EURUSD selling opportunityEUR depreciating after a year and a half of staying within the same range, the fundamentals and technicals both point downward for the time being.
Disclaimer: This is a risky and long-term holding position, you can stay in the red for months before getting in profit, however if you have discretionary skills and get in at the right time, you might be able to make quick profits in several days or approximately 2 weeks. Stay neutral until strong confirmation of downtrend movement.
Sellzone
EURUSD - Bearish SharkBefore we go into the Shark Pattern, the EURUSD has a Bullish AB=CD Pattern on the daily chart and it's making a check back. This could just be 1 of the better setup that counter-trend traders can wait for a buying opportunity.
Trend Traders have to be slightly patient as 1 opportunity you can hop on is the Bearish Shark Pattern that completes at 1.1451 within the sell zone of 1.1432-1.1465.
AUDCAD - Bearish SharkA Bearish Shark Pattern complete at 0.9232 on the AUDCAD 1-hourly chart. If you are looking to ride on the buying trend, a buy entry when the candle touches the blue trendline as long as it never breaks and closes below the trendline or the immediate candle low price.
Personally, I won't be looking at that, and that is because there is only a 30pips profit potential heading towards the Shark Pattern.
What's your trade plan in tackling this trading setup?
AUDCAD - Bearish SharkAn emerging Bearish Shark Pattern completes at 0.9260. Upon completion of the pattern, the price of the candle close is important to determine if the sell zone is broken.
If you are looking for a buying opportunity, a retest on the bearish trendline(blue) without closing below the trendline can give you an aggressive buying opportunity.
GoldView Sell Target AND chart observation.SELL target 1774
Our trade played out nicely for the buy and as discussed we took our sell from that buy target. Our target for this sell is 1774. We are taking our sells with small lots and tight stops, as our overall analysis still expects another Bull run.
CHART OBSERVATIONS
H1 Chart
Ranging between Support 1789 and Resistance 1797
Price and Moving averages consolidating
Our moving averages are all below price, acting as support
Price is currently moving sideways between resistance and Moving average support
Currently what we see is a flatline effect, which is common before a breakout
This indicates potential for a large movement either direction
If Moving average support holds strong we can expect an attempt at 1797 and then 1800-1806
If support is broken the next level of support challenge will be 1778 and below
H4
Support 1789 and Resistance 1794
Moving averages are all below price, acting as Support
Price is currently challenging 1794 and all our moving averages
If price breaks resistance at 1794 the next level of resistance will be 1800-1804
However if price is unable to break resistance it will attempt to test support at MA21, MA63 and MA84 before support at 1787 and below
D1
MA200 is acting as strong resistance
MA21, 63, and 84 are acting as support
Please like, comment and follow to support us.
GoldView
We will carry on selling the EURUSDThis week we will be looking for new selling opportunities on EURUSD.
For now, the main and preferred option is to see another rise to the 1.1640-1680 zone and from these levels, we can expect a reversal.
However if we have a drop in price today, we will look for entries at a lower levels.
We expect a breakout of 1.1525 and continuation of the downside move.
DO NOT rush with the entry, but wait for rejection from the area and confirmation.
In case of any questions, make sure to ask!
EURUSD-Weekly Market Analysis-Oct21,Wk4EURUSD present a structure trade more than others. A daily chart sell zone of 1.1641-1.1522 provide a great shorting opportunity for trend trading traders.
Even a break and close below, the key resistance level is held at 1.1686 for a final shorting opportunity as a trend trading opportunity.
EURUSD-Weekly Market Analysis-Oct21,Wk2EURUSD is on a Bearish Trend, if you are looking for an aggressive shorting opportunity, you can wait for an engagement opportunity within the sell zone within with supply level at 1.1610-1.1589.
Another shorting opportunity will be within the Bearish Channel as long as it didn't break and close above the upper channel.
GBPUSD-Weekly Market Analysis-Oct21,Wk1On a bigger picture, GBPUSD is also on a sideway bounce setup but what it is very different from EURUSD is that GBPUSD respected the structure better than EURUSD and GBPUSD is at its Weekly Support Level.
Traders who are looking to short GBPUSD can wait for a Bearish Shark Pattern complete at 1.3790 for a shorting opportunity as a trend trading trade.
EURUSD chart forecastIn the name of God
Hi
The current price is in the range ( blue BUY ZONE ). Several modes can be considered:
1- The price should move upwards and towards ( SELL ZONE ) after a pullback. ----- LONG
2- The price should move upwards and then downwards after a pullback. Simply put, a volatile market.
3- The price should move downwards and towards ( purple BUY ZONE ) after a pullback. ----SHORT
Of course, given the economic data that is about to be released, and given the level of support that exists, it is very unlikely that the price will move below the purple ( BUY ZONE ) level.
In my opinion, the bullish market and the volatile market are the most likely.
Also, since the chart is in a downward trend, the floor and ceiling of this canal are a good place to enter.
This is my first analysis. I hope you help me become a professional with your good comments.
POSSIBLE SHORT ON US30This is what I am seeing happening after the breakout of the trendline to the downside. Will update as time goes on, stay tuned!
Good Luck.
God Bless!
NZDUSD Downward expectation!Hey guys,
Based on the chart movement price reached to a resistance area and also it reach to the top of the downward channel.
So the scenarios are:
1. Reaching price to the top of the downward channel.
2. Price rejections (starts happening from 6th of September)
3. The price reach to the 0.618 Fibonacci of the previous wave
4. Hidden divergence on RSI(14)
So these 4 reasons lead me to be seller (or seeking for sell opportunities) on LH (Lower Highs) of the market.
Note: Please consider the key price level 0.7 during this downward
** Please consider risk management rules before opening any position on the market.
Good Luck!