Here we have a structure marked at 0.9136. It seems that bearish pressure has lead price to make a break through this structure is eventually making way down to a very strong support, which lead to a huge reverse of price in the past on the 15th of July. This is a pair to definitely look out for in the next couple of days. Any comments or ideas, please leave them...
Hey traders! In this chart, I have a level marked out where price is very responsive to in terms of resisting or the level acting as a support. As we see, price has approached this level again, and so I was looking for opportunities for either a sell or a buy; considering where price went. On the 15-minute time frame, I can see a bear flag has been formed and a...
Hey everyone! Upon analysis today I came across the USDCAD pair. Now looking at monthly and weekly timeframes I identified a valid support which price has respected as you can see. So, price should begin to move up eventually. However, I will wait for price to go down a little more and then reverse or show immediate bullish strength. We shall see though. Comment...
Hello, as we see price has been on a downtrend and has reached our support. As we see, it has bounced off and seems to bullish momentum. Furthermore, when scoped out we see a 'w' shape pattern emerging, which could mean price has to rise to complete this. Thoughts?
Hello, as we can see price has been bullish and has inevitably reached a resistance zone, which has previously proved to cause reversals. This could be one indicator for prices to drop. Secondly, I see a shooting star that has formed on the 4HR timeframe, suggesting lots of sellers are present in the market. Any thoughts or constructive criticism please leave below!
Hello, as we see, the price has come down with great momentum in proximity to the support level. As seen before in the chart, the price seems to dip slightly under and then shoot up again. This could occur again soon. Any thoughts, please leave them down below!
Hey everyone! So, it was earlier said how prices would shoot in XAUUSD, which as we can see has occurred. Simultaneously, it was forecasted that prices would rise- like they have- correct and then fall a lot. We can see this starting to take form and prove the forecast to be somewhat accurate so far. Any ideas or suggestions would be appreciated.