SPX500 Index like most of the other indices creates a new record recently, a new record means that the price is too high and as forex traders, we need to look for sell position, First, we need to find A good setup to sell the SPX500, as we can see on the chart attached, there are 2 reasons that indicate it’s a good time to sell, 1- Divergence: as we can see,...
Like most of the USD pairs, also USDCAD has open this week with a 30 pips GAP up, usually, gaps indicate on a massive amount of unfilled orders and create a new supply or demand, in that Case USDCAD start this week with gap toward up and create new fresh demand, on the 1H chart we can see the demand level below which is the level where the price gap from, and it’s...
Yesterday, the EUR/USD was dropped down from about 70 pips in about 10 minutes, This creates a new and fresh supply above, which is also a Quasimodo level pattern – after a few higher -lows, the price creates a new lower-low with one sharp move down. That supply is a great level for sell position and the target will be the demand below which is also a great level...
For the long terms, the EURUSD is bearish, The USD get strong against all the other currencies almost, in the 1H chart there is a great supply above, that supply can be a great continuation level For sell position, in the weekly chart I marked the demand at the bottom as the final destination for this bearish momentum, this demand will be the long term target for...
For all time frames, GBPUSD is bearish at the moment and seems it’s gonna stay bearish until the price will reach the demand below that marked in 4H chart, that demand is a great Level for buy position, it’s a potential level for reversal position, the supply above that marked in 1H chart is what called RDB (Rally Base Drop), the base has a nice rally to that...
As we heard 2 days ago, president Donald Trump announced about new sanctions on Iran, that cause the USOIL price to jump away and creates new fresh demand, we can see this New demand in the 1Hour chart, that demand below seems like a great continuation level and I’ll buy there if the price retrace the demand, on the 1D chart we can see that the USOIL Price is...
On the 1D chart, we can see the price breakout the demand from the left, on the same chart we can see below the next fresh demand, most likely, the price on his way to reach this Demand below and maybe also the one at the bottom, on the 1Hour chart we can see the next fresh supply levels which are great levels to sell GOLD and join this bearish momentum. I’ll sell...
BTCUSD has developed a bullish momentum on the long terms, seems it’s gonna stay bullish until price reaches 6350.00 zones, for the long terms, it’s a great level for sell position, The levels that marked on the chart are good levels for short terms positions, the price is just between these 2 levels, the demand below is a great level to buy low on the first touch...
On the 15 minutes chart of SPX500, we can see very clearly the divergence between MACD and the price records, the divergence on MACD indicator is not a signal for me to sell, it just tells me that the uptrend we can see on the 15 minutes chart is powerless, there are 2 options I'm waiting for to sell. 1 - if the price will breakout the support below I'll look for...
As we can see in the 1-hour chart on EURUSD there is a divergence between the MACD indicator and the price himself, while the price creates high and higher High, the MACD shows high and lower high, this divergence indicates that the buyers of this uptrend getting wick, I'll still wait to see if the price will breakout The confirmation zone which is the support...
For the long term traders, I marked the supply above as a great Quasimodo level for sell position, the situation of high, low, higher high, and then lower low Creates the Quasimodo pattern which considers as a very reliable pattern, I'll sell at the supply level above and my target will be the last low.
Boeing Company is suffering from a serious crisis in the last few days, how long this crisis will be last? no one knows, my guess is that in the near future The Situation in Boeing will return to normal, from the technical analysis point of view, I marked 2 key levels for long terms opportunities, the supply above is a Great level to open sell position, and the...
Boeing Company is suffering from a serious crisis in the last few days, how long this crisis will be last? no one knows, my guess is that in the near future The Situation in Boeing will return to normal, from the technical analysis point of view, I marked 2 key levels for long terms opportunities, the supply above is a Great level to open sell position, and the...
For the long term traders and the swingers among us, the EURUSD is bearish at the moment, which means, I'll prefer to look for sell opportunity, It seems the Price on his way to reach 1.0900 zones, the supply above seems like a great continuation level for sell position, for now, it looks like the price compress Toward this supply, I'll sell at this supply on the...
It seems that the DAX index has changed the momentum from bullish to bearish and the price now on his way to reach the demand below or even the one at The bottom, also, the MACD indicator seems to be on his negative side on 1-hour chart, Therefore, I'll look for a sell position, the supply above looks like a great Continuation level for sell position, my first...
The USDCHF price created a new fresh demand 2 days ago, it looks like a great continuation demand for buy position, for now, the price compressing down And as long as the price keeps compress toward the demand, it's better for us, it indicates the price move down without a real sellers power, therefore, if the Price keep that way, I'll buy at the demand below....
The NASDAQ index has dropped down yesterday and creates a new fresh supply above, this supply also seems like a Quasimodo pattern, I'll sell at this supply At the first touch of the price, below, there is a great demand for buy position, I'll buy at this demand also at the first touch of the price, both levels are Relevant for intraday positions,
As we can see on the 1-hour chart, the USDCHF has a nice rally, it seems that this bullish momentum start to lose power, the divergence on the MACD indicator Indicates for the upcoming bearish momentum, however, I'll still prefer to wait and see if the price will breakout the support below, if that happens, I'll look For price action setup for sell position and my...