With the market currently testing a Monthly Supply & Demand Zone it’s starting to look like the bulls are in charge
After witnessing the Bearish Engulfing candle close on the Daily time frame I'm seeing immense bearish pressure I believe the sellers are in control at the moment.
With a potential successful breakout of the descending channel and resistance zone on the breakout and retest I’d long to the 0.6005 - 0.6020 zone for first TP
Bears seem to be in power by a long shot I believe we’ll continue to see this sell off and reduction in price till the 1.5895 - 1.5850 price range back in June of 2023. My take profit is set @ 1.5880
Lots of higher lows are being developed along with bullish engulfing candles on the 1 HR Time Frame. Possible Double Bottom Formation on the 4 HR The next Area of interest is the last high that's where our Take Profit will be. Thanks!! Like Comment and Follow for more updates!!
I like what I see but if we get a successful break to the downside below the demand zone I expect a huge fall along with DXY Strength in play Giving me Bearish Flag vibes...
AH DXY you say and speak bullish to me all day long and the market is beautifully reacting to your strength I look forward to the next 6 months being bullish for you DXY. You're currently testing what I like to call a decision-making ZONE one that will determine many many factors for us traders in the market. Are we going up or down? Fellow traders let me know...
Bullish break out after this pullback crossing over strong Supply and Demand Zones Ms. Auzzie Swiss is pumping !! I love trading charting technical analysis, it's like secondhand nature to me and I love to share and give to you all I pray and hope these ideas I've posted have made you all some amazing profits Shalom.
Will we see a breakout and retest of the zone price is currently testing?! I believe it’s highly probable! Good luck traders ! YAH Bless you all in Jesus Christ name
With incoming strength of the DXY I believe the Gold market is setting up for a decrease in price. Obvious Head & Shoulder and bearish momentum!
On the Monthly we’ve formed a Double Bottom currently retesting the 0.382 - 0.618 zone in confluence with the monthly supply & demand zone. Also testing the 200 EMA on the Daily time frame. Currently making higher highs and higher lows on the 1 HR time frames. I see the market going up to the 0.5950 zone after first reaching the last recent high of 0.5926 zone...
With Daily Inverted Head & Shoulder Pattern in confluence with Weekly Fibonacci Retracement to the 0.382 Fibonacci level I’m bullish on #GBPJPY I’m expecting it to push up a little further to test the new recent high
After carefully analyzing the markets I'm Bearish biased concerning AUDUSD. Repetitively it has failed to break through the 0.6665 - 0.6720 resistance zone. Daily and 4HR Double Top formations along with a Daily Bearish Engulfing Candle. I think it's time to sell fellow Traders! Best of Luck! Follow me for more updates if you like my ideas! Thanks
With Daily Inverted Head & Shoulder Pattern in confluence with Weekly Fibonacci Retracement to the 0.382 Fibonacci level I’m bullish on #GBPJPY I’m expecting it to push up a little further to test the new recent high
Daily 10 & 20 EMA cut for Short. On the 4HR period we have a break below previous support now turned resistance. Very Strong Bearish momentum considering the strength of the DXY. I'll be shorting this Pair fellow traders! Follow, Like, and Comment if you like my ideas!
After a testing a Major Weekly Supply/Demand zone NZD has a had a beautiful bullish candle close out of the consolidation on the 1HR time frame I’m bullish on this pair. Beautiful 0.618 Weekly Fibonacci Retracement. Long for a long time !