🔸 4H CHART EXPLANATION: . . 🔸Price is on a strong downtrend. . 🔸It has broken the Weekly Ascending Trendline. . 🔸Now, it has broken the counter-trend corrective move. We consider that this pair has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Confluence Zone between the Ascending Trendline and the Support Zone. . 🔸Bullish View: in case price starts an upside move, the first target is the Resistance Zone at 1.79500. . 🔸Bearish View: in case price breaks the zone to the downside, the bearish target is the Support Zone at 1.72000. . 🔸 Will look for a...
Bullish for the week. MACD is about to crossover and it’s above ichimoku clouds. Like if you agree.
Bullish to possible two resistance points. That'll be lots of PIPS! Like if you agree.
Bullish from support. Also could go bearish due to double top. Which way do you think it will go?
I believe USDJPY will be bearish for the upcoming week. Like if you agree.
AUD/USD Bullish All Week. Like if you agree.
My chart features a setup for a potential Gbp/Aud Buy. The top chart shows key support and resistance zones on a daily level. On the bottom chart, I zoomed out to show that price may be at support level for the ride back to the upside. My RSI isn't shown on here but if you're interested you can see there is a hidden divergence. With all of the news this week, I'm...
When we look at the chart we can see that GBP/USD is at a big support level in the past. We will be looking to see if the resistance is able to hold or not. If it is able to hold than GBP/USD could be in for a big drop. Let me know in the comments what you think of it and what your idea is for GBP/USD If you like the idea, don't forget to give it a like If you...
looking for an entry to target 0.91800 after price closing above 0.90650
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price is on a strong downtrend after bouncing at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸The next bearish target is the Support Zone at 1.3000. . 🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART EXPLANATION: . . 🔸Price made a double top pattern with the previous high and bounced there. . 🔸It has also broken the Ascending Trendline. . 🔸The next bearish target is the Support Zone at 1.50500. . 🔸 Will look for a lower timeframe bearish setup.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price broke the Ascending Channel. . 🔸It is now facing the Support Zone at 93.00. . 🔸If this zone is broken to the downside, the next bearish target is the Support Zone at 89.00. . 🔸 Will look for a lower timeframe bearish setup.
Broke through the trend line, I do believe we will head bullish. Like if you agree.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price is facing the Descending Trendline. . 🔸If it bounces, our bearish sceneario leads to a bearish move towards the Support Zone. . 🔸And, if it breaks to the upside, our bullish scenario leads to a bullish move towards the Resistance Zone. . 🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 WEEKLY CHART EXPLANATION: . . 🔸Price bounced at the Weekly Descending Trendline. . 🔸We consider that this pair has bearish potential. . 🔸The bearish target is the Support Zone at 0.81000, however, there is a middle Support Zone at 0.83000 where we need to be careful. . 🔸 Will look for a lower timeframe bearish setup.