Investroy

Investroy

Judging by the current technical outlook derived from the Daily timeframe chart, the price has everything to keep dropping and reach the area of support that lines up with the Weekly Fibonacci level. Technically speaking, rejection of the upper barrier of the ascending channel that is plotted on the graph portrays that bears have stepped into the game and are...

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Due to the lack of liquidity and movement at this time of the year, the market is moving slow and acting choppy. Taking a look at the previous number of candle closures, me may observe that the price does not have enough juice to break through the borders of the LTF sideways-moving range. Therefore, we are expecting for a re-touch of the recently-formed reversal...

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Conducting a multi-timeframe analysis of EUR/GBP, the following can be inferred: the price is currently rejecting a crucial area of resistance that can be identified on the Weekly timeframe. Taking into account the recent impulsive move to the upside, we can expect a deep correctional move to happen before further bullish moves kick in and continue driving the...

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The current push has brought gold up above the important 1800 psychological level; however, it seems like there is a small pullback coming on the way as the Greek gods of market try to shake this ambitious undertaker off the Mount Olympus. We're expecting the pullback into the zone of double confluence (diagonal trendline coinciding with the support zone of the...

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Good time of the days traders, The chart above is pretty self-explanatory, but let's take a closer look at what's happening there. As we're approaching the last full trading week of the year, USDCAD is visibly stuck in the 1.36-1.37 box. If we zoom in at 1.359, we can see a 0.618 Fib zone coinciding with a support zone of decent relevance. This has caused the...

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Taking a look at higher-timeframe charts of EURGBP, the following scenario can be observed: formation of an Inverse H&S pattern on a crucial area of support. This indicated that the price is attempting to reverse to the upside. Narrowing down to lower-timeframe graphs, we may see that the price has been unsuccessful in its attempts to push higher from the...

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Looking at the DAILY timeframe chart, we may observe that the price has attempted to break below the local area of support plotted on the charts but has been unsuccessful to do so. From the looks of it, there is a chance for the price to keep pushing to the upside and correct the WEEKLY-timeframe impulse. We are eyeing the 61.8% Fibonacci level that aligns with a...

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As it can be inferred from higher-timeframe charts of USDCAD, the sentiment of the market has turned bearish. After breaking out of the ascending channel plotted on the graph, the price is currently attempting to re-test the key zone portrayed on the chart and complete the formation of a H&S pattern before continuing its bearish movements.

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With the overall structure remaining bearish, we are looking forward to entering short positions on this pair and aiming for some nice profits. As it can be inferred from the 4H timeframe graph, the price has experienced a dramatic drop yesterday after the evening FED speech. As we know, after an impulsive move, a correctional one should follow before the price...

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Those who have played Fortnite know how powerful the Pump Shotgun is in the game. But do you know what is more powerful? The pump that we are gonna experience on USD/JPY! Having spiked below the local crucial area of support that is plotted on the chart, the price has formed a valid bottom and is now ready to start its bullish impulses to the upside. Hence,...

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As it can be inferred from the graph, the price has printed strong bullish candles and successfully rejected the key area of support portrayed on the chart. Now, after an impulsive move, a correctional one is needed before further impulses resume. Thus, we are closely monitoring the price action and waiting for the price to pullback to the highlighted level before...

Investroy

Firstly, taking a look at the Weekly timeframe graph, it can be noticed that the price has experienced a dramatic impulsive drop and is currently sitting on a major level of support. We know, that after an impulse, a correction should kick in. And therefore, we are zooming into lower-timeframe charts and looking for extra confirmations (spike below the freshly...

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First and foremost, looking at the Weekly timeframe graph of Gold, it can be inferred that the price has broken out of the descending channel portrayed on the chart and started printing impulsive moves to the upside. Narrowing down to the Daily timeframe graphic, we can observe that the price has recently re-tested the highlighted area of resistance that lines...

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Looking at the higher-timeframe picture of the pair, it can be inferred that the price is currently in the process of correcting a previously printed impulsive bearish leg. After having broken the upper boundary of the sideways-moving range, the price has pulled back to re-test the penetrated zone. We can see that the 50% Fibonacci retracement level is where the...

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Looking at the H4 timeframe graph of EUR/USD, it can be inferred that the middle-term sentiment of the market is currently bearish. The price has successfully penetrated the lower boundary of the descending channel that is portrayed on the chart and is now attempting to re-test the broken structure before potentially pushing lower to the downside. The 1.03 -...

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Happy Friday, sorcerers. Welcome on another educational post by Investroy! The trading and investing industry is a difficult one to succeed in as it has various complex details that you need to dig into both from technical and psychological perspectives. Predicting the price movement and understanding the logic behind it may be challenging at first. But as time...

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Taking a look at higher-timeframe charts of USD/JPY, it can be observed that the price experienced a dramatic fall last week. As we know, after an impulsive move, a correctional one should happen. Hence, looking at the 8h timeframe graph, it can be inferred that the price has been consolidating for a while and forming a bottom before starting to push to the...

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Good time of the day, friends! Rushing into trades is definitely among the top #3 common mistakes done by relatively newer market participants who we would call early sellers in this context. The chart/infographic above is pretty self explanatory, but let’s still cover some aspects of it by considering a following scenario: Market was moving sideways the whole...