EUR?NZD is strictly following a wedge this year. Today it bounced off the lower support line, signalling that the price will follow this wedge in the near future. Be aware for the red marked area, as its the upper resistance line, where the price has a high probability of reversing.
CHF/JPY bounced off the lower trendline of the wedge, starting a short-term bullish move of an expected 100 pips. Consider exiting your position around the red area of support. Chances are that CHF/JPY will reverse and follow the multi month wedge. In case it surpasses the uppr resistance line, watch out for the blue dotted line as it functions as a strong short...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURCAD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
EUR/USD has bounced of the 3-month low yesterday, signalling a bullish move. The rejection of the support is accompanied by an oversold RSI, making the upward move much stronger. Consider taking profits when the price has reached the red area. Chances are that EUR/USD will follow the drawn wedge for the coming weeks.
Since Google’s last earnings hike a bearish divergence signal has emerged on the 4H chart. This divergence was accompanied with a massive sell-off after the earnings hike, resulting in a 4% decline. Large sell-offs like this could indicate a trend reversal. The 30 October high has on its turn shaped a wedge for us which we can act on in the coming months. The...
XEM/BTC has been in a massive decline since early September. As of today, the RSI and MA200 are showing signs of recovery! Over the past year, the daily RSI has been a good indicator for short term reversals, big and small. This time, however, we see a strong rejection of the MA200 accompanied with a reversal of the RSI. With the RSI being greatly oversold at 20...
Hello everyone, here is the top-down analysis for AUDCHF, feel free to request any pair/instrument or ask any questions in the comment section below. If you like the idea, do not forget the like! Best of luck!
on H4: GBPJPY is overall bearish trading inside our blue channel and it is currently approaching a strong support level 136.0 in green so we will be looking for trend-following buy setups on lower timeframes. On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around...
AUDCAD is forming a head and shoulders pattern around resistance. We also have a divergence adding more confluence to our setup. Our trigger would be after a momentum candle close below the neckline. And the stop loss would go just above the right shoulders. We always target double our stop loss! Good Luck!
price is respecting our downside trendline, also, there is some candlestick rejection on 5m chart(reversal pattern) could expect a lower leg being formed, to tap our -27.3% fib region risk/reward is great
Another great opportunity on usd/cad trade. We can previous taps of our fib region at 78.6% where we respected, considering the fact that usd/cad is still bullish, this could be a retracement region for USD/cad to create another leg to the upside. risk/reward is 1:2
Hello everyone, here is the top-down analysis for GBPNZD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
AN intraday position to start the week, we can see the respective third bounce at our trendline which could be considered as price new higher low, we could now be gaging momentum for further new highs. risk/reward ratio 1:5
At the beginning of the week, we said that Bitcoin will rise to $11,600 and we were right. It was local growth. Bitcoin options expire today in the amount of 62,000 BTC or $700 million. This is an important event that could trigger a breakdown of the $11,000 level. At the same time, with a high probability, we can see the price of $10,000 per bitcoin in the near...
Next week may also be bearish, but I see a strong move regaining the losses of the last 2 weeks coming soon.
maybe downtrend is ending. I have my ideas about it: 1. The price went up from yellow rectangle several times. It means that there is a high probability that we have trend reversal and we might get uptrend. 2. lets say price goes up to pink triangle and hold for a long time . Trend reversal probability will be even higher And we might get uptrend. 3. If the...
on DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes. Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected. on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are...