Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Update on my FTMO challenge and reaching profit target of 50.000
clear head shoulder pattern so be confident when you go long for long
This is not financial advice FTM have everything to PUMP hard, just check
Hello Traders, we noticed a very clear Head and Shoulder of inversion on the EURGBP. Trading volumes slightly decreasing also confirm the bullish exhaustion and the bearish scenario becoming more likely. The 0.886 level, which is the neckline of the H&S is now being broken. We would wait a more wide movement to the downside to reduce at minimum the risk of...
Hello Traders, we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65. An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top. A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This...
Hello Traders and welcome to the first idea of 2021. As usual, the first days and weeks of the year are poor of big movements. However, we noticed this nice signal from XAU. The trend is bearish and the price fell below the 200 Moving Average daily once again (1841). We also are below the lowest retracement level of the last leg up (1838), which seems just as a...
scenario 1: waiting for price to pull back creating a double bottom, then continuing bullish trend. scenario 2: price breaks above zone and continues trend Thoughts...Feedback?
USING TRADINGVIEW AND YOUTUBE AS AN ACCOUNTABILITY TOOL FOR MY TRADING IMPROVMENT THIS YEAR.
GBPJPY has been range bound between the levels 139.950 and 137.310. A recent breakout though short lived, but a retest at 139.388 shows the bulls were more likely to push pass and sustain the bullish trend. A naked analysis would favour a long entry with a profit target of 100 pips and stop loss of 30pips from 139.735.
Hello Traders, USDJPY seems to continue its downtrend. At the moment the price is below the psychological level of 104 and, most importantly, below the POC (point of control) which shows where the "battle" between buyers and sellers has been played with respect to the last movement. Battle that was A very important signal is also given by the fact that none of...
Interestingly, Oil is ranging in the channel 34$-43$ that corresponds to the downside gap in the price experienced in March. Since when those levels were reached back, the price is moving inside the range. We believe that until no relevant news or until the situation will stay at this uncertainty stage globally about the pandemic, there is no way we are seeing the...
Hello Traders, CHFEUR is showing a similar pattern. The wedge is much more extended in this case, and the pair has to make a move to break it in one way or another. The violent bearish reaction the pair experienced after touching the dynamic resistance tells us that the priority is downward. However, the trendline has not been broken. An aggressive entry can be as...
Hello Traders, one of the few currency pairs not ranging within a channel at the moment is EURCZK. We are currently below a dynamic trendline holding since February, in a steep bearish movement for EUR since the upper resistance was hit at the end of October. The retest already took place, and we think the two targets for the following days/weeks are 26.00 (a...
Hello traders, gold is experiencing the same situation as the SPX index in the related idea in the link below. As we can see, the correlation between Gold and US Equities has been high during the last month, showing a coefficient above 60%. This relation is even higher on a weekly timeframe, where the coefficient. Despite the graphical patterns being different,...
Dear traders, the SPX recently broke the ascending trendline and, after retesting it, fell below the 100 moving average that acted as a support twice after the March fall, exactly on the top of the Fibonacci retracement area (yellow box). This is not a random level, as the market precisely set itself on a crucial level waiting for the next week results, before...
As we are observing now, EURO is pushing upwards heavily, and this is in part due to the current situation that they are collectively facing. But all that being said, i havent checked any news but if the central bank issues funds to the European countries, we should expect a rise in price since the economy would be stimulated from that. From a technical...