EURAUD is coming closer and closer to a major support line on a daily.
1.605 - 1.61 is a decent zone to consider for a buying opportunity.
Look for a reversal formation within the underlined area and buy the market
expecting bullish continuation to an upper boundary of a channel on 4H
and to higher structure levels.
Head and Shoulders on the 1H time frame for Natgas , probably sending the price for todays trading session towards the red line that acts as a downslopping resistance ,
That will be a nice entry point for the next swing high .
Here we have a classic by textbook diamond formation, sign of an equal power between bulls and bears,
Long term the price will follow the direction of the break out in which case that direction points upwards.
The macro scale of the price action also shows a bullish divergence inside a descending channel that price has been consolidating for the last couple of...
USDCAD is consolidating on minor structure support .
I believe that there is a high chance to see a bearish violation of it
with further bearish continuation to lower levels of structure.
I am waiting for a breakout of this support to sell the market.
usdjpy is currently consolidating on a key support level 108.5.
on a daily this horizontal support matches perfectly with rising support of a parallel channel .
on 4H the pair has formed a descending triangle formation.
to identify a further market direction be focused on an occasional breakout of a...
The market structure shows weakness for EURUSD and this trend may continue to last till the end of this year.
Price may make a correction from daily chart perspective back to 1.1075 to test its major resistance before resuming the downtrend. (Look for the arrow movement)
We just look for the action after price makes a correction only.
This week EURGBP has broken below the current year's low.
Bearish pressure is obviously prevailing and looks like the market is going even lower.
our next support can be easily noticed on a weekly t.f:
0.83 - 0.84 is our next demand zone from where we will expect a pullback.
as always, never trade without confirmation and...
good morning everyone!)
yesterday EURUSD has broken above 1.1 structure resistance .
the next safest level to sell from is 1.18:
it matches with a current autumn's high
and it is a completion point of a projected ABCD pattern .
as always, wait for confirmation within the underlined zone before taking the trade!
Price breaking up back inside to the Fib Triangle( see link on chart )
Price on natural gas has to climb back up through the upper resistance of the Blue triangle so bulls get more chances to square up after the gap we had last Friday sending the price to test the two different resistances above it - green and if breaks through that red line to follow where 50...
Interesting watching how Natural gas price is responding to those two different Fibonacci channels
The one is the upwards Fib channel we were in before selling off and currently rejected from - upper resistance, and the other one is the one we are consolidating in for the last couple of weeks moving downwards giving the down sloping support . Those two lines...
USDJPY Remains bullish .
I believe that buyers will go even higher and our first pivot point is 110.0 level.
This level combines a horizontal resistance and a rising trendline .
Look for a reversal formation within the underlined area to short the market.
Target levels are: 109.5 / 109.0
BTC at the moment gives mixed signals to traders and here is why
As we can see the yellow trend line at 9220 was the bottom trend line of a descending triangle,
That triangle got broken to the downside but price retested back up and now on it's way down, if BTC respects this trend the measure move will send it down to the mid4000s levels ,this is not news or...