BTFC looking super bullish at the moment closing well above the important 40k level. For bullish continuation I would like to see a new high formed and break previous resistance around the 45750 level. With the start of the new month it feels like everything is aligning perfectly for the next Bull Run.
Hello traders this analysis is about usdcad h4 and it is followed by my last daily analysis I considered two scenarios for this currency pair and I think is more possible to price rising for this chart .
1. Price is currently trending bullish 2.Price broke out and formed support in this range 3. If price respects the structure and previous low, it can continue bullish. If the lows are broken, price can retest the monthly level of support 4. High probability that price can fill the wick
Let's do the point ! Finally back on the support, the pattern is complete so I remind it : Level (Here yellow line = primary support) Exhaust (Bottom down arrows) Pressure (Bottom up arrows) Volumes (Top up arrows) Little bit more complexe here because of the U-Turn shape but I will not rationalize it here. First time we worked on this support and...
Price action and chart pattern trading > Target projection of upcoming wave 5 estimated from Fibonacci 1.618 retracement of Wave 4 - A and equal to 2.618 of Wave 1. > Minimum target 1.618 extension of minor wave 1. Always trade with affordable risk ratio 3:1 for medium or long term Respect your stop loss. Good Luck
after Support Price at 41.000 and close canle Next Target Price 42,000 - 42,500
Taking a look at the Weekly timeframe chart, it can be noticed that the price has been heavily rejecting the local crucial zone of resistance. The previous weekly candle has left a 700-pip wick and closed below the local structure. Zooming into the H8 timeframe chart, it can be seen that the price has formed some sort of a Head&Shoulders pattern. We are patiently...
On the left hand side of the screen, we can see the Daily timeframe chart analysis of the pair. It can be noticed that the price has been actively rejecting the ascending zone of support. If the current Daily candle leaves a wick and closes above the local zone of support, it can be expected that the price will keep rising and reach the 131.4 area of resistance on...
Despite the current geopolitical tensions right now, AUDCHF is one of the few pairs where a directional trend is identifiable. I've been watch the price breach above the 0.66610 daily level. Shortly after the breach, price attempted to trade back below it. Based on the current price action, the pullback move is being exhausted so I do expect further upside.
after breaking dynamic trend it has to complete its pullback also we have a good support area combined with dynamic trend and we can open long position there. check the entery point and save your profit in each level
GJ's daily is looking really good for buys tom play out and target the next resistance level at 155.81. Will be waiting for GJ to either flip bullish on the daily or if we can have a close above 155.18 before taking buys. Sells below 154.
Only looking for sells on gold today as the daily has made a big rejection from resistance. Sells below 1904 are looking good. Targeting the next support at 1898.85
BTC still consolidating within the current zone. Although it is currently forming a new higher low which is a good indication for a short term push towards the 45k level. I'm looking for a close above the 40k resistance level as a good sign for bullish momentum in the market.
Gold Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are very bullish on gold and in my opinion we’re a bit too bullish which is why I'm waiting for specific scenarios before making any trade decisions. Based on where price action currently is i think the most likely scenario is for us to see further rejection...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re now looking bearish on all major timeframes and could see price action continue to drop. The most likely scenario is that we see price action retest 130.000 resistance and form a lower high for us to enter short on. Trade scenario 2: For us to consider...
USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Back to bullish! UJ is shaping up nicely here with a clear 4hour bullish transition. Currently, price action is resting near 115.350 support and we’re waiting for either another higher low with strong bullish setups or some consolidation with later conviction...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are looking pretty bullish here on the 4hour timeframe and price action is holding a steady bullish channel. The most likely scenario is that price action will continue bullish and we will look for higher lows established above 0.72000 to enter long...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still bullish but last week we saw a huge amount of bullish volume ending with price action rejection off 97.250 resistance. Because of the nature of the volume we can’t identify clear structure just yet. So ideally, we want to see some...