We saw a decrease momentum in the downtrend.
after a series of LH LL LH LL , LH and Higher low
With the formation of a new Higher high , the scenario is confirmed
If the new swing High was created below the Violet line, the uptrend scenario will not be valid.
we are going to run plan B.
thanks for you like and comments
NZD/USD has recently moved higher in a strong uptrend and for the past few days/weeks has been consolidating in what could be the first pullback on the higher timeframe. Diagram shows the 4 hour time frame and shows price has bounced twice in the past off of a support zone (purple box). Current price action has just formed a Pinbar on the one hour (my entry time...
With gold showing a low resistance path that could pull it back to the low's that we saw in the last week or so. With many analysts offering a much higher price in the upcoming months to years I feel the uptrend will still be respected.
We can see some ranging that could show a pull back to the support around 1700, if a re-test does occur, expect a false...
Fellow Traders! I have spotted a potential trading opportunity, GBP/USD (LONG)
Consolidation & Bullish Breakthrough
Resistance at a key support level
Rejection At Fib Level 61.80
Previous Strong Bullish Momentum
EURUSD- there is a high chance of a raise due to the current conditions
Since 2016, EURUSD has only once fallen bellow the current support level
EURUSD may have a large increase due the current situations. The USD has taken a hit due to the corona virus and current trading relationship problems. On top of that, the EUR is surprisingly doing well among all the...
Hidden Bullish Divergence on Silver,
There was a big sell yesterday on Silver but price created a higher low showing strength
As we an see on MACD number of sellers increased but price rested just above the 18 dollar mark .
CHFJPY is currently in a uptrend and has hit it's pullback and has a high potential reversal chance as there is a huge divergence in the daily + hitting strong trend line and also hitting previous resistances. Comment below on what you think will happen ;)
EURJPY currently uptrending. A weakness in JPY has been observed with XXXJPY pairs rising over recent days.
However, this pair has came to a halt at the resistance zone forming a triple top. We look to sell to meet the upward trendline.
Potential short for 150+ pips once price action confirms bearish reversal.