On November 24, the price tried to break through the resistance line at 0.735. And since then it has been moving within the line, breaking through it either during growth or during pullbacks. On this chart, this is a fairly strong resistance line, stretching from July 2020. The largest breakout occurred on November 27, when the price rallied above the line and...
Since November, the price has entered the zone between two lines: support and resistance. And during the last month she moved between them. So - my previous forecast came true: from the resistance line the price fell to the support line. Now the price is near the support 0.955 - but you can already see that it started to grow after touching the line. This is a...
The price approached the lower border of the resistance zone at the level of 12385.1. This resistance zone was formed at the end of August and over the past three months the price has made only three touches. However, as you can see on the older timeframe, each of the previous touches of the zone turned around for the price with a rather impressive fall. In...
At the end of last week, gold fell sharply so that the price was able to break through the resistance line 1804.609 and the resistance level 1792.023. However, immediately after that she showed a slight uprising movement. So now I expect that the price will correct itself to the resistance line first. What do you need to know about this line? It is very strong -...
The price came to a very strong resistance zone and tried to break it. First, the resistance level of 1.197 passes in this zone. And at the same point, it is crossed by the resistance line, the first touch of which occurred back in September 2019. As you can see on the older TF, the price has been constantly hitting this line for the last few months and has...
Recall that in my previous forecasts, we said that to begin with, the price will come to the resistance zone. And then it will gain a foothold on it and begin to fall. And so it happened. And right now it is clear that the price has left the resistance zone and is working out a small correction. However, I expect her to continue moving towards our goal....
After a long rise in early summer, in July the price reached its local maximum and began to move in a long downtrend. She has been in it since July. Inside the trend, the price tests local highs and lows, forming slightly strong lines. For example, in early September, a resistance line appeared at its highs. This line, albeit very young - only two months, has...
Some time ago the price touched the strong resistance zone of 139.626. This zone is formed by two resistance lines at once, one of which is the strongest - in 2016, and the second - in 2018. Also in this zone is the resistance level. As you can see on the larger timeframe, since 2016, each arrival of the price to this line ended with its collapse and trend...
After a recent return to the 92.181 level, the price fell back to the support zone. I want to remind you that at the very beginning of September we saw exactly the same situation: The price broke through the level, dropped to the support zone, fixed on it during a small quick correction, and rose above the level. Now we can observe a repetition of the...
On the daily chart, we see the situation for NZDJPY. The main lines dictate the direction of the price today. We have also formed a resistance zone, which consists of two resistance lines. So here I am expecting a fall. The target is the nearest support line. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
So let's start LEARNING. On the chart in the description, we see a good example of a strong resistance line. You can see how the price perfectly touches the given line and then reverses. This line is very important for us today because the price is currently near it. Next, go to the 4TF chart and see the perfect deal. We put SL above the resistance lines and TP...
Since the beginning of September, the price has entered the descending channel and remains there. Now the price is near the upper border - the resistance line. Therefore, we open a sell deal. And we are waiting. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
At the beginning of November, the price broke through a strong resistance line and now continues to "walk" between this line and the support line. So now the signal is clearly visible. we open "BUY". Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
My last post-learning about patterns got a very lively response. I realized that this topic is interesting to you. In the messages, I was also asked to talk about the "Harmonic Patterns" or, in other words, the Gartley patterns, which got their name thanks to the first who discovered them on the charts - Harold Gartley. What do you need to know about these...
We continue to expect the price growth from the support zone. In my previous forecast, I said that the price will take advantage of strong support and begin to grow. And the price is still in the process of forming this forecast. Since the zone turned out to be quite strong, the price does not make sharp movements yet, continuing to move within it. Let me...
In recent days, the price has come close to a strong resistance line that has existed on the chart since 2019. Now the price is within this line at position 1.192. The price came to this point during the growth from the support level and I am sure that this impulse will be enough for it to continue its growth and touch the resistance line in the 1.194...
Last time we discussed with you that the price that at that moment came to the support zone will continue to move in this zone and then start to fall. Now the first part of the forecast is being fulfilled - the price has come to the resistance line and is moving along it. This resistance line formed in the summer of 2020 and has been correcting the price...
The price continues to move between the support and resistance lines in the wedge pattern. However, the price movement was influenced by a small resistance zone formed between these lines - around 80.2 Right now the price is falling from this zone and I expect the decline to continue all the way to the 79.2 support line. This support line has existed since May...