EURUSD price action have been trading in a quite narrow range, price has almost reached the prior lows where I see convergence developing. Looking 1.1176 a good area to build long positions with a 50 pips stop, targeting 1.1338 area. Good Luck.
EURUSD have been testing the bearish trend line, though there have been bullish convergence on the daily time frame. We got Feds rates decision tomorrow which could move this market. For now expecting a short term correction here - market may fell sharply on the news and bounce, so watch the 1.1280 area for building long positions on this market.
EURUSD have been quite choppier over the past couple of weeks, price action have been trading in a narrow range. Looking at the USD currency Index, there is a head & shoulder pattern setting up, which is in line with EURUSD macro view. Overall momentum on higher time frames is developing on this market. I am looking for a double bottom around 1.1280 area to...
Past week I was looking this market to test the downtrend line, It went almost close to there and fell out, so far this market is making marginal lows. Short term & medium term momentum is weaker which is a good supporting evidence. I am looking for a short term pullback to execute shorts here. Trade Safe!
EURUSD have been quite choppier over the past few days, So far its just holding the up trend line. Chances are that it is likely to break the resistance area and test the downtrend line around 1.1459 area. Short term momentum is positive supporting the view while the higher time frames momentum is developing, so watch this market out for break out to get...
Hello Everyone! Looking at the lower time frames USDCHF is making new lows and lower highs, so far price has reached mutli-sessions downtrend line where I see hidden divergence, there are possible 2 cases here, Case 1: Market may fell and makes a double bottom and then carries on testing prior highs, so in this case execute trade once it breaks the trend...
In my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here. It has broken down the trend line so I am executing my shorts here. Trade Safe!
Hi everyone! Seeing a low risk trade opportunity as we have an ABC corrective pattern developing on 30 minutes chart, expecting a sharp move setting up towards 1.1280 area. As short term momentum is weakening, wait for the market to break the trend line and closing below it to trigger shorts. Good Luck.
TVC:USOIL Time frame: 4 hours Trade idea description: Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel. Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this...
FX:EURUSD EURUSD have been trading within a multi sessions bullish channel with new tops and lows, so far price is testing broken highs where I see scope for another high. We have an important news to be released today FOMC meeting minutes, which will definitely impact EURUSD. Looking at the short term momentum which is well lined up so I'll be looking to get...
USDCAD broke out the multi sessions uptrend line, current price actions seems like to be retesting the broken trend line where I am expecting fresh falls to be coming in, or an alternate scenario could be to trade with a sell stop order once it breaks the area i marked on the chart. Trade Safe! Good luck.
EURUSD Price action have been quite choppier from over past few days. There are possible 2 scenarios that I am looking right now. Scenario 1: As 4 hour chart shows Bullish MACD convergence so it is possible that market may break up straight away and test 1.1459 area. Scenario 2: Since momentum on higher time frames is still quite bearish so might be possible...
EURUSD is showing a strong convergence signs on 4 hour time frame, same scenario at hourly chart as well, i am looking for a strong breakout of the down trend line here to trigger my longs. Trade Safe!
SPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness. Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well. Trade...
Price action is showing exhaustion signs with momentum weakness as well, i am looking to short now with 15 pips stop here, Trade Safe!
EURUSD have been trending down over the past few days - so far this session it fell quite sharply but I see Price is converging on the hourly chart with my RSI indicator, I am looking to buy it for short term. Trade Safe.
EURAUD is testing short term resistance area where I see the scope for a reversal - since momentum on bigger picture is quite weaker and price action itself struggling here, i have shorted few units here so keep watching this market yourself as well. Trade Safe.
SP500 have been trading with in a multi sessions bullish channel with price action just making marginal highs, current price action approaching almost the top of the resistance channel where I am seeing fresh falls taking place. Higher time frames picture is still bearish with momentum on all across the bigger picture still bearish. Keep an eye on this market...