Hy dear Members hope you all are enjoying our ideas and Analysis. Now we are here to discuss about EURUSD. EURUSD is at a strong resistance level. From this level we can see a big drop.
When Market will Open we will update further With Proper Chart TP and SL.
we had a inverse head and shoulders pattern ( reversal pattern). This created a double top, and now we have a bull flag forming ( continuation pattern ). Looking for a further push higher to previous high
It looks like Oil has now bottomed. I am expecting a strong move higher starting within the next couple of days.
I have my first target above but it expected that we will easily run that target.
Long bias on CL, let's go!
Sometimes a single candle can make a difference. How? It could trigger a trend change.
This is not a prediction. It is vigilance for a trend change. Single candles on any time frame often fail.
Position is everything (well not exactly). Some say it's luck. I say it is a chance to see how wrong I am. Acceptance of being wrong for a controlled loss is the...
This pair has been making clear flags and has been abiding by the basic rules of trading patterns.
Wait for a flag on the lower timeframe and enter on the break of flag. See below for bigger timeframe analysis.
Goodluck and trade safe!
Head and Shoulders set up, waiting for a break lower was hoping for this last week in the smaller time frame H+S but may have to wait for a neckline break or a little push higher to make a right shoulder
Bitcoin remains to be bullish above 50k. In the last bitcoin analysis, we identified the ABC bullish parallel correction that we're currently in. Price bounced off beautifully off 618 and 50k region.
We should remain bullish until the major channel is broken. If it breaks, we should then think about how we can sell for the short term.
Goodluck and trade safe!
EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top.
The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time,
EURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.
Once the channel is broken, await a correction and retest before entering and holding.
See links below for more information about this idea and why we're...
CADJPY on the weekly has broken out of the major descending channel (See below) so right now we can anticipate a pullback back to retest the channel and the ascending trendline. Watch for break of the smaller ascending trendline a form of retest before entering.
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This week I am looking for CAD weakness and just so happens that CADCHF is in the perfect area to short. It's currently rejecting the channel resistance and the 786 fib.
Risk Entry: Short now and stops above the channel
Safe entry: Wait for break of the trendline and zone marked and await retest
Do make sure to leave a comment and a thumbs up if you agree! Trade safe.
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper...