DennisDims

DennisDims Updated 

The price is currently trending downward, showing bearish momentum after a recent rejection from a significant resistance area. The entry point is set at 1.27395, a key level that has acted as a confluence zone in previous price action. The first take profit target is at 1.26700, a level that aligns with historical price congestion and provides a logical exit...

DennisDims

In this trading setup, I aim to capitalize on the potential for closing the price gap on the EUR/GBP pair by using key pivot points and support/resistance levels. Here's the plan: Buy Limit at Pivot Point (PP): Entry: Buy at the Pivot Point (PP). Take Profit: 0.84630 Take Profit 2: 0.84890 This trade aims to capture the bounce off the PP and the move up to...

DennisDims Updated 

Price is trading within a triangle. A breakout to the upside will open the way to 1.81310 while a break of the support will propel the price towards 1.79430

DennisDims Updated 

USDJPY has been in a strong uptrend, recently consolidating within a rectangle pattern. Price attempts to hold above the rectangle and potentially challenge the monthly resistance level. Always practice proper risk management with stop-loss orders

DennisDims Updated 

The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels. A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure. We can expect a retracement towards the broken support at 1.07257.

DennisDims Updated 

The pair is approaching the weekly resistance from where we can open selling positions. Initial target is 153.92

DennisDims Updated 

Waiting for a pullback towards support from where we can add buy positions with an initial target at 1.93466

DennisDims

The EUR/USD pair continues to keep traders on their toes, and recent market movements have sparked a new wave of opportunity. The final target from the previous idea was successfully hit, closing the previous trade. This new idea explores potential opportunities arising from the resistance mentioned earlier. After successfully riding the bullish retracement...

DennisDims

The US30 has been on a remarkable bullish streak, surging toward monthly resistance levels. As historical data suggests, these levels often trigger retracements. With the current bullish momentum showing signs of exhaustion, a retracement to the key support level at 34,300 appears likely. Monthly resistance has been consistently hit, signaling a potential...

DennisDims Updated 

The EUR/USD currency pair recently experienced a notable bearish movement as it broke through a significant support level and trendline, signaling a downward trend. The price subsequently reached a key monthly support level, from which it initiated a retracement. This retracement is currently in progress and is aimed at reaching the 50% Fibonacci retracement...

DennisDims

The USD/CAD pair recently witnessed a significant technical development as it broke below a key ascending trendline, marking the end of the preceding bullish momentum. Following the trendline breach, the price experienced a notable decline, eventually reaching a crucial support level. In a subsequent move, the pair retraced to revisit the broken trendline, now...

DennisDims Updated 

The confluence of technical resistance levels at around 0.6650 suggests a potential buying opportunity. We can consider buy orders with targets at 0.6640.

DennisDims Updated 

The pair experienced a strong bearish movement to break the trendline and reach the monthly support level. It now seems to be forming a double bottom on the lower tf before pulling back to retest the broken trendline resistance. This retracement is a common price behavior following a trendline break and offers traders a valuable opportunity to enter the market at...

DennisDims

After reaching the target price at the broken trendline and monthly pivot point, the market has formed a doji candlestick, indicating indecision among market participants. This doji, followed by a bearish continuation pattern, suggests that the market may be poised for a further decline. To capitalize on this potential bearish move, we may consider entering...

DennisDims

US30 is forming a head and shoulder pattern suggesting continuation of the downtrend towards the monthly pivot level. Targets are: 32940 and 32650

DennisDims Updated 

EURNZD recently bounced off the broken resistance turned support and continued rising steadily. Price is approaching strong resistance at 1.80670 from where we can expect a rebound. Recommendation: Buy Limit orders at around 1.77350.

DennisDims

The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal. A head and shoulders pattern has formed on the chart. The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling...

DennisDims

The USD/CHF currency pair is currently showing promising signs for traders, as it has hit a strong monthly support level and is displaying a bullish divergence on the Relative Strength Index (RSI). Additionally, price action is indicating an upward trend as it approaches the weekly pivot point. This confluence of factors suggests that there is a high probability...