Dollar Index broke and closed above a horizontal resistance. It is the important sign of strength of the buyers. I believe that the market may go higher next week. Next goal will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
Trying 1 last buy position on Gold before the week ends. Going in with small risk as it's a Friday & markets are choppy. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD 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 1.27400 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD 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 1.093 resistance zone. Trade safe, Joe.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
USDJPY is trading on a Channel Up inside a long term Channel Up pattern. The 1D time frame is overbought (RSI = 71.702, MACD = 1.430, ADX = 43.738) and as the RSI entered the Resistance Zone of March 1st, we expect a short term pull back inside the first Channel Up to 141.300. If the bottom (dotted lines) holds, we will buy and target towards the R3 (TP =...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting a weekly resistance, USDCHF has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching around the upper trendline. Moreover, the zone 0.904 is a resistance zone. 🏹 So the highlighted purple circle...
Tough times for the USD; the market didn't buy Powell's hawkish attempt, ECB went as expected and Dixie has plummeted today. I do think the USD crosses will get a breather retracement tomorrow, so we could see a bounce off the rising trendline on HTF's. If we break the wedge to the upside then this could lead to a higher low and could signal a reversal with a...
Here is my latest structure analysis for GBPUSD. Horizontal Key Levels Resistance 1: 1.2820 - 1.2850 area Support 1: 1.2630 - 1.2680 area Support 2: 1.2485 - 1.2515 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
USDCHF - 24h expiry Daily signals are bearish. Broken out of the channel formation to the downside. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 20 1day EMA is at 0.8993. We look to Sell at 0.8993...
Yesterday EURUSD failed to hold above 1,1000 and started correction. We’re currently at 61,8 of the last rise and we will look for reaction from these levels. No entry grounds for now, but upon pullback we expect ew test of 1,1000. Upon breakout the main resistance remains 1,1080.
– Previous Daily candle closed strong Bearish at 1913.900 tapping into the previous Daily Resistance formed on 14th March 2023. – Buys on close above 1916.700 targeting 15min Resistance formed at 1920.500, Leaving Runners to the next 15min Resistance formed at 1924.100. – Sells on close below 1910.400 targeting Daily Support formed on 15th March 2023 at 1903.800,...
EURUSD had a strong rejection today just after it reached the 1.10075 Resistance A, formed by the May 10th High. The price is supported by both the Rising Support B but more importantly the 4hour MA50. As long as this holds, buy and target the Rising Resistance at 1.10500. If it crosses under the 4hour MA50, sell and target Support Zone A, where you can buy...
NZDUSD - 24h expiry Previous support located at 0.6175. Previous resistance located at 0.6200. Trend line support is located at 0.6150. A lower correction is expected. A move through 0.6175 will confirm the bearish momentum. We look to Sell a break of 0.6175 (stop at 0.6205) Our profit targets will be 0.6100 and 0.6075 Resistance: 0.6200 / 0.6220 /...
Price action analysis for USDJPY. Key levels & candlestick analysis. Trading plan explained. ❤️Please, support this video with like and comment!❤️
We're seeing price approach a major support level at 1.2680 which is a historically strong support level. It also lines up with Fibonacci confluence of 38%, 50% and 100% (projection). On top of that, there's a nice bit of bullish ichimoku cloud holding prices up. If price were to bounce from here, we could see it inch up towards the 1.2832 level which is the...
We're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down. If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent...
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69. Please be advised that the information...