Probably, the pattern you see in the chart above could appear. If it forms, then it's a great sign of the GU bullish continuation. That is the H1 timeframe. Look at the Bullish engulfing continuation that has formed. I expect this pair to continue moving up to 1.1583 the moment it breaks 1.1515, the current level that the price is trying to break. Look at the...
The US500 is currently at the confluence point now: the trendline and horizontal support levels. Sell this is dangerous as the price could snap back up anytime soon.
Hold on to your sell trade. Take profit from the support level for the first profit.
Description : First, use a proper stop loss to avoid big losses, as this is inevitable in the forex business. Second, the bulls are at the point of struggling because the momentum is not on their side anymore; and the bears seem to override the market soon. The tug-of-war between the bulls and bears is at the key resistance zone of the market. Note: if you sell...
Currently, we notice that the language of USDJPY IS NOW CHANGING: THE MARKET STRUCTURE IS CHANGING FROM HIGHER HIGHS TO HIGHER LOWS. That is how we read the market chart to gain an edge over the market. Don't buy it now. Instead, wait if you know you are not sure of what to do. Wait for the breakout to the downside because the pressure from BEARS is high.
Though the usdjpy is still in an uptrend, there is a sign that the uptrend could come to an end soon, as the price is failing and failing to make a new high. Instead, what we are currently seeing is a lower high market structure in 15 minutes timeframe. Just open your eyes to see and understand what the market is saying. Don't just buy usdjpy now because this...
Previously, the Daily timeframe has shown a pin bar that is showing us that there may a bearish reversal soon. So, buying this pair could be a trap for you. Look for a selling opportunity in the small timeframe to catch some pips from the market.
In short, in the daily timeframe, the price is currently at the strong support level, struggling for the breakout to the downside. But, it seems that the level is going to hold the bulls for more upward movement. If there is a bullish candle formed at that level, then that's a clear signal for the bulls to take control of this market for something like two weeks...
Hello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in...
Hello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in...
Currently, l have not smelled any reversal in the GU downward movement because the monthly timeframe is still very bearish. Though, we may have a short time reversal in the small timeframes. The chart above has shown what could happen in the coming week. Trade wisely. Be a sniper trader. Open your eyes. The blind don't trade.
The EU is struggling to break above the trendline now, showing the bearish continuation sign in the H1 timeframe. The best way to approach this market condition is by waiting for the price itself to show you the direction. But, currently, the bears are struggling to control the market. The overall market trend is bearish. Bear this in mind if you are going long on...
EU BIAS: SELL. Why? It is because, currently, the EU is respecting the trendline resistance level and the minor horizontal resistance level. There no is signal to sell this market. So, patience is the key now. Until the price break out of the resident's level, then we remain bearish on this market.
Currently, the GU is still in a strong downtrend. The probability of it continuing going is 75% because there is the news ahead at 3 pm o. But that doesn't stop the market to continue going down because a break and retest of the support level have occurred. Conclusion: it's a sell
I think we can take one more chance to make more profit by going long on this pair. The trend is cureently bullish and there is a high probability that EURGBP could continue moving to create a double top before reversal happen. Nobody knows. It could even break the high to make a new high. But for now, we are bullish on this pair. Trade properly. Maintain proper...
Personally, I think there is no reason for going long on AUDUSD this time, as the current trend is seriously bearish. In the H1 timeframe, check it out, a pin bar has formed and is almost rejecting the 50% Fib level before reversing to the downside. Furthermore, a break and retest of the support level have already occurred, and the wedge has been broken by the...
Good morning traders. AUDUSD can still make us some bucks as the wedge has been broken to the downside, signaling a cool sell continuation. You can sell this pair and make use of a cools stop loss, and target just 50pips because the market is extremely at the low side.
Hello, a short-time bearish move has shown on the EURUSD market. Only 50pips is my aim to make it a day. The price is currently respecting the trendline resistance level and a nice pin bar has formed in the H1 timeframe, showing us the pressure to the downside from the bears.