Now, as analyzed before, the price has now broken and retested the support level, it's time to place a sell order in the m15 timeframe and take profit at those levels drawn on the chart above. Don't forget to set a STOP LOSS, PLEASE.
The EU has broken the support area, choking it to the downside with a strong momentum candle on the h4 timeframe. This is a strong sell. Use all the blues lines I drew as TP areas. You are good to sell.
Hey there, the audusd has now broken the strong support area after the change of character has taken place. Now this pair is very sure to continue going down to those take profits areas I marked by the blues arrow line. My advice: SHOULD YOU SHORT IT NOW? I THINK THE ANSWER IS "NO". BUT IF YOU CAN AFFORD TO TAKE THE RISK, THEN SELL IT NOW. Why? 1, the fact is...
Currently, after the change of character has occurred and we have also the break of structure (the first lower low) as indicated on the chart above, the cable is retesting the supply area (the lower high, and a big long-legged doji is about to form after a small bearish candle, showing us that the bulls are rejecting the cable is seeming to be no more interested...
The cable is heading up to the 1.2448 psyche level. As we are technically seeing the current move of the market, the cable is respecting the 1.2770 level. If this level holds, then expect the price to break above the 1.2448 level. Conclusion: the cable is bullish, and a price action signal has been printed on the h1 timeframe. You are good to buy now. Bias:...
Hello traders, in my previous eurusd analysis, I analyzed the bullish move of the EU and marked the current high as "WHAT NEXT?", indicating the uncertainty of whether the current market move will break it or not. But now, what is currently happening in the EURX (EURO DOLLAR INDEX) shows that the EURUSD has a 95% potential of going up to the extent of breaking the...
In the 30-minute timeframe, gold has broken the structure, showing the bearish trend continuation. The signal is going to be printed soon. If this happens, if we can see a nice price action signal like a parish pin bar or a bearish engulfing bar, then take a sell trade, and place a stop above as seen in the chart above.
The cable is bullish and moving for correction after the strong impulsive move had taken place last week. What's happening now is the move for correction, perhaps, to 50 or 61.8 fib level before looking for a buy setup: the price must form a new higher-low that will break the current higher-high and print a price action signal (like the bullish engulfing or...
Currently, the cable is in a strong bullish condition. The price is heading up breaking the previous high and preparing for a pullback to the 50% or 61.8% fib level. If this scenario happens, then we should be patient enough to wait for the price action to take place in the chart. I expect something like a bullish engulfing or bullish pin bar candlestick pattern...
Are you a swing or long-term trader, who is planning to buy gold now? If yes, I would love to say "Don't!" Why? It's because the market condition, technically, in the higher timeframe like monthly has already shown us where the market could head in a couple of months now. Go and run a check on the monthly timeframe as seen in the above monthly technical analysis....
Looking at gold technically, the price has been oscillating up and down for some time now, and traders have been picking the top and bottom of the market profitably, meaning that the market is in the tradeable range. Maybe, this will continue till the coming week. Nobody knows. What do we see in the movement of the market this morning? It's a ranging market...
Technically, the current market condition is bearish. The h4 timeframe is showing the current market structure being bearish by making lower highs and lower lows. The marked levels are a break of structure to the downside. And currently, an inside bar candlestick pattern has been printed on the chart, showing us the continuation of the bearish move to the demand...
Currently, the EU has broken the recent previous high, preparing for the next big move to make a new high. If the current candle closes and forms a bullish engulfing pattern, then we will make a move to join the bulls for the big ride to the upside. If the current candle closes and forms an inside bar, then this calls for patience to see a confirmation candle...
In the H4 TF, XAUUSD is currently respecting the strong support level of 1955.19. If the current H4 candlestick could close and form an engulfing candlestick pattern plus the previous imperfect bearish tail bar, then this is a strong signal for the xauusd to push up to the 1982.82 resistance level. XAUUSD'S CURRENT MARKET CONDITION: LARGE RANGE. It's in a...
Currently, the cable market condition is bearish as indicated by the trendline. The price has broken 1.2376 and this level has been successfully retested and rejected indicated by the green and red arrow markers. Also, a bearish engulfing candle has completely formed giving us a lot of information about the probability of this price bearish continuation. Stop...
In the EU chart, the price has rejected the 1.0926 major resistance level in the daily timeframe creating a tweezer top candlestick pattern, which is a clear signal for a sell continuation to the 1.0759 support level. If the 1.0759 support level is successfully broken to the downside, then expect it to head to the major support level area 1.0537.
The usdcad is heading up after it has broken the psych level 1.3539 and has retested it, showing the bullish engulfing candle in the M30 timeframe. TP Point: 1.3560 and 1.3580 STop: 1.3533
From the chart above, we see how the is hovering around the 1.2303 support level, trying to break it. If the price successfully breaks and closes below, then we will say we have had a valid change of direction. If this happens, then this pair will be a strong sell. The exit, take profit level will be 1.2194.