The current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further...
I have found it amazing to watch such phenomenal amount of money pump into ETH, €40 Billion Euros pumped in today, but it is such a velocity that if this continued ETH would have a market cap as big as Bitcoin within a month, surely a correction must be imminent, if this is the top line for today, have we found our new resistance line for a short while for a...
What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction...
Just a quick followup on a previous chart which shows velocity has stayed constant since the recent dip and €50k is incoming. Support line is getting squeezed BTC about to break this.
hi dear friends today another technical analysis for the EUR / JPY market within 15 minutes it shows that the VWAP indicator is above the market price so there is a high probability that the price drops at the same time when we pass to the day chart the market above EMA therefore 80% of probability the market will fall until the price of 116,168 and at the same...
EUR/USD is sitting right on top of the golden pocket giving a low risk long opportunity. Volume has been on the decline during this C Wave, and we have some nice bullish divergences. The parallel channel resistance and then the 0.5 Fibonacci are still going to be tough levels to get through, but technically the signs are there for a reversal, thus I have been...
Refer the main plan here : I've marked the daily pivot level which I will be waiting for the bearish reaction if the price reaches there. The bearish reaction is either a) Bearish Engulfing Candle b) Dark Cloud Cover anything few pips above or below the daily pivot. The target would be the weekly range low. If you like the trading plan, give me a follow and...
Quick Recap on my yesterday's trade and price action up until now Yesterday my intraday bias was EURUSD = Up. Reason? : 1. Price last week have hit Weekly and Monthly Range 2. Price is trading below this levels hence its on price levels that I like to call "a hot zone". Its not a certainty but it has high probability the price would reverse/retrace/move...
Here we have a double bottom after a bullish bat formation formed on a daily time frame. This is good indication of a bounce to the upside. Current target is the 61.8 fibonacci level. Remember trade your plan and you will win. If your trading plan have been proven to be successful. Best
Double Bottom reversal pattern indicates signs of bullish behavior, especially after previous doubleBottom. Expect to see a slight dip and then pick up quickly to 13k-14k EUR
Eurjpy is in a consolidation phase. Euros seem to be having a lot of strength left. It doesnt seem like the climb wants to stop and if anything it seems to be slowing down for just now before continuing again. What are your thoughts? Trade with care.
If you know how to trade this setup, you will be looking at a good amount of gains over next few weeks. What are your thoughts? Will the Euros keep on pushing higher? Trade with care.
All of the Euros pair have been extremely bullish for this year. However, it seems like the Euros have reached a lot of strong resistance on most pair. This pair have recently formed a head and shoulder, followed by a continued downside breaking through the uptrend channel. It is good a idea to wait for a pullback for confirmation that this is the start of the...
Look for a retracement after the break for new highs. It seems like the Euros will not give up and the NZD is the weakest right now. There will be a lot of movement Wednesday, which will probably take this pair up to the extended target at 1.27 fibs. Trade with care.
Sadly my previous idea failed. But luckily a Bearish Harmonic Pattern completed. We can hold all the way down or we can hold to the target of 61.8. I am personally holding it all the way down.
I spotted these Harmonic patterns before the big channel started & also inside it, besides A head and shoulder, with X of the yellow pattern as the head of the left Shoulder & C of the red pattern as the head of the Right Shoulder. Keep an eye on it Once the green pattern completes, I'll go long from D to 61.8 fibo of AD ( Red pattern) ... The Green Harmonic is...
Euros will continue pushing higher. Wait for a retrace or consolidation before buying into the trade.