HZDJPY is holding very well at the daily 618 fib retracement, if we are able to break out of this ascending trendline and close below previous support, I would be highly interested in a sell from the re-test of the structure down to the key level. This will only be traded if we get the correct confirmation and an acceptable risk to reward ratio.
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-Very decent long opportunity on the reversal on top of the ascending triangle.
-There is a confluence as the resistance of the triangle is in line with my supple zone.
-Another confluence is that the supply zone is in line with my 23.6 fib level which could indicate that price could potentially reversal from that zone.
-An extra confluence is the EMA as it is...
- Very good opportunity to go for a short position on this pair at the reversal of the supply zone.
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
the 1D resistance has been rejecting price lately, a good opportunity to scalp pullback once again . will enter trade if candles form bearish price action on the 15m tf , signalling a minor retracement, possibly a major one according to some higher tf analysis .
sl 10pips tp 20 pips
trade only according to your system.
sell stop - pink line 1.09835
I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price.
from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing.
next week pay attention to 19.0 - 21.0...
If the Midterm level 1.5050 is broken, we will close open trades.
Price may also reach 1.5050, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to OUR STRATEGY, and depends on personal strategies.
While the price is...
GBPAUD broke a major rising trendline on a daily time frame!
now we can expect further bearish continuation to the next structure levels:
support 1 - 1.92 (based on a match between historical levels and 382 retracement of a major leg)
support 2 - 1.88 (based on a match between historical levels and 618 retracement of a...
USDWTI H1 - Ultimately long bias on WTI for obviously and explained reasons over the last few weeks. Pulling back to this trendline support so we could see a bounce here to break the higher timeframe resistance. More noteable support zone at 31.30, so in the case we pullback this far, it could be wise to load up on positions.
-If Bulls take control of this pair then I will wait for a breakout of the triangle and look to enter on the retest.
-The 50EMA is below price which indicates bullish trend of the pair.
-Top down analysis from the Daily and 4 hour show bullish trend and signals.
-I will wait for a strong bullish candle on the retest and then I will enter a long trade.
Top down analysis
we see gbpjpy forming "lower lows" and ''lower highs'' which indicate a downward trend plus more confirmation on the EMA being above the price action indicating that still we are in a downwards trend
we see EMA also indicating a continuation of downward trend being above the price action plus price breaking...
we clearly see on the h4 timeframe that the price is still maintaining uptrend and respecting the 61.8 fib level. we are now ranging in the consolidation and see just broke structure in lower timeframe for continuation to upside. wish you a wonderful weekend
what a short rally on GBPUSD on Friday!
the price has surely broken below a major daily structure support level.
now we will expect a further decline to the next major levels:
1.20 level is 2019's structure low and I truly believe that it is the current goal for sellers.
1.19 level is 2016's structure low...
for the entire month of April EURGBP is trading in sideways.
the pair is stuck in a wide 0.868 - 0.883 trading range.
the support of the range is based on a key weekly level.
the resistance of the range is based on a daily structure.
if you are a swing trader, the best option is to wait for a daily violation of...