Price action analysis on short-term & fibonacci
Good evening everyone, I hope you've all been doing well. As per the usual, I am going to keep this short and sweet. I strongly believe that we are headed up in aud/cad to atleast the 0.94810. Elliottwave analysis: If you saw my last post, which I highly recommend, you probably caught the wave a of the wave 5 and have come out with a great profit. This means...
Hello there, Price is making ascending channel in Weekly TF. And right now price is making Continuation Pattern inside the uptrend. Here we have 2 possible entries: 1. Entry at the ascending channel line, which is also a possible swapzone in H4 2. If price breaks the swapzone, we can entry at the demand zone below the swapzone. This entry is just possible if...
Hello there, Here's the update of GBPUSD, at previous analysis, we got a great opportunity to short the currency, basically the retracement of the currency. Right now, we're going to follow the real trend of the currency (for now). Although at Weekly Chart now prices are forming Rising Wedge (Continuation Pattern). One more thing that supports this analysis is...
Top-Down Technical Analysis: (Similar to GBP/JPY) The monthly time frame shows a strong bullish signal as it is sitting on a very strong newly created support Weekly also is bullish biased rather than bearish as this week's candle broke the high of last week's doji (indecision) candle high and never broke the low Coming to the daily time frame we can...
Hello there, Price is forming Symmetrical Triangle in Weekly Timeframe. There's a opportunity to go Long for pair. Since the price was just bounce off the demand zone + lower Triangle line, we need to wait for another confirmation to entry, there's a possibility for price to either Reverse or Continue in the H4 Swapzone. So it's better to entry AFTER the price...
I did a multiple time frame analysis, walking through my thought process before I take trades and how I search for entries. I discuss potential Swing entries and Scalp trades that I would be interested in. If you have any questions, please feel free to contact me on IG at @sharmafx!!
NZDUSD is going to down trend just beacause market break the level and complete for retest so it can be happen market is going down