We see how the price is reaching areas of a bullish OB, where it is also accompanied by an oversold level for what it considers, it is facing a good opportunity to seek a purchase position due to risk or confirmation Here an idea of buy position by risk or Do not forget to maintain good management
The price is touching within a bearish OB, likewise a pronounced bearish divergence remains, which makes me think that it is only a matter of time before the price falls, initially to the marked support This is my idea of a possible sales position, remember good risk management
You can see the obvious formation of a descending triangle pattern which is preceded in its primary phase by a downward impulse and since this is a continuation pattern, the price would seek to break downward, heading to the bottom of the OB in 4h , approximately in .91100-.90863 If you are looking for an optimal entry for sales, this would be in my opinion when...
It can be seen how the price has formed a downward channel during the last days and right now it is at the top of it from where I think, in the first instance it would visit the support mentioned in the area of 1.42427, where if it were not maintained it would visit the lower zone of the channel approximately by 1.41-1.409 This opens the doors to the...
Well, here we have the usd/jpy entering a bearish reaction zone, which could lead to price testing the breakout zone again. We see that the dxy is within a reaction zone maintaining overbought levels, this could trigger a retracement, thus causing the usd to lose a little strength against the jpy It is important not to go unnoticed that the usd/jpy maintains an...
In the last few days too many pairs have been moving in infinite ranges and the Eur/Jpy is not far behind, everything seems to indicate that the price has wanted to break down twice without much success, which is why I think the price I would seek to break in the opposite direction (up), but not before, of course, make a due retreat because, as can be seen, it is...
Looking at the chart, we can notice that the price has been moving within a range for a few days which, in its primary phase, is preceded by a bearish momentum, leading to the formation of a bearish rectangle pattern, which should end with a break down It is important to note that in minor timeframes it is at an oversold level, so when touching the support,...
The pair has been moving in a range in recent days and taking into account the movement prior to its entry, I would say that it is a bullish rectangle pattern, which following the trend preceding the entry of the range should break upwards. On the other hand, it is interesting to see that in the 1h period and below it is at an overbought level, so in principle...
The GBP/CAD pair seems to be forming a descending triangle pattern, which opens two possibilities and that is that even though it is considered a continuation pattern, it could also be a reversal pattern. Currently the price is in support in ob bullish in the 1h timeframe, in the 4h timeframe it is oversold and taking into account the probable formation of the...
I see possibility of going long in the marked POI, I think you could enter due to risk, although best thing to do would be to enter by confirmation