Kadra-E

Kadra-E

If AUDHKD takes support on the 5.62 level and breaks out the downtrend line possible to make HH. If it breaks down to 5.62 level possible to go down to 5.57 or more.

Kadra-E

Currently, the JPY index is on a resistance level. Daily and 4 Hour time frame RSI are in oversold level. Also forming divergence. Possible to go down. We can see long trades on JPY pairs.

Kadra-E Updated 

Eth is might be forming the same pattern that we have seen between May and July. If it breaks down to that trend line and 3300 level it is possible to repeat what we have seen before. I think the next strong support level will be between 2900 to 2950.

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BTCUSD is might be forming the same pattern that we have seen between May and July. Currently, rising wedge pattern if it breaks down possible to go down to 41000 or more.

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As I expected just hit the top of the right shoulder. We will see next week if it goes up or heads down to complete the Head and Shoulder pattern. If it is goes down and completes Head and shoulder we can see some long positions on USD pairs. I see this high possibility to goes down. Today USD did some strong moves but I am still bearish on USD!!! please share...

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Divergence and Bearish flag is good sign of Short term trading Idea

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Currently, AUDCHF is forming a bull flag, and if it breaks out Descending Broadening Wedge Pattern possible to make HH and head to the 0.6966 level. Also, If it goes down, 0.6646 is string support and possible to form the right shoulder of the Inverted Head and Shoulder pattern.

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Taking support from 50 EMA and forming bull flag and rising up. It is possible to follow the pattern and take support again and head up to 1.8952 resistance level.

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Barely making HH but made an HL and looking to make HH. Still Bullish on this pair makes HH and Complete Inverted Head & shoulder pattern.

Kadra-E Updated 

Daily Chart: DXY is moving inside Ascending channel. Checked channel lower trend line for 2 days and heading to the upside and forming falling wedge pattern in lower time frames (4 hours). If DXY can't break the 93.2 level it is possible to complete the Heading & Shoulder pattern. Ref: Daily chart: EURUSD is also in descending channel and forming the Inverted...

Kadra-E Updated 

Broke out Descending channel and Started making Higher highs. Possible to make a Higher low on Fib 50 or 61.8 level. 0.7312 is a strong support level and it is possible to bounce from that level. If it shows strong green candles it is possible to go upside.

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Potential Inverted Head & Shoulder pattern forming. Possibly forming the right shoulder of Head and shoulder. The Left shoulder head Right shoulder is almost Over should level in RSI. Right shoulder retracement is on Fib 50%. Still need to go down a little more to complete right shoulder!!!. This pattern will complete when the price hits the 82.0 level!!!

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GBPCAD couldn't break 1.7566 strong resistance level and break down ascending triangle on 4 hours and 2 hours time frames. The next few hours might see some consolidation around the broken level. It is possible to go down to 1.7320 - 1.7315 level. I will update my idea if is see the entry confirmation.

Kadra-E Updated 

Currently, CADJPY is moving inside of descending channel. Recently, checked the Upper trend line and dropped down a little bit, and taking support on 86.57 and forming a potential double bottom pattern. If it breaks the neckline, it is possible to head to 88.0 and more likely 8.427. If it can't break to the neckline and channel upper trend line, it is possible...

Kadra-E Updated 

Possible to bounce back from the 4430 zones. Also if we break the rising wedge possible to goes a little more down.

Kadra-E Updated 

Close to RSI 70% level (oversold). Can't break the 0.903 resistance level. Forming tweezer top candlestick pattern in a daily chart. Brokedown ascending channel and forming a descending triangle. It might be Bearish Reversal. If it broke down 0.8996 to descending triangle possible to drop down to 0.8838 or more. It will be a good confirmation for entry break...

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EUR GBP broke out descending triangle and retesting breakout level. It is potentially trend reversal and possible to reach the 0.871 level.

Kadra-E Updated 

CADCHF is checking long-term down trendline also forming rising wedge pattern. If it can't break the downtrend and break down to a rising wedge possible to go down to the 0.723 zone.