EURCHF has been in a downtrend for quite some time now. Recently broke our trend and technically tells us that it is ready to buy. After the breakout it continued buying without any setback. But the market needed a breather and gave us a corrective move and a possible flag to continue the pattern been broken out of its trend. After a retest we can conclude that...
There is a possibility of a five-wave rise. It will break through the highs upward.
EURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level. Trendline Analysis: Additionally, there...
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The GBPUSD pair has hit a resistance zone and displayed bearish price action on lower time frames, suggesting a potential continuation of the downtrend towards the target levels indicated in the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis...
We have a great trade here looking at the order blocks where price could possible go.EUR/USD climbs above the key 1.0700 psychological level early on Wednesday. Weaker-than-expected US PMI data on Tuesday undermined the US Dollar and fueled the recovery. EUR/USD’s Bear Flag pattern deforms, bringing into doubt its validity. EUR/USD trades just shy of 1.0700 on...
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On this trade idea we have had sellside liquidity purge on the daily time frame i like to use a very strong liquidity point and the daily tf does it for me, after that i just seek agressiveness and basically the 2022 mentorship as entry and find my trade
Hello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here:...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price started to trades in a wedge, where it at once started to rise from the support line to the resistance line. After the price reached this line, at once turned around and made a strong impulse down to the 1.0710 resistance level, which coincided with the...
Hello Traders! Let's delve into the EURJPY daily chart, where an intriguing opportunity is unfolding. The current setup illustrates a U-shaped pattern, resembling a classic cup and handle formation within an existing uptrend. A distinctive U-shaped pattern, indicative of a cup and handle formation. Noteworthy uptrend in the market, enhancing the validity of the...
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A...
If you guys look carefully & analyze the Quarterly Time frame we can see supply has been met. Thus giving us more context as to why prices are lingering in that zone. It’s for the simple fact that the Quarterly EMA200 has been reached. This will imply a Reversal Trend and we might see price go down toward 130 Range. Always Trade Safely and view the bigger trend....
We see the possibility of a drop after the ABC close. It's a flat pattern.
Hello Traders! Hope you are allllll keeping well :) A USDCHF idea for you. CHF is being sold heavily by retail traders. I have been watching this pair for 2-3 weeks and it is finally approaching my POI. My sell zone is a daily supply zone. I have marked a better RR trade, however, i will be taking the trade from 0.917 price. Completely down to you how you...
EURJPY is in a support and resistance zone with double touches, making it little stronger and we can see price tap the second time and if we zoom to the 30mins TF, we can see it clearly. We wait for breakout and retest and we go short