Trend Continuation Pattern on 5/15 min. Expecting continuation to 133.600 area. 133.600 is a weekly pivot level. Looking for week to continue bullish after breakout of triangle.
Analysis of #USDCAD The USDCAD is still in a downtrend as you can see from my chart, I am looking for a sell entry near trend line resistance also a very strong structure resistance level near 1.2680 if the rules for entry are met. keep an eye on this one and set your alert as it could provide decent trend continuation entry with a good reward to...
Weekly analysis Why is the weekly time frame important? We are seeing the big picture as each candle on the weekly time frame represents all the buying and selling that occurred throughout the entire week. This is the 4th time since January 21, BTC retraces under the 50% Fibonacci level (white line and yellow circles and ellipse) following a bullish trend. 3...
I have just identified a similar scenario to that which we saw in the EURUSD ( this was shared earlier): With a key level at 1.255000 sharing a confluence with the bearish trendline identified in the 1H timeframe, I am looking forward to selling the British Pound going into the New York session... Stay tuned in as regular updates will be shared on my tradingview...
Despite the strong bearish impulse leg on the daily time frame, in the last couple of weeks, we have witnessed the price continues to respect the bullish trendline identified on the 4H time frame, it is pertinent that we do not shy away from the possibility of a bullish momentum which might be evolving. In addition to this data, since the beginning of this week,...
This suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone, bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle. ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this case it is down.
we can see an average down movement of the asset price and a minar correction of an up trend aiming for the pullback on our supply resistant zone and 3rd touch on the major downtrend..pls share views
Welcome back! Here's an analysis of this pair! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
EURUSD still got long strength on the long term trend, we may see ups and downs moves in form of range until we finally break out from the most recent level of resistance and maybe then the uptrend fully take charge. Traders should be more careful taking short positions because the price may play tricks going to the downside to eat some retailers money today.
With a breakout of the supply zone at 1.2400 during the course of yesterday trading session, I am of the opinion that buyers are beginning to gain traction with a potential of pushing price further into the selling opportunity zone identified on the daily timeframe. Going into the UK and New York session, the demand zone at 1.234500 shall be our guide for bullish...
Sell limit entry at orderblock. Tight stop loss. Waiting for banks to fill imbalance and mitigate their positions before continuing it's move down and taking out previous lows. 19 pip SL, 230 pip TP, ABOUT 1:12Risk to reward ratio *not financial advice
With a simple trading set-up identified in the 1-hour timeframe, I am going to recommend selling the Aussie this week. In this regard, a key level at the 90.000 area and the bearish trendline identified on the 1-H timeframe shall be our guide going into the new week as we continue to look for a reversal set-up to join the potential decline. shall be Risk...
NZDUSD is down by more than 9% since the beginning of April 2022. With the pair looking increasingly oversold as the appearance of a reversal pattern on the 2H timeframe could probably be signalling the incitation of a retracement wave into the major bearish trendline identified on the daily time frame or we might be having a downtrend continuation right below the...
Going into the new week, market experts warn of EURUSD dropping under parity if Russia shuts off the gas to Europe. However, from a technical perspective, there appear to be two scenarios we should be looking out for when the market opens. The first is a countertrend opportunity if we witness a breakout/retest of a reversal pattern identified on the lower time...
BANKNIFTY is near to important zone (previously acted major resistance)(32700-32600) and trend line support So it has High probability of reversal at this zone. But in case If it breaks that zone , there will be high chances for continuation of bearishness in the market.
Going into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since...
With a bearish trendline holding since the beginning of the day, we want to be ready to take a potential sharp decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and...
A visual representation of a line drawn over pivot highs reveals the prevailing direction of price action in the last 3 to 4 months; we want to be looking for opportunities to join the potential decline when it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is...