Long term we are bearish but monthly and daily are giving a possible push to the upside. It might take weeks for that to come to play. But for now we remain bearish
Hi there. Price is forming a clear continuation pattern to the downside. Wait for the price to complete the continuation pattern that it’s forming on lower time frame and watch strong price action for sell. Next week probably dollar will fall and CHF gonna get strength. Perfect pair to trade.
The Dow Jones turned lower from around 26300 levels yesterday. It is too early to confirm a bearish reversal on the daily chart but potential remains for the same. At the same time, please also note that Wave C equals Wave A at 26500 levels, hence an upside through those levels cannot be ruled out. The wave structure is representing an impulse drop from 26950...
Gold prices have remained subdued for now by dropping towards $1218 levels at this moment of writing. Believe it or not, the structure still remains bullish till prices stay above $1212.00, going forward. At the same time, please also note that a drop below $1208 could indicate that a meaningful top is in place at $1245 levels and that the metal is looking lower...
The US Dollar Index has rallied past 96.70 levels, above our expectations and has print highs at 96.93 levels for now. Please note that the US Dollar Index has carved a potential lower high below 97.20 levels and could possibly reverse from here. We shall remain open to any alternate scenarios according to price action but the index maintains its bearish structure...
The EURUSD has reversed sharply from 1.1500 highs. Ideally, prices were expected to remain above 1.1350 levels to keep its medium term bullish structure intact but the markets as usual springs up surprises and alternate wave counts come into picture. At this moment in time, the EURUSD is seen to be trading around 1.1331 levels, and might threaten our proposed...
Monthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout: 1. Have a break below the Cloud. 2. Have a TK cross 3. The Chikou is below price 4. The future Kumo is bearish 2 Potential entries for this trade: First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round...
WELCOME TO DACAPITAL TRADING!! FREE VIP SWING SETUP 1 HOUR H1 Pullback towards 112.970 Pin and Support Level. 4 HOUR Small Pullback and bearish reaction from 113.700! DAILY Very bullish market with several Highs formed, following this move. LEVELS BUY CHFJPY @ 112.260 SL @ 112.970 (30 Pips) TP @ 113.640 (40 Pips) RR: 1.30 Be patient about our Swing...
Sell USD/CHF 1.00459 Take Profit 1 at 0.99712 Take Profit 2 at 0.99226 Take Profit 3 at 0.98415 Stop Loss at 1.01014
XAUUSD is approaching its support at 1220 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1226 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9965 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also...
AUDUSD reversed off its resistance at 0.7295 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7201(38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
EURUSD is approaching its support at 1.1358 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1406 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
I love it simple Exited my trade earlier when a continuation pattern about to form Didn't go long here, I just wanted to share a trade setup idea, will come back to it next week Happy weekend guys...
The Dow Jones continues to print higher highs for now, as Wave C progresses within A-B-C corrective rally, as discussed earlier. Please note that wave C would be equal to wave A around 26500 levels and also the fibonacci 0.786 resistance is seen through 26350 levels, indicating a pretty close convergence. We are now changing our stand fro neutral/bullish to...
Gold prices corrected lower since yesterday but support came in close to $1221/22 levels as seen on the 4H chart presented here. Please note that price action keeps the structure intact, and the yellow metal remains well poised to push higher towards $1250/52 levels at least, if not any further. The 4H wave structure remains intact and unchanged as discussed...
The US Dollar Index continues its bearish outlook for now, as presented on the 4H chart here. Looking again into the wave structure, it remains intact with probabilities of a flat A-B-C formation. Wave B most probably terminated at 97.20 levels last week and Wave C cold be underway now, towards 94.70 and 93.80 levels, going forward. Please note that prices should...