Buy now, take profits untill end of next week .........................................................................
Ascending Broadening Wedge Breakout Has Already Done Expecting Another Bulish Impulse
Zoom the chart to see clearly . Gold is going up strong within the channel now. This analysis is based on the daily timeframe: in the daily timeframe, an inside bar candlestick pattern has formed, signaling the bullish continuation of the market. Your stop should be below the small horizontal line and target the high of the market, the 1811.01 level.
Prepare for the strong fall of AU. Except this to happen beginning from the coming week till next year. The analysis is taken from the weekly timeframe while the H4 is used as an entry chart. Your stop loss should be above the blue horizontal line. Take profit from those red lines, the levels I drew out. The strong trendline has been broken, and the market could...
Please zoom it to see clearly . Why go short on BTCUSD? In the H4 timeframe, the price has shown strong bearish movement by way of breaking the trendline and the level of 1.16765.81. It's going to 1.16052.89. Stop loss should be at 1.16912.43
Hey traders, This week we spotted a confirmed structure breakout on GBPUSD. We were patiently waiting for a retest of that to buy the pair. Our confirmation was a double bottom formation on 1H time frame. Long trade was opened on a retest of its broke neckline. The price quickly bounced, giving us 70 pips of a pure profit. Great winner and nice...
EURGBP is trading in Descending Channel Pattern, According to chart pattern analysis, we might see downside in EURGBP till support level shown in chart. trade with stop loss and own capital risk management. views / opinions are welcome to discuss.
CADJPY has given breakout from Ascending Triangle pattern as show in chart. According to chart pattern analysis we might see upside in cadjpy towards the resistance level. trade with stop loss and own capital risk management. views / opinions are welcome to discuss.
Bought EURCAD Entry 1.4435 Tp 1.4515 (80 pips) TP2 1.4620 (185 pips) SL 1.4365 (70 pips) NOTE: This is a pure technical analysis trade. Daily chart showing a strong bullish momentum trade well above the EMA. EMA crossover at 1.3141 price. Going to the 1H chart, it show a clear break of previous resistance.
Hey Everyone, Closing off the week on a nice high today. As mentioned yesterday price was testing 1777 support structure and we were looking for the structure to hold for a push up. This played out perfectly. We jumped in adding long positions from the bottom confirmed with our signal target and layered all the way to the H4 MA21 touch right into our entry zone...
On the D1 timeframe, prices are facing bullish pressure from its support area at 1.05500, in line with the 38.2% Fibonacci retracement. The throwback to this zone presents an opportunity to play the bounce to the next resistance target at 1.07900 , in line with the 78.6% Fibonacci extension. Prices are lying above the Ichimoku Cloud as well, supporting our bullish bias.
The U.S.Dollar/Canadian Dollar made a Descending Broadening Wedge and broke the upper line of it. I expect U.S.Dollar/Canadian will go up at least until the resistance zone. 🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is...
On the H4 timeframe, NZDUSD is ascending within a bullish channel. On 13 December, price spiked upon the release of softer than anticipated US CPI data, and came to test the 0.64550 where significant indecision can be seen between buyers and sellers from the ranging price action. Sellers eventually won out on the back of fundamental fuel on 15 December when a 50...
U.S.Dollar/Swiss Franc was able to complete the falling wedge pattern on the support zone. I expect the U.S.Dollar/Swiss Franc will go up until the downtrend line & important trend line. 🔅U.S.Dollar/Swiss Franc Analyze (USDCHF) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy,...
The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above...
EUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the...
On the monthly TF price closed with a bearish shooting star formation with a potential wick to fill, price has now removed all the stops above the high of the previous week and has trapped bulls into the market. On the LTF we can identify areas of liquidity with a huge double bottom and Asia session imbalance to fill. I am waiting patiently for the high of the...