Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
EURCHF has broken out of cloud with Chikou span free with bullish TK Cross and Kijun is also not flat. It also aligns perfectly with zone to zone.
EURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13. There is a large amount of market structure at the 1.135 area so we could just see a continuation of the...
No clear trend to me this week but mapped out a few key areas of S&R
Market Breakdown & Trade Analysis on GBPAUD In today's trade analysis and breakdown I will be using the letters A-G to represent our multiple confirmations. With the Power of Confluence, Lets Begin. On GBPAUD we've identified our Key Levels represented by the Daily (Red), 4HR (Orange), and 1HR (Green) Horizontal Lines. As we uncover this analysis we will be...
hello guys were looking at a long EJ trade this is active right now!!! follow the red lines for tp area. ive used fibonacci retracements and extensions on both daily and 4 hour for entries and exits. i removed them to get rid of clutter. if you like this analysis please follow my link to get up to the min alerts on forex, stock, and crypto plays from my team and...
we are looking at the EURNZD short based off it being in a resistance zone. it is also at the daily 2.00 fib extension which indicates a heavy reversal point. and the resistance zone happens to be in the 50 - 618 fib retracement area. we will continue to look for rejection but 4 hour doji is good. if you like this analysis i welcome you to check out daily...
Looking at the daily this morning XRP has been trading in about a 10k satoshi zone, which breaks down to two key zones on a 4HR in my opinion. In order to get a sense of which way price action is looking to trend, i'll be looking for a daily candle close above or below this zone. On the daily, the zone I've charted (pink box) covers from about .00011600 to...
this trade was taken off of the daily TF. Market came back into weekly Supply and pushed back down. Created a lower high shown with the yellow eclipse. This LH pushed hard off resistance creating a bullish engulfing pattern. This is where i waited for the market to retest @ 113.077 With stops above previous high and Take profi at the next daily demand zone @ 110.482
CADCHF -0.75% bears has been pending for quite some time now and last week, we had a nice sell down from legendary supply zone . However, friday's close did not break my support zone. Perhaps CAD is stubborn because of the potential more bull in Oil 2.57% due to the dramas in Middle East? Since xxx/CHF pairs are bearish at the moment, last week's price action...
The dollar index is forming a triangular wedge. The $EURUSD pair will move up for a while if the dollar index bounce back into the wedge from the top trendline. Watch the movement and place your buys with tight stop loss. Overall, the pair is more bearish. However, scalping is possible while the dollar index is moving within the channels of the wedge.
I marked two ellipses on the weekly chart: blue and red. Ascending Blue Ellipse is working since Dec_2015 dip of 1050. Latest boundary reaction of blue ellipse was at 1205 level in July.2017. Descending Red Ellipse is active since June.2016 high level of 1375. Last week we saw the latest boundary reaction of red ellipse at 1360 level. Now we are in yellow price...
This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!
A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!
-My whole reasoning behind this trade is described on the chart -Stops below Demand zone *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE, THIS IS NOT A TRADING SIGNAL.