EUR/USD regains the smile following recent strong pullback. The YTD low at 1.1272 emerges as the next support. EUR/USD regains some buying interest after bottoming out in the proximity of 1.1310 on Tuesday. The bias appears tilted to further retracement in the very near term. That said, a deeper decline remains on the cards if spot breaks below the weekly low at...
we are in great area . now we should wait for correction to trend line and get sell position
GBPUSD prepares to experience a decline, pay attention to the leftmost resistance point and see entry confirmation from the smallest timeframe
there is still potential for an increase, look for opportunities to buy during the retrace
suggest to sell limit suggest to sell limit suggest to sell limit suggest to sell limit suggest to sell limit suggest to sell limit suggest to sell limit
If the Trend line is broken and price closes above it, then, expect EUR/USD to rise. It may actually be a break-out for EUR/USD since USD data from US is not really supporting immediate interest rate rise. Good luck FB@ForexGoldandOil
EUR/GBP is coming up to some support level on the daily chart. Though, data from EU is not necessarily strong but issues and uncertainties with UK's economy too is not helping the GBP. We will be looking at entry around 8340 if support holds on 4-hr chart. and SL will 8310. Good luck FB @ForexGoldandOil
We have a very strong level , which consists of the collision of two important trend lines ... . if cant break this level and we find bullish signal we can give long position
Gold continues to trade lower after hawkish FOMC meeting minutes. The Fed meeting minutes signaled for an earlier rate hike as expected. The 10-year yield hits 1-1/2 month at 1.71%, the highest level since October of last year. The spread of the omicron virus in the US is preventing the yellow metal from further sell-off. It hits a low of $1798 and is currently...
We are waiting for a confluence of two factors where the S/R zone breaks around the location of the current trend line. Our limit order is set at 0.62499 This whole idea is supported by the M pattern, where there is a price return to the Neck line. M pattenr is seen in a higher time frame (W1), which gives us an even greater probability of success. Happy...
ETH/USD: trade update So as we can see the price did break the possible rising wedge that we had on the chart. What we also can see now is that the price did do a retest of that wedge and went down after that. It did another retest of the wedge but still was not able to break the wedge. We can now see that the price still is moving down. I think that we are going...
Technical: The near–term major support is around $1817, violation below targets $1805/$1800/$1790. $1675.Significant trend reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877$1912 is possible. It is good to buy on dips around $1800 with SL around $1780 for TP of $1860.
EURGBP chart in berish trend and the price close to the floor ... we have 2 scenario : . 1- the price right here go up ( open trade after break zone and correct that ) . 2- the price make new low and hit more SL and go up
Study can be seen on chart. GBPNZD will reverse till OB below and will bounce from there. We need to see how it reacts to these levels to take a trade. Currently a sell can se seen.
Structure shift on the H4 time frame liquidity taken out by forming equal lows on M15 Imbalance taken out entry based on BOS 5+RRR you can target higher
After price pushes back into support and slowing down on the lower time fames its looking to good not to take a trade, so I'm looking at price pushing back towards that 150.800 area atlest and possibly higher.
xauusd is already at the downtrend line, it should be seen again whether there will be a strengthening towards the top, this has the potential to increase due to the nearest supply point
if it correct we will see rising wedge pattern, you can put sell at last fibo to buy before break out or wait for confirmation candle. DYOR