EUR/USD Hourly Chart Analysis: Consolidation and Waiting for Breakout The EUR/USD currency pair is currently consolidating within a tight range on the hourly chart, reflecting indecision in the market. Price action has been fluctuating between key support and resistance levels, indicating a lack of clear direction in the short term. This consolidation phase...
The USD/CAD currency pair is currently experiencing a weekly consolidation phase, indicating a period of indecision and equilibrium between buyers and sellers. Price action has retraced to the 61.8% Fibonacci retracement level, a significant zone where the pair is encountering resistance and struggling to break out. Traders may consider monitoring for signs of...
The AUD/USD currency pair is currently exhibiting a weekly downtrend, indicating a prevailing bearish sentiment over a longer time frame. However, there is a small daily uptrend within this downtrend pattern. To potentially capitalize on this market setup, traders may consider entering a short position when the daily uptrend is broken, anticipating a re-test of...
USDCAD big push today looking to see if the previous resistance becomes support. Looking for another re-test of that zone and a conformation before taking any long positions. Let me know what your thoughts are on this set up.
USDJPY had a big push today, looking an exhaustion to around the 50% to 61.8% levels to carry us up to the previous highs in November. If this move does not re-trace all the way back or gives no conformation no trade will be entered. This not advise trade at your own risk let me know what you think of this set up.
Gold is coming into some heavy support zones. Waiting on price action to confirm the trade. Will be looking for buys if we see a bounce off support and a re-test.
Gold is looking to pullback waiting for a clear break of the 1490 support zone and a re-test for confirmation before we enter short. TP1 is around 1400$ will comfirm at entry. Never Risk more than 2% per Trade Always wait for Price Action Confirmation *** THIS IS NOT A SIGNAL JUST AN IDEA ANY THOUGHTS OR COMMENTS ARE WELCOME ***
Monthly Trend Bearish Only looking for shorts Price broke below a respected weekly zone to the downside Waiting for a re-test of that zone with bearish price action confirming our entry Blue: Entry Green: TP Red: SL RR: 3/1 Never Risk More Than 2% Per Trade
BTCUSD Needs to catch its breath after that push before making another run for it. I feel it will come back down to re test the previous zone before gaining the momentum to push to the 6000$ mark. I am no expert in crypto currency so any feedback or thoughts would be appreciated. This is not a signal just an idea any thoughts?
GOLD SHORT Watching Gold closely this week waiting for bearish price action off the downtrend or a close below 1280 with bearish price action. If Price fails to come back up and re test the previous downtrend wait for a close below 1280 before entering short. If Price comes backs up wait for bearish price action to send us short preferably a bearish engulfing...
USDJPY Looking for bearish conformation off the daily downtrend or price will most likely re-test the weekly downtrend before we enter Always looking for a bearish engulfing candle close on the 4 hr chart to send us short NO PRICE ACTION NO TRADE ENTERED Never Risk More Than 2% Per Trade
Looking for price to bounce off the double bottom and re -test the downtrend This is more of a scalp I'm only risking 1% on this with a very tight SL R:R Just under 6.4 This is not a signal just a suggestion.
EURUSD Double bottom on significant zone Looking for Bullish Price Action closing out of the orange zone to send us up to re-test the weekly downtrend. NO PRICE ACTION CONFORMATION NO TRADE IS ENTERED!! Never Risk More Than 2% Per Trade