Market Overview: At the 4-hour time frame, AUDUSD exhibits a robust Bearish Trendline Channel, suggesting a prevailing downward momentum. Currently, the currency pair finds itself positioned at a crucial residential level, adding weight to the potential bearish outlook. Entry and Stop Loss: Based on the analysis, a strategic entry point is identified at...
USDCHF is testing its resistance area after forming a double top. A Bearish Divergence is an additional confluence to our Bearish Bias.
The GBPUSD currency pair has recently completed the formation of an XABCD harmonic pattern, with a notable rejection observed at point D around 1.2580. This rejection signifies a potential reversal in the price action. Presently, the pair is consolidating within this region, suggesting a period of indecision among market participants. Our analysis indicates a...
Entry: Short position recommended upon retest of 1.25800 support-turned-resistance. Stop Loss: Place stop loss near 1.26200 to mitigate potential losses. Take Profit Targets: - TP-1 : 1.25390 - TP-2: 1.24980 Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management. Disclaimer: Trading forex carries high...
Overview: CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of...
Gold (XAUUSD) Analysis @4hrs. Gold may Retest its previous support level at 1956 and then the Bearish move will continue. Gold has just shifted from Ascending to Descending channel.
An inverted head and Shoulder pattern formed and the price moved up. There is a Buy opportunity at the breakout of the resistance level.
We have witnessed an inverted head and shoulder pattern. The resistance level has been breached which indicates a clear Bullish Run.
Trade Plan: Wait for the Price Re-Test near point H. If the price is not able to break the Resistance (Previous Support) then wait for a Strong Bearish Candle Closure and then place an order. Place an SL above the Resistance and TPs at 1:1, 1:2, and 1:3. If it breaks the Potential Support 1, then the price may go down to Potential Support 2 and 3.
USDJPY Short Opportunity: Entry: 142.820 SL: 143.550 TP-1: 142.120 TP-2: 141.550
Buy Stop: 1.2540 Stop Loss: 1.2490 TP-1 : 1.2590 @ 1:1 Risk / Reward Ratio TP-2: 1.2640 @ 1:2 Risk / Reward Ratio
AUD : CHF Bearish Trend Continuation Pattern @ 1hr Entry Price: 0.59650 Stop Loss: 0.59970 TP-1: 0.59330 @ 1:1 Risk/Reward Ratio TP-2: 0.59010 @ 1:2 Risk/Reward Ratio
AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD). You can buy at 25.150 price point. Place a Stop Loss at 24.760. Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
Account Size: 9000 Lot Size: 0.20 @ 1% Risk Entry Price (Sell Stop): 0.87701 Stop Loss: 0.88069 TP-1: 0.87312 TP-2: 0.86935
EUR/AUD 1 hr Bullish Rectangle Pattern Account Size: 9000 Lot Size: 0.1 @ 1% Risk Entry Price (Buy Stop): 1.62650 Stop Loss Price: 1.61360 TP-1: 1.63945 TP-2: 1.65230
CHF/JPY - Cup and Handle Bullish Trend Continuation Analysis Account Size: 9000 Lot Size: 0.11 @ 1% risk Entry Price: 144.292 Stoploss Price: 143.222 TP-1: 144.270 TP-2: 145.440
Account Size: 9670 Risk: 1% Buy Stop: 6.4 Stop Loss: 5.95 No. of Coins: 215 TP-1: 6.9 TP-2: 7.4
USD-HUF Double-Top Analysis: Bullish Trend will be converted into Bearish and the Divergence was seen. Sell Stop level is at 369.900, Stop loss at 380.400, TP-1 will be at 360, and the TP-2 at 350.