FOREXCOM:XAUUSD is forging a local trend after a small correction on Monday. At the moment, as the prices are trading inside the flat, the target is the area of 2044-2048, from which a decline may follow. On D1 we see two key figures, which play an important role at the moment - resistance 2048 and the descending price channel, which characterizes the whole...
FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth. Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall...
✅EUR_GBP will soon hit A horizontal resistance level Of 0.8560 but its a stong Level so after the retest I will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅GBP_JPY is trading closer and closer To the strong horizontal key level And I think that the pair will retest it on Monday After that, I am expecting a move down To retest the local support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPJPY 16-20 August 2021 Outlook and Trade Plan Monthly structure still holding bullish with previous 2 months bearish close respecting 152.00 key level. A close below 152 will encourage more shorts to test the lows at 149. Weekly continuing the bullish momentum after 23 July solid close. Previous week bearish close formed a solid resistance and barely...
Evening Traders, Today’s analysis – AUDNZD – trading back with in its range with a deviation back towards the lows, Points to consider, - Price Action Impulsive - Range High Resistance - Range Low Support - Low Volume AUDNZD’s immediate price action is impulsive, trading below its range high, putting in a potential bearish retest. The immediate...
Evening Traders, Today’s analysis – OGNUSDT – trading above range high where a bullish impulsive is probable, Points to consider, - Price Action Impulsive - Range High Support - Swing High Objective - RSI Extended OGNUSDT’s immediate price action is impulsive, trading above a key trade location it must be held for a bullish bias. The RSI is currently...
Pretty interesting entry point, for the short term rally.
gbp jpy broke the psycological area of resistance and gone up tp the next resistance level so as per technical aspect market is going to retest the broken structure in coming days or so so a lot of patience and money management required here look for bearish confirmation on lower time frames and enter short with your own money management patience with...
Points to consider, Perceiving LTCUSDT’s chart, price action is current trading under a key Daily S/R level that needs to be breached for a bullish bias to be valid. Price action has deviated from its swing high with a strong bearish expansion into a liquidity run. Tapping the mid Weekly S/R validated an S/R Flip Retest of the level, this confirmed price action...
Good Day Everyone Here's a look at the AUDUSD pair, the U.S DOLLAR began to regain strength this past week so this could change some of the trading plans against the DOLLAR. We saw a break above the symmetrical triangle structure the pair pushed up and found resistance at level 0.69981 now the pair has seen another rejection at this level forming a double top...
GBPUSD is currently testing a possible support level. The last candle was a long legged doji which confirms support here. This is a good low risk opportunity to go long with and good risk to reward of 5:1. A stop needs to be placed just below the shadow on the doji candle at 1.30033 and would target 1.30800 which is just below the area of resistance marked on the chart.
In the last 3 months the EURCHF has created a really strong Resistance line that is slightly declining. The price is getting close to that line again so we should expect an another bounce down from this line. Just mind that the lowest point of the last 3 months price consolidation was on the 2nd of january and from that point the next lowest points are slightly...
After being stopped out trying to reenter as the market seems like just made fake breakout. 1)Stop loss above the last upswing. 2)Profit target is at the recent downswing.