aylbfx

aylbfx

We've reached the top of a channel that has been forming since October 2019 and we're decreasing in volume indicating a potential reversal of the impulse since Early November. This could mean a correction, short term to the middle of the channel before bouncing back off to the top or continuing to the bottom. I'd give this a short leash to see how this level...

aylbfx

On the top we have a long term trendline from 2007 that has been touched twice. We are also sitting right under a Supply zone from early September. Looking at the weekly chart, we can see some rejection from this zone and on the daily we saw two days of bearish activity with increasing volume, but last week was a major holiday in the states. I think this trade...

aylbfx

We've reached the bottom of a downward sloping channel and a previous resistance level from February, now support. Using Fibs from the top of this trend, the pullbacks have been to the 0.5 level at least, which leads me to believe we'll do the same at this level, if not a little further to the top of the channel before an impulse down again.

aylbfx

✅ Price Action: The bullish candle bodies have been decreasing for the last 3 days and yesterday we saw some rejection near a previous top from two weeks ago and about 40 pips away from a 3 month high trend line. ⭐️ ✅Resistance: The price is currently at an established daily resistance. ✅Trend line: The price has shown a second rejection near a trend line that was...

aylbfx

This is a high probability trade with an almost 6 year trend line that we broke out of this month sitting on a well tested formerly supply zone, now demand. That's it. Simple trade. 😇 The Daily price action appears to be slowing down so should be primed for a buy right at the trend line. Set your TP wherever you like but I'll probably set the initial TP at 73.5...

aylbfx

Looking at the previous price action of EURGBP we should have a pretty quick trade coming up (here?). For the last 69 (heh) days EUR dropped to a previous support level since around April of this year. Where the Magic is and what gives me confidence in this trade is a bullish trend line from 2016 is approaching this support level at the same time as the price in...

aylbfx

Early Aug 2020, this pair started a descending channel that has repeated multiple times. Price action mixed with increasing oil prices leads me to believe EURCAD will be bearish for at least two weeks as it falls towards the bottom of the channel in a correction pattern as it only took a little over a week to reach the top of the channel. This could be momentum...

aylbfx

We have a channel formed over the last 2-3 years and we have just tapped the bottom on the weekly chart and observed an almost perfect hammer with increased amount of volume compared to the last 8/10 weeks. If we look on the lower time frames, price decreased rather quickly, 22 days to the bottom vs. 33 days to the previous top of the channel. This leads me to...