- Daily: Since 2022 we have been in a downtrend but we recently got a bounce off of a zone that i drew up on the weekly (Black line to the upside), which was also a bounce off of my fib zone (Not seen in markup)
- 4hr - Not sure how strong that channel is but i like trading off shapes so we’ll see how it goes
- 1hr - Interested in a sell, but want price to retest...
Starting with the 4hr chart above, price action made a strong push to the upside following this morning's weaker than expected US economic data. Currently price action is struggling to break and hold above the level of resistance. If we manage to break higher, expect the 200 SMA to act as potential resistance.
Let's now take a look at the daily timeframe
==...
Starting with the 4hr chart above, we can see this pair made a strong push to the upside following this morning's US economic releases.
Manufacturing PMI - weaker than expected
Services PMI - weaker than expected
New Home Sales - - weaker than expected
Let's now take a look at the daily chart
== DAILY ==
With the daily timeframe we can see Stochastics in...
FUNDAMENTAL ANALYSIS
GBP/NZD Price Impacting Economic Events
*( GBP upcoming events are important and leading economic indicators and WILL impact price during trade, increasing volatility and unpredictability )
…………………………………………………………………………………….
GBP TODAY Economic Events:
- Unemployment Rate ( 3.8 same as previous )
- Unemployment Claims ( -20.1k higher than...
Hello my friend
the same thing happened to Bitcoin We can learn from it or experience it again I have already predicted this declined. Although I work in cryptocurrency
USDJPY
Daily we are still stuck within a range still yet to give direction on a break out
4H doesn't give any clearer color and stuck within 130.81-127.53 trading range
my indicator for confluence shows we are at a four hour equilibrium
15m area to wait for me for reversals
Hello my comrades
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps with several areas of demand.
2. Below is the last support which is between 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar...
Hello my comrades
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps several zone of demand.
2. Below is the last support that is in the range of 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar...
Hi my friends
There is a possibility of price divergence and then the start of an uptrend.
For this move you have to wait for the weekly candle to close
So the best thing to do today is to do nothing
If it was useful to you, support it by liking it
hello my friend's
It is better to close the weekly candle in this way so that we can continue the upward trend
But it is better not to open a deal on these two weekend days
Yellow arrow is start of the pump of price from a level of consolidation. Since the other arrows show three sub levels of rise which market likes to move in. From high zone shows how price on the down move broke structure and now potentially finding liquidity to sell off for the direction price needs to fill lowerrr. Last 4 hour doji is a zone to keep eye on to...
Starting with the 4 hour timeframe, the yen is finally starting to show some life as the oscillators give several indications. On the larger timeframe (reference charts below) you can see we're also testing the descending support. For now, I'm not suggesting a complete a reversal put a possible pullback towards the mid-channel pivot is warranted.
Let's now take a...
Hey traders,
Update for CADCHF pair.
The market has recently dropped to a major rising trend line.
Taking into consideration that the pair is trading in a bullish trend since 2020,
we may catch a trend-following move from that.
Analysing the intraday time frames, follow a falling parallel channel on an hourly time frame.
Its bullish breakout will be your...
CHFJPY has been on a consistent uptrend on all of the higher timeframes, and has just now found some resistance. The retracements on the higher timeframes have been around the 61.8% range so that is what we are looking for moving forward. On the daily chart we have broken structure to continue the sell until the end of this overall retracement zone.
Expecations:...
GBPJPY is trading in a bullish trend for more than a year.
The price is steadily growing within a major rising parallel channel on a weekly time frame.
Reaching 158.0 level the market started a correctional movement.
The price started to fall within a falling wedge pattern.
Being closer and closer to a support of a major channel the market may start growing...
My Top Down Analysis
Daily Time Frame:
Trending upward and waiting for a possible reverse off of my S/R zone (red highlighted box), also waiting for the bounce off my 50 SMA
4HR:
Bounce rejected and bounced off my trend line, currently creating higher highs and higher lows. Also caught a bullish reverse pattern at my zone
1HR and 15 Minute
Price above 9SMA and...
![CHFJPY: [Growthbank] CHFJPY Sell Idea](https://s3.tradingview.com/f/fNsgFgdq_mid.png "[Growthbank] CHFJPY Sell Idea")
