EUR/USD has displayed bullish characteristics over the last couple of weeks. - We have reach a high in the market @ 1.095. - This high was made after a bullish A,B,C,D pattern aka (Trend). - In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085. - We currently have made a bullish pin bar...
We might play out this as a Gartley222. Not entering at the 78% retracement level, but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move. Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge...
1. Here is the bullish Pin Bar formation at the pullback and touches support level and continue the trend. 2. If the price touches the 50% of the previous Pin Bar then we can enter the long position at that point somewhere it touches.
Hey All, I wanted to get your feedback on this analysis. I am solely basing my opinion based on the RSI indicator, MACD and candlesticks on the daily chart. Although earnings help NASDAQ:NFLX to go up slightly. It had to restest a strong resistance at 562.46. Once it reached the resistance the bears took control which resulted in a pretty strong bearish...
There is a 4 Hour Bullish Pinbar with MACD Bullish Divergence at the PCZ of a Bullish Bat at the macro low.
XAUUSD (H4) Weak RSI divergence appears combined with a bearish Pinbar candlestick reversal. We can execute a Sell order at the current price (2040) With trading plan: Stop loss at 2048 TP 1 at 2030 TP 2 at 2020 : Fibonacci Retracement (0.382) TP3 at 2001 : Fibonacci Retracement (0.618) TP4 at 1990 : Fibonacci Retracement (0.786) Weak divergence of RSI Note:...
FOREXCOM:EURCAD is forming a standard bearish setup on the background of the forming downtrend, as the Canadian is getting stronger than the Euro and thus changing the market direction. On D1 we can see that in general the currency pair is in a global range and it is impossible to identify any key trend, so it is acceptable to trade both buying and selling...
OANDA:XAUUSD , following my expectation, on the background of Friday's NFP falls and reaches the target. The price is testing the level of 2000, but in my opinion, this target will not end this week. From December 11 to December 15 we are expecting a rather active week, fundamentally. On Friday we got a rather strong NPF for the dollar, which made gold fall...
FX:EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to. We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting...
As We Talked in The Previous Analysis: On Tuesday 7 November, The USOIL Price Broke The Support Level (79.72 - 77.64). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to important Resistance Line, And Formed a Bearish Pin Bar 📉 ----------- TARGET: 75.60🎯
OANDA:XAUUSD is in correction phase and is testing the area of 1950, there is a possibility that the price could go even lower, but I am questioning the behavior of TVC:DXY , which is manipulating the market very actively. Gold is reacting to the behavior of the $ which is testing a previously broken level. Yesterday everyone was waiting for Powell's...
USDJPY Weekly Short Trade: Bearish Bat completed US 10 yr Yiled Reversed NFP data is bad Bearish Pin bar Formed Therefore, Short USDJPY TP1: 142.10 TP2: 136.40 TP3: 129.76 TP4: 116 (Long Term Target) Cheers
OANDA:XAUUSD is strengthening on the back of a weakening dollar, which is not updating highs but forming a bounce off resistance, which is affecting gold. The market lacks resolve and so does Powell. The rate remains unchanged, the dollar is in consolidation and waiting for NFP ADP Nonfarm E.C. and ISM Manufacturiong PMI come out with worse than expected data,...
GBPJPY is forming a sideways range on the background of weak pound and radical decisions of Japanese authorities related to interventions, But as we remember, these methods affect the market short-term. Prerequisites for the fall: 1) False breakdown in a reversal pattern format 2) Impact of interventions on Yen appreciation. 3) Price in a range. False breakout...
DXCM had been essentially a range bound stock in the past 3 years, forming what is potentially a long term head & shoulders formation (bearish if break down). However, it looks like the odds of breaking down has diminished with a bullish monthly pin bar now forming after finding support at its 88.6% fib retracement (imperfect double bottom). The stock is still...
BINANCE:BTCUSD is overcoming the key milestones of 30k and 31k, most likely the reason is based on fundamental leverage. At the moment the price is testing the 34000 area and this is an important enough level, which can open a very steep perspective On the older timeframe I have indicated the key levels that can influence the medium and long term price...
Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand. I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time...
OANDA:XAUUSD continues to strengthen despite the resistance levels that are encountered along the way, which tells us that there is a strong bullish interest as gold is a protective asset in times of crises. But there is always a but! We have to face quite a lot of fundamental news in the coming week. Worth paying attention to: - S&P Global Services PMI ...