Last week's pullback from the 2185 resistance zone resulted in sideways movement instead of a clear pullback. The market remains within the range established on Tuesday. If OANDA:XAUUSD falls lower, a complex pullback could form. On a daily timeframe, this may resemble a fakey bar setup that involves a level rejection and support level bouncing. I expect the...
The price is testing the resistance zone. FX:USDCAD is moving sideways on the 4H timeframe. The market has reached a strong resistance zone on the D timeframe, which suggests that we may have a pullback from the resistance zone. There is high-impact upcoming news we should be aware of that can shake the price in any direction. I expect a pullback from the...
The market tested the resistance zone twice, then pulled back to the support level. FX:EURUSD is moving sideways. If you notice that the price action formed a range, it broke it only after it formed another range zone. On the weekly timeframe, we have an inside bar. I think the market might retest the middle of the range zone, which is going to be a liquidity...
The price bounced off the border of the channel and broke through the range zone. I think the price may go down to the key support level at 110.000, then potentially move higher. The long-tailed bar at the resistance formed on the 4H timeframe suggests that the FX:CADJPY may update swing higher highs and higher lows. The price is moving sideways above the...
The psychology of chart analysis is the ability to quickly find patterns and key levels on a chart. It is the ability to quickly switch timeframes and see the main trend. But traders often fall into the other side of the equation. They turn into hypnotized people who do not take their eyes off the magic of charts. The trader hypnotizes the chart and the chart...
The price bounced off the support level. OANDA:XAUUSD is ranging by forming a traingle pattern. On the daily timeframe, it is an inside bar formation. The price might continue to range because we had a big bullish move. I think the market may keep moving sideways between 2150 and 2185; it could be the continuation of the price squeeze (triangle pattern). I...
The price perfectly fulfilled my last idea. It hit the target. The market pulled back to resistance after a breakout of the range zone. FX:GBPNZD broke the previous resistance zone, which is the support level now. I expect the market to fall from the resistance zone and the border of the upward channel. On the 4H timeframe, the price is below the key resistance...
Yesterday, news came out more positively than expected, which resulted in an increase in CAPITALCOM:DXY . Because of that, the market went lower, and bears pushed the price toward the swap zone. FX:EURUSD lost a moment at the support level. Therefore, I think the market might move up because the price bounced off the level before. Overall, I think the trend is...
The market is heading toward the resistance zone after a triangle breakout. FX:USDCHF made a strong bearish move on the 4H timeframe. Overall, the market is pulling back after an impulse move. Price action made the impulse move from the resistance level before, and now the market is heading toward that resistance level. I expect to grab liquidity near the upward...
The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD is pulling back after the retest of the resistance zone. The price is moving sideways. Price action made higher lows and lower highs, which suggests that price is squeezed. I think the market may test the support level and move upward; if the price rejects the support level, then most...
The price perfectly fulfilled my previous idea. FX:EURUSD bounced off the resistance zone but did not reach the target level yet. It took out the highs and pulled back, forming a swap zone. The market is in range on the 1H timeframe. It is squeezed. The price impulse move broke the range zone with a big bullish candle, showing the significance of the support...
The market made over 10% in the last 3 weeks or so. Everybody expects that OANDA:XAUUSD will continue moving higher. It is possible that the price may retest the 2250 level. However, the current situation tells us the gold might pull back. On the daily timeframe, the market reached the massive channel border and made a fake breakout of it. Price action made...
The price perfectly fulfills my last idea. The market moved upward and hit the target. FX:AUDJPY fell from resistance, tested the support level, and bounced off it. Currently, the market is in a downward channel, and I think it will break it and go up because the main trend is bullish. It got back to above the 97.500 level after taking liquidity below. I expect...
The market pulled back toward support level after bullish move on the daily timeframe. FX:GBPNZD broke the previous resistance zone which is support level now. It is curretnly moving sideways which suggest indecisions in the market. I think pthe price may retest the local low and then move up. Below the support we have strong 2.07000 as well. I expect trend to...
The price reached the target zone in my previous forecast, but before that, the price went lower towards the swap zone. FX:EURUSD moved higher after breaking a previous high. It is heading towards the next resistance, where we had a bearish movement before. The price will most likely move sideways in anticipation of the NFP. The market has lost momentum near the...
The price perfectly fulfilled my previous idea. It bounced off the resistance zone and hit the target level. The market is heading towards a support level. FX:AUDCHF updated its highs and broke a level that forms a swap zone. It is pulling back to the swap zone after breaking the range zone, creating an opportunity to buy. I expect growth from the swap...
👋 Hello forex traders! It is unlikely that you will find a single beginner in the Forex market who would not know what a fractal is. And even outside the market, many people have heard about this concept. Fractals have been known for almost a century, are well studied and have numerous applications in life. Fractals have been used on financial markets for quite...
The market fell from the resistance zone. FX:GBPAUD broke through the support level and updated its lows after breaking out of the support level at 1.94000. It pulled back to the level and upward trendline. I think the market might go down to test support. My goal is to support level at 1.92925 Traders, if you liked this idea or if you have your own opinion...