Another one as you can see the pair is moving to retest a major level which is a good opportunity to go long.. RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance . If you want to take the trade from this levels...
As you can see the pair is moving to retest a major level which is a good opportunity to go long.. RSI is heading north about to get into overbought area, also 38.2% fibo retracement smack at the support area, and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance. If you want to take the trade from this levels...
As i mentioned before if you're looking to short 1.2000 is a good level if the price break from it, and y'all saw that crush, now the price on a major support it’s also right smack at a 0.5% Fib retracement. But if the Greenback will break under it, we should aiming for 1.1700 if you take a look at RSI you will notice moving around oversold area so i expect a...
USD/CHF is testing a resistance level .9750 area of interest, which lines up with not only a falling channel resistance, also with 0.5 fibonacci retracement, RSI in meantime almost in overbought area.. Shorting around the resistance area would give you a sweet reward-to-risk ratio especially if you aim for the previous lows near .9450. But if you think that the...
As you can see, the pair just found support at the 1.6800, Not really surprising since it’s also right at a 38.2% Fib retracement A long trade at current levels could yield around 150 pips if you aim for the 1.7000 previous highs. Also be aware of RBA's governor philip lowe speech If you are not a fan of the pound wait till 1.6800 level break down to short the...
As y’all can see, the pair has been trading sideways recently after hitting resistance at 151.60. The pair could still go higher. And if or when it does, then the pair will likely have enough more than 400 pips based on the height of the flag also it's looked similar to last flag move, this is the first scenario The second one is, try pop up you hot fibonacci...
This setup is too good to miss people!! falling channel still intact on daily time frame, with 112.00 a strong resistance level, also ma boii RSI almost in overbought territory. The price could dive to 108. levels again in a long run, if you're willing to take the trade, your stop should be a little bit wide to avoid the high volatility. i'm gonna upload another...
Are we looking at a support-turned-resistance situation over here? the pair reach 1.1870 after breaking below a rising channel now the price around 1.200 major level. if you're one of the buyers you should wait till the price get back to the channel and test the below line again as a support. if you're looking to short 1.2000 is a good level if the price break...
Alright after the market got into rising channel since the begin of the month, breaks up happened earlier today and now we have a pullback testing the channel line, forming a bullish flag which is a signal to go long again, and give us a chance to involve i expat the market will head north the same height of the formation around 90 pips to test 1.2375, 1.2400 levels
Alright as i mentioned before .8000 is a key level and we all witnessed that crush move, now the market coming back to test same level but you can see got rejected twice on 0.5 fib level, also 0.618 level fit perfectly on .8000 EMA 50 work as resistance. i can assume the odds in USD favor also it's a good trade depending on risk reward ratios. you can take the...
rising wedge breakout ! It looks like EUR/JPY is aiming for more gains as it broke past the top of its rising wedge consolidation pattern visible on the 4-hour time frame. This formation is a little over a 300 pips tall, so the resulting uptrend could be of the same height. If you look close enough RSI is dipping in overbought area, if buyers need gather more...
Make or break for AUD/USD! The pair’s uptrend is still intact, but price is currently testing a strong area of interest at the .8000 Support seems to be holding, so buyers might get enough strength to push price back up to the swing high at .8125. A break below support, on the other hand, could lead to a selloff until the next potential floor around .7850 RSI is...
short-term rising channel it has been holding since the start of the month.
What a breakout ! This signals that the pair could be in for a long-term uptrend from here, but RSI is already dipping into the overbought zone to signal a potential pullback. If so, the broken triangle resistance around the 148.00 mark could be tested before price heads any further north.
RSI is already indicating oversold conditions, which means that sellers might be feeling exhausted from the dive. This oscillator has yet to pull up to indicate a pickup in buying pressure, though. If that happens, EUR/GBP could still make its way back up to the swing high around the .9300 mark. But if the pound stays strongly supported, the pair could find its...