The 4h trendline on GBP/USD pair has falled down.Currently (after the retest),the price staying on a key level.If the support line break down we have a good opportunity to open a short position, because the next powerful level is far enough.
In the related idea, I was waiting for a retest, a rising second wave of in a falling trend. Now here it is with a perfect double retest by a Zigzag correction at the .618 Fibonacci level. After this textbook situation, I expect a downturn again. Go to the deep! Any rising above 41.71 eliminate my forecast!
Lets see how this one goes..
I don't think much explanation is needed here. Past breakouts were followed up with +10% moves up to 125% moves. Watch very carefully the next coming weeks!
We may await of a retest of trendline structure first.
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #GOLD In a previous analysis I predicted a break to the downs side from the descending triangle and explained how I will buy gold, 'link below this idea" well it did not come to my entry point yet, but now we have gold forming a...
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #EURCAD Prices keep pushing against resistance line inside a wedge or triangle and each time it got rejected it came back stronger, as we can see from the higher highs, I think we can break resistance and we can look to buy if price...
EUR/USD OVERALL DOWNTREND BUT THIS MOMENT IS CONSOLIDATE SET YOUR RISK FREE .WAIT FOR PREVIEWS SUPPLE AND DEMAND ZONE AFTER REJECT TO UP MOMENT YOU CAN ENTRY SHORT POSITION .GOOD LUCK
Hey there, Today on USDCHF we had a very strong bullish move on the support level around the 0.96600 area. Throughout the day the price action broke through two clear resistance areas one upper structure at around the 0.97200 area and continued up to the upper trend line on the symmetrical triangle. Price action pushed through and re tested both the upper...
I'm considering placing a buy order a few points above current weekly candle. Given the outcomes of covid19 turning positive (mainly for China) I retain the possibility of Alibaba (aliexpress included) to be one of the first industrial giants to regain pace on the asian side. If price will break out from current trendline, I think an advance to 250 could be in the...
As PDD broke its major downward trendline , a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: - The recent downtrend has been broken with decent volume - The 20ma was broken and held, pulling in moving-average traders off the side-lines - A recent low offers a perfect spot to put a logical...
Hey,👋 Support this idea push the like button, share and comment below that will help me a lot, and most of all hit the FOLLOW button so you never miss any analysis 😉. Update for #AUDUSD in a previous analysis, I predicted this move exactly, I will leave the link for you below to check out, prices moved 170 awesome pips in our favor, congrats if you were able to...
Hello traders if you like this idea, show your support push the like button, share and comment below here is the analysis for GBPUSD the pair broke out from minor resistance to face different major resistance 1.2100 level, but we still have room to go there, I will be monitoring the prices on the lower timeframe for the chance to go...
As F breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8 Factors leading to the decision: Medium-term upward trendline broken A recent small retracement created a lower-high which is an...
As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent downtrend has been broken with very heavy volume The 20ma was broken, pulling in moving-average traders off the side-lines A recent low offers a perfect spot to put a logical technical...
I am long bias for GBPAUD, I am looking to see if we can get a pullback to the 61.8% level first. Or if price pushes higher from here, we will look to see how it reacts to the monthly level of 1.95000