Benettel

Benettel

Price has come out of the Daily Demand Zone and is currently at 1.7590 and is going upward in an Ascending Pattern. The pair turned bullish when the Euro increased in strength last week. Buyers are pushing price upwards into the Daily Supply Zone. The Bulls have filled the Gap/Void between 1.7554 and 1.7590. Anyone who sold at FOZ and did not exit should be in...

Benettel

CADJPY Trade Review I posted this Trade Analysis here on Wednesday. This trade was awesome. Price went up above the Weekly Supply and reached the top of the Liquidity Zone as i predicted in my previous post. The Banks and the big Institutions cleared the previous highs and the stop loss of retail traders who were in shorts (sells). Everyone believed the market...

Benettel

The price has broken out of the Ascending Channel and went up straight into the liquidity zone and reached the weekly supply level, targeting the 80 mark. The sellers defended the zone and forced price down to the top of the Ascending Channel. Price bounced from 79.40 (which is the top of the ascending channel and also a Fibonacci support area). First move (Buy)...

Benettel

AUD/CHF has been in an Ascending Triangle since May. Price touched the bottom of the channel two days ago and there was sharp bullish rejection. The Sellers are still in control of the 0.6600 resistance area, but the buyers have used the momemtum of the positive US ISM report and the positive US Jolt Job openings report to push the price upward. The market is...

Benettel

Buyers are trying to hold GBP/USD at the 1.2400 support level and are trying to push price to the top of the support area. History likes to repeat itself and this is the basis for technical analysis. If you look at my chart below, we had a First Compression, after that a Bullish Breakout Happened. Right now, we have a Second Compression, so we can expect another...

Benettel

Buyers have pushed GBP/CHF up out of the demand zone of 1.1790 - 1.1880 . Most currencies pairs and commodities are going back to the price level they were before the coronavirus pandemic started. ✔First move (BUY) If price breaks out of the 1.1980 -1.2006. resistance area and continue to rise , the first TP target is 1.2182 resistance. ✔Second move (SELL) Price...