Trader-Berke

Trader-Berke

There is a clear head and shoulders pattern on the daily chart. Lower time frames also support a bearish bias. The beginning of the right shoulder presents a great entry point. It is also a great opportunity for mean reversion traders.

Trader-Berke

Prices are forming mitigation block on the 4-hour chart, and I expect prices to fall.

Trader-Berke

A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.

Trader-Berke

In the EURAUD 4-hour chart, prices made a retest, also known as pullback, to the broken resistance zone. This zone also corresponds to the Fibonacci 0.382 level. The uptrend may continue from where it left off. This is not an investment advice!

Trader-Berke

As you see there is a Head and Shoulders pattern happening. Plus, if you check economic calender you will see 7 positive reports for USD. Which means both technical and fundamental analysis in the same direction. I opened a swing short position. My target will be 1.08600 or even more. Good luck!

Trader-Berke

As you see a perfect Wolfe pattern occured. Usual TP is 1970 in this pattern. Plus, there are many divergences happening right now. This is a great opportunity to open a buy position. Enjoy profits next week!

Trader-Berke

USD is oversold against CAD and currently undervalued. There is a huge RSI divergence too. I am waiting bullish movement. At least 1.33 is good TP.

Trader-Berke

Hi folks, I have been waiting for a long time to open a strong short position for GBPNZD. The time has come! Prices reached resistance level in daily chart. At the same time you can see strict RSI and CMF divergences happening now. News support short position too. My TP is 2.01 but you can make it 1.97 to earn more money. Good Luck!