EUR/USD, 4hr timeframe. On a Daily timeframe price is currently playing around a critical area of reversal also acting as a supply zone since the buying power is exhausting in strength. In addition on a 4hr timeframe we have an ascending channel where price is currently at it's HH( higher high) of the channel therefore we should be expecting it to give us a new...
XAU/USD(Gold) Daily timeframe. Gold has been trapped on an uprising channel for the past few weeks until it recently broke the supporting trendline of the channel. It pushed further to the downside until it came up to test a significant area of reversal. Hereon we can expect a further push to the downside so we can get a full overview structure of a downtrend.
US30. Daily timeframe US30 market has been on a overall correctional formation for the past months since 2021. On the 3rd touch from the support trend line we can see that price impulsively went bullish to break the resisting trend line of the overall correctional formation and came down to test on a very strong zone. Therefore we should be expecting more buys...
On Sunday I shared an idea on USD/CHF that we're looking on going short for this pair. So this is how it's currently going, it indeed respected my anticipated analysis even though we haven't met our overall target yet. Hopefully it will push down to our targeted area before the market closes since it's Friday.
On Thursday I had analysed USD/CHF pair and this is the update. The trade is already in profits and there's a higher possibility that we could hold this trade all the way down to our targeted area.
Hours ago I published this anticipated bullish impulsive move on Nas100 and at the time price was playing around my support zone patiently waiting for the price to give me bullish impulsive move. This is how it played out though we haven't fully completed the bullish move, we're cruising nicely in profits.
Nas100, 1hr timeframe. Price broke resistance trend line and came down to give us a minor retest. We can now look out for buying opportunities on smaller timeframe to ride bullish impulsive move.
From last weeks bullish movement of the USD pairs we can certainly expect it to still push up a bit to complete it's overall buying movement. As soon as it pushes up to our area of supply we can then look out for high probability selling opportunities to enter the selling market.