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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.
by the5erstrading
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
Long
by the5erstrading
3
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.
Long
by the5erstrading
2
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.
BITSTAMP:BTCUSDLong
by the5erstrading
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.
by the5erstrading
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.
by the5erstrading
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.
Short
by the5erstrading
1
Swing key levels for USDCAD 10/04/2019The key levels that marked on the chart are the next fresh supply and demand for now, each one of those levels seems to hold unfilled orders, and each one of them is a great level for Position on the first touch, I'll buy if the price hit the demand below, and sell if the price hit the supply above, that's the meaning of "buy low and sell high", for both position the target Will be the opposite level, the target for the buy position will be the supply above and vise verse,
by the5erstrading
Will USDJPY Continue The Bullish MomentumUsually, when the price is in bullish momentum, the only thing that can stop this momentum is a strong supply level with a massive amount of unfilled orders, on a daily chart on USDJPY, we can see that the next fresh supply is only at 113.00 zones, therefore, I believe that in the long terms the price tends to reach there and for that reason I’ll look for a Continuation level to join this momentum, the demand below seems like a great demand for buy position as a continuation trade, it is also 0.382 Fibonacci level, the combination of These two reasons creates a great opportunity for buy position, I’ll at 0.382 Fibonacci level, and my final target will be 113.00 zones,
Long
by the5erstrading