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EUR/USD: patiently waiting to pull the "BUY" trigger. No rush!Firstly, by zooming out and monitoring higher-timeframe graphs, we may observe that the sentiment of the EUR/USD market is clearly bullish as the price has managed to push above the level of the previous HTF Higher High point. Last week, we expected for some correctional moves to kick in and drive the price down in the short run before further bullish resume. However, after consolidating for a while, the USD fundamentals were able to push the price higher and form a new HH point. The price moves in cycles. In other words, step-by-step and not like a straight rocket. And thus, we are awaiting for the price to experience a short-term drop and reach the important area of support plotted on the graph that lines up with the 0.382 Fibonacci retracement level before we can execute long positions and ride the trend to the upside.
by Investroy
8
EUR/USD: get ready to execute SELL positionsAs it can be inferred from the graphical illustration, after recent bullish impulses, the price is consolidating within the borders of the sideways-moving channel plotted on the graph and is possibly preparing to initiate short-term bearish moves. The price has been able to spike above the upper boundary of the box and grab some liquidity before re-entering the borders of it. Judging by the current price development and the ongoing bullish pressure on the DXY, we believe the price of EUR/USD might experience some bearish action and reach the area of support highlighted on the chart that lines up with the 50% Fibonacci retracement level.
Short
by Investroy
21
USD/CHF: a correctional move is on the wayLooking at higher-timeframe charts, it may be observed that the price has been able to break below the crucial area of support identified on the graph. However, in order to continue its further bearish movements, the price would need to pullback, correct the recent impulse, and then, get ready to head towards the south. Thus, we are monitoring the price action around the local area of freshly-formed support and waiting for further confirmations before entering long positions and potentially aiming for the level highlighted on the graphic. Once that particular area is reached, we will look for entering short positions and aiming towards driving the price to the downside.
Long
by Investroy
16
EUR/USD: buckle up, a short-term SELL is on the way Last week, we noticed the price experience a dramatic drop. And hence, we planned on entering short positions upon a pullback. However, once USD fundamentals kicked in, the price got driven to the upside and is now approaching a key area of resistance. Although our bias is strongly bullish, we believe that the price will firstly fall and correct before continuing its upside movements. Therefore, we are eyeing for entering SELL positions and aiming for the level of support that nicely lines up with the Golden Fibonacci zone that is plotted on the chart.
Short
by Investroy
18
EUR/USD: detailed chart mark-up. What is the next move?Looking at higher-timeframe charts of EUR/USD , we may notice that initially, the price has been trading within the borders of the ascending channel plotted on the graph. Afterwards, the price started consolidating in a sideways-moving rectangular box and it was unable to break above or below due to the lack of liquidity during the holiday season. This week, as soon as momentum kicked in, a massive bearish candle was printed and the lower barrier of the rectangular box was successfully penetrated. At the moment, we may observe that the price is pulling back and correcting the recent impulsive leg before potentially continuing its bearish moves. Thus, we are eyeing the zone plotted on the chart (important resistance that lines up with the 61.8% Fibonacci level) and awaiting some development around that area before executing short positions and aiming for the South.
Short
by Investroy
16
GOLD (XAU/USD): are we ready to go short?Judging by the current technical outlook derived from the Daily timeframe chart, the price has everything to keep dropping and reach the area of support that lines up with the Weekly Fibonacci level. Technically speaking, rejection of the upper barrier of the ascending channel that is plotted on the graph portrays that bears have stepped into the game and are ready to drag the price towards the South. More to it, from the fundamental point of view, the DXY has experienced a nice pump and is bound to correct its bullish movements for the upcoming term. Hence, we are looking into entering short positions and aiming for a nice return on this setup.
OANDA:XAUUSDShort
by Investroy
10
EUR/GBP: lack of liquidity for now. But what's the next move?Due to the lack of liquidity and movement at this time of the year, the market is moving slow and acting choppy. Taking a look at the previous number of candle closures, me may observe that the price does not have enough juice to break through the borders of the LTF sideways-moving range. Therefore, we are expecting for a re-touch of the recently-formed reversal pattern and a formation of a Double Top before a full-scale drop. The 0.87 area of previous resistance now turned into support that nicely aligns with the 50% Fibonacci retracement level smells like the initial target zone for the price to visit before continuing its bullish movements in the pre-determined direction. Long story short, we are awaiting a re-touch of the 0.8833 level and a formation of a valid Double Top pattern before the price commences descending. We will keep monitoring the price development and act accordingly.
