ChopCityBanks

ChopCityBanks

Divergence trade, looking to take advantage of pullback, which lines up to the 382 fib on daily.

ChopCityBanks

Long opportunities on lower timeframe as we have major pull back which I expect some relief. With sights of interest rises and inflation, I can see signs of XAUUSD as a safe haven.

ChopCityBanks

Bullish bounce from support with confluence from fibonacci and bullish divergence.

ChopCityBanks

Technicals ( Bullish ) - Price has just tested Support zone and showing signs of bearish momentum, however the divergence provides confluence for a bullish move. Price is also bouncing off of the 0.618 Fib level, providing another confluence. Fundamentals ( Bullish ) - Dovish comments on the USD from the Federal Reserve (Fed) weaken bullish power of the USD. ...

ChopCityBanks

Technicals ( Bearish ) - Price has just tested resistance zone and showing signs of bearish momentum , the divergence provides confluence. Market is a strong down trend aswell, expecting a breakout of the 8660 area Fundamentals ( Bearish ) - European Central Bank (ECB) signal more quantitative easing, however it is unsure whether this will be effective reducing...

ChopCityBanks

Technicals (Bearish) - Price has just tested resistance zone and showing signs of bearish momentum, the divergence provides confluence. Fundamentals (Bearish) - Increasing speculation around USD rate hike provides more bearish momentum for the pair.

ChopCityBanks

Hi Kingbasho, In response to your comment, I thought it would be appropriate to do this for you. Technical (Neutral): Currently, the bears are in control of this market. I am expecting price to test the 2 support zones highlighted. With regards to the first zone (0.7488 - 0.7505), we could see support here, but I expect price to reach the more significant...

ChopCityBanks

Price rejected major resistance zone, showing signs of a reversal this is supported by reduction of momentum in uptrend.

ChopCityBanks

Now going long on the USDCAD after a second bounce off of the support zone with a pin bar as confluence to the bullish side.

ChopCityBanks

We see a slow down in momentum of the down trend and am expecting a bullish move towards recent support zones, now acting as resistance.

ChopCityBanks

Bulls seem to be taking control now as we see the bears losing momentum, confirmed by the bullish divergence. Good time to go long.

ChopCityBanks

Price came down to a strong support zone, we had a double bottom as well as bullish pin bar providing confluence

ChopCityBanks

Similar to our EURUSD trade, we have hit a support zone and expecting a bounce to the next resistance zone.

ChopCityBanks

We have hit a level of support and expecting bullish price action.

ChopCityBanks

Just hit a resistance zone so expecting bearish movement. The double top gives this move confluence

ChopCityBanks

Expecting bearish price action due to hit of major resistance zone with confluence from divergence showing a slow down in momentum. Remaining uncertainty around the GBP creates a bearish environment fundamentally.

ChopCityBanks

This is a trade that has already completed. Bearish hidden divergence was followed by a breakout of support confirmed movement, a continuation of bearish direction is expected however.

ChopCityBanks

After some indecision around that support zone, a breakthrough confirms bearish movement. Supported by bearish divergence.