow Indicator) as everytime the vwap in candlestick/bars and vfi crosses in the chart it's a sign of a huge move or trend reversal as you can see in the chart. This GB (GBP/NZD) setup in 2hr tf could have made you +500 pips in only 2...
BRENT CRUDE OIL UKOIL Stuff and Nonsene
Brent is expected to move up to 68.06-69.47 range over the
coming couple of weeks where it becomes a sell again with
stop above 70.00.
Buy dips to the lower parallel if seen at any point during this
rally, looking to sell again when the upper parallel meets
price in the 68-69.47 range in a couple of weeks' time.
WTI...
This is a great set up on the daily chart, the head and shoulders pattern is structurally clean but don't be surprised to see some chop around the neckline. I'm looking to start building positions around the neckline.
There's a pretty solid 500 pips to work with here.
This will be a tricky trade, start small and scale in.
Happy pippin...
USDJPY had an impulse down and now its correcting and it looks like this is a triangle pattern, in case it is this would have to make another wave up and then it would complete the 5 wave structure which would lead the breakout to the downside and ill be targeting 95.50 and potentially lower.
USDCAD on the daily chart is in a downward trend as you can see on the chart. What so interesting about this long opportunity is that price break and close above this daily trend line. Once a break and close above happened now I am looking for the price to retrace to that zone where It break the trend line. Now I can assume that this zone will become a possible...
