Price is approaching another level of daily supply as well as weekly resistance. Lets see how price react at this level. As for the current status, there is still a strong bullish momentum. PO sell limit @ 113.9 This is just our thought based on technical analysis. Happy Trading.
Please refer to chart of details. P/s: This is not a trading signal. It is just our perspective of the market movement. Thank you for viewing. Have a pleasant day
refer to chart for details. This is a hour chart
Going long on GOLD. Refer to chart. 1) Bullish Harmonic pattern - potential TP at 50% - 62% (= supply zone) 2) Cup and Handle - break and retest of the neckline suggest the price could go further up 3) Bullish Flag from the cup and handle - TP near 2nd Supply zone - 50% 4) Price action showing higher highs and lower highs Currently waiting for opportunities to...
Possible short entry on GBPUSD after the retest of support turning to resistance. This is also in line with:- 1) possible swap zone area demand turned to supply zone 2) fib retracement level - 50% - 62% 3) high chances that price might go back to retest the resistance level since RSI is showing bullish divergent Look at the chart for further details. PS: This...
Hey all, Our thoughts on EURJPY. Our first Take Profit is around $140 zone. What are your thoughts? Much Love, Movingwfx
Hey traders... here is our analysis on EURUSD. Let us know your thoughts. Much Love, Movingwfx
Hi all, Our analysis on GBPJPY hasn't changed much since last week. The trend bias is still bullish. If we go to the weekly chart, last week the candle closed as a bullish inside bar. Where the mother bar is a bullish engulfing bar from the previous 2 weeks. Hence, our bias is still bullish - other than price is still above EMA 200. As of now, price seems to...
Good day Traders , It been a while since the last time we traded Gold. But few days ago, price managed to break and closed below the major support (with high volume). This could suggest that price might move further south to the next level of support on weekly. Reasons:- - EMAs 8 and 21 has already crossed on the daily TF - there's a descending triangle =...
Hi all, Here is our thoughts on GBPJPY: - Long Reasoning: Daily Overall biased is still bullish - Price is above EMAs 50 & 200 Rejection at key zone @ 193 = 0.236 retracement on Fib EMAs 8 and 21 crossover on daily and price pull back to EMAs 8 and 21 zone (entry for long) RSI (14) 58 and CCI (20) 74 = Buyers territory Bullish reversal candle on 4hour ...
Overall trend is still uptrend Daily chart The current price is above EMA 50 & EMA 200 Possible counter-trend However, price seems weakened and finding its resistance at 194 area == pitchfork's midpoint 4H chart possible formation of Elliot wave 5 to be completed, suggesting to go south in coincide with MACD MA crossover Selling trigger method: A...
Overall trend biased is still bearish. Reasoning: Price is below ema200 on daily MAs crossovers on daily as well ab=cd. bc retracement is 50% of AB (refer hourly). Price broke below 0.66000 level Last week, Price was hovering above 0.66000 support line. However, as of yesterday (with the help of fundamental news) - Price managed to break below 0.66000...
Possible short counter trend upon completion of wave 5 of Elliot wave. Will only enter short - once trigger method has meant all criteria.
Double bottom on the hourly chart. A break on the neckline suggest to go long to 0.76000 (previous support - hopefully turned into strong resistance).