I will be expecting a pullback from the key level 106.00 to retest the support level that was resistance last week.
At this level I will be keeping a close eye on price action in the 1&4hr to see if we get a long trade setup.
Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart...
On this chart we can see the previous bearish trend has been beaten by the bull, a pull back to the bullish trend line has been shown but an over sell by the RSI show's we may gain a lower trend false breakthrough due to momentum from the sellers with the support being tested further.
With Total Trade Balance results coming up a bull could be hiding in the sell...
Ice breaks and EURUSD finally started a bearish movement this week.
on Friday the price managed to break below a strong demand area and successfully closed below daily/4H structure.
short term bias is now bearish and next week I will anticipate a bearish continuation to lower structure levels.
talking about a 1H...
Currently watching price pull back from Asian/London cross movement. Expecting bullish trend to continue and ease of U.K. lockdown may be announced Monday.
Trade plan for the day is to capture two 30 point movements.
1st will be if price reverses from 50SMA with buy signals. 2nd after another pullback from that move.
Timescale would be the 1st during London’s...
USDCHF conforming to some nice ranged support and resistances - expecting a test of resistance above over the coming week with a potential re-test. Longer term we are looking for a change in sentiment to the downside with an overbought TDI market baseline with TP1 and TP2 the lower supports
SPY ETF (S&P500) has reached its 200 EMA at $294 (purple line). This is a significant level, as it may serve as resistance. If we break through $300, then the market may continue going up to $340. 50 day EMA (red) is close to crossing 100 day EMA (green) from below, pointing toward higher prices. MACD chart is near the top, but is still pointing upward. Based on...
GBPAUD broke a major rising trendline on a daily time frame!
now we can expect further bearish continuation to the next structure levels:
support 1 - 1.92 (based on a match between historical levels and 382 retracement of a major leg)
support 2 - 1.88 (based on a match between historical levels and 618 retracement of a...
Looking for extended EUR sell off this week continuing where we left off from last week. TDI cross suggesting a short with a neutral market baseline. MA cross suggests further downside in the shorter term and the trend lines agree.
t.me for free telegram signals
What a roller coaster rallies on EURUSD .
Last week 800 pip drop ,
this week 500 pip pullback! Damn!!!
the market closed very very close to a resistance line of a major falling channel on Friday.
with a perfect match with a horizontal daily structure, we consider 1.15 - 1.24 to be a key decision area.
so many speculations about the future direction of sterling:
someone says that it is undervalued and it will soon recover,
someone says that corona will destroy British currency against usd.
to avoid this ambiguity I suggest you watch the reaction of the pair to 1.2 level.
it is truly a key level - brexit...
the third test of a 2016's low on GBPUSD .
it is a crucial moment for the pair and the future direction of the pound closely depends on its reaction.
I admit both scenarios and will be patiently watching market behavior within the underlined area.
taking into consideration current events, everything can happen so be...
major falling channel on a daily is on focus.
after a confirmed bullish breakout of its resistance last week,
the market has returned within the boundaries of the channel on Friday.
it makes me think that eurusd returns to its long term bearish trend and
during the next few weeks, we can anticipate bearish continuation...
gold has respected a major rising trendline one more time.
after a strong bearish rally yesterday we see clear unwillingness of sellers to push lower.
what is peculiar about this trendline is the fact that, though, the market attempted to break it
and even traded below that for a while during the US session, bears...
wave analysis is quite an efficient approach for analyzing the trending market on a higher timeframe.
it helps to find a pivot point with a high degree of accuracy.
what we do, we derive the information from the past market behavior analyzing the previous legs of a move.
based on that data we assume the market will stick...
gold stuck in a horizontal indecision range.
there are two solid reasons to buy from current prices:
but sellers also have valid points:
for us, the best option right now is to wait for a breakout to protect ourselves from this uncertainty!
what a rejection on the support of the channel this Friday on Aussie!
the market one more time confirmed the significance of the channel's boundaries.
after each test of support in the past, the market showed a 90 pip retracement before starting a new bearish wave.
it is highly likely that this time will be the same and...