SheenaL

SheenaL

Traders, we're witnessing a potential downtrend on EUR/USD. Here's the setup: ✅ Entry: Look for a confirmed break below the current price near 1.06601, marked by consecutive bearish candle closes on the 1-hour chart. ❌ SL: Set a stop loss above the recent swing high around 1.06812 to minimize risk in case of a price reversal. 🎯 TP 1: Target the first profit at...

SheenaL

Hello Traders! EUR/USD is testing the 21-day EMA as a tentative Support, which might indicate a temporary bullish stance within a broader bearish context underscored by the price's position below the 200-day SMA. Immediate resistance is eyed at 1.07992, with a break above potentially signaling a push towards 1.08607. However, if the pair falls through the...

SheenaL

🚨 XAU/USD Ascending Triangle Breakout Watch - 2H Chart We're monitoring an ascending triangle on Gold, folks. Here’s what we're looking for: ✅ Entry: We need a decisive 2-hour candle close above the triangle's top trendline, currently near the $2,353 resistance level, to consider a long position. ❌ SL: Place a stop loss below the most recent higher low within...

SheenaL

USD/CAD SELL SETUP - 1 HOUR CHART Listen in, traders! Here’s our approach for a sell on USD/CAD: ✅ Entry: 1.35770 level on the 1-hour chart could be our cue to sell. ❌ SL: Set a stop loss above the recent consolidation highs around 1.35909 for a tight risk control. 🎯 TP 1: The first profit target is at the nearest support of 1.35589, where we might see some...

SheenaL

🚨 GOLD (XAU/USD) TECHNICAL ANALYSIS - 2H CHART Traders, we’ve got an interesting situation developing on the XAU/USD 2-hour chart. Here’s the lowdown: ✅ Entry: The price is hovering near the 21 EMA at $2,326, which is serving as immediate support. A bullish bounce from this area with a clear candlestick pattern might be a good entry point for a long position. ❌...

SheenaL

Traders, Analyzing the EUR/USD 2H chart, we're seeing a downtrend with price action below the EMA (21, close, 0, SMA). The pair is facing resistance at the downward trendline and EMA, signaling bearish control. Entry Strategy: Consider a short entry if the price rejects off the trendline or the EMA, with a current level around 1.08575. Target: Set the first...

SheenaL

On the 4H Gold (XAU/USD) chart, we're seeing a constriction of price between the descending trendline and the 200-day SMA. Price is currently struggling below the 21 EMA, indicating a short-term bearish bias within a larger bullish context provided by the 200-day SMA. Entry Strategy: Wait for a decisive break either below the 200-day SMA or above the 21 EMA. A...

SheenaL

Zooming into the 2-hour chart of EUR/AUD, the pair's setup looks promising for bulls. The price is nestled comfortably above both the 21 EMA and the 200 SMA , which is a strong indicator of bullish momentum. With the price consolidating after a surge, we have a classic continuation pattern. Entry Strategy: Look for a buy on a break above the consolidation zone,...

SheenaL

GBP/NZD the 4-hour chart, the uptrend is supported by higher lows, maintaining above the 21 EMA. The 200 SMA is also ascending, reinforcing the positive outlook. We have a series of higher highs and higher lows, a hallmark of continued bullish momentum. Traders should watch the 21 EMA for immediate support. A hold above this level on pullbacks signals ongoing...

SheenaL

On this 2-hour chart of Gold Spot (XAU/USD), we’re nestled in a bullish trend. The price has consistently found support above the 21 EMA, which is draped above the 200-day SMA, underscoring the bullish strength. The recent price action shows a tightening consolidation, forming what could be interpreted as a pennant or a flag – classic continuation patterns in an...

SheenaL

On the 2-hour chart for GBP/USD, we're nestled right at a crossroads. The pair's just broken through a constraining pattern, possibly a wedge or flag – these are typically continuation patterns, and given the recent uptrend, the bias might just stay bullish. The 21 EMA is hugging the price, suggesting it’s undecided whether to keep climbing or take a breather....

SheenaL

XAGUSD Weekly Chart: Silver's like a rocket that just blasted above the the 21 EMA, showing us the uptrend is getting serious. No (200 SMA) here yet, so the path up is pretty open. 4-Hour Chart: It's like Silver took a quick break after a sprint. It's chilling right below 24.486, which is the tough resistance level—it needs to break through to keep...

SheenaL

We're seeing the price flirting with a resistance level around 150.550. The 21-day EMA (the yellow line) is trailing just below the current price, indicating an uptrend as the price is consistently above this moving average, suggesting bullish sentiment. However, the repeated tests of the resistance without a clear breakout might mean the bulls are losing steam....

SheenaL Updated 

Hey Traders, Check out gold price chart with the cool Heikin Ashi candles. Right now, gold's kinda stuck between two key lines: the blue line (200-day average) is like a safety net below, and the yellow line (21-day average) is a tricky ceiling it's trying to break through. We've got some green candles showing up, which means buyers are trying to push the price...

SheenaL

Alright traders, here’s the final scoop on GBP/USD: Current Trend: The GBP is flexing its muscles above both the 21-day EMA (yellow line) and the 200-day SMA (blue line), signaling a strong uptrend. Price Action: Those green Heikin Ashi candles are telling us buyers have the upper hand, pushing the pair up towards our resistance. Key Levels: The immediate...

SheenaL

Check out the AUD/USD chart—it's on a serious uptrend. The price is skating above the yellow line (that's the 21 EMA) like a pro, which is trader talk for "things are looking up." We’ve got a bunch of green Heikin Ashi candles here, and they’re basically giving us the thumbs up, signaling that the Aussie dollar is flexing its muscles against the US dollar. Now,...

SheenaL

Gold is experiencing a resurgence. The price action is wrestling with the 21-day EMA—a bullish conquest of this level could spell a trend shift. The Heikin Ashi candles are green, signaling buying pressure, though I’m sure we’re all looking for a stronger confirmation beyond a couple of candles. Our horizontal supports stand firm, and their significance is not...

SheenaL

Yesterday's news saw a considerable shift towards a bearish market for Gold. The market experiened a substantial bearish candle and breached two supports, as well as a sifnificant rising trend line, concluding the day below all three. The compromised structures now form an extensive supply zone. We anticipate a retest of these broken structures, leading to a...