The price perfectly fulfilled my last idea. It hit the target. The market is updating the swing highs and higher lows. The price took liquidity below the support level at 0.88300, then broke and fixed above the level. The price made a pullback after an impulse move upward on the 4H timeframe to retest the support level. Today we have high impact news that can...
The price perfectly fulfilled my last idea. FX:USDCAD is heading toward resistance after a complex pullback. The market rejected the strong resistance zone on the 4H timeframe, and probably it will reject the resistance and fall because the market is basically ranging around the 1.35000 key level. The price action made two impulse moves, which show the strength...
👋 Hello, Forex traders! In a market situation, swap zones in trading are formed as a result of a change in market direction. When the trend changes, the price often returns to the previous support or resistance line. This is due to the fact that participants often use the lines as reference points for trading decisions. Swap zones can be used by traders to...
The market moved up and closed above the resistance zone. FX:CADJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 111.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then an upward move toward recent resistance because the market is updating swing highs and...
The market went up, then fell from the resistance after news releases, which formed a fake breakout. A potential breakout turned into a fake breakout. OANDA:XAUUSD rejected the resistance, then made an impulse leg down. I think the market will move downward, creating a two-legged pullback. Alternatively, it may form a range because markets usually go sideways...
The price has reached the resistance zone and then fallen from it. FX:GBPUSD has broken through the resistance levels and range zone by making impulse movement. It is moving towards resistance, but it's important how it is approaching that level. The market is losing momentum near the resistance zone. I expect to form a fake breakout of the level and roll back...
The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD rejected the upward channel border, then made the impulse leg. It formed a huge, long-tailed candle on the daily timeframe. It suggests that the market will make lower lows. I think the price may test the upward trendline, then roll back towards support from the resistance zone. Grab...
The price perfectly fulfilled my last idea. It hit the TP level. On the 1H timeframe, OANDA:XAUUSD formed a range zone and broke above it. The market broke and fixed above the pattern and the 2030 key level. The market formed a doji candle on the daily timeframe. I think the market will try to move above the doji candle to retest the daily resistance zone. The...
The price perfectly fulfilled my previous idea. FX:USDCAD is approaching the support level on the daily timeframe. The market made higher, higher, and higher lows. Another thing worth mentioning is that price action is ranging on the daily timeframe, and therefore, price action will probably stay in the range zone, bouncing off the support and resistance levels....
The price perfectly fulfilled my previous idea. It reached the target zone. FX:EURUSD moved higher after breaking a previous high. It is heading towards key resistance, where we had an impulse movement before. The price will most likely bounce off the resistance if we get a rejection candle. Another sign to sell the market is going to be a loss of momentum near...
The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the relatively strong resistance zone at 2030-2035. The market has pulled back from this level before. It created a massive impulse leg. The price formed a potential bearish divergence at the resistance and border of the channel. I think the market might pull back from the...
The market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe,...
The price perfectly fulfilled my previous idea. It reached the target zone. FX:EURUSD broke and fixed above the previous resistance on breaking through the range. The market made a new extension upward. If the price makes a pullback toward the previous level of support, most likely it will bounce off it because the market made a higher close on the 4H...
The gold market appears to have experienced a period of decline, as I wrote in my last weekly market outlook, reaching the 1980 level before rebounding to the 2000 key level and closing above. This indicates that OANDA:XAUUSD is trying to establish support at the 2000 level. We can see that it rejected the level and bounced off on Friday. Going forward, the...
The price perfectly fulfilled my last idea, and it went down to support and hit the target. FX:AUDUSD broke through the range zone and made new extension up. It bounced off the key support level at 0.65000. I think if the market pulls back to the support zone and makes a fake break at support, then price may go up because price is gaining bullish momentum by...
The price perfectly fulfilled my previous idea. It reached the target level. The market bounced off the demand zone. FX:EURUSD made a weak lower low, which suggested that bulls took control. Price action formed double-long-tailed bars on the weekly timeframe. We can see that it took liquidity below 1.07000 and then rebounded. The price is also forming a...
The market broke through the range zone, which is the accumulation zone. FX:GBPUSD has broken through the resistance that became a key support level at 1.26000. The price is heading toward the 4H resistance zone. On the daily timeframe, the price broke the inside bar. If the market rolls back to the support level and rejects it, we can look for a buy signal. I...
👋Hello traders! In this post, I would like to introduce you to the VWAP indicator, which is used by major market participants in their trading. Moving averages are one of the most popular basic tools of technical analysis. More than 10 variations are known: EMA, LWMA, etc. All of them, in one way or another, use the same principle of data averaging; the...