Hello folks,
OANDA:NZDUSD is one of the pair I have on watchlist this week.
NZDUSD has been trading within an ascending channel since .
Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone.
From Daily Timeframe:
The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this...
Hello traders,
BOJ meeting could change the market direction.
Daily view:
There is one entry and three TPs for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
Hello guys, My Idea on USDCAD is for a Big Push to the Downside , Which from the Daily Timeframe Down to the H4 Timeframe we are Overall Bearish and Which the H4 has Currently Switched Bearish and We are Expecting the Continuation Trend to the Downside for a Good Selling Opportunity from Level 1.36110 . Like and Drop your Comments ❤
Considering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.
I have been following and mapping out this sweet structure of price and i believe I just found a sweet spot to hop on this trend to catch a sweet 10:1 (SL-15pips, TP-150 pips)
Don't miss this even though you need to enter with the smallest lot size of 0.01, just simply wait for a proper rejection candle stick.
My confluences:
1. Structure
2. Uptrend
3. Inverse...
Price is rejecting a strong zone on the 4H. Correction is done. Next week market starts with the impulse wave. Catch it while you can. Buy the dip. Take profit is next resistance zone
It seems to struggle to break my resistance so im staying postive it's gonna fall more,but it is very possible it can go back up to my other resistance areas for a good drop
If ýou take a good look on gold 4hr chart you'll see, the failing to break trend line. Price Action analysis can tell the previous support becomes a resistance.
Head and shoulder pattern with a neckline retest.
After some manipulations last week, here is the adjustment of the setup. Watch for breakout of the small bullish correction…
Stay blessed
#DYOR
Dydx has been in an uptrend since it creates a higher highs and lows. There is a break of market structure on 4hr and daily TF. So I will be buying to the next support/high
My previous analysis indicated a bullish triangle pattern on the daily chart and the market is reacting as expected.
Yesterday I shared a completed cycle of wave 1 with the market correcting, now we have that correction of wave 2 completed at the 0.382 fib level and the bullish trend is back.
Based on Elliott Wave guidelines, Wave 3 should be very strong and not...
In my previous analysis, I shared that the daily chart was showing a Triangle pattern, which if confirmed I would be looking for Longs on Dollar.
As suggested, I would wait and allow the market to provide a clear bullish forecast as the Intraday 1Hr was still trending downwards. That trend change is clear and now let's see how this will play out.
As always, feel...
I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves.
I have labeled...
daily time frame is down.
in 4h time-frame there is an important resistance level.
we have divergences in both RSI and MACD indicators on the level.
A short price-action setup confirmed on the level too.
