The USD/CAD pair on the M30 timeframe presents a possible shorting opportunity due to the presence of a channel pattern. Potential Short Trade: Entry: Consider entering a short position (selling) only after a confirmed breakout below the support trendline of the channel. Ideally, this would be around 1.3750 or lower if the price continues to decline after the...
In technical analysis, a trendline is like a road that the price of a stock, currency, or other asset follows. Imagine it as a path where the price keeps bouncing up and down. This bouncing happens because of statistical probability – just like how certain things tend to happen again and again. However, that these bounces aren't always successful. Sometimes, the...
hello freinds this chart we shows that this market will know an up trend on next days for more informations please show the chart good luck
EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the...
We've observed a break in the bullish trend line and a response to the high time frame (HTF) zone, coinciding with the bearish long-term channel. A short-term bearish channel is clearly visible. First Entry: Wait for resistance around the weekly pivot. Only enter if the price shows no signs of rise for some candles. Second Entry: After breaking above 1.076,...
On the today's live stream, we discussed GBPUSD. The pair is currently testing a key horizontal demand zone on a daily. Our to signal to buy the market with a confirmation, will be a bullish breakout of a horizontal neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.2502 will confirm the violation. A bullish continuation...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
📈💼 DXY Update! 💼📉 Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
we are tracking a descending channel pattern, outlined by the red boundaries. Currently, gold's price has rallied to the upper resistance of the channel, marking a pivotal moment for traders. Should the price adhere to the channel's resistance, we anticipate a potential reversal heading back down. However, unlike previous lows, a higher low is expected this time...
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65800 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65800 support and resistance area. Trade safe, Joe.
Looking like the sell I wanted yesterday is setting up, again 4 out of 5 requirements met. If trend breaks I will not be adjusting my bias, I will just sit this one out
Previously, we witnessed a strong reaction around the selling zone. Consider a safe entry after a complete break of the short-term bullish channel and a drop below 1.0726. A slightly riskier entry point is around 1.0760.
Layers 2314-2315 Sl @ 2309 1st tp @ 2319 2nd tp @ 2328 3rd tp @ 2337 Running 120pips! See below for 1st entry
Hi friends, I hope everyone is doing well. In this video I share my analysis and bias with GBPUSD, I show you how I come up with this analysis, and I advocate additional confluences in your analysis as well as demonstrate what I mean. But please note, I am using ICT Concepts. If you aren't familiar, then it wouldn't make sense to you. However, you will probably...
DXY H4 Dollar is moving as expected, bouncing from that 105 price we were marking up and focussing on from last week. Following all the economic data points, support held out and corrected perfectly. We have since approaching 105.600 price, a key area of S/R. This also ties in with GBPUSD support price. An area where we may see a bit of a correction (as...
hello freinds this chart we shwos that this mrket will know a down trend on next days please for more informations please show the chart good luck
Currently in a bearish channel with the short-term trend line recently broken. Consider two short entries: First entry: Short from 2325.40, a significant level in the chart. Second entry: Short from the zone comprising the weekly pivot, top of the channel, and a reversal point. Target price (TP) could be around 2287.00.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher. What's next? 📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red. Currently, EURUSD is approaching the upper bound of the...