This is a counter trend but here is why we are selling. Trend: W1: Down D1: Down H4: Up Moving Average: Within the Daily MA H4 pointing downwards Pattern: Deep Crab on m30 Strong resistance at 0.6600 to 0.6610 H1 has a double top and divergence.
A similar trade to the EURUSD from last week. H4: Pointing Downwards D1: Down Moving Average: With Daily MA H4 pointing downwards Pattern: Deep Crab on M30 Strong resistance at 0.6125 30 pip stop loss. 70 pip target
Hey Traders! 👋 For Day 18/100 of our challenge, we will look at USD upside potential this week. Won't be doing a pair today to take it easy on a bank holiday. Looking at the weekly chart, we see 101 held as a strong support with 3 weeks of bullish price action. This week, we expect it to continue towards resistance at 105.3. If we do confirm a bullish...
Gold (XAU/USD) cheers US policymakers unable to give any commendable signs of debt ceiling as the yellow metal re-establishes weekly highs to around 2,038$ around the press time point. In doing so, XAU/USD also benefited from a softer US Dollar ahead of all-important US Consumer Price Index (CPI) data for April. That said, XAU/USD is currently aiming for a...
Hello everyone, It has been a while since we had a proper post and we hope to return back to normal moving ahead. The past 6 weeks has seen a massive weakening in the USD which means stocks has strengthened a lot. This is to be expected as markets swings in both directions. We see all the USD pairs are completely overbought. (AUDUSD, NZDUSD, GBPUSD and USDCHF...
After getting stopped out, EURUSD went all the way through previous highs. Right now price has approached significant level. I am looking to short at 1.0315 my stops above 1.03690 and targets below parity. Use proper money management, all the best. This in my opinion is a massive liquidity grab. Look out for false breakouts to the upside.
Dollars strength continues. Eur/Usd to keep dropping from this point 0.9944 targets below 0.9800 stops above 0.9990 Use proper money management.
Euro is at a very tight place right now. This phase is the accumulation phase. A lot of buyers have bought at this level and the previous low. However for the market to move upward it has to take out this liquidity first. I expect a downward momentum today and tomorrow. Mid of the month is when we should expect a trend change. Otherwise keep your targets at 0.9515...
Breakout to the upside is loading. I expect price to take out the liquidity above 1.39 zone. Targets as high as 1.40 tight stops below 1.3772. Use proper money management.
Hey Traders, above is DXY technical analysis, i always recommend DXY analysis prior to trading USD pairs. currently we are watching a couple of zone for a possible bounce. first one around 95.5 and the second one around 94.4. don't forget to be a bit careful especially after fed Chair Powell speech the last night and fears about the new variant, risk for economy...
There is a linked chart showing the daily cycles. The break of the trendline last week showed buyers trying to take back control. Divergence on the 4 hour both on the histogram and Ma's confirms the move to the upside. I would like to see the high broken then enter on a pull back. see the daily chart for overall target.
like what I've always said; wait for a trigger to go long... KUCOIN:BUYUSDT
the pair is trading near a critical level that suggests the end of the fifth and final wave of an impulsive wave. the lower band of this area is 1.2360 and might extend to reach 1.2410. im not saying that the bullish trend is over however a corrective pullback is expected before a continuation might occur. im looking closely to short this pair from 100% fibo...
We are on big pullback before turn back to Downtrend.
This was a mistake-free trade that I placed. My system called for it. Result:+1R. My analysis was that USD dollar and it's stock market had a major correction. The fundamental backdrop on this trade was that the indices would revert to their mean price, thus the Dollar would gain value against other currencies.
Generally Bearish on Daily. This was my setup. Price is near 1hr Zone, I defined it as Resistance, someone could've defined it as support but why would we? The HTF's are Bearish. We have confirmation that we have a good chance to drop to the London Low because we have shooting star-like candles rejecting prior 15m S/R zone. We have multiple bear closes past 15m...