EURUSD large candle pushed price into a new area. Going long, although there may be a sizable pull back before heading lower.
*) Red Line : Monthly Key Level Yellow Line : Weekly Key Level Green Line : Daily Key Level There are two potential plan 1) Price will touch Weekly Key Level before go to orange box (0.97000) area as short target 2) Price will make price action structure to short at this current level - Monthly and Daily key Level Both plans are for short...
AUDCAD has trebled its longing for a bottom and has finally made it into bearish territory. However, we await closure below small triangular zone shown for confrimation of further downward bias toward 0.912-ish area. See video analyses for details
AUDCAD for the better part entered into a downward stretch last week largely from disappointment from RBA rate cut signals. However this pair traded with heavy volume into support zone last week and it is our view that consolidation for buy orders should resume. However, this needs to be confirmed above current support zone shown and target will be as per blue...
Price rejected the downtrend line on April 24th to continue its bearish movement. If you haven't caught this setup, no need to worry as there is always the opportunity to re-enter & catch those pips! RSI is currently indicating oversold on the 4HR timeframe which should cause a pullback to a recent swap level (support turn to resistance) around 1.6780 by next week...
Hey Traders, We've approached the key support and resistance level and started to slow down on that level on daily chart. Market also made a doji candle which shows the sign of reversal from this level If we look at 4h, we'll get decent image of how momentum from sellers is dying and how buyers are coming in hot. Waiting to see final retest from sellers...
THE END OF THE BEARISH RUN ENTRY : MARKET PRRICE SL : AS PER TRADER RISK MANAGEMENT TARGET : 1.50830
Hey Traders, Here is a video for you on gbpusd higher time frame analysis for long.
Hey traders, As we all know that we are consolidating on eurusd pair for a very long time. You can see it in below image (shaded area) But we can clearly see that in that consolidation area the sellers weren't strong as they are right now. Last push from sellers are so strong that it is full of bearish candles. What I am expecting that either this strong...
Wave one was formed, then wave 2 retraced between 50-75% which gives a buy opportunity. The bottom red line is the stop loss which I placed right at 78% retracement and my take profit at the top red line at 161% of wave 1.i did my analasys on weekly, but would recommend going to lower timeframes to get perfect entry point.
Current risk off envirnoment spured sell off on that pair. Last week close below 112 added to bearish view ( notice: TL break, retest, rejection ) Attempt to rally above 112,50/80 might be the selling opportunity. 110,00/20 as first possible target, around 108 next and 105/104. Weekly close above rising TL will put the idea on hold and weekly close above 116...
GBPJPY appears to have traced out the final 5th impulse wave identifying wave (i) of (3) as shown. This implies that current move should see further downside till about 145 zone which is strong support. A rally from there would not be surprising as the bigger structure being studied suggests a further appearance of strong impulsive wave (3) of III. High Volume...
NZDUSD currency pair appears to be keeping to the plan. With 0.69708 resistance taken out sights are now placed to the upside for possible swing trade to 0.71923 first. Further close above there will open up further upside potential to 0.74478 cluster resistance zone. On the downside, a daily close below 0.69531 should invalidate any bullish view on this pair for...
EURUSD a-b-c correction nearing completion. Anticipated bullish orders to enter market after potentially short downward move as shown. Down move would be highly overstated with gap-down on open and thus invite volatile bullishness into market. www.trading-equity.com
EURCHF implied direction going into next week.
AUDCHF proposed direction following close below trendline. www.trading-equity.com
AUDCHF proposed direction following close below trendline. www.trading-equity.com
GBPUSD modified potential levels to watch www.trading-equity.com