Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.07400 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.07400 support and resistance area. Trade safe, Joe.
My bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts....
Dear traders! On the 4-hour timeframe we noticed an interesting candlestick pattern setup. Price action was confirmed high above the 1.2645-1.2650 support level. It is expected that in the near future the uptrend will be more certain, the target is at least in the area of 1.2800 - 1.2850
EUR/AUD is falling towards a support level that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.61539 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.60030 Why we like it: There is an overlap support level which lines up with the 127.2%...
Hey Traders, above is a technical overview on EURAUD and the most important zones to watch, we are watching EURAUD for a potential selling opportunity from the resistance area of 1.63100, We would also like to consider the current DXY weakness for potential dollar strength, the dollar is indirectly negatively correlated with AUD, when the dollar is weak stocks,...
My opinion about this currency pair is clear in the picture. A little up and then down
Weekly: - Hedge position - 3 leg -68 FC - Solid candle close - Very clean and impulsive S&D zone S&D zone where price is tap and go Daily: - Impulse has happend - No Daily FIB C - Seeing momentum is taking of 4H: - Waiting on deceleration - Black line = risk free - Potentially waiting on reversal pattern (-> because we are at selling regions)
CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 114.77 1st Support: 113.03 1st Resistance: 115.88 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
USD/CHF is rising towards the pivot and could potentially drop to the 1st support. Pivot: 0.9096 1st Support: 0.8990 1st Resistance: 0.9150 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
This week am expecting EURUSD to sell. Look for sell opportunities.follow u
Considering the recent movements of this currency in the past weeks, we can expect an upward movement from the specified area
EURUSD is currently at a resistance area at 1.08949,am seeing price has retested again and is forming a double top ,am seeing sells towards 1.08095 and 1.07354 respectively
The EUR/USD pair continued its upward trend on the final Friday of the week, maintaining stability within the price wedge. The outlook remains bullish as the price channel holds firm, and the EMA 34 has begun to show signs of a reversal!
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2707, a swing-high resistance Our take profit will be at 1.2605, a pullback support The stop loss will be placed at 1.2803, which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
EURUSD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short EURUSD Entry - 1.0867 Sl - 1.0916 Tp - 1.0779 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a...
Fair value gap with order block in 15m to 5m timeframe bullish move is
Start this week off with euro to the US dollar as we stated in our breakdown video we are expecting price to give us a form of retracement coming into the beginning of this week daily time frame is bearish weekly is bearish overall the key high time frame trends are bearish. Based on this we have a clear bullish structure on the four hour and hourly time frame...