EURGBP is finding support inside it’s most recent breakout level. I’ll be watching the 15min-1hr chart for enter, when bullish momentum picks up.
The pair is showing weakness & divergence on the 4 hour chart's 2nd retest of the most recent downside break. This is a short entry signal.
This is the same setup we saw when USDSEK fell last week. Profit target is the purple line.
The pair is still Bullish. I'm currently awaiting a pullback to enter again, expecting a move to new highs, as long as my white diagonal trend holds.
Suppy & demand zones forecast for those who enjoy trading zones. Zones are marked at clear horizontal & also diagonal support levels.
I'll be shorting any weakness on the 1-4Hr timeframe.
EURUSD has seen a huge bounce off the all time lows over the last few weeks. I'm taking a short position for now. Just closed my long last night. I am long-term bullish, selling for now until a retest of the most recent demand zone. The weekly chart reverse head & shoulders pattern I posted about a few weeks ago, is holding so far. Expect to be able to enter long...
The monthly has been in an uptrend but it has been broken. Be watchful near the most recent low, as price may find support. However, if we can hold below the 0.84000 level, we will retest the all time low area of 0.61441. If we hold above 0.84000, expect a retest of the high around the 0.99300 area.
Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control. The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by...
I was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride... Going to go through the list of pairs I'm...
Same as GBPUSD. 3 horizontal touches signals strong bullishness. I'd like a break & hold of the RED diagonal line for confirmation. Profit target & reversal expected at my RED box. Enter long pretty much anywhere here & money should be made for the next month or 2. This is a chart I'd call for a reversal on, with the potential to retest the top.
Still thinking the same about GBPUSD. Price is bouncing off WEEKLY all time lows. I wont say it's a reversal, but it's sure going to need to bounce higher for a few weeks. Even if it breaks the low, it should't go too far. With all this global drama going on, it would have fallen by now.
weekly demand level just sitting there waiting to be bought. look at the volume! take profits at the midline or top...
The pair is still in an uptrend. This was the 3rd touch on the bottom trendline. This is your rent money setup.
Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should...
GBPAUD made a gap last week & failed it. Game over for this one. We are in a divergence heaven at this point...make sure you get paid from this recession. It's not a recession. It's big investors taking profits like always. Myself & hundreds of other traders called a bear market last year. Let this year be the year you learn to read charts & become a pro!