Pair: GBPJPY Trade Opportunity: Sell Type: Scalping The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level. On the 15-minute chart,...
Pair: XAUUSD Trade Opportunity: Sell Type: Scalping I am expecting a trend-following bearish trade. The market is moving overall in a pattern of lower lows and lower highs on the daily chart. Recently, it broke the support level from October 9 to the downside last night, and now it is retesting this support level, which we now view as resistance after the...
Expecting a trend-following buy trade from the current price level. The overall market trend is bullish, with a recent breakout of resistance that led to a new high. Now, the market is retesting this former resistance on the daily chart, which we’re viewing as support. On the 1-hour chart, a double-bottom pattern has formed, and its neckline has broken. We’ll...
GBPCAD BUY The market trend is bullish on the daily chart. A new high was made on October 29, and today, the market is retesting the last resistance, which we now consider as support. 1 Hour: The market has formed a double bottom trading pattern, and its neckline has broken to the upside. We will take a trade on the retest. ENTRY 1.80246 SL 1.8000 TP 1.8045 & 1.8105
On the daily chart, the market trend is bearish due to the breakout below the support level from October 10th, which occurred on October 25th. Today, the market is retesting that same support level, which we now consider as resistance. 1 Hour Chart: The market has formed a double top pattern, and the neckline of this pattern has already broken to the downside. We...
EURUSD BUY ENTRY 1.08217 SL 1.0840 TP 1.0763 The daily market trend is bearish, forming lower lows (LL) and lower highs (LH). On October 22, it broke the support level, created a new low, and is now retesting that support, which is being viewed as resistance after the breakdown. In the 1-hour timeframe, the market has formed a double-top trading pattern....
XAGUSD(SILVER) BUY ENTRY 33.79 SL 33.37 TP 34.29 , 34.46, 34.73 AND 34.84 The market trend is highly bullish, having made an all-time high over the last 10 years. This week, it broke its last resistance to the upside and is now retesting that resistance, which has turned into support after the breakout. On the 1-hour chart, the market has formed a double bottom...
The market's daily trend is bearish, and yesterday, it made a new low after breaking the last support. Now, it is retesting that support, which we will view as resistance. 1-hour timeframe: The market has formed a double top pattern, and the neckline has broken to the downside. We have taken the trade on the retest. Entry 0.60515 Sl 0.6070 Tp 0.6023
Scalping trade USDJPY LONG ENTRY 149.894 SL 149.70 TP 150.09 ,150.25 AND 150.30 We are observing a trend-following trade. After breaking the daily resistance, the market has made a new high and is now retesting the previous resistance, which is now our support. On the 15-minute chart, the market has formed a double bottom, and the pattern’s neckline has...
Scalping trade Eth-Usd sell Entry 2615.47 Sl 2626.76 Tp 2603.10 & 2592.75 The 4-hour trend is bearish. The market has broken the support and made a new low. Now, it is retesting the support, which has turned into resistance after the break. On the 15-minute chart, the market has formed a double top at the 4-hour resistance. now its neckline broke below, we are...
ENTRY 2645.64 STOP LOSS 2670.02 TP 2616.80 & 2606.21 The daily trend is bearish. The market has already made new low and is now reaching the second resistance, from where we can expect a sell trade. On the 1-hour chart, a head and shoulders pattern has formed, and its neckline has already broken to the downside. I've taken a trade on the retest
EURNZD BUY ENTRY 1.7340 SL 1.7900 TP 1.80776 The market trend is bullish, and it is moving in a higher high and higher low pattern. On October 9, the market made a new high, and now it is retesting the last resistance, which is now our support on the daily chart. On the 1-hour chart, a double bottom pattern has formed, and its neckline has broken out. We took...
GBPCAD SHORT ENTRY 1.78718 STOP LOSS 1.7915 TARGETS 1.7822 , 1.77925 AND 1.7753 The market trend is bearish, with lower lows and lower highs on the daily chart, and the market is now approaching resistance. On the 1-hour chart, a double top has formed, and its breakout occurred at the start of the London session, which is a strong signal to sell. For extra...
USDCHF BUY ENTRY 0.8541 STOP LOSS 0.8520 TARGETS 0.8565 ,0.8586 & 0.8589 The market has broken a strong resistance zone at the 0.8550 level on October 4th on the daily chart. Now, we will watch how this resistance turns into support after the breakout, as the market has currently reached that level. A double bottom pattern has formed, and the neckline has been...
ENTRY 0.6143 STOP LOSS 0.6100 TP0.6195 & 0.6206 The market has reached a support level on the daily chart, where we might see a potential buy opportunity within a ranging market. If the double bottom pattern on the 1-hour chart breaks above the neckline, we will look to enter the trade on a retest
I'm expecting a trend-following trade from the current daily support level where the market price is now. I found a double bottom trading pattern on the 1-hour chart, along with a falling channel. Both patterns look the same, and there has been a break above. Now, I'll look to take a trade on the retest. Entry 2338.54 Sl 2329.25 Targets 2358 , 2364, 2369, 2374
I am expecting a pullback trade from the current daily support level where the market is now. If we analyze the 1-hour chart, a head and shoulders pattern has formed, and the pattern neckline has been broken upwards. We will take the trade on the retest. Buy limit 1.0962 Sl 1.0945 Tp 1.0982 and 1.1002
The market is currently at a vertical support level, and it has touched the trend zone, which it had previously done twice in the buy zone. Now, we expect the market to behave similarly. On the 4-hour chart, the market has formed a head and shoulders pattern, which is almost complete. Now, if the market breaks above the neckline area of this trading pattern and...