FTMO

FTMO

On Friday we could see Gold testing important resistance at 1918 and selling off from there. This would have been a bearish sign, but we had a rally in the early London session. As we are approaching the level of resistance once again, the level is more likely to break. Therefore we are looking for the upside expansion on the break of 1918 targeting 1925. If...

FTMO

Dear Traders, even on a red day, gold managed to hold the 1917-1922 area of resistance during its attempt to test the 50d moving average. This area, identified by two red horizontal lines, is extremely important as it acted as a support for over one month, and now, after what we can call a "fake breakout" of the descending triangle, the price is back up. ...

FTMO

After the big impulse move on Monday, S&P500 broke the daily structure to the upside for the first time since the start of September. We bounced from 100-DMA with a short-trap, which builds up our idea for a long setup. The most favorable entry price can be found around the POC of the HVN we are currently trading in, which is around 3244. If the price reaches...

FTMO

The price broke the channel downwards. We expect a retest of the channel and of the PoC where the battle between sellers and buyer occurs. Should the downward pressure be confirmed we see the pair to reach the level 137.795

FTMO

After a month of sideways price action, it is amost time for EURUSD to pick a direction. Indeed, as we can see, the price will face a compression soon as the ascending trendline and the channel midline are about to meet. This attention area is indicated by the orange triangle. The direction of the breakout will most likely indicate which side of the channel be...

FTMO

Gold spot seems to be taking a break from its astonishing ride in the last couple of months. SHORT SCENARIO Despite still quoting above the previous all time high of 2011 highlighted with the blue area, at the moment the priority is downwards. Indeed, the price of XAU is currently below the 8daily moving average (which was strongly broken downwards ) and inside...

FTMO

After the impulse move to the upside, USD/JPY finally showing signs of strength. Because of that, we can expect a retest of S/R level marked at the chart above. We have also marked out other key levels that can come to the play in the near future.

FTMO

Congratulations to all traders who went short with us yesterday. Another success to add to our analysis records. Just as we expected, Dax slipped away from the consolidation range and took a prudent southern direction right after the open. The momentum was rapid and the price pierced through two support levels. If you were aiming our target at 12 592, we...

FTMO

Euro has been on a strong rally in the last couple of weeks. Currently, we are in the area of significant resistance and because of that, we might expect some sort of pullback soon. On the other during the bearish trend of 2018 price moved swiftly lower and wasn't able to build any value, because of that if we break above the current resistance level, we can...

FTMO

Dax hasn't really gone anywhere yesterday. There was almost no volatility in the market and the situation resembled a calm before the storm. The price was oscillating in the narrow consolidation range below 12 882. The FOMC has supported the price slightly towards the end of the session and Dax closed in positive numbers for the day. Important zones...

FTMO

If you take a look at yesterday's price action and our analysis, you will understand how important the S/R level was in relation to the price development and the past price consolidation in the same area. Dax was oscillating there for a few hours in the early morning session, before finally finding its direction. Bears took a lead and broke below the lows of the...

FTMO

Yesterday's session turned out as expected. The price action truly was slow, if not lazy, and Dax hasn't really gone anywhere. The price oscillated just below 12 882 zone and the daily close was very slightly positive. Is this a good hint for buyers? Important zones Resistance: 13 119, 12 882 Support: 12 592 Statistics for today Detailed statistics in the ...

FTMO

We can see a lower volume on the current rally on GBPUSD. This can be a signal of upcoming pullback. If the market decides to go back, the POC area will play a significant role in further price movements. The possible scenarios and key areas are marked out at the chart.

FTMO

As expected, Friday's session started with a descend towards the S/R zone at 12 882. Bearish traders pushed even lower and the support didn't hold their strengths. The VPOC has also shifted below this zone and this can signify the lack of commitment for further longs and the end of uptrend of the past days. Important zones Resistance: 13 119, 12 882 Support:...

FTMO

For yesterday, we expected the retest of 13 235 followed by a possible correction to the downside. Buyers were not able to get all the way to this level as bears took dominance of the market. The whole intraday session was then characterized in a clear directional move to the downside and this lasted till the close. Dax corrected its uptrend of the past days and...

FTMO

Market participants were completely indecisive yesterday. For the whole trading session, Dax has gone literally nowhere with price sitting around 13 119. If we take a look at M30 chart, price action and candle formation, we can read the rejection of sellers as noticeable by the clear Doji candle. Important zones Resistance: 13 235, 13 519 Support: 12 882 ...

FTMO

The positive continued yesterday as we expected. The price reached above 13 235 resistance and we've noticed the biggest volume of orders for the entire day session. Unfortunately, Dax hasn't stayed long in those levels and the afternoon session wiped out all gains, dropping down to a support level of 13 093. Important zones Resistance: 13 235, 13 519 Support:...

FTMO

What we saw on Dax yesterday was a nice 'fakeout' example of the 12 882 S/R zone and a good example of the reactive activity below the key level and Thursday's fair price. Buyers stepped in to correct the early morning impulsive pressure an as expected, the price headed towards our target and almost hitting 13 119. Important zones Resistance: 13 235, 13...