I think if the price close above the 1.6246, we can enter a buy position in pullback
If the price can stabilize above the current support range, it can start an upward trend. Otherwise, with the failure of the support range, a long-term corrective and fluctuating trend will be formed
According to the structure of the upward trend, it is expected that the continuation of the upward trend will be formed up to the previous ceiling range
It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend. Breaking the resistance trend line will confirm the upward trend. A break and consolidation below the support zone will confirm the downtrend
Week 3 - Monday Morning Analises on EUR/USD This is not financial advice
In the area at H4 timeframe, we can look for the Sell position
Daily - bullish. price is above R1 so I am not too keen on going long right now. if I get an entry to long AU, I will look to book quickly. Origin -**0.66857 - 0.66465** is the zone to look out for. bullish if price holds above this zone. if price drops below then I will look for buyers to step in around this zone.
The trend of the chart in H1 timeframe is upward we can think to buy position from the specified areas.
Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart We see that the 5-wave small structure has completed on the H1 frame after which the price entered the corrective wave abc. - Looking at this correction structure, we see...
Hello,Friends! EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Hello,Friends! We are going short on the EUR/CAD with the target of 1.478 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
AUDCAD can go up, will keep the tight SL, keep an eye on the corrective move.