potential short on EURCAD, as price approaches resistance Key areas: - 61.8% fib level - Resistance of descending channel (1.4815) - key previous support around 1.4760 level Checklist for entry: - rejection at 61.8% fib level - rejection at the resistance of the channel - rejection/break under 4H EMA - rejection at 1.4760 previous support level - bearish...
CADCHF recently showed some bullish momentum and broke through the 4H EMA. Price has since returned to the support line of its ascending channel. If we see price reject this support line, fib level 78.9% and break past the 4H EMA, price will likely continue its bullish momentum and hit the 0.7420 area (previus support) Entry check list: - rejection at...
TCS has just given breakout of trendline in 1D time frame. But we should be cautious also as it is on the R2 of Pivot Points. One can go long as soon as it crosses the R2.
Really quite simple. OXTUSD currently trending up. About to break above major accumulation area (currently resistance) that is ranging on the 4hr chart between .3637 (purple line) and .3773 (black line). Past resistance will become future support. But once we break this resistance area , I believe we'll go to the 200 day moving average pretty quickly (like within...
Bearish flag forming on AUD/USD. Will likely see a continuation of bearish momentum if we see price break below support at 0.7350 level. Entry conditions: Bearish confluence among RVI and MACD. Break out and retest of support
given a good flag pattern and a break out with good volumes. if there r strong bullish confirmation above 2670 my sl will be 2344 but i want to enter at 2890 and my sl 2670
GJ has started to drop as expected (see previous GJ Idea) Looking for further down side. AOI marked on chart. If it drops before it reaches the AOI i will wait for the break and re test of structure
The cable is expected to buy to complete wave 5 on the daily time frame A gartley pattern was identified on the 1hr chart. once we see a flag formed after the completion of the gartley pattern on 1hr. the buy is expected to break the previous resistance of 1.42650 on the daily timeframe as tp
Friends I am overwhelmed by your generosity, thanks for the likes and comments, thank you for being so giving and kind, not many people have the virtue of generosity. Analysis on #AUDUSD A simple powerful harmonic bat pattern might come soon and provide a reason to sell the AUD near structure resistance level. Check today analysis below⠀ >>“ Setting your...
The post-Fed rally of EURUSD pokes a two-week-old resistance line as bulls brace for the preliminary figures of the US Q2 GDP, up for publishing later today. While the stimulus news and FOMC constitute a double whammy attack on the US dollar, suggesting the upside of the adjacent hurdle near 1.1860, bulls are likely to remain unconvinced until the quote stays...
GJ has continued to climb but is also showing signs of being squeezed & slowing down. Daily TF is still bearish and i am expecting further down side at the moment
Looking for a 3rd touch of this ascending channel/wedge & rejection of the outer trend line to enter a short position. If this does not happen or we miss it we will look for the break and re test of the pattern which would be the safer entry anyway
Don't underestimate this trendline, if the candle fails to break and close above this trendline, it shows that this will be an amazing shorting opportunity. Even when it breaks and closes above this trendline, I'm not looking for a buying opportunity right away and the reason is that on the 4-hourly chart there is multiple shorting opportunities.
Log Chart to predict future BTC price and current BTC PA
AUDUSD on the daily Timeframe is growing from the support line of the descending channel at 0.73041 towards the resistance line of the support at 0.74474.
Hi guys! 👋🏻 🔔 GBPUSD is about to complete the Ending diagonal pattern to end this correction move. 🔔 There is a Head and Shoulders pattern which is clearly traced on this 4H chart, so keep an eye on that too. 🔔 There are no clear signs of a strong bullish reversal for Pound, although as seen on a larger time frame, it's most likely that GBPUSD will continue the...
Brent oil buyers jostle with 100-DMA while extending the previous day’s rebound from a two-month low, not to forget an ascending support line from late March. Given the RSI recovery from the oversold region, coupled with the bounce off the key support line, the commodity prices may extend the latest upside beyond the immediate DMA hurdle of above $69.00. However,...
Looming concerns over the Delta covid variant probes the UK’s total unlock on July 19 as the infections jump to the highest since January. The same drag the GBPUSD prices to break the monthly rising channel, confirming the bearish flag chart pattern in turn. Given the MACD conditions also supporting the sellers and the RSI line having a bit gap from the oversold...