Hey Trader, please see my current idea on GBPUSD where my count suggest the next move up in order to finish its first bullish cycle. This is no financial advice, just my technical view of the forex market. RT
GBPJPY H4 151.000 is a strong whole number for this trading pair, it's a key trading zone which has held on the last 2 counts as resistance. 100 pips from 151 short to 150, and another 100 pips from 150 down to 149. Solid trading ranges, with measurable targets and risk projections.
breakage of down trend with bouncing off demand zone with formation of head and shoulders pattern ...waiting for breakage of flag formation for continuation of uptrend for long trade
bouncing off supply zone and down trend line with formation of opening wedge ...searching for short trade after breakage the pattern and support zone up to next demand zone
forming opening wedge with bouncing off supply zone and waiting for breaking weekly trend line and the pattern for short trade up to next demand zone.
waiting for breakout of 4H triangle after formation of head and shoulders patter is on floor of daily ascending channle ...
CADJPY H4 Snapshot of next anticipated move for this trading pair, seeing some really nice corrective selling pressure from our marked zone, hopefully we correct down to at least 800 price with the same momentum.
GBPJPY H4 Possible second resistance test at that 151 whole number may set us up for some decent short opportunity. Lower lows are still flowing, nice correction 'give back' from the YEN yesterday. Eyes for moves to catalyse this setup further. This would then correlate and compliment the above CADJPY setup further.
Hi, as you can clearly see on the chart, USDCAD is getting weaker and weaker and this is proven on the awesome oscillator show bellow, we can see higher highs on the chart while lower lows on the awesome oscillator. this is called Divergence and it indicated a reverse! We can also see the retest of the price to test out the resistance and this even proves more...
BTCUSD H4 Small break and retest seen yesterday which we followed, before then popping higher short term. Wasn't sustained and we ended up falling short again. The lower high and lower low sequence still remains and I feel we are still in a short structure, not a huge amount of Crypto volume for the start of the week though.
USDWTI H1 Another possible sell-off wave incoming, a break downside is certainly required, market corrections from the latest wave is healthy and ties in nicely with our trading zones. Lets see what unfolds here with WTI. Measured over 3R down to previous low.
Looking for GU to continue trend to downside this week. Clean rejection off fib level and clean market structure seems like great opportunity for some pips this week.
#usdcad, price retracing downward by hitting supply zone. supply zone 1.2635-50, stop loss 1.2670, target 1.248
Everyone has to get brought down here in the good ol' US of A! The EUR's revenge will be nasty
GBPUSD H4 Multiple confluences stacked at this 1.35 handle, first of all we have that psychological 1.35 number, key area of H4 support/resistance and also a healthy fib pullback from the latest swing high down to swing low. A solid measurable 5R down to 1.33, a breach of 1.34 has already been seen. Alerts set and eyes peeled.
in 21 april we have good cpi and then BOC Monetary Policy Report the decending start and in 28 april we have good retail sales and in 6 of may the BoC's Governor Macklem speech
AUDCAD H4 Nice trade possibility here for AUDCAD. Looking for a rejection as indicated with the path arrows. A pullback to that 0.92 whole number support would be great to gear us up for long entries towards 0.93350 ish.
EUR/USD as of lately has been relatively bearish on all timeframes trending south on a daily perspective. The next port of call for the pair seems to be firmly at 1.1400 heading into the final stages of this trading year. Whilst 2021 hasn't been so kind to the EURO, once we fulfil the base at 1.1400, this pair may struggle to go much lower and form as a base for...