The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical...
hello guys... as I said before: from my point of view, this pair is bearish! why?! you can see the ascending channel broke! the price formed a QM pattern twice! the first QML(1) was touched and if the blue trenline breaks up the QML(2) will be touched too! so I believe this coin wanna touch the QML area and then start the downward movement due to engulfing...
This is my Intraday analysis on EURUSD for 16 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the...
Couldnt get the pair trading closer to the anticipated area, but we are forming lower lows, so might get an entry around $1.24600. London session will be the decider.
Entered the shorts here as per the explanation yesterday. Shooting for 4 RR on it, but lets see what the price action decides to develop into. Will be moving my SL alongisde the LL & LH formation, nothing crazy
Still monitoring Gold closely with a heavy bias towards shorts. Technically the price has retraced back up from the lows and is nearing the supply zone @ $2398, from where I would Ideally seek an entry. Patience is key, have an alarm set for that price level.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely this would be a trending up pair, but do keep a look out for any intervention. Frankly BOJ could be looking to intervene, and by then you should see big movement on UJ. Trade this pair carefully! Do check out my recorded video (in trading ideas) for the week to...
The USDCAD pair is crossing over the 0.786 Fibonacci level of the long term range since October 2022. The last two times it did that break out, it turned into the most efficient sell opportunity. Last time to do so was on November 1st 2023. With the 1day RSI also deep into the overbought region, we turn bearish. Sell and target 1.3300 (0.236 Fib, it has been...
EURUSD turned oversold today on its 1D technical outlook (RSI = 29.517, MACD = -0.004, ADX = 31.573) as it failed to sustain the rebound during the early session. The long term pattern is a Channel Down since the start of the year and this is the second bearish wave for a LL. The 1D MACD is on the second Bearish Cross inside 30 days and even though a short term...
Bitcoin is in an uptrend channel and looks to be in correction phase back to the lower channel and heading to a major support (demand) zone at area 52K, which will be confirmed with a daily break below 60K.
One more pair that looks very bearish to me after news is NZDUSD. I see a confirmed bearish breakout of a support line of a horizontal trading range on an hourly time frame. I think that a bearish trend on the pair will continue. Initial target 0.59 ❤️Please, support my work with like, thank you!❤️
Trading Setup: A Trading Signal is seen in the EURUSD (m15)Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0684 ⭕️SL@ 1.0716 🔵TP1@ 1.0561 🔵TP2@ 1.0500 🔵TP3@ 1.0411 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Looks like the Retail Sales data may strengthen US Dollar today. As a confirmation, I see a very bearish price action pattern on EURUSD: bearish breakout of a rising wedge pattern in a bearish trend. I will expect a bearish movement at least to 1.063 ❤️Please, support my work with like, thank you!❤️
we should get continuing bear pressure after we get a full pull back. Price definitely wanting to go bearish so I will continue to monitor for the solid move down.
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
The US Dollar Index is showing a bearish chart pattern after having made a strong rally since the beginning of 2021. We are now seeing a correction that will most probably end in some kind of consolidation, which should take it down near the 100 mark. In the meantime, the EUR and GBP are booking some gains against the greenback!
Traders, In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100. Adding depth to our analysis, let's delve into the fundamental...