I believe it's about to trap some shorts... I need 5 rep to do stuff on the site. Please like :)
🔸 4H CHART EXPLANATION: . . 🔸Price did a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline, however, it did not start a bearish move after that. . 🔸 We are waiting for some bearish momentum before considering a bearish trade. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYIS:
Main items we can see on the chart: a) The two main structures of the chart are: a) The descending channel (white lines) and the Major support zone. b) Currently, the price has broken the inner channel (the yellow one), and we can see a kind of correction above the support zone and the broken channel. c) Based on all these aspects, we expect a bullish...
$AUDCHF is rejected from the long-term falling trend line 0.6700 again. For a breakout lower and a continuation we need to see a break below the triangle support 0.6500 with the ADX turning higher above the falling line and 15-20 the best. ADX above 25 would mean we are in the downtrend continuation.
Hi traders, this is my trade idea on GBPAUD for the next days
♦️ Pair : EUR/AUD 💢 Vision : BUY ☑️ Entry Point : Wait For Break Out Trend 💲 Target : On Chart ✖️ Stop Lose : Red Line 👇 ‼️ Reasons ‼️ 👇 ✔️ Resistance Area Break Out (Waiting) ✔️ Key Level ✔️ Trend Break Out (Waiting) ✔️ Price Action 🔴 Risk 2.5 % Lose ⚫️ Reward 15 % Profit
Time for corrections! Are you selling dollars? Stop for a moment! In recent weeks we have seen a decline in the USD, which we managed to trade very well. Now is the time for adjustments and we will be able to catch these movements as well. As early as Friday, we expected the EURUSD to turn around This is already done! Now we expect it to continue, as well as...
AUDJPY Long idea The weekly timeframe is bearish but the daily, 4hour and below is bullish. Current price action is at a major monthly zone and is holding the trend. We are now seeing a 4hour retracement and will be looking for long opportunities. We have two potential long opportunity scenarios: 1.Price action reverses at the 61.8% and presents bullish...
Hi Traders >> ♦ Pair : AUDUSD ♣ Vision : BUY ♠ Entry Point : 0.71500 💲 Target : 0.72000/0.72500/0.73000 ✖️Stop Lose : 0.70700 👇 ‼️ Reasons ‼️ 👇 ✔️ Break Out Resistance Area ✔️ Break Out Fibo Area 61.8 ✔️ It,s Make Test With 1D Candle And Now Ready To Up 🔴 Risk 2.5 % Lose ⚫️ Reward 15 % Profit
AUDUSD Long idea All significant timeframes are bullish on this pair and we recently had a change of trend on our daily timeframe when this monthly zone was broken and confirmed. Now we are looking to continue with this bullish trend and enter on long opportunities. We have 2 potential long scenarios: 1.We see price action reverse at the 61.8% and confirm...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
AUDNZD - Long Direction: - There is Bullish Momentum and Orderflow indicating the pair will go long. - AUDNZD went into the Bullish OB and is approaching the next level of a Bullish Cycle. - Pair broke YL (Yesterday's Low) indicating possible entry for a buy. Entry: - W (Double-Bottom) Pattern Formation. - Today's low was held with pins to the bottom side,...
It has been a very action packed number of weeks on, and let's admit it, in an already red hot market. I can go on and on about the Federal Reserve, The Wall St Hedge Funds, the overinflated majority of stocks on (any) market today. But, is that really that much fun? I would be (to many of you) preaching to the choir, and saying nothing new. I thought that I...
Hello traders, here is the analysis from our team : buy:0.71980 target 0.72380 stop 0.71580 Let us know in the comment section below if you have any questions.😉
I believe GBPAUD will retest the 1.82 fib level as based on the 4H hour chart. Going to see how this plays out based off the new3s being released later today