AUDUSD Long/Buy Idea waiting for a momentum candle close above 0.6820 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Trendline (in blue) 3- Rejection/Support zone from Daily (0.6700) 4- Head and Shoulders forming (in orange) Waiting for the right shoulder to form to enter on the neckline (in purple) break upward above 0.6820 (in gray)
Hello and welcome to my Trade Idea of the currency pair GBP/USD. Lets start with the Top Down Analysis. Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend. Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4...
Hello and welcome to my Trade Idea of the currency pair CHF/JPY. Lets start with the Top Down Analysis. Monthly: On the monthly timeframe we see bearish momentum. Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on. Daily: I think the price will break the inner counter trendline and react to the outer counter...
Hello and welcome to my Trade Idea of the currency pair AUD/CHF: Lets start with the Top Down Analysis. Monthly: Huge bearish candles in the past. Strong confirmation that the sellers have the upper hand. Weekly: We see a retrace from the last low( the wick) and look for short entrys. Daily: Clean bullish retrace after the long down trend. H4: We see...
The chart shows several lower highs before higher highs which indicates a continuation in a new channel. Price may eventually break this trend and move down as it is in a sell zone of an uptrend (seen on higher time frames)
The daily chart also suggests a bearish reversal in line with monthly and weekly technical standpoint. We see several reversal candlesticks under the 155.000 and 150.000 monthly key levels. Once again moving averages are bearish and clearly have formed dynamic resistance for the pair. Price has remained in the uptrend however and has formed another channel,...
Overview using market structure, fibonacci, key levels, candlestick patterns, trendlines and price action. See attached link for actual sell parameters. Will be added soon. Waiting for confirmations.