We earlier shared how we expected a downward movement of SOLUSD. That has clearly happend but the price has broken the downward trend line created on the chart. We have closed out 80% of our position and advised our VIP Subscribers accordingly. We won't be surprised to see movements to the upside.
Thread with cursion if your sell positions are still open.
BNBUSD is at a major level. Watch for price action around this area. If this level holds, the price will bounce but if it doesn't, we can expect further downside movement.
EURCHF is currently on our support level, and forming very interesting price action on the 4 hour chart.
From the bearish perspective, we see the pair might be forming a head and shoulder pattern. However this isn't complete yet.
From the bullish perspective, we can see it has already completed the ABCD pattern. Breaking prior structure. We can see it has formed...
You might want to take a look at this pair. We see a bullish flag pattern right on support level.
However, be cautious. There's a downtrend resistance not too far away.
The pair has created an opportunity for a sell trade. We saw an impulsive move to the downside and a beautiful retracement. Now we see the pair respecting the Fibonacci level and also breaking the short term uptrend formed during retracement. Additionally, we see on the daily chart that the pair just broke out of a range.
In our opinion, we should see a move to...
The EURGBP retraced forming a beautiful price action. In our opinion, we should see more move to the upside. Take a look at it. We suggest you only take this trade if it satisfies your strategy.
Thr pair has created a double bottom. The stochastic ahows the pair is over sold. We should see a move to the up side. We can buy this pair now or wait for the double bottom formation to be complete.
This pair is an interesting one to watch. EURNZD is at the 0.5 fib level and seems to be forming the reverse head and shoulder pattern. Really tricky. We will rather wait and see how price action plays out.
We see trading opportunties with this pair. The pair seems to be respecting the short term 4 hour trend line . If this pair reaches the trend line level again, watch price action around there before taking a buy position. If the pair breaks the trend line , wait for retest to confirm break out be for taking a sell position.
The pair is currently trending upwards on the 4h timeframe. We expect the pair to pullback to the trend line and push back higher. However, this is valid as long as the trend line holds
