Goal: 3342.2 Units (EURZAR)EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
Pivot
GBPNOK Bull Market (September 14th 2022) Wait for a close above 11.6900 in considering a long position. Candlestick must close above 11.6900 in order to consider a long position.
Market conditions currently look good for a potential move upwards. Higher low formed at time mark 19:00 on 1H Time Frame.
Pivot Point Entry Idea For Future Trades Enter at Pivot Point, 50% Retracement. Enter any value between 38% and 50% Retracement.
Entry Price 18.36680 Target Price 18.46900 (EURTRY)Expect price to increase 1322.0 units for currency market EURTRY.
GBPUSD Weekly Analysis (12th to 16th Sep. 2022)From the weekly pivot, if price continue to move up, I'll place a short position at R1 (1.1691). I'll only consider a buy if price drops to S1 (1.1448). Placing a buy will be confirmed based on the daily pivot during the week. Good luck 🤞🏾.
USDCAD PULLBACKThe usdcad pair rallied to hit the resistance level as initially predicted in my previous posts but couldn't hold above it.
This negative closing suggests that the price will make a pullback with the initial target at the pivot point.
Pivot Point Levels For XRPUSD (September 8th, 2022)Watch Pivot Point Levels For A Possible Entry. Specifically, watch for a rejection candlestick at pivot point.
EURZAR Trade Idea On September 6th 2022EUR/ZAR hit take profit from the September 6th, 2022 trade idea.
Link To Chart:
Link To Image:
EUR/USD Short-Term Rebound!• The weekly S1 (0.9880) provided support for the EUR/USD, which has since attempted to close the gap. It has encountered resistance at 0.9935 and currently appears to be unsure. It might shift sideways in the near future.
• Price declines are still possible as long as the pair remains below the descending pitchfork's Resistance Trendline, signaling a bearish bias. A new sell-off could be announced if the gap is not closed. Only a valid breakout above the Resistance Trendline could signal a larger growth.
Good Luck Traders!
GBP/USD Challenges A Key Support!The GBP/USD pair retested the downtrend line and has since fallen under the previous low of 1.1624. It will be interesting to see if it can validate its breakdown. After today's sell-off, a brief rebound is not entirely ruled out.
GBP/USD may continue to move downward as long as it remains below the downtrend line. Technically speaking, the weekly S2 (1.1600) also serves as a downside barrier.
The GBP/USD pair could only begin to gain new bullish momentum if it managed to maintain itself above this downside barrier and successfully break through the downtrend line.
Pip Goal: 78.7 Pips (CHFJPY)Wait for a price action signal like a Pin Bar, Rejection Candlestick, or Engulfing Bar for a long entry.
EURNZD BROKEN RESISTANCEPrice recently broke above the resistance and has retraced back to it.
Look for reversal confirmations on a lower timeframe before opening buy positions.
XAU/USD Rebounds Again!• On the H1 chart, you can see that XAU/USD found support just beneath the downside line of the channel. Only a false breakdown and an upside turn were registered. It tested the S1 (1,706) static resistance (support turned into resistance).
• It has formed a flag pattern in the near term, which is considered a bearish formation. Major uphill challenges are represented by 1,711 and the downtrend line.
• "Keep it Simple", Good Luck!
USD/JPY Attracts More Buyers!Technically, the USD/JPY pair is positive as long as it remains above the R1 (138.20). Upside barriers are represented by R2 (138.90) and 139.07.
Additionally, the uptrend line functions as dynamic support; only a new lower low and a legitimate breakdown below this line might render the upward scenario incorrect and herald a bearish reversal.
