Quick update on GU. Let's have a look on Daily timeframe. We have a clear Doji candle close on Friday with bearish body, which tells me that this area is controlled by bears. Anyway we have 2 wicks rejections from that area which I previously mentioned to everybody here. So what will be next? According to the nature of the market - we always have 2 phases -...
The Pound didn't get our main target of resistance, so i didn't short it. But instead of this we got a huge impulse to the downside and hit our first support level at 1.3290 Once we break the support level and retest the resistance - will look for short to the 1.3100 as I mentioned earlier
Inverse cup & handle formed, wait for retest of neckline looking at a nice long drop down after that.
Quick update on GU. I still have an alert here at 1.3451 and didn't hit my target yet. If we will not reach my main resistance zone and the price will brake our main support region 1.3290 then the price will meet new support area at 1.3100. So for now just stay patient and wait for the signal.
So let' start... The EURO already reached a point of 1.2000 . This was our main point. My previous post was about a reversal after psychological level of 1.2000 and correction to 1.1890, but the minimum of correction was 1.1923 (33 pips left) What do we have now? The price was broke the level of 1.2000 potentially start to form a new impulse to the upside! To be...
Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait...
Just little update - the target was hit. My last update was about last impulse to the upside! Enjoy to everyone!
Let's have a look on USDCHF. I mentioned before that we are looking for some trend change after getting inverse H&S pattern and we go back to 1.9200. here you have According to our chart on 4H timeframe - we can notice that new impulse after false breakout was already formed. We just retested our main intraday resistance level at 0.9090. Potentially for me it is...
Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main...
Hey traders, let's have a look on this currency pair. I mentioned on the weekends that it is gonna be perfect example of how the pullback can be created)) After getting double/triple formation we start to form new impulse to the upside, which was entry impulse for us! The MA50 was successfully broken so it is a straight signal for me the trend is gonna change.....
Yes... That was a reversal level. Was a little busy to catch up that moment but later on I noticed that we got false breakout here, and start to think that we can go lower just to hit my another level of support. A nice push to the upside was already formed so waiting for a pullback to open LONG position, Hope we can go to 1.9200 on this one, let we know what do...
Let's have a look on my previous post on EU. I was aimed here on 1.2000. When we were at 1.1960 I was telling for some pullback and then we are going for long. And when/if we hit 1.2000 - then the reversal will appear. So now my main focus will be for 1.1890 - area of support which you can clearly see on the screenshot!
Hello traders! Let's have a look on GU. As usual, I started my analysis on 4H timeframe. What did I noticed here? We got clear uptrend to the upside which means we are looking ONLY orders for BUY. Resistance on 1.3280 - 1.3300 was successfully broken and retested 3-4 times! I also see that we got 2 wicks rejections from our level which means that this level is in...
There is not a lot of words, just a small update on EA. From the last week I put an alert just to start short from the top of the range. But today I found a good entry point from the bottom of the structure! Let's take advantage from it!
Hey traders! hope you are doing well! Let's have a look on EU. Clear trend to the upside, so only buy positions are taking the place. According to the nature of the market - we know the market moves like impulse - correction - impulse. The impulse was already formed, so after pullback we are going for long. On my screenshot you can clearly see where the price can...
Hey traders! Hope you are well! As you can see we already got our support region and create H&S pattern. Me personally waiting for a reversal. Other scenario is that we get double bottom on 4H timeframe, in this case will be even better for us to get bigger RRR. Let's see how the market will open!
Quick update about USDCHF. Early on I was telling you about my focus on 1.9200, which you can clearly see on the chart right now. On 4H timeframe we broke our support region and start to retest that level. I am not looking for short for now, but bigger picture is telling me that the trend to the upside is very likely! So when/if we get the Inverse H&S pattern I...
Hey to everyone guys! Middle of week, still have only one open position on USDCHF. But let's have a look on EA. Clear trend to the downside on 4H timeframe, also we got some range between 1.6300 - 1.6150. We start to move correctively to the upside inside of our range which is OK. I would like to see the small impulse to the upside just to get better SHORT entry...