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Thank you and Good luck!!!
EURUSD will go bullish after this W-Pattern formed. Good Luck
We have reached a very strong resistance level which has been tested twice. We will experience a bearish pull back before we can have a suspected breakout. But before then, place a sell.
We will experience a downward movement for a while before going bullish once more.
Note that we will have retacements. But will still go upward. Good Luck!!!
Take note..... We may experience a downward retracement to any of the fibonacci levels before a bullish breakout.
We are currently on a strong bullish trend.
USDCHF has a correlation -95.1% with EURUSD. This means the trend of USDCHF is directly opposite to the trend of EURUSD and even GBPUSD. On the daily time frame, the "support turn resistance" and the" upper trend line" combined gave us a descending triangle and there was a downward breakout which touched the lower trendline. Currently, we are having a correction...
GBPCAD and GBPUSD are having a correlation of 39.2%. So we are expecting a reversal as we already can see from the RSI that a divergence has been created and we are currently on a strong resistance on the Hourly time frame. Plan: 1. We are going to wait for the candles to break the strong resistance and may be retest before we place a buy. 2. If We have a...
GBPUSD is currently on a downward trend. With very strong red candles, it possesses the potentials to break more into the downward direction till it hits either our TP1 or TP2, then there will be a retracenent back in the upward trend.
We have very strong rejections at the support level which gives a signal that we are bullish market. But in the last two two candles, we can find strong bearish candles which was brought about by a long rejection ffrom the last green candle. This signifies the beginning of a bearish market.
The last candle is currently on a resistance and it ended as an inverted hammer with its closing price higher than the former candle. This signifies the continuation of an upward trend. when the candle reaches the red resistance, wait for a signal for a breakout or retracement. But from my guess, there will be a retracement.
Using our pitchfork , there will be a deep bearish retracement. Currently, our bullish candles are obeying our red reistance by not producing s new Higher High
Currently, EURUSD is in a tricky state. We are currently experiencing a strong buy. For those who trade using the ichimoku system, the indicator doesnt advice for placing trades when candles are found in the cloud because of indecision in the market. However, for shorter trades, it is 90% sure that we will reach the TP1. But after that, we are seeing a bearish...
CADJPY is currently on a strong bullish trend. Our Resistance - Support analysis tells us evidently that the candles will hit our TP1. Our 20 SMA, 10 SMA, 50 EMA and 100 EMA also backs-up our strong upward trend. Ichimoku cloud confirms our bullish prediction to hit our TP1. Altough, we will be expecting a pullback or consolidation at TP1 but there is another...
Currently, we are having our 50 SMA, 20 SMA and 10 SMA indicating a sell. However, from price action strategies such as the 1-2-3 pattern or A-B-C pattern, we are currently experiencing a little pull-back... More like a break after the previous strong bullish trend. It is advisable to let the candles playout and break the zone either upward or downward before...