hello freinds
this chart we shows that this market will know a downtrend on next days when i recommend Selling with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
The falling wedge pattern can be seen here. upwards breakout was given, but the price came back to retest the breakout region.
Price made a double top, and double bottom, after which it broke its support.
if it bounces back then one can say that it will go towards its target, if the bounce fails then it will go down in the wedge again.
*News: Winters will be...
Hey everyone, the pound is pulled up from the support level 119... the price will test the next resistance level of 121 and from this point either it'll break or it can slightly pull back to stay inside the falling wedge, regardless I think for long term the price will most likely rise.. Price can hit 126 if we see strong divergences using Macd..
Good luck...
BXY weekly might have a bearish closure as this morning star pattern have appeared, most of the time the next candle is usually bearish (70% of the times ish). This bearish candle might hit 121.85 area before a continuation and hit the psychological level 130.00. Clean level with good res/sup history. Overall BXY bearish, but a such big retracement could...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
We can make a case here that this correction might be done but at the same time, I don't have enough data to back that up.
If we get an impulsive reaction out of here on the lower degree then I'll be more confident in that case, if not I am looking for another leg down into the Daily Support area which coincides with the Golden Zone.
April favors Bulls..!!!
interesting Fact for the month of April is when first week of April closes a red candle
then 5 out of 7 time bulls have taken control
plus we have bullish divergence on weekly charts
and a possible Double bottom
buy on dip recommended
The 130.00 was a surprise, shattering, and ugly for the resistance at 138, so she will go there, soon. But for now, the price will move up for some joy.
Brent oil prices will increase then.
There is a chance for the BXY index to rise or fall. This will be determined by the fundamentals that might be coming up. It is a good idea to stay alert on the GBP movements. Anything can happen. The best way to stay intact is to follow what the GBP Currency crosses are giving to you and exercise good risk management.
Hi
BXY is bullish, but it's not clear how bullish because it is within a bearish zone.
The candle structure upon the 0.5 Fib has support from 135.39, but it seems weak.
-The 136.84 is the nearest target for BXY.
Happy Trading...
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being...
After Creating W on the Weekly Order Block, there are some up coming long trades to be taken through Order Flow plus BTMM
One is a reversal off the H1 Bullish Order Block(turquoise) which is highly possible as that's an Immediate 4 hr ID50
The Other is a reversal off the H4 Bullish OB(Blue),Also an ID50 but would have trapped for lower liquidity targets then leave
