Hello Traders, This is the daily chart A broken bullish and a bearish channel. regarding the current chart we could see that the bullish leg in bearish channel is broken and a new shorter-term bearish channel has been formed. I'll short the pair after confirmation to somewhere around the zone and coincide of middle of bearish channels.
Hello Traders, Regarding the daily chart it's clear that the pair had made two zones we are supposed to trade between these two zones until break or signs of break. We could observe that there are stronger bearish candles around upper zone and stronger bullish candles around lower zones, so zones are still strong. You can take a short-term trade after breaking...
Hello traders, Japan with it's monetary policy provided great profit for traders so far. It's going to end soon or late and rates might reverse. We had heard relatively good news about Japan Yesterday. But I think It's soon to consider JPY bullish and thus the USDJPY bearish! The bullishness is clear in it's daily chart: 1- Bullish channel 2- Broken Mid-line 3-...
Hello traders, First let's take a deeper look at daily chart!! We are in a bullish leg of a bearish channel. I'm waiting for a reversal to enter around the zone!
Hello Traders, AUD/JPY has been on a remarkable bullish run, riding the trend within an ascending channel on the daily chart. The price is now approaching the upper boundary of the channel, and while the bulls are in control, we need to watch for signs of exhaustion. Resistance at 110.00 Support at 108.50 (trendline) Next major support at 105.00 (midline of...
Hello Traders, This is the long-term bearish channel of the pair: Reaction to the gap and middle of long-term channel is clear in the above chart. Let's search for TP! This is a Strong Resistance I think it might be a good target Let's take a look to the news! Most important one which is GDP was a surprise for Pound, bearish for the pair. Monthly industrial...
Hello Traders, Let's look at daily chart! A zone and a Bullish channel is there! The zone wants to push us down while the channel and the current leg is trying to move us more up! If you are a longer term trader wait for any bullish or bearish break of the channel! In case of bearish break we need the trendline to break too! But if you are a shorter term...
This is the Daily chart We are between two zones! both are strong enough to make the pair be in a range. Regarding the 2h chart a bullish channel is broken Sign of weakness in Buyers! You can see strength of CHF in USD CHF chart too! Yet soon to short! I'll short after breaking the zone! with final target of 0.9600
This is the Daily chart! We are still between two zones. Tomorrow CPI release would make the direction clear! For now We have this view that in case of any bearish move to the zone we might have a great chance to come back to 2405.00! I don't consider it bearish as long as it's over 2265.00
Hello Traders, Just like Aussie! kiwi has had a bearish weekly channel. But it is broken for Kiwi! regarding the weekly chart we had a reversal or we might need a one! but considering the daily chart: We are in a bullish leg of a bullish channel that even broken the shorter term bearish trend line. Let's long it!
Hello Traders, Honestly BTC has surprised me, read my related post to get what I mean. It was all for Germans government! ;-D Okay they will run out of crypto soon and market will start to move up again. at least till January. Remember so many miners turned their engines off and it may takes a while for them to come back to the industry because they might be a...
Hello Traders, Aussie in the weekly chart has broke the long-term channel. It is starting a bullish move now! But we might see a reversal soon or late. The daily cart is overbought in a bullish channel! Again another reason to be bearish Regarding the current time frame! the trend line should be broken and the level of 0.67000 should be touched, then we...
Dear Traders, AUDCAD is seeing a long-term bullish channel! There might be a reversal from middle of the channel The last week triangle is not completely broken so we need to wait before long the pair! Any breaks over the zone is a confirmation for trend continuation But any strong reaction to the zone could create new short-term bearish channel.
Daily chart is bearish and overbought! perfectly ready to be shorted! Only thing that makes us doubt is reaction to the middle of the channel. 2h chart is super bullish this both great and dangerous for the buyers, these sharp channels tend to broke. We are overbought in all charts and we have seen great momentum. thus I think the bearish channel which a...
Gold is currently consolidating within a descending triangle on the daily chart. With the upcoming US GDP data release on Thursday, I anticipate significant volatility that could lead to a breakout. Support Zone: $2,280 - $2,300 Resistance Zone: $2,407 - $2,450 Breakout Strategy: Buy Setup: Enter long on a break above the upper trendline. Targets:...
Hello Traders A bearish channel is obviously clear in the chart but it is broken! A short-term upward is going to be formed. Bullish scenario: SL: below the zone TP: Around the Line Bearish Scenario would be activated in return to the bearish red mid-term channel. Federal Reserve Chair Jerome Powell Could change the price direction and should be closely observed.
Long-term Fibo channel is clear here! There might be a reversal Regarding the mid-term channel a bearish trendline is broken A new short-term channel which is tradable could be formed. Short-term traders could take profit around the zone. But I think we should hold out cryptos till January. read the related ideas see my reasons for that
Hello traders, JPY journey to lost it's value was profitable for many traders. but when it's going to end? i suggest observing HTF and I'll do in near future. But for mid-term view I think we might see a reversal so if you are an intraday trader please take less risk in longing the pair. I'm waiting for middle or bottom of the channel to start longing again!