Harmonic bearish bat pattern is forming on GBPAUD .
Entry point will be based on a current market high - 1.943
Stop - 1.963
T1 - 1.920
T2 - 1.905
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EURUSD has finally broken key structure support and now the market is going lower.
I believe that the next target for sellers is 1.1 level based on the structure on the left.
If you missed short opportunity, try to sell on a pullback.
Entry from current prices, in my view, is very aggressive and risky....
yesterday EURGBP has broken a key structure support level 0.847.
Now I will expect a drop further to at least 0.84 level.
If you missed short you can sell on the occasional pullback.
proposed stop 0.852
a lot of you ask me what is next with oil .
we caught some pips ob a recent pullback from support and currently, I don't have any active position.
The reason is simple: it looks very very vague.
Let me explain to you why!
First, look at the daily.
Currently, the market is retesting the recent structure low...
silver reached an important resistance level
and currently, the price is attempting to break below the rising wedge formation.
I feel the unwillingness of buyers to push higher at the moment.
in case of a 4H candle close below the support of the wedge , the price will most likely drop to 17.91 / 17.76 levels
NZDCHF has reached a very important demand zone .
we have a perfect confluence of 382 retracement / horizontal support / trendline .
I am watching a bear flag formation and will wait for a bullish breakout of it to buy the market.
target levels will be
for trend followers and swing traders, the...
we have a very common picture in trading on a daily chart of EURUSD .
two equally possible scenarios:
from a buyers perspective, 1.107 level is a perfect level to buy from expecting bullish continuation.
for buyers, we have a perfect confluence of 618 retracement level and horizontal support
good morning traders,
this night EURUSD has retraced from the resistance of the rising channel .
now the market reached its support line giving us a perfect convergence with 618 level
and horizontal support on the left.
I believe that now the price may go up to 1.115 / 1.1165 levels.
after a strong bullish movement that we saw at the beginning of January gold corrects itself.
On 4H the market has set a sequence of lower lows and lower highs
and currently, it is entering within a peculiar area from where we can expect a bearish continuation.
for confirmation of our predictions, I am...
a lot of followers have asked about my thoughts on WTI and when can we expect a pullback after a selling rally.
currently, I still have a short trade active from 63.0 level BUT
the market has finally reached first strong structure support and analyzing a price action it looks like
indeed selling volumes are...
good Saturday traders!
yesterday, after I posted the analysis on chfjpy I have received a lot of questions about usdjpy .
thought, in my view, these pairs are currently very closely correlated,
let me share with you my thoughts on usdjpy .
first of all, on 4H the market has recently reached a strong horizontal resistance...
silver is standing on a strong support level for quite a while.
It looks like finally ice breaks and bulls are attempting to break above the indecision horizontal range.
for us, it will be a perfect signal to buy the market.
so let the price close above the range and buy the market...
I am paying close attention to AUDUSD pair.
On a daily we have a nice match between projected harmonic leg and structure support on the left.
+ the market has recently formed a dodji formation so I think that we have a high chance to see a pullback from 0.685 level.
for confirmation, I will be waiting for...
USDCAD has recently been very impulsive and we saw a very good rally from 1.33 level.
Now the market is trading around 1.30 level and I believe that for many market participants it is a very important structure zone.
if we execute a top-down analysis we can easily notice that higher timeframe leaves us clues...
I have received very lovely comments after yesterday's post on gold
and many of you asked me to clarify the picture on WTI.
The first thing to consider is that we haven't seen a pullback for more than 1 month!
Slowly but surely bulls are still keeping pushing the market forward.
I hope you are ready for the new trading year!
I am still on vacation and celebrating Orthodox Christmas today
but a lot of followers are very scared because of recent fluctuations and gold and ask me to clarify the situation.
The beginning of January turned to be very impulsive for many financial...
USDJPY is currently consolidating within a narrow horizontal range.
for now, the future direction of the market is vague.
I believe that the breakout will clarify the sentiment of the market participants.
AUDUSD is coming closer to a strong resistance area .
bulls are pushing the market within boundaries of a rising wedge pattern.
if you want to conservatively trade this setup, the best strategy that you can stick with
1. Let the market reach the underlined area
2. Wait and sell bearish breakout of...