Expecting to fill in the gap on AUDJPY and continue with the bearish trend. Selling on 0.618 fib retracement and a potential retest of the respectable descending trendline.
EURJPY seems to be making its way back down in our respectable parallel channel. I will be looking for a retracement to our 0.618 Fib area, retest the trendline, and bounce from the corresponding support level outlined in grey.
After successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying...
We managed to see a clean break of the ascending trendline looking back at the 4H time frames. Currently we are in a retracement phase, where there is a potential to retest the trendline, as well as the 0.618 Fib level, and see further downside formed from here. Furthermore, our 0.618 level corresponds perfectly with our previous supports (now acting as...
The price is currently moving towards our respectable trendline, where we would like to see a potential bounce created off the corresponding 0.618 Fib retracement level, and continue to the downside. Furthermore, there is a crucial historical support area, now acting as resistance, which we would like to see retested!
EURUSD saw a clean rejection from our previous support, and currently is moving upwards to potentially retest our descending trendline. Furthermore, the 0.618 Fib retracement also corresponds well with our preferred entry point, providing us with more technical analysis elements to confidently take our short trade! Depending on the next few hours of price action,...
We are looking to enter shorts on the right shoulder on H&S pattern, which also corresponds well with the 0.618 fib retracement, as well as the 4H descending trendline.
Strong Support ahead @ 1.5100 If price closes below it's a sell. Targets and SL given in chart. If bounces back it's a buy But wait for confirmation, After testing yellow live market should break the purple channel and close above it. Buy trade seems a bit risky. 1.5115 is the strong support line it may set a new short term trend. if you want to trade this idea...
After panic sell-off we are back to previous downtrend channel. Will it hold?
If USD index continue to fall. GBPUSD will definitely rise again. You can change TP and SL to your analysis. But what s important is the main idea.
A rising wedge has formed with an RSI Divergence got me shorted this pair, on the coming week I'm waiting for the candle to break and close below the lower trendline of the rising wedge, followed by a retracement for me to engage a trade to short it with an added position.
It looks like a simple trendline bounce from here which i will open a buy for long term. I always trade trendline bounce and have good win and lose ratio from this strategy alone. At least 60 - 150 pips to be caught with patience.
GPBUSD looks like he's going to make a retest on the trendline! Better wait to see how market will open and make the moves. Best Regards José Pêssego
CHFJPY is going bearish near the 0.618 FIB that is near a Support line with a uptrend line, putting everything together im thinking on a reverse and the market turning bulish this week. Best Regards José Pêssego
USDCAD has been following the falling channel since june. Price bounced off from the trendline and then made a breakout from an ascending channel indicating high chances of heading down.
Hi traders, I have spotted two rising trendlines in which this pair has been following and has bounced once again respecting each. As a result, I see a high likelihood of the price rising further towards the next resistance. Share your views on this pair in the comment section. If you agree with this analysis kindly hit the like button to show your support.
Hi traders... I see a good uptrend here that has been respected very well severally. There is a very high likelihood for the trendline continuation and for the price to bounce off. Lets wait and only buy if price bounces. Breaking of the trendline will invalidate the setup. If you like the analysis hit the like to show support.
The price has respected a downtrend trendline four times and for the fifth time it looks like it may bounce off too as it has started forming bearish candles. Lets follow it closely and if we confirm a reversal we can go short. Breaking of the trendline will invalidate the setup. What are your views guys on this? I would like to hear your opinion.