zilotheman

zilotheman

There are multiple confirmations for this buy trade. Firstly we have the change in market structure. secondly, we have the inverse head and shoulder pattern. Thirdly, we have the break out of the trend line after 3 touches. We can also see price try to break the support zone but it could not. So therefore, we await the retest of the trend line before we go long. Thank you

zilotheman

We can see USDJPY breakout of a bearish channel and retest while also creating a bullish flag chart pattern. we can also see USDJPY trying to break a support zone, there are multiple rejections around there so we expect it to go back to the next resistance zone which will serve as our TP1. The second resistance zone will be used as our TP2.

zilotheman

We know that US30 is currently bullish and its proper to look for buying opportunities. Remember the trend is your friend. we can see price break out and retest a descending channel or a falling wedge. The breakout and retest also created a bullish pennant chart pattern. Looking at the market structure, price failed to create a lower low and then went ahead to...

zilotheman Updated 

Price has failed to break the resistance zone multiple times since 2022. price is at the zone again and we can see the change in market structure to a bearish one which shows us reversal. We can also see a breakout of trend line which also helps us confirm that GBPJPY will be bearish. So we have 3 confirmations now which are failure to break resistance zone,...

zilotheman Updated 

We can see price around a minor support. If price breaks the yellow support zone, we will short nasdaq to the next support zone which is at 10700. but if price fails the break the minor yellow support zone, we will long nasdaq to the previous resistance zone which is at 11600. so let us all watch out.

zilotheman Updated 

From our chart, we can see that USDJPY broke a resistance zone which it has been trying to break for days now even though it broke it once. it same came back to test it multiple times and it has finally broken and retested it. So we are going to long it to the next zone marked as TP2. there is a TP1 so we can take out partial profit. Lets see how this goes guys. Thank you.

zilotheman

GBPUSD has been bullish for a long time now so therefore the overall trend is bullish which means we should be looking out for long term buys or short term sells. We can see that GBPUSD broke a resistance zone which it has tested multiple times in the past. And we know that price moves from zone to zone so we are expecting it to get to the next resistance zone. so...

zilotheman

We can see that price broke a strong resistance recently and it has come to retest the support now so we are expecting it to get the the zone which is at 1.12000. This is my view for EURUSD

zilotheman

We can see GBPJPY reverse from a major resistance zone on the 4H timeframe. The resistance zone has been tested multiple times since December 2022. We are expecting it to reverse to the next support zone which is at 158. it has also been tested multiple times. If price breaks the support zone, then its expected to reach the next zone which is at 155. Also be aware...

zilotheman Updated 

From my analysis, Nasdaq is expected to pullback to that rectangular zone marked out before going bullish. the targeted point is the first touch of the trend line.

zilotheman

Gold created a double top on a monthly timeframe and then broke out of the neckline which tells us that the trade reversal is a very strong one. we're expecting it to drop down to the next support zone which is 1400. on the weekly timeframe, we can see gold break out of a dynamic support trend line then go down to the monthly timeframe neckline, reverse to hit the...