OGFXTRADER

OGFXTRADER

Today the market recorded a double bottom, signaling a pullback towards a critical level for a potential deep downward continuation. The bulls will find a descending trendline, golden Fibonacci level, and a supply zone at the critical level. An exciting battlefield where bears might gain control of the game and move the price action to the previous support zone....

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Although much analysis shows a bullish US dollar, the Ninja price action shows some fatigue getting close to a strong resistance level. Additional, checking on DXY daily candles yesterday, it closed with a solid bearish candle forming a tweezer top pattern, unable to break the 90.30 handle for a potential pullback confirmation. Let's wait for confirmation once...

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After the breakout of the ascending channel, the price is finding resistance on Fib golden level 0.618. Confirmation by candles is expected for a bearishness prospect before placing any trade. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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After last week's NFP unexpected red results, the DXY remains under seller pressure- Barely holding on to the 90 handle. A breakout of that level could bring a strong bearish momentum that might get prices around 89.70 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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The price has been trading in a consolidation channel since the first week of May. Finding rejection from the channel's support level the price might get in control of the bulls. Manage your risk properly, and keep in mind today's BOC (Bank of Canada)rate statement and WTI crude oil inventory. -- *** If you like the idea, please don't be shy and click on the...

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The price has reached strong support at 1.0932 handle, although under a sellers' control from a broader view, this level has kept the fort since May 11th preventing the price from visiting lower terrains. Wait for confirmation by candle before placing any entry. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are...

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The pair has been trading under a bearish momentum forming a broadening descending wedge pattern. Trading close to the pattern's descending trendline, acting as a resistance, we could expect a downward movement. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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The American oil benchmark was able to visit higher grounds, testing the 69.37 handle, a level that hasn't been seen in 2 years. However, sellers have shown some control in the daily candles forming a bearish pin bar right after the visit. Let's pay attention to EIA inventory report in about 3 hrs. In case of a correction, the handle about 66.30 shows some...

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The fiber has remained to trade in a channel. Since May the 19th, the major pair has kept this consolidation. Currently, with some room for a deeper retracement towards the support level around 1.2164. It might look like the market will remain without confirmation, waiting for some momentum expected tomorrow with the NFP.

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After finally breaking the strong resistance at the 1.860 handle, the yellow metal has remained in consolidation, forming a bullish continuation rectangle pattern. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***

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- if you know, you know - Usually technical indicators such as MACD, RSI have a correlation with the asset's price action, but when divergence are spotted it only means one thing - something is about to happen -A bullish divergence is a strong BUY signal. Price action forming LL (lower lows) vs Technical Indicator (i.e MACD) forming HH (higher highs)

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Expecting the closing of the hourly candle to confirm bias. Plan A: Uptrend after breaking the handle around 85.147, long entry by the re-test of the broken resistance with TP towards previous swing high. Plan B: hourly candle closing in a bearish tone for short trade confirmation. Target around the ascending trendline. Price action has formed a double top for...

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The pair has reached a major support level from the weakly realm at around 1.2100 handle; last time visited in September 2017. The weekly candle is forming a bullish pin bar, a reversal pattern from the book. We could expect a significant uptrend movement in this pair in the coming trading sessions. Price action traders always look for this critical level, as...

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At the realm of daily candles, the price action shows a period of consolidation, allowing the 200MA to healthy approach the before overextended price. Moving Average (MA) in an uptrend bias works as dynamic support, helping the price to steadily continues the uptrend movement. When the price gets overextended from the MA, it usually snaps drastically. Now...

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EURUSD was able to claim 1% of lost grounds after the unexpected NFP report last Friday. After forming the double top at 1.2178 handle price has corrected. From a broader look, the major pair in a bullish bias. Always wait for confirmation before placing your entry. Define key levels and trade accordingly. -- *** If you like the idea, please don't be shy and...

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LTC recorded ATH, and with the daily candle forming an inverse hammer, it might signal a correction toward the ascending channel's support level. The key level around 250 handle is in confluence with Fib level 0.786. The closing candle today will confirm the short-term downtrend movement. Additionally, the bulls rally of 15 days has brought the price action...

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Last week the market closed with EURUSD reaching the resistance level from the descending channel (clear view from D1). Therefore, a bearish momentum was expected for the major pair. However, the price could gather enough force to break out just to fall back. Price has broken the ascending trendline supporting the upward movement in H1, triggering a sell...

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Since April 12, Binance has been trading within a range. Today the price action has reached 614, which has acted as the resistance level from the consolidation period. It forms a Doji candle at the critical level signaling a correction and downward movement towards the support level from the range. However, price compression on the upper zone could bring a...