The S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
When price entered to rising channel, it first fell to support area, which is located at $1.0855 level.
After this, Euro bounced and made upward impulse to resistance line of channel, which coincided with resistance level.
Next, price corrected to support line,...
-Uptrend Channel
-Price making higher highs/higher lows.
-Long term bullish commodities with inflation,
Russia Ukraine, FED.
-Bought a pullback into demand with stop loss
below the previous HL/HH.
GBPJPY After a month-long battle out/ above the 📈4H/ 8H channel, the price came back to retest it last week at around 149.000 level. It accumulated around there for a bit and now it looks BULLISH, probably re-accumulating again, before taking off.
Historically I'm aware that GBPJPY likes to respect 0.618-0.786 FIB retracement areas a lot. 👍And I'm couting on the...
GBP/AUD 🇬🇧🇦🇺 is moving inside the Ascending Channel. The bullish narrowing of the EMAs together with the deep oversold Stochastic crossover are suggesting the pair is to test the Resistance of the channel.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your thoughts and charts here in the comment ⌨️ section
+0.83% on AUD/CHF 🇦🇺 🇨🇭. The price was rejected by the ... level. As the pair is lying above the clouds and is about to from a golden cross there is a possibility of a slight rise , however according to the high RSI overbought we shall expect the decline back to the channel.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your...
AUD/CAD 🇦🇺🇨🇦 pulled back from the Upward channel resistance and according to the Stochastic crossover and RSI overbought the price is going to continue its decline and test the channel's support.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your thoughts and charts here in the comment ⌨️ section.
+0.28% on AUD/USD 🇦🇺🇺🇸. According to Stochastic Overbought crossover the price is likely to break from the Upward channel and test the 0.71072 lvl Support area.
If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button
Also share your thoughts and charts here in the comment ⌨️ section
