As you can see the current daily candle makes a breakout above yesterday's high of 1.6117. The last 3 candles on the daily chart closed above previous high and additionally the price made rebound from the support trend line (started from July's 2017 high on weekly time frame). That's mean that the price may test next resistance at the level of 1.6181. On the...
On a daily chart we have correction in a form of "ugly" triangle. Three candles ago the resistance line was breakthrough and now the price tests it. Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515. Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level. To this we can add a very typical "phenomenon" in...
Amazing set up formed on the weekly timeframe where price has broke above the descending Tl forming a new HH and completed a 5th wave in the higher timeframes after a retest to that previous mentioned TL that lines up with MP fib level Detailed Signal on our Telegram channel : t.me
Well seems like price has finally leaving that long weekly/daily range where it has been holdin for 3 weeks breaking the desceding TL (top of the flag ) breaking and closing in the daily tiemframe above the key level of 1500 forming a new high right abvoe the strong FIB MP of 61% and 38%if price keeps above 1505 we might see a push to the 1520 area Detailed...
Another simple set up where price just went for a retest to that ascending TL that is part of that big monthly wedge and if we go into the lower tiemframes we can see how price is creating HH and broke previous bearish structure Full signal on my Telegram channel
NZDCAD short Idea On higher time-frames we have seen that this pair has been very bearish and as always we trade with the trend Current price action has yet to form higher time frame structure, so we will look for price to reach our daily 38.2% fib level around 0.8500 or even the 61.8% around 0.86500 Ideally a swift push to the 38.2% fib level and weekly...
The price forming reversal Head and Shoulders on H4 chart. First tried to break the neckline is failed. Wait for signal Long
The currency pair AUD/CAD has many reasons to sell. 1. We have a day candle that closes very close to its lowest level! 2. The 4 hour chart has reached 61.8 Fibo! 3. And At one hour we have a wedge correction at levels around 38.2 Fibo from last down move. What do you think?
GbpUsd Daily Short Idea As we know GU has been primarily bearish on all higher time-frames Price action recently rejected the weekly resistance around 1.25500 at the end of September We are now looking for price action to test broken structure as well as the daily 78.6% fib level Ideally a strong bearish pattern like an engulfing or star pattern that blows...
NzdUsd short Idea Still waiting on NU to reach a prz level for this week Current price action is at the 23.6% fib level and is showing signs of bullishness on lower time-frames. We would like to see this pair present an opportunity half way through the week. A rejection off of the 38.2% fib level as well as broken structure is what we are looking for. Ideally...
NzdUsd Short Idea Price action has been primarily bearish on the Daily & Weekly time-frames so we will look to short upon a confirmed rejection of a prz level. Current price action is yet to form true structure on a daily time-frame after this drop since mid July. We will look for price to reach our 32.8% fib level or the 61.8% (The red zones) After a confirmed...
This pair is on a critical area right now where a lot conditions could say that price will drop,we got a 3rd touch to the descending daily TL,MP fib with 38% and 50% that lines up with a 4h ichimoku,so right now i woudl wait till we get a clsoe in the lower timeframes below 145.70 to go short or above 146.50 to go long
Another JPY o na strogn bullish momentum and this pair right now is testing the top of the formed TL,so right now i would like to take a long position i want to see if tomorrow we can get a daily close above the previous high at 79.40
EUR failing to break 1.14 on EURUSD again taking it lower on that pair and likewise failing to breach high from early February. More poor growth data out of Europe with sub 50 Manufacturing PMI data. Pair also running out steam at top end of RSI range
Not to excited about this pair right now....price still under a consolidation in the daily time frame forming a big daily structure
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