Hi Traders! SPX is trading near its five-month high at 4607.07, and with Fed Chair Powell speaking later, the market could reach this level by the end of the trading week. Price Action 📊 After the break and close of the previous resistance at 4541.25, the market has refused to go back below this level for the time being, and an ascending price channel has...
Hi Traders! There is potential for a retest of the psychological 1.30000 level on the GBPUSD. We can see here on the 1D chart that the market has been extremely bullish since the long-term resistance break of the 1.28486 level. We have had a price rejection at the 1.31424 level, and the market has now broken below the 1.31000 handle, which provides opportunities...
Hey Everyone, We finish off the week with our 1H, 4H and now Daily Chart idea fully complete!!! The Axis support level we highlighted on this Daily chart idea provided the support we expected for the push up to HIT our Daily chart TARGET. - BOOOOM! We will now come back Sunday with our updated multi timeframe trading ideas and trading plans for the coming...
Hey Everyone, As we have successfully hit all our short, mid and long term targets across all our timeframes, please see our updated Goldturn support and resistance levels and targets for our new 4H chart setup. We saw price break out of the Goldturn ascending channel and testing a strong resistance structure. We may see a failure here and retracement back into...
USDJPY is trading to the upside prior to the overall household spending data out of Japan, which measures the total expenditure by households. Technically the pair has bounced from trendline support, and we anticipate a continued push to the upside today prior to the JPY data.
USDJPY is trading in channel pattern for the last couple of months. It is currently consolidating in small support and resistance trend lines within the channel pattern as shown in the chart. According to chart pattern analysis, we might see a downside in USDJPY . One can initiate the trade with proper risk management and stop loss. Thank you
Hi everyone, this is a quick idea of how we can do a Day trade properly. Take a look at the R:R for this trade. And see that we have a clear and tight stop. And a nice way down to go. If we get stopped out, It doesn't matter. Day trade is like this.
Hey Everyone, AUDUSD was oversold on H1 Chart and now after moving sideways it's expected to spike up and it's forming HARMONIC PATTERN - BULLISH SHARK and hence we'll try to give BUY it with optimal stop loss, So, BUY AUDSUD with these preferences, BUY NOW or 0.73768 STOP LOSS - 0.73475 TARGET 1 - 0.74288 TARGET 2 - 0.74573 More updates will be posted under...