On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy entry at 4028.84, where the 50% Fibonacci line is. Stop loss will be at 3918.39, where the 50% Fibonacci line and recent low are. Take profit will be at 4325.28, where the swing high is. Any...
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.67711, where the 61.8% Fibonacci line is. Stop loss will be at 0.66697, where the previous swing low and 50% Fibonacci line is. Take profit will be at 0.69161, where the previous...
Looking at the H4 chart, I have a bullish bias for BTCUSD because the current price is above the Ichimoku cloud , indicating a bullish market. Look for a potential buy limit entry at 17246.66, just above the 23.6% Fibonacci line for price to retest the area. The stop loss will be set at 16881.00, where the previous swing low is. The take profit point will be at...
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a potential buy limit entry at 1.05948 for price to retest the previous swing high before bringing price to my take profit at 1.07652, where the previous swing high is, Stop loss will be at 1.04431, where...
If you pay attention to the candles you can see that downtrend wants to continue. simply look at what the price is doing at the right time.
Price has tested a previous sell zone, look for a sell on lower timeframe in the red zone.
Having seen US core CPI come in at 6% the strong reaction in rates, US Treasuries, gold, and the USD makes sense – somewhat more puzzling, after an initial spike of 3% in the US500, we’ve seen a sizeable reversal in US equity markets and perhaps this shows trepidation to hold exposures over the upcoming FOMC meeting. Certainly, USD pairs are getting a strong...
💷💵GBP/USD Declines Are Inevitable 💷💵Looking at how the GBP/USD bumped upwards today on news of the latest inflation readings in the US 💷💵It may confuse some and provoke further rises. 💷💵But I believe this was the last attempt at increases before the incoming wave of falls. 💷💵Looking at the divergence that has formed on the MACD and RSI 💷💵And considering the...
Finally broke out of the consolidation zone, currently retesting, following the trend.
Midterm forecast: While the price is above the support 1730.00, continuation of uptrend is expected. We make sure when the resistance at 1807.13 breaks. If the support at 1730.00 is broken, the short-term forecast -continuation of uptrend- will be invalid. We will close our open trades, if the Midterm level 1730.00 is broken. Technical analysis: While the RSI...
Midterm forecast: While the price is above the support 1730.00, continuation of uptrend is expected. We make sure when the resistance at 1807.13 breaks. If the support at 1730.00 is broken, the short-term forecast -continuation of uptrend- will be invalid. We will close our open trades, if the Midterm level 1730.00 is broken. Technical analysis: While the RSI...
💶💵EUR/USD Strong resistance zone ahead. 💶💵As you can see, EUR/USD has broken out to new highs and failed to execute my downside scenario. 💶💵Today's entire move was made on the back of inflation readings which fell for another month in a row, igniting investor hopes of looking for a peak in interest rate hikes. 💶💵An opportunity like this cannot be wasted and on...
Hi, GBP/USD has now clearly broke out with help from the CPI miss news today. A pullback to the local highs at 1.233 looks very likely. An entry here with the stop loss behind 3 areas of support including- trend line, daily support, 2 levels of fib The first target will be todays high at 1.24427 with the second target being the fundamental area at 1.25. Good...
Hi, I've entered LONG on the LTC/USD pair. It looks like a clear cut rejection from support and now were starting to see a breakthrough past the previous high from last week. Target 1 remains at the high from the start of the month with the local high close being $83. From there we target the daily resistance at $94. If we see any sign of rejection before...
The dollar had a nice rally and is about to collapse .. the rally was markup and we are gonna see a retest towards 106 must break down the 106 level then it's bullish .. building short positions starting from the September candle, especially above 109.900 and going full short if it touches 119.600 .. its a large zone so give it space and dont rush, its worth it ,,...
Hey traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.93 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
As stated the USD has been working its way down to meet ascending support which is very close now. Im expecting support to hold and the USD to continue higher thereafter. Risk on assets like stocks and Bitcoin likely to reverse and head lower as I believe the recent bullish activity was a dead cat bounce.