Hi guys,
this is the hourly chart on EURJPY and i'm taking this long trade because of several reasons. First of all, we're in a strong supporto zone on the daily chart and we're also creating a nice divergence on the RSI there. Then, if we lower a timefeame (4H), you can see a couple of pinbars (candles with long wick to the bottom) signaling buying pressure ...
Hi guys,
this is a simple trading setup. It all starts from higher timeframe, specifically daily, where we have a downtrend and a retest of the broken support that could now turn into resistance (yellow box). Given that, we all know that this is a key place to look for trading opportunities because it could yield great results with the help of the master trend. ...
Hi guys,
there are several reasons why i'm going long on this pair. For starters, price is testing a very important structure level that you can see both on the daily and weekly timeframe, and in doing so it's creating a nice divergence on RSI on the daily. Moreover, if we lower a timeframe, we can see on the 4HR that we have two engulfing candles (one after ...
Hi guys,
i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level, both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as ...
Hi guys,
today i want to talk about why i'm going long on this pair. Starting from our daily analysis, you all can see that price is testing a former level of resistance that now can turn into support. In addition to that, we can also see the RSI is in oversold condition and the price has created an harmonic pattern called Gartley. Going down on lower timeframes, ...
Hi guys,
in front of you, there's the hourly chart of USCHF. The yellow box represents a daily level of structure that i've pointed out in my higher timeframe analysis; this is also associated with a strong overbought condition (more than 7 consecutive green candles on the daily) and a divergence on the 4H and 1H charts. In this case, we also have a double top ...
Hi guys,
this is interesting: on EURNZD we're testing a key structure level on the daily and we've also formed a nice Bat Pattern that's completed and that's not yet hit targets. Around the completion zone, price has also created a nice double top with RSI divergence that makes me comfortable in taking this short with stops above structure and targets down below ...
As we have retraced so far how much further do you think this will go who knows i believe the bottom
was going to be $7600 and my ultimate bearish was set for $7200 maximum, if you look at the charts
you can see some one has sold a lot of BTC and bought back in possibly waiting to see if we bounce
from this point but there was a massive spike in volume..
This is ...
I think EURAUD still remain 1 movement to the downside until next support region. At this moment is completing the flag to continue drooping. Let's wait the breakout to enter short at least 70 pips more.
Money money...
Bless
A bullish divergence pattern is forming with RSI and MACD showing possible reversal of trend. A break of the descending channel on 4H chart will confirm this.
We last posted on the CHFJPY on May 3rd when price had broken and closed below 110 and had continued to weaken further.
After a break of key support and resistance levels, expect price to pullback to retest them. This is currently what price is doing.
We now require a break and close below the current May low to suggest a trend continuation.
Patience needed ...
I have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.
There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
The Euro took a beating over the last several days but the game is not over! This is just hotting up. I refer to some key areas for possible reversal on the lower time frames.
EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of ...
