4HR ONLY VIEW. - There is a clear parallel downtrend as we can see price respecting both the TL for 2 months. We've found a 4HR Res at 0.9100 and if we look left on 4HR we can see that price reacts around this area previously. We have a bearish pennant also forming which gives us more biased for sales and from the recent swing we can see that the support lines up...
4HR ONLY VIEW. - There is a clear parallel downtrend as we can see price respecting both the TL for 2 months. We've found a 4HR Res at 0.9100 and if we look left on 4HR we can see that price reacts around this area previously. We have a bearish pennant also forming which gives us more biased for sales and from the recent swing we can see that the support lines up...
BUY on Daily Support 61.8 and TL but this move Is far away around at 1.27500
2 min homework - UJ shorts 61.8 and res with TL with some more time could be more to look at
EMA ZONE and FIb reckon could find more info with more time on the chart
2 Min Homework - Think support is forced but couldn't find it anywhere else, fib level, 3rd touch
2 Min Homework - Very wicky for the zones, moves quite far away yet so need to drop down on 4hr
2 Minutes HW - 3rd Touch, Fib Level, Zone Think buys are on as DXY falls
Can't quite find solid enough confluences for that buy bit like trying to catch a falling knife. Would ideally like to see 3rd touch on the TL which lines up in the middle of the zone and maybe my entry could be the head of an H&S on the 4HR and we haven't seen the EURO drop below this level in years. The more realistic trade would be to wait for the pullback...
Won't trade just because the spreads are bad. However, being a very big sell-off on Silver and I still think it is a very good long term buy with it still reaching nowhere near its highs of 54. Silver is approaching a potential long where you have very strong support and it also fits in with our pullback on DXY. We have the EMA, 61.8 from the wick and very...
We've seen a very bullish DXY this year with no real correction at all and DXY just hitting a recent high at the monthly resistance from a technical point the DXY is due a correction and even fundamentally we had the election in 2016 and covid in 2020 they're the only times we've seen DXY this high since 2003. So I think if we still see continued bullish momentum...
Monthly TF Monthly Key Level is around 0.82770 and has not dropped below since 2015 also lines up nicely with weekly support as we can see huge rejections from it. Weekly TF We can see the downward channel that EG is currently bouncing between TL. EG is currently approaching weekly res so realistically would expect it to reject as it also lines up nicely with...
Testing the weekly resistance but a correction is needed with all the bullish move
For this pair a big pullback is due but again all depends on the Ukraine War, pair has only broken this level 4 times. Brexit, Greece's economic collapse and covid. There is a big double top played out monthly but could be a huge chance for us to catch the double bottom potentially forming on the monthly and we also have the weekly/monthly TL supporting buys and...
USD CAD - Big Double Top could play out if that sup breaks. Entry would be break of bullish TL and Fib and enter on the retest of the bullish TL