sajastu

sajastu

Hi Traders, As you see, the pair is trading in a rising wedge, and the price has reached the lower bound of the wedge and got rejected. I'm now long on this pair toward the next target, which is the next resistance line.

sajastu

Hey Traders, The currency pair has been vacillating in a sideways channel. I suppose it will continue being in this channel considering the HIDDEN divergence that MACD has given rise to. I'm short-biased on this pair now. My only concern is the cyclic range of consolidation phase which the pair has been into. So, I would recommend to see if the price gets...

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Hi Traders, GPPEUR pair has recently broken out the bullish trendline. The pullback movement confirms the possibility of having a new bearish trend. But to make sure, we will wait to see if the strong resistance line is either broken or rejects the price bearish trend. If it can break the resistance, then we will go long, otherwise go short.

sajastu

Hello Traders, We should be looking for the breakout of / rejection from the resistance level at around 0.77600 level: - IF breakout happens, then we will go long toward the next resistance level at 0.78000 - IF rejection happens (price gets rejected from resistance line), we will go short toward the next resistance level at around 0.77000 Note that if the...

sajastu

Hello Traders, I think that USDCAD is in the 4th wave of impulse as such the third wave has reversed from 161.8% of Fib extension. Plan to buy the pair toward the next resistance lines.

sajastu

Hello Traders, As it's clear, it seesms that the pair is in impulse wave. I'm waiting for 4th wave to terminate, and then will go long toward 2<target<2.618 . Important note: before going long wait for the bullish confirmation for the start of wave 5th.

sajastu

Hello Traders, The price is within a falling wedge, and now after reversing from EMA-50, it is under EMA-200, -50, and -20. I expect the price retracement to the bottom support level, and possibly more to touch the edge of the falling wedge.

sajastu

Hello Traders, I think that the pair is yet stuck within a sideways channel. The only thing we should care about is to wait for a bearish confirmation when the price gets to the "Strong resistance line" level. I would expect to see a couple of bearish candle(s) below the resistance line to go short.

sajastu Updated 

Sell idea for EURJPY

sajastu

Hi Traders! I think the pair is in the correction form of the previous Impulse and is making the C leg of (ABC) pattern now. In addition, we have seen a major breakout from the ascending triangle downside. The pair has also re-tested the resistance line, so there' might be a signal to sell toward our targets. Safe trading!

sajastu

Hello traders, I've got the pair on my watchlist. I think the pair has just completed its corrective wave and is about to start a bearish impulse. As obvious, we are still under the major trendline, and I expect the price roll back from this level to the next support level. Although, if we see a breakout from the trendline, then we'd wait for a pull-back...

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The price is reversed from EMA20. Meanwhile, it's been closed under the Monthly S1 pivot point. In addition, the reversal candlestick is Bearish Engulfing --the bearish candle's close is under the lowest price of the previous candle; meanwhile, it has covered <100% of the previous candle. I think these might be a sign of bearish continuation.

sajastu

Hi Traders, I think after some strong bullish candles, the pair has formed an ascending triangle. Technically, we should expect to have a breakout from upside of the triangle. If that happens, I'll be waiting for a pull-back confirmation, and then I will go long toward the next resistance cluster. On the other hand, if the breakout happens from downside of the...

sajastu

Hi Traders, I think the pair is in the consolidation phase for a while. Being said that, I'm planning to go long with TP1 and TP2 on the pair.

sajastu

Hello Traders, Based on the analysis, I think the USDCHF pair is about to start the 5th bearish impulse wave. Fibo extension ratios also support this claim.

sajastu

We saw a 1H 2-candle strong bullish trend early today. Then the chart got into a sideways corrective phase, forming an ascending triangle. The triangle has been broken out from the upside with a strong bullish candle, following another bullish candle right after. I think the chart might come back to retest the resistance level, and then we will potentially see a...

sajastu

Hi Traders, I think that EURUSD has completed its 5-phase impulsive wave, which is a sign to start the corrective wave (either sideways or downtrend). For now, you can sell the pair (forming "A" leg in the corrective wave.). Another sell sign is that the price has reached a very strong resistance level, and expected to go down.

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Hi Traders, I think AUDUSD pair is in the third wave of its impulsive wave, ready to begin the fourth phase, and then the fifth phase that I'm targeting to go long.