Investroy

Investroy

First and foremost, taking a look at higher-timeframe graphs, we may observe that the sentiment of EURGBP remains bearish for the time being. Failure to break the 0.88970 area of resistance has brought to a dramatic price drop and a seriously bearish set of DAILY TF candle closures. As we know, the market moves in "impulse + correction" phases. We have...

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After failing to continue growing above the 0.93 area of crucial resistance, the price has managed to initiate a decent drop and close below the 0.926 zone of previous support that now acts as resistance. Looking at the higher-timeframe graphs, we may observe that the price has been able to print long and nice wick candles and reject this local area of resistance....

Investroy

First of all, taking a look at the DAILY timeframe chart of EUR/USD, we may notice the inability of the price to break below the 1.065 - 1.068 area of support and a formation of a huge wick candle. What is more, an ascending channel can be identified and we can observe that the price is stuck in a consolidation box at the lower barrier of it. It's a "break or...

Investroy

There is a famous saying in the world of trading: trend is your friend until it tends to bend. Following the mighty trend and riding its impulsive moves is one of the most satisfying feelings out there. There are several ways of identifying a trend and hoping on it. One group of people favours using indicators such as SMAs or EMAs for this case. Another group of...

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As the current structure stands, we are shifting our bias towards bears for the upcoming period of time. The price has been able to bounce off the 1.068 - 1.069 area of support and is making its way to the 2 important recently penetrated key zones plotted on the graph: 1.086 area of resistance that lines up with the lower barrier of the portrayed channel...

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Initially, we were expecting for the price to re-visit the 1.093 area of resistance before initiating a full-scale drop and reaching the 1.07 area of crucial support that aligns with the 0.618 Fibonacci retracement level. Now that the price has nicely lined up at the local support level, we are awaiting some confirmations and a nice bottom formation before...

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After initiating a massive drop from the 1.10330 area, the price has been declining ever since. As we know, the price moves in phases, meaning, after a massive impulsive, a correctional leg is needed. Currently, the price is sitting on a crucial area of support and we are anticipating for a short-term bullish phase to kick in, drive the price up, reach the zone...

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Monitoring the H8 timeframe of USD/CHF, we may notice that a number of confluences has lined up nicely for a short bias. First of all, it can be observed that the price is trading within the borders of the descending channel plotted on the graph. After forming for a whole week, the price has been able to print a nice Head&Shoulders pattern around the area of the...

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Looking at the Daily timeframe chart illustrated on the left-hand side of the screen, we may notice that the price has printed a massive DAILY rejection wick and failed to break above the crucial area of previous support that now acts as resistance. Zooming into the H4 TF graphic, it can be inferred that some sort of a descending channel has been formed and the...

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Judging by the HTF view, the sentiment of the market is bullish. We were able to witness a pump earlier in the morning and we are expecting some more bullish action once a mild correctional move is completed.

Investroy

The price has been able to reject the 1.352 area of previous support later turned into resistance and initiate a dramatic drop. The 1.344 key level has been heavily penetrated and we are now waiting for a re-test of this zone for our plan to be fulfilled and for us to look for executing short positions and to aim for the area plotted on the graph (Weekly TF previous LL).

Investroy

To start off, the sentiment is clearly bearish if we take a look at high timeframe graphs. Narrowing down and looking at the current price development, we may observe the following: failure to continue printing Lower Low points. A recent spike below the sideways-moving consolidational range shows that first, the price needs to go through a correctional phase...

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Firstly, by zooming out and monitoring higher-timeframe graphs, we may observe that the sentiment of the EUR/USD market is clearly bullish as the price has managed to push above the level of the previous HTF Higher High point. Last week, we expected for some correctional moves to kick in and drive the price down in the short run before further bullish resume....

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As it can be inferred from the graphical illustration, after recent bullish impulses, the price is consolidating within the borders of the sideways-moving channel plotted on the graph and is possibly preparing to initiate short-term bearish moves. The price has been able to spike above the upper boundary of the box and grab some liquidity before re-entering the...

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Looking at higher-timeframe charts, it may be observed that the price has been able to break below the crucial area of support identified on the graph. However, in order to continue its further bearish movements, the price would need to pullback, correct the recent impulse, and then, get ready to head towards the south. Thus, we are monitoring the price action...

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Last week, we noticed the price experience a dramatic drop. And hence, we planned on entering short positions upon a pullback. However, once USD fundamentals kicked in, the price got driven to the upside and is now approaching a key area of resistance. Although our bias is strongly bullish, we believe that the price will firstly fall and correct before continuing...

Investroy

Looking at the 8h-timeframe graph, we may notice that the price is currently forming a Head&Shoulders pattern on an important level of resistance. From here, we are expecting for the price to keep dropping till the zone of support portrayed on the graph that lines up with the 50% Fibonacci retracement level.

Investroy

Looking at higher-timeframe charts of EUR/USD , we may notice that initially, the price has been trading within the borders of the ascending channel plotted on the graph. Afterwards, the price started consolidating in a sideways-moving rectangular box and it was unable to break above or below due to the lack of liquidity during the holiday season. This week, as...