rising wedge formation on GBPUSD .
though the pair has broken below the support line of the wedge ,
I am paying close attention to 1.296 support of a narrow horizontal trading range.
I will sell the pair in case of bearish breakout of the range.
Target levels will be:
I am frequently asked about my opinion on investing in gold on current market prices.
though I have already expressed my opinion on this subject multiple times,
here is the answer from a different angle.
Analysing gold on weekly we can quite easily identify key structure levels that are important for the market...
from august usdjpy is very bullish and last Friday pair has reached important decision zone.
109.0 structure level is significant for the market participants.
analysing the historical perspective we will immediately notice that this level
was respected by the market many times in the past and each and every...
USDCAD is in a free fall.
I believe that sellers will keep pushing the market lower.
I will try to catch a pullback based on the key structure support level 1.305.
This level matches perfectly with a horizontal structure on the left and
completion point of a harmonic gartley pattern .
Target level will...
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel .
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a...
EURGBP is very close to 2019's market low.
Pay close attention to 0.847 - 0.854 demand zone .
Bets are very high that we will see a pullback from this area.
Also, it is very easy to protect our position setting our stop just below the identified low.
Target level is based on structure and projection of BC leg.
Momentum is slowing down on AUDUSD as well.
After a strong bullish impulse, we see that the market is trading within a narrow rising channel .
In case of bearish breakout we can short the pair.
Target levels will be
Stop will be above the highest point of the channel.
Expanding wedge formation on BTC .
The market is very close to the horizontal support.
The odds are very high that we will see one more bullish impulse from it.
Safest stop is 7600
Initial target - 8400
Second target - 8800
this week is very very bullish for EURUSD .
If you analyze price action on a daily tf
you may notice than we haven't seen a pullback for quite a while.
Yesterdays, pair has reached key level of resistance 1.113 and, for now, buyers do not push the market higher.
I believe that there is a high chance to see a...
after a massive buying reaction last week we see that GBPUSD is slowing down.
rising wedge formation is a very good indicator of weakening momentum.
More the market contracts within the pattern, higher the chances that it will break to the downside.
I am waiting for a bearish breakout of the wedge to short...
Looking to BUY GBPUSD in BUY AREAS and to close position in TP AREAS. (30+ PIPS)
Looking to target price area 1.291
- Do not trade if price breaks through BUY AREAS with clear bearish momentum
- Wait for reversal pattern
Looking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of...
This is my update for DXY.
Dollar index has recently broken below the support line of a rising wedge.
It is a very strong signal which determines a bearish sentiment.
We can expect a rally to 97.5 level and my midterm projection is bearish.
descending triangle formation on AUDJPY.
Pay attention to a horizontal support of a triangle!
Bearish breakout of support is a signal to short the pair.
We don't know how long the pair will be trading within the triangle,
but when it breaks, set your stop above the last lower high!
target levels will be:
Looking to BUY GBPUSD in BUY AREA and to close trade in TP AREAS (30+ PIPS)
Looking to target price area 1.284
- Enter on reversal pattern
- Do not enter on bearish break through of buy area with strong momentum