Short
by Investroy
7
EUR/GBP: detailed technical analysis. A big drop to follow?Conducting a multi-timeframe analysis of EUR/GBP, the following can be inferred: the price is currently rejecting a crucial area of resistance that can be identified on the Weekly timeframe. Taking into account the recent impulsive move to the upside, we can expect a deep correctional move to happen before further bullish moves kick in and continue driving the price to the upside. Zooming into lower-timeframe graphs, we may see that even though the price has rejected the 0.882 - 0.883 key zone, it potentially needs another touch before initiating a full-scale drop to the downside. The 0.87 area of support awaits. Godspeed.
Short
by Investroy
8
XAUUSD: GOLD'S CLIMBING THE OLYMPUSThe current push has brought gold up above the important 1800 psychological level; however, it seems like there is a small pullback coming on the way as the Greek gods of market try to shake this ambitious undertaker off the Mount Olympus. We're expecting the pullback into the zone of double confluence (diagonal trendline coinciding with the support zone of the previous bottom). As soon as, we hit that purple circle and we confirm that the trend hasn't fully shifted (have to wait for that bottom formation on the smaller timeframe), we will be able to enter the long position from there. For now, let's grab a popcorn and watch it unravel. P.S it is important to note that tomorrow is pretty much one of the last liquid days of the market for 2022, so.. this might take a hot minute and continue next year.
OANDA:XAUUSD
by Investroy
9
USDCAD: QUICK 110+ PIPS LONG OPPORTUNITY?Good time of the days traders, The chart above is pretty self-explanatory, but let's take a closer look at what's happening there. As we're approaching the last full trading week of the year, USDCAD is visibly stuck in the 1.36-1.37 box. If we zoom in at 1.359, we can see a 0.618 Fib zone coinciding with a support zone of decent relevance. This has caused the current rejection on H4 timeframe. If we were able to approach that zone again with the signs of further reversal, we would easily eye 1.37 zone in that 1:3 RR long trade that can happen by tomorrow. Either way, as always let's continue observing the price development and act accordingly.
Long
by Investroy
15
EUR/GBP: get ready for the upcoming bullish run!Taking a look at higher-timeframe charts of EURGBP, the following scenario can be observed: formation of an Inverse H&S pattern on a crucial area of support. This indicated that the price is attempting to reverse to the upside. Narrowing down to lower-timeframe graphs, we may see that the price has been unsuccessful in its attempts to push higher from the current state due to low liquidity. Hence, we are expecting for the price to re-touch the zone highlighted on the graphic and give us more confirmations by forming a LTF Double Bottom before launching to the upside. With the Stop Loss below the right shoulder, the 0.882 - 0.883 level of resistance will be targeted once long positions are executed.
Long
by Investroy
14
USD/CAD: detailed analysis. When to go short? Where to aim for?With the overall structure remaining bearish, we are looking forward to entering short positions on this pair and aiming for some nice profits. As it can be inferred from the 4H timeframe graph, the price has experienced a dramatic drop yesterday after the evening FED speech. As we know, after an impulsive move, a correctional one should follow before the price can continue moving in the intended destination. Thus, we strongly believe that the price will pull back and re-touch the 1.35 key structure that lines up with the 0.618 Fibonacci retracement level before continuing its bearish movements. Our initial long-term target will be set at the HTF Lower Low level as identified on the graphic.
by Investroy
14
USD/JPY: get ready for the pumpThose who have played Fortnite know how powerful the Pump Shotgun is in the game. But do you know what is more powerful? The pump that we are gonna experience on USD/JPY! Having spiked below the local crucial area of support that is plotted on the chart, the price has formed a valid bottom and is now ready to start its bullish impulses to the upside. Hence, without further ado, we are looking forward to entering long positions and aiming for the area highlighted on the graph (the zone of previous support now turned into resistance that aligns with the 50% Fibonacci retracement level).
Long
by Investroy
11
EUR/GBP: correction is needed before further bullish impulseAs it can be inferred from the graph, the price has printed strong bullish candles and successfully rejected the key area of support portrayed on the chart. Now, after an impulsive move, a correctional one is needed before further impulses resume. Thus, we are closely monitoring the price action and waiting for the price to pullback to the highlighted level before we enter long positions and aim for the initial target that is illustrated on the graphic.
by Investroy
9
USD/CHF (W and 8H): reasons to look for a long position Firstly, taking a look at the Weekly timeframe graph, it can be noticed that the price has experienced a dramatic impulsive drop and is currently sitting on a major level of support. We know, that after an impulse, a correction should kick in. And therefore, we are zooming into lower-timeframe charts and looking for extra confirmations (spike below the freshly formed double bottom and liquidity generation) before entering longs and riding them at least until the 50% Fibonacci retracement level drawn from the top of the massive recent impulse.
