– Previous Weekly candle closed weak Bullish at 1925.400 forming a Rejection to the upside around 1947.400, Friday Daily candle closed Bullish forming Daily Support around 1919.100. – Buys on close above 1928.300 targeting Daily Resistance formed around 1933.800, Leaving Runners to the Weekly Resistance formed around 1940s. – Sells on close below 1923.900...
Here is my latest structure analysis & key levels to watch next week on EURUSD. Horizontal Structures Support 1: 1.0630 - 1.0635 area Support 2: 1.0516 - 1.0545 area Resistance 1: 1.0717 - 1.0737 area Resistance 2: 1.0755 - 1.0775 area Vertical Structures Vertical Support 1: Lower boundary of a falling channel Vertical Resistance 1: Upper boundary of a...
Though the pullback throughout the week till fomc, we see that USD still made higher high,trend still intact,just take note of the overhead R **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups...
Space is a important concept to understand as can be played in numerous ways from different angles At the moment theres no space on XRP 3d chart between the 9ema and 200ema. Or relatively little. I think of this like the theoretical big bang. Once something is too condense then expect an explosion at some point where asset price volatility expands out. Not...
The amount of money that is now used in gold, is high compared to the last time we reached the 2050 range. Last time we went down much faster and touched a bottom around 1600 range, which was a lower low after a higher high at the time. The retest on 2050 was last May and since then little volume has been lost, which means that we may even experience a new ATH...
Hey Traders, in the coming week we are monitoring USDJPY for a buying opportunity around 147.5 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 147.5 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.9 zone, USDCHF was trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
USD/JPY - H4 Chart - Rising Wedge Pattern formation Price need to Break the Trendline and Retest wedge Pattern and after strong Reversal formation, we take entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never...
Here is my latest structure analysis for USDCHF. Resistance 1: 0.910 - 0.915 area Support 1: 0.899 - 0.902 area Support 2: 0.893 - 0.895 area Support 3: 0.886 - 0.888 area Support 4: 0.874 - 0.878 area Support 5: 0.869 - 0.873 area Support 6: 0.855 - 0.858 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like,...
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, Currently we are waiting for a breakout and dips below the 0.59500 support area to see a potential retrace of the trend towards more lows. Trade safe, Joe.
The USDJPY pair is trading inside a Channel Up since the January 16th market bottom. The last Higher Low wasn't only supported at the bottom of the Channel but also the MA100 (1d) and Fibonacci 0.618 level. This is what happened on the August 2nd 2022 Low, when the pair was again trading inside a long term Channel Up. Trading Plan: 1. Buy on the current market...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.23800 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.23800 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.06900 zone, EURUSD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.06900 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64600 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.64600 support and resistance zone. Trade safe, Joe.
My bullish stance on Gold still remains the same. Yesterday when Gold sell's got closed out, the bullish momentum violated a lot of structures to the upside, indicating a possible change in direction. As long as Gold remains above the last low of $1,901 I am still bullish. However, if Gold breaks back below the low of $1,885 we can go back to looking for our...
Is Gold getting ready to surpass its current high & reach a new one? Very high possibility! Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move! We've seen a Wave 1 & Wave 2 completion on the 12HR TF, followed by a...
Dollar Index is currently testing a significant resistance cluster 104.85 - 105.50. The reaction of the price to that area will determine a further direction of the Index. Bullish breakout of that and a weekly candle close above will confirm a long-term bullish reversal, with a highly probable consiquent bullish rally. Alternatively, watch a rising parallel...
The U.S. Dollar Index is rising on an almost overbought 1D technical timeframe (RSI = 69.699, MACD = 0.650, ADX = 30.040) supported by a HL trendline. Following the 1D Golden Cross (first since July 26th 2021), it is now facing the most important Resistance for the long term, R1 at 105.900. We will go long if a 1D candle closes over it and target the R2 level (TP...