Some nice movement today after US PMI but still looking to push above resistance to make gains. If we can't push higher then the only way is down...
Waiting for the break of the trend line to buy or sells the other way - still neutral.
No news tomorrow so eyes on Trump and China.
EURUSD is approaching a key support area.
Following a major trend, bets are high that we will see a bearish continuation to the current market low
only bearish breakout of the emphasized area will confirm current market sentiment.
today we have a lot of economic data to watch,
the best strategy that we can stick with...
usdcad is entering a decent zone of supply.
1.332 - 1.335 is the area where I will be looking for a reversal formation to short the market.
preferably, stop should be above the underline zone.
target levels will be:
usdcad is currently testing major support area.
if bulls manage to break below the underlined zone,
with very high probability we will see a bearish continuation to lower structure levels.
1.32-1.321 is the area on your focus:
watch how the market reacts to it and sell the market in case of a bearish breakout.
I was asked a lot about USDCHF .
Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.
for now, it is...
NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
stop will be...
this is the update for the recent idea on USDCAD.
so the pair is on its way to the identified zone of supply.
the price is coiling within the rising wedge formation and I will be looking for a bearish
breakout of the wedge to short the pair.
targets will be 1.321/1.314
stop will be strictly above the...
In my view, AUDNZD will be bearish the following days.
The market has recently reached a major trendline and we see a clear rejection + dodji formations.
+ note RSI divergence
I think that the pair will drop at least to 1.07 & 1.06 stucture levels.
good morning, traders!
checking daily timeframe on USDJPY this morning
I believe that the pair has the potential to proceed higher.
In my view, bullish tendency will remain at least until 110.0 level - next level of resistance.
Follow the market within the rising wedge pattern and wait for a breakout,
it will help to...
double top formation on eurusd on a daily and confirmed bearish violation of a rising channel .
For now, after a strong selloff, the pair is consolidating on a strong horizontal support 1.107.
Wait and sell its bearish breakout.
Our target levels will be:
nzdusd is still coiling around a major resistance level 0.643.
it looks like bulls losing momentum and there is a chance to see a pullback from this level.
on 4H the market is currently forming a right shoulder of a potential head and shoulders pattern.
it is very interesting if the 0.643 level will be...
on USDCHF on a daily chart we see a completed head and shoulders pattern.
the market is currently testing a neckline.
If bears manage to break through the underlined support,
bets will be very high that selling pressure will proceed and
0.978 and 0.97 level will be reached.
NZDUSD is currently approaching 0.643 major resistance level .
If daily candle breaks and closes above this level
with a very high probability, we can expect a bullish continuation to higher structure levels.
Next key levels of resistance are:
Monday's signal went well and we see a bullish continuation on eurusd .
it looks like the market participants still take the boundaries of a rising channel into consideration trading the pair.
for this reason, there is a high chance to see a higher high higher close above the current resistance 1.117.
Bulls keep pushing USDCHF .
The next resistance on focus is the area around 1.0 level.
Bulls will face with the recently broken major trendline
and bets are high that it will trigger a selling reaction.
Pay attention to price action within the rising parallel channel .
Let the market reach the identified supply area and...
EURGBP is currently consolidating within a horizontal parallel range.
Though I have seen a lot of trading ideas suggesting to buy EURGBP from current levels,
in my view, it is more reasonable to let the market go a bit lower and buy it from 2019's low.
*I am not suggesting to sell the breakout of a range,
Last week GBPUSD has retraced from 1.3 level
and currently, the pair is consolidating within a falling channel .
I believe that bears will continue pushing the market lower
and buying volumes will consolidate in 1.27-1.28 area.
Our trigger will be a bullish violation of a falling channel .
Target levels: 1.29/1.30
this is an update for my previous post on USDCAD .
Pair is currently entering the identified zone of demand
and we see a formation of a dodji candle in conjunction with oversold rsi .
for many sellers, it is a very important warning and I think that many of them
will close their selling positions.