Long
by Investroy
7
GOLD (XAU/USD): multi-timeframe analysis. Bulls have taken overFirst and foremost, looking at the Weekly timeframe graph of Gold, it can be inferred that the price has broken out of the descending channel portrayed on the chart and started printing impulsive moves to the upside. Narrowing down to the Daily timeframe graphic, we can observe that the price has recently re-tested the highlighted area of resistance that lines up with the 61.8% Fibonacci retracement level. Lastly, zooming into the 8h timeframe chart, it can be clearly illustrated that the price is currently attempting to break above the local area of resistance. After a breakout takes place, a re-test will be awaited before entering long positions and riding the bullish trend.
OANDA:XAUUSDLong
by Investroy
10
USD/JPY: bullish moves are not over yet! When to buy?Looking at the higher-timeframe picture of the pair, it can be inferred that the price is currently in the process of correcting a previously printed impulsive bearish leg. After having broken the upper boundary of the sideways-moving range, the price has pulled back to re-test the penetrated zone. We can see that the 50% Fibonacci retracement level is where the price is currently sat and forming a bottom. We are expecting for a quick dip below the current level and a touch of the 61.8% Fib level before the price launches its bullish moves and starts rising. The 144.7 - 144.8 area of resistance aligning with the 50% Fibonacci retracement level is our initial target.
Long
by Investroy
15
EUR/USD: get ready for bearish continuations! When to short?Looking at the H4 timeframe graph of EUR/USD, it can be inferred that the middle-term sentiment of the market is currently bearish. The price has successfully penetrated the lower boundary of the descending channel that is portrayed on the chart and is now attempting to re-test the broken structure before potentially pushing lower to the downside. The 1.03 - 1.031 key area nicely aligns with the 50% FIbonacci retracement level drawn from the top of the recent impulse. Hence, we believe that the specific level is a good one to have eyes on for entering short positions. The 1.009 area of previous resistance now turned into support will be marked as our initial target.
Short
by Investroy
12
How to differentiate a fake-out from an actual break-outHappy Friday, sorcerers. Welcome on another educational post by Investroy! The trading and investing industry is a difficult one to succeed in as it has various complex details that you need to dig into both from technical and psychological perspectives. Predicting the price movement and understanding the logic behind it may be challenging at first. But as time passes and you gain experience, you understand the science behind price action and make more logical decisions. Today, we will talk about a rather puzzling issue faced by many beginning and experienced traders: the theme of differentiating fake price movements from real ones. Although, it is not always possible to separate the two to the full extent, it is feasible to build a plan around it and stick to it on a consistent basis. A fake-out is a failed attempt of the price to break above/below a key zone. Very often, it is associated with liquidity grabs and Stop Loss hunts. To demonstrate, looking at the illustration pictured on the chart, you can see how the price attempts to continue its bullish moves, but fakes out from the sideways-moving range and re-enters the borders of it instead. On the contrary, a breakout happens when price successfully penetrates a key level and continues its impulsive moves in the same direction Now, the question is: how to distinguish a real breakout from a fake one? Firstly, it has to be kept in mind that what goes up, must come down. In trading terms, after an impulsive move, a correctional one should come; after a breakout, a re-test should happen before continuing impulses. In order to identify whether a breakout is a fake or a real one, we should always look for a re-test of the penetrated zone after a break is completed. However, you have to keep in mind that it is not a 100% fact that a re-test will happen every time. Sometimes, breakouts will be so impulsive that price will not retrace back to re-test a penetrated zone. Nothing is 100% accurate in trading. Not every breakout will lead to a re-test before impulsive continuations. Not every fake breakout will seem like a fake-out at first. However, waiting for a re-test of a broken zone is a good way to evade fake breakouts and capture high risk-to-reward trades and opportunities. To conclude, if you want to make sure you don’t get faked out and liquidated, always wait for a re-test of a penetrated level before forming biases and executing positions.
BITSTAMP:BTCUSDEducation
by Investroy
9
USD/JPY: a correctional move is yet to be completedTaking a look at higher-timeframe charts of USD/JPY, it can be observed that the price experienced a dramatic fall last week. As we know, after an impulsive move, a correctional one should happen. Hence, looking at the 8h timeframe graph, it can be inferred that the price has been consolidating for a while and forming a bottom before starting to push to the upside. We are eyeing to enter long positions and aim for the 50% Fibonacci retracement level that lines up with a previous level of support that now acts as resistance.
Long
by Investroy
9