1) Broken market structure with new LL 2) Price retesting at the neckline 3) double top at the neckline 4) Price broke out off bearish channel initially Looks like sellers are entering the market
After reaching yearly highs, GU met resistance at 1.31500 which formed a double top formation on the higher timeframes. With the DXY showing a bullish market after yearly lows last week, Sellers are beginning to take control of the market. I am looking to swing this pair down to previous resistance at 1.27550. I am also using the confluence with Fibonacci zones to...
Price has drop and broken previous major and minor support levels and created a new low. 2hr is showing a quasimodo forex pattern with a high probability to the fall after breaking support with clean traffic looking left.
first targets around 97. looking to be a buyer in the 96.70-96.5
We've got 2 possibilities right now : either AUD/USD is going to break the VWAP and decreasing or it 's going to pull back which means that there's a correction currently. The volumes are particularly lows which indicates the sellers are there but lack of strength. A confirmation from the market is needed to that point to sell or to buy with confidence. There's no...
The volumes are lower than few hours ago. The buyers now are trying to push it to the top but the sellers are there. I really think EUR/USD is going to decrease. Now it's testing the VWAP. EUR/USD to watch carefully during a couple of hours.
The battle between buyers and sellers has not really started yet because of the volumes (low). USD/JPY is above the VWAP but is looking for itself. IUSD/JPY to keep in Portfolio.
USDCHF POTENTIAL SHORT OPPORTUNITY SO IF YOU TAKE A LOOK AT THIS CHART IT IS DISPLAYING SIGNS OF STRONG SELLER. USDCHF IS SITTING AT VERY STRONG YEARLY HIGHS AND RECENTLY ON 1D AND 1W CHART PRICE HAS SEEMED TO TOP OUT AT THIS RESISTANCE POINT. ON THE DAILY CHART DATA TIMEFRAME YOU CAN SEE HOW SELLERS HAVE SHOWED STRONG INTEREST AND SIGNS OF SELLER TREND STARTING...
Bears stepping into GBPJPY as it approcahes the 50% fibonacci level, Hopefully sells sentiment continue with this bearish momentum and take price down towards. 141.500 in london session. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light...
We have seen price reverse last week from the highs of 1.6295 zone, Price is at a major zone at the moment (1.61011) but a bearish market should continue till 1.59687 zone as buyers could start opening their long positions. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether...
Posible Corto, rechazo en temporalidad de 1 dia... zona fuerte de vendedores..
As we can see from the chart above, the cross reached a very important resistance first established back in May as a support and tested in June; the "change of polarity" happened in July, when price dropped of more than 4% in 2 trading weeks. As the saying goes: "the first test never fails"; it didn't indeed. We could be in front of a retest of the resistance,...
USDCAD POTENTIAL SHORT OKAY SO IM MAKING THIS POST TO FOLLOW UP ON THE RECENT POST THAT I HAD MADE FOR THE LONGER TERM VISION OF MY USDCAD SHORT BIAS. AFTER LOOKING AT THE WEEKLY TIMEFRAME THERE WAS A STRONG SELLER MOMENTUM PUSH TO THE DOWNSIDE AND NOW FOR THE PAST FEW WEEKS THER HAS BEEN A BUYER RE-TEST BACK INTO STRUCTURE THAT WAS BROKEN BY THE SELLERS. IF YOU...
EURCHF POTENTIAL SHORT OKAY SO I DID ANALYSIS ON THIS PAIR A LITTLE OVER A WEEK AGO AND DECIDING NOW TO POST IT FOR YOU ALL! OKAY SO AFTER LOOKING AT EURCHF IF YOU TAKE A LOOK AT THE LEFT SIDE OF THE DATA CHART YOU CAN SEE THAT THERE WAS A VERY VERY STRONG SELLER MOMENTUM THAT MOVED PRICE FROM 1.200 TO .9700 MAKING IT A 20% DROP IN PRICE! VERY VERY RARE EVENT TO...
THIS IS A MORE AGGRESSIVE TRADING SETUP BUT I WANTED TO MAKE THIS POST FOR THOSE THAT STILL SEE POTENTIAL IN THIS PAIR. IF YOU LOOK AT USDJPY IT HAS BEEN DOWNTRENDING CONSISTENTLY ON THE DAILY CHART FOR A LITTLE OVER A MONTH NOW. IF YOU LOOK THE SELLERS ARE STILL CREATING NEW LOWS AND PUSHING PRICE ACTION TO THE DOWNSIDE SHOWING THERE IS STILL INTEREST IN SELLING...
EURUSD POTENTIAL LONG IF YOU TAKE A LOOK AT THE EURUSD CHART YOU CAN START TO SEE SOME CHARACTERISTICS OF A POTENTIAL BULLISH MOVE ON THIS PAIR. YOU CAN SEE THERE WERE LOWS CREATED AROUND 1.11300 BEFORE PRICE MADE A DOUBLE BOTTOM AND A PUSH TO THE UPSIDE BREAKING RECENT STRUCTURE ON THE DAILY TIMEFRAME. THE SELLERS BROUGHT PRICE BACK DOWN AND AS YOU CAN SEE THE...
USOIL POTENTIAL SHORT OKAY SO I MADE AN ANALYSIS ON THIS COMMODITY A COUPLE WEEKS BACK WITH A LONGER TERM VISION FOR WHAT I BELIEVE WILL BE THE NEXT BIG SWING FOR THIS COMMODITY. AFTER SEEING LAST WEEKS PRICE ACTION THERE WAS A WEAK UPWARD PUSH BY THE BUYERS FOR MOST OF THE WEEK BUT AS YOU CAN SEE PRICE FAILED TO BREAK ABOVE RECENT SELLER AT THE 59 LEVEL AREA. IT...