NZDUSD printing continous Lower Highs and Lower Lows with RSI indicator not suggesting any Divergence. A trade plan with 1% risk is defined using the Fib Retracement Tool.
On an hourly timeframe, AUDCAD printed an Evening Dogi Star followed by a series of Lower Highs and Lower Lows which suggests a potential downward momentum.
Hello traders, what do you think about USDJPY? This pair of money is moving in a downward channel that has cooled down. Now it is expected that it will decrease at least to the point that is specified after completing the pullback. What is your point of view? Do you agree with me? ❤️
M Formation has formed over the last month with the EUR/AUD. If you saw the last trade analysis, you'll see the EUR is showing downside on all large currencies. We've now had a breakout below the neckline of the M formation, which means there is downside to come. 21>7 Price is testing the 200MA. So only once it breaks below will it give a stronger...
M Formation has formed over the last month. The price also broke below the uptrend, which signalled strong downside to come. The EUR is not looking good along with other other counterparties. And we have further downside signals like. 21>7 Price<200 RSI<50 Target 1 will be all the way to 0.8407 which gives this potential trade a Risk to Reward of 1:1.8
There are many different variations of patterns showing. And they are all leading to downside. We have small Rounding Tops, small Inverse Cup and Handles. We have a break in the most recent uptrend line.. But I am focusing more on the bigger picture. There is a solid Reverse Inv Cup and Handle forming since 10 August 2023. The price has almost completed...
Hi guys, this time i bring you an Euro analysis which isn't directional because i want you to comment your thoughts about where this is going to go, in my own opinion this is bearish at the moment but it could turn into a bullish situation if DXY flips it's H4 OB or bounces down from the Daily OB. UPDATE: DXY had a CISD(Change in delivery of state) which leaves...
Hi guys, this time i bring you a $GU Short analysis where i'll be looking for Buyside Liquidity to be taken so we can keep developing and finish this PO3, my short is based on my weekly BIAS which is really bearish, same as Monthly or even Daily, in this case i'm really leaning a lot on my IRL>ERL>IRL>ERL cycle where i expect us to take the liquidity from the lower part.
There has been an evident downtrend since June 2022. The price continues to bounce on the resistance, just to come down and make a lower high... However, there has been somewhat an established strong support as of late around 0.64666. We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short...
On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.
Short Formed M pattern has formed where the second rounding top has a lower high than the previous. This confirms the sellers are in control. Now that the price has broken below the neckline, means we can expect the price to make the next down leg. A conservative entry will be for one more leg up, test and break down. 200>21>7 RSI<50 Target 1 will be at 0.52711
On the 15 minute chart- the AUDNZD pair is shown to have encountered overhead horizontal resistance by the Luxalgo indicator. It has been unable to get above the 2nd standard deviaion line of the anchored VWAP and deflected downward. Price is now below the POC line of the multisession volume profile. Overall, bearish bias is on the chart as confirmed by the...
AUDUSD formed a Rising Flag and broke below. We then had price declining on a decent 45 degree slope showing the supply side was strong. We had peripherals showing downside such as 21 >7 - Bearish RSI < 50 - Bearish Target 0.6500 The target is still on as now there is a small Rising Pennant forming which we can expect to break to the downside. SMC (Smart...
NZDCHF M Formation beautifully. Price broke below and showed strong downside to come. 200 > 21 > 7 MA RSI <50 Bearish Target hit at 0.5632 SMC Yesterday, there was a candle where there was sell side liquidity. This sweeped liquidity from shorters and sellers and now is the reason price is going up. We can expect chop for the next few days before we get a clear...
USDJPY is making LH nad LL Sell at 133.420 TP 132 SL 133.850
USDJPY making inverted hammer and on its HH, we can get some profit while selling. Entry at 134.740 TP 133.740 SL 136.000
hey all we have in sgd/ jpy bearish also have in macd big divergence in macd down but in chart style up its great oppotunity to sell to hit targrt target 94.300
hey all as we can see big resistence in this area i will sell to look for targert tp= 13,083 good night and goodluck