AUDUSD has had a successful bull rally and a new higher high is ocular on the Weekly timeframe. Meanwhile on the daily timeframe, AB is the the .786 retracement of move XA while BC is rallying towards the .886 possible retracement of move AB which also comes about as the supply zone.The resistance level evident with the multiple testing of the zone by the price...
ZEEL is trading in a wide Bearish rising wedge . And currently at the support of major Sell trendline and at the demand zone . Looking to SHORT below the zone breakout after retest . Looking to BUY if confirmed with a price reversal pattern (lower TF) or candle stick catalyst on the confluence with good volume and momentum.
Purple = weekly Blue = Monthly Orange = Daily grey = 4hour pink = 1 hour Hello Traders and Analysts, Based on what merit? We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within...
Hello traders & analysts, Hello analysts and traders. Price touched the trendline on the 4hour chart. SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high not the risk off mode were related to profit taking in order to generate further longs . The buys are still on!...
If you got in when i posted at 114 you should be up over 100% on your contracts. Bull flagging here, loading up for another leg up. PT $124
🙋♂️Hello FX Community! Check out my Intraday analysis for AUDUSD and also my entry levels. More descriptions about my trading. I am not patterns trader. My strategy and edge is looking for strong volume zones where Big players were trading. And if a market will come to this zones, I want to trade there again with them. So every day I prepare key levels and...
i hope you all have done the same stop loss at 190 protecting from exchange positions manipulation. if price hoes above 200 please exit and book profit. For buyers, Don’t hurry hold cash. Like and follow if you find my ideas worth it.
This market appears overbought at this point.We want to see the market correcting itself by falling to 1.18383 We will continue to monitor this market and price action. If however we dont see this kind of movement then we will be ready for a bull market till 1.28**
This is looking more and more like a bull trap the more i look at it... We've seen a strong push to the upside around 20% or so from the lows and now everyone thinks its "bull season" I'm sure most of you is aware of the dead cat bounce theory, and for those of you who don't it is basically the thought that if you drop a cat off the roof it will bounce a bit...
I pulled the text, etc. down on the chart for the candles to show better. This is the 1D timeframe. See how long the uptrend was? A good few weeks right? I think we're going to be seeing a downtrend for a while. So far, if you look at the chart, with that tangle of trendlines and support and resistance you'll see that the market always returns to specific levels....
Short EURAUD Entry: 1.558845 SL: 1.593 TP: 1.578 Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance. Market also holding below 55 period EMA MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade. This is a follow up from my previous...
DAX30 is sitting right around the trend line, My personal view is that it will move back towards the upside from here and the trend line will hold its level and we will be looking at 12400 in the next week or so. However any geopolitical news will be a major turning point for the Index and Possibly send this towards 11300 Area.