With the size of this ETP-4 pattern , we're looking at scaling since the reversal area is so large. The support is in a great area so we'll be looking for price to bounce anywhere between current price and the support lows. The bounce here should be a wide area but an area that should be quite noticable and a good area to put a stop.
Considering the dxy analysis i have posted prior to this post. If the dxy used that zone as a support (refer to the dxy setup) we should see gold drop to around the o.618 level , where there is a preious strong resistance. ideal area to also go long if we see good rejection around the 0.618 fib level. telegram: t.me
Price at major resistance zone on daily timeframe . if price reject the 23.6% i'm expecting toward the downside . Good risk reward of 1:3 .
Last couple of weeks we noticed bulls to be very active in this pair. That can be over very soon,cause we have some good indication that price will be pushed down. There is no Big Fundamental data that can strongly affect this pair in comming days. Techincal analasys showed that USD/JPY reached 1D trendline. Near that level we also have ressistance point. That...
Hello traders! After that big wick red candle, based on dxy strong reverse move, we are expecting a down move on this pair. Don't just jump into the trade. Watch price action in lower timeframe before entering short. TRADE WITH NO EMOTIONS!
yet again idk what this currency is, wait for either downtrend or support to be broken then trade relative to whichever broke, boiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
WAIT FOR INTEREST RATE NEWS THEN SHORT DEPENDING ON THE NEW BC THIS IS TECHNICALLY SOUND ALL THE WAY DOWN TO THE ARROW
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
Usd\Jpy is in an interesting place, a combination of the weekly 50 fib level, and a double bottom is setting in the daily chart, will definitely monitor this one for possible long opportunities
FALLING WEDGE PATTERN IS USUALLY A BULLISH SETUP WITH A BULLISH BREAKOUT CONTINUATION THAT FOLLOWS BUT IN THIS SITUATION, WE NEED TO REEVALUATED OUR TECHNICAL ANALYSIS ON THIS PAIR AND BREAKDOWN THE SLOPPED TRIPLE TOP THAT HAS PRINTED AND THE BREAKOUT OF 1.238X. A LAST KISS BREAKOUT PATTER LOOKS TO PRINT AS SUPPORT TURNS TO RESISTANCE AND A SAFE EXIT WOULD BE...
EURAUD is forming a bat pattern. This bat can be the ultimate winning trade. Not only will it form a double bottom, it will form a double bottom on a monthly and weekly major support zone. This will be a high buying area. If you enter this trade. You should hold it for months! Do not miss out! NOTE: only if price reach the D leg will it provide optimal profits!
Looks like a shorting opportunity is happening soon. Probably during Trump speech tonight. I am already in the trade at .7235 and .7190
Eurusd is moving like how I am expecting it. If you look at my previous post on the Eurusd where I was looking to short. Eurusd is forming a HNS on the daily tf. But it has to go back up and break the 1.08300 resistance level in order for the HNS to be real.