GBP/JPY – Waiting For The Price to Breakout The Symmetrical TriaAs we can see in the D1 chart the price creating a symmetric triangle pattern.
If the price will breakout toward down it indicates the price tends to reach the demand below and I'll look to sell.
If the price will break toward up I'll look to buy GBP/JPY.
Funded
BTC/USD – Significant Rally Creates Fresh DemandAs we can see the price creates a fresh demand at the end of the past week.
This demand is also a Quasimodo level.
In addition, we can see the MACD divergence.
That cofluence of MACD divergence and fresh demand (Quasimodo) creates a great setup for buy position.
The entry-level will be the demand below and the target will be the resistance above.
GBP/USD - What Will be The Signal For Reversal Opportunity.GBP/USD is in amazing rally for the last 10 days,
For now, I prefer to look for a reversal signal.
If the price will breakout the support below it will be the signal for changing momentum to bearish,
In that case, I'll look for a price action setup to sell GBP/USD.
In addition, there is a significant MACD divergence which indicates the buyers running out of power.
The target for the sell position will be the demand at the bottom.
GBP/JPY - Long Term Buy Position Opportunity.GBP/JPY has a significant rally in the past few days which changes the momentum to bullish.
Therefore, as a long term forex trader, I'll to buy GBP/JPY,
In the M30 chart, there is a CCI divergence confluence with a fresh demand, that create a great setup to buy.
If the price will breakout this demand I'll look to buy again in the lower demand which we can see on the D1 chart.
The target for both options will be the supply above on the D1 chart.
DAX Index – an Uptrend or Technical Correction?On the H1 time frame, the DAX seems to be bullish,
But if we take a look at the higher time frame we can see it is only a technical correction.
The fresh supply above is confluence with Fibonacci 61.8% which creates a powerful setup to sell the DAX index.
I'll sell at the moment the price will touch the supply.
The target will be 11.700 zones.
BTC/USD - Long Term Price Action AnalysisOn the D1 chart, we can see how the price performed a descending triangle pattern,
The bottom line of this triangle has broken out two weeks ago by a new fresh supply created.
this supply is a great level to sell BTC/USD as a long term continuation trade,
The demand at the bottom will be the target.
Wait To See if The Price Will Breakout The SupportThe EUR/USD price is bullish for intraday traders.
However, on the higher time frames, we can see the price arrived into a fresh supply which can turn the price
Back to the bearish zone.
The support below is my confirmation if the price will breakout the support it indicates the price tends to reach the demand below and
Therefore I'll look for a price action setup to sell EUR/USD as a day trade position.
USD/CAD - Symmetrical Triangle in Monthly ChartUSD/CAD price performed a symmetrical triangle pattern on the Monthly chart.
The price range becomes very tight, it seems that very soon the price will have to pick a direction and to break the pattern.
It is very rare to find a triangle pattern on the monthly chart,
If the price will break the pattern toward up I'll look for a price action setup to buy USD/CAD.
If the price will break down the pattern I'll look for a price action setup to sell USD/CAD.
The demand below on the monthly chart is the target for the sell position,
The supply above is the target for the buy position.
The demand below on the daily chart is still inside the pattern and therefore it riskier to trade it, but it's still a level with potential
For good trade.
This is a long term analysis for the USD/CAD.
GBP/JPY Performed a Double Bottom After MACD Divergence.The price has performed a double bottom pattern on the D1 chart,
Also, while the price created the double bottom the MACD created a higher low, which's called MACD divergence.
The combination of double bottom and MACD divergence creates a great setup for buy position.
If the price will break the resistance above I'll look for a buy signal,
If the price will move down toward the demand below I'll buy at the demand,
For both options, the target will be the resistance at the top
Fresh Demand For Continuation Buy PositionAUD/USD is bullish at the moment,
It seems the price tends to reach 0.6850 zones which is the next fresh supply.
A few hours ago the price performed a new fresh demand.
I'll use this demand as a continuation level for buy position.
Meanwhile, we can see how the price compressed toward this demand.
when a price compressed toward demand it's a great setup to buy.
Indication that The Recent Downtrend In The M30 Chart has EndedTrend Analysis For GBP/USD, Monday 03/06/2019
As we can see in the M30 chart, the GBP/USD has just developed a bullish momentum. In the higher time frame, the price is still bearish.
Below us, there is a new fresh demand level which is also a Quasimodo level. A Quasimodo pattern is a situation where the price changing momentum with one strong movement.
As we can see in the M30 chart, after the recent downtrend where the price creates a few lower highs, it now creates a new higher high with one movement.
That situation creates the Quasimodo pattern and it indicates the momentum changed from bearish to bullish. Usually, this pattern creates an opportunity with a great risk-reward ratio.
The demand below is a great level for buy position and the target will be the supply above.
Is BTCUSD On the Way to the Last Record At $20,000?At the beginning of 2018, BTCUSD had failed to surpass the $20,000 mark. Thereafter, the drop was rough and painful. While some investors started to doubt the crypto-currency assets, the BTCUSD has managed to perform a hero recovery. In the last few months, it succeeded to triple its value from $3000 to almost $9000. Now, some of the investors believe that the price can reach back $20,000 which is the last record. If we would like to join the momentum, we should wait for the price at the demand below which is at a great continuation level, and buy there, at the first touch. At the moment, we can see the price compress down slow and easy and if the price remains that way, toward the demand below – it will create a great opportunity to buy. The first target will be the support at $11,000 zones, and the final target will be the last record of the price.
EURUSD Analysis For Short Term Forex Traders 24/05/2019EURUSD has a really nice and strong rally yesterday, when the price move up it creates two fresh demands, the one below us is a great level for buy position in order to continue the short term Bullish momentum, at the moment, the price just reach that demand and if it’s not too late, it’s a great opportunity for short term buy position, on the other hand, if the price will break out this Demand it indicates the price tends to reach the demand at the bottom, in that case, we can look for price action setup for short term sell position, there is a 50 pips space between the demands.
Long Term Analysis For EURUSD 29/04/2019For the long terms, the EURUSD is bearish, The USD get strong against all the other currencies almost, in the 1H chart there is a great supply above, that supply can be a great continuation level For sell position, in the weekly chart I marked the demand at the bottom as the final destination for this bearish momentum, this demand will be the long term target for the sell position, it is Also A great demand for buy position.
Which Level GBPUSD Will Hit First 25/04/2019For all time frames, GBPUSD is bearish at the moment and seems it’s gonna stay bearish until the price will reach the demand below that marked in 4H chart, that demand is a great Level for buy position, it’s a potential level for reversal position, the supply above that marked in 1H chart is what called RDB (Rally Base Drop), the base has a nice rally to that level And then create the base which is the supply, and drops after, that creates a very reliable supply level, It’s a great supply for sell position as a continuation of the bearish momentum.
Will EURUSD Continue His Bearish Momentum 19/04/2019For the long terms (daily or weekly chart), we can see that EURUSD is bearish, yesterday, the price dropped from 1.1300 zones, and created a fresh new supply level, that supply, can Be the sign that the long terms bearish momentum is continuing and it’s a time to look for sell position, also, the divergence between MACD indicator and the price is back to be bearish, the supply above is a great level for sell position, the stop loss order will be just Above this supply, if the price will hit the stop loss, the supply at the top will be the second level for another new sell position, in both cases, the long term target will be 1.1000 zones.