Hi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at...
EURAUD is testing a confluence zone based on a horizontal intraday support and a rising trend line. As a confirmation, the price formed a double bottom formation and violated its neckline. We can expect a bullish movement now. Goals: 1.6527 / 1.656 ❤️Please, support my work with like, thank you!❤️
EURCAD is testing a solid daily horizontal support. Approaching that, the price formed an inverted head and shoulders pattern. Its neckline was broken during the NY session on Friday. It indicates a highly probable bullish movement from the underlined green area. Goals: 1.467 / 1.4715 ❤️Please, support my work with like, thank you!❤️
Hi Traders! There is a bear flag pattern on the EURUSD 4H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel. The 20 EMA has been broken, and we are getting bearish momentum candles forming, and we are awaiting a possible test of the flag's channel to the downside. Preferred...
Hi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred...
USDCAD on daily has shown that within the channel trade it will begin to reverse and has confirmed a rejection point. We should see a further sell off from here on out. Below is the trade analysis please be advised that we urge proper risk management for the safety of your margin accounts. Thank you. USDCAD Sell/Short ENTRY: 1.34809 TAKE PROFIT: TP 1:...
EURUSD looks like a short fall from here after breaking trend on the channel trade in these last few days. It does seem to be in a continuous downtrend pattern and does not seem like it will be stopping anytime soon. I suggest a short from 1.08679 all the way down to 1.05703 for a long term profit close. Please take proper risk management upon entering the trade.
EURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these...
Hi Traders! USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues. Here are the details: The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a...
GBPCAD Sell Trade Idea The major resistance point of 1.71000 has already been tested by the market, and we will now see clear changes in case we find some price rejections over their major point of 1.7100-1.7123. Trade Setup Idea: GBPCAD Selling Zone: 1.7100-1.7123 Stop Loss: 1.71311 Take Profit1: 1.7068 Take Profit2: 1.7050 Take Profit3: 1.7020 Take Profit4:...
NZDCAD is trading within a wide horizontal range. After a test of its resistance, the price formed a head and shoulders pattern. I believe that consolidation will continue and the price will most likely drop to the support of the range. ❤️Please, support my work with like, thank you!❤️
Hi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the...
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily. This week, the price managed to violate its support. It is a very important sign of strength of the bears. The market will most likely keep falling now. Next support - 0.5635 ❤️Please, support my work with like, thank you!❤️
EURUSD looks like it has a bullish reversal pattern happening in the H4 trend. RSI seems to confirm this as well placing itself above the moving average. This will be considered a day trade/swing trade EURUSD Buy/Long ENTRY: 1.09702 TAKE PROFIT: TP 1: 1.11935 SL: 1.09069 Please use proper risk management upon entering this trade.
GBPJPY is trading within a wide horizontal range on a daily. The price is currently testing its resistance. On an hourly time frame, we can see how the pair was weakening after it started to approach the underlined blue area. After a strong bullish impulse, the price formed a rising channel. Test of structure triggered a strong bearish reaction and the price...
I am buying gbpusd, dear traders. I see a nice convergence of an intraday demand and supper trend indicator. I will expect a bullish movement to 1.268. Your safe stop loss will lie below 1.26 Happy New Year!
EUR/USD Eyes 1.1200: Technical Momentum Fueled by Dovish Fed Expectations In a striking ascent, the EUR/USD pair is surging towards the major resistance at the 1.1150 level, signaling a bullish momentum that aims to breach the psychological threshold of 1.1200. The Euro (EUR) maintains its winning streak, gaining ground against the subdued US Dollar (USD). This...
AUDJPY has faked out on the daily and took a downward trend instead. I have observed AJ for the last few days and can firmly say I confirm a downtrend for the next few weeks following into the new years. Below I have the signals inputs so please use proper risk management when entering. Thank you. AUDJPY Short/Sell ENTRY: 96.431 TAKE PROFITS: TP 1: 93.832 TP...