USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 146.560 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.30 which is a level that sits under an overlap support that aligns with the 50.0% Fibonacci retracement level. Take profit is at...
USD/CAD is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.36661 which is a swing-low support. Stop loss is at 1.36150 which is a level that sits under another swing-low support. Take profit is at 1.37600 which is a pullback resistance that aligns under the 61.8% Fibonacci retracement level. ...
– Previous Daily candle closed weak Bearish around 1977.800 as price respects the Daily Resistance formed on Friday last week. – Buys on close above 1983.600 targeting Monthly Resistance formed in May 2023 around 1989.700, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. – Sells on close below 1973.700 targeting 4h Support formed...
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0920 - 1.0650 area Resistance 2: 1.1015 - 1.0946 area Support 1: 1.0736 - 1.0775 area Support 2: 1.0658 - 1.0684 area Support 3: 1.0495 - 1.0536 area Support 4: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 151.794 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 152.570 which is a level that sits above the 78.6% Fibonacci projection and the 127.2% Fibonacci extension...
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– Previous Weekly candle closed strong Bullish at 1980.700 forming strong Weekly Support around 1938.400, Friday Daily candle closed weak Bearish forming weak Daily Resistance around 1981.400. – Buys on close above 1984.800 targeting 30min Resistance formed around 1990.200, Leaving Runners to the 1h Resistance formed on 3rd November 2023 around 1995.200. – Sells...
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline. I'm expecting NZD weakness in the coming week so monitoring LTF's carefully. I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
Looks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to...
The DXY had a bad week last week and I believe this could be the start of a more sustained downward trajectory. Conversely Swissie has been on retracement for several weeks against most crosses, but we are seeing a broad recovery. My view is we're continuing to the downside, so I'm getting in short with a LTF confirmation next week.
My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place....
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0658 - 1.0684 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
USDJPY started to fall rapidly. Here are the important key levels to watch. Vertical Structures Vertical Resistance 1: Broken rising trend line Horizontal Structures: Support 1: 148.75 - 149.21 area Support 2: 148.15 - 148.50 area Support 3: 147.41 - 147.56 area Resistance 1: 150.05 - 150.38 area Resistance 2: 151.71 - 151.94 area Consider these...
USDCHF violated a key horizontal support. After a breakout, the price started to consolidate within a narrow horizontal range on a 4H time frame. Its support breakout - 4h candle close below 0.8852 will give you a strong confirmation to short. A bearish continuation will be anticipated at least to 0.881 level then. ❤️Please, support my work with like,...
Here is the update for our yesterday's setup on AUDUSD that we discussed on a live stream. The pair perfectly respected the underlined red resistance and formed a head and shoulders pattern on that on an hourly time frame. We may anticipate a further bearish continuation now. Goals: 0.645 / 0.643 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed Strong Bullish around 1981.600 forming Daily Support around 1959.600. – Buys on close above 1987.900 targeting Daily Resistance formed around 1992.800, Leaving Runners to the 4h Resistance formed around 2000.300 retesting Strong Key Level. – Sells on close below 1979.000 targeting 1h previous Resistance formed around 1973.700,...
After the release of US fundamentals, NZDUSD bounced rapidly. The pair formed a high momentum bullish candle and violated an important intraday resistance area. We may anticipate growth now. Goal - 0.603 ❤️Please, support my work with like, thank you!❤️