TheGiovannie

TheGiovannie

This pair is respecting the bearish trend. It hit the 200 ema and has reversed every time on the 30 minute. It has now hit the 200 ema on the 30 and we are seeing a good sell for around 30 pips. We are seeing a good zone to take profit around .73080 Follow us for daily analysis.

TheGiovannie

For today’s trade we are seeing eurusd test the white trend line and it’s having a hard time breaking. This pair has been respecting the bearish channel. We can expect it to hit the maroon zone and then either keep moving down in this channel or consolidate and reverse back. We are only going to take the trade to this zone. About 20 pips for today.

TheGiovannie

We are looking for a sell for EURUSD. This pair has been overbought for a couple of weeks now and we can expect to see a push down here today or tomorrow. We have seen several lower highs and lower lows indicating this to be a valid trend and move to the downside.

TheGiovannie

Hello Traders here is a quick summary of what I am thinking for today’s trade. If you like this idea please leave a like. Plan A We are looking for a retest of this level and pullback to enter for a buy. About 60 pips for today. Plan B. We will wait until it retreats and then breaks the maroon support I marked to enter for a sell. However, price can change...

TheGiovannie

This pair has passed through several zones I consider support and resistance. When this last happened we saw an immediate push when it last touched resistance. It’s been overbought the last few weeks due to recent news events. This pair hasn’t been following structure but it has been skyrocketing during this bull run. I believe we have now broken out of this bear...

TheGiovannie

This market has been in a downtrend and will continue to follow structure. It bounced off of my trendline and rejected major resistance. This is very bearish on top of it being overbought. There were bearish engulfing candles that showed signs of strength for the bears. There were large wicks forming on the smaller time frame as well. It is also showing it hit an...

TheGiovannie Updated 

Price just broke through a major support but we are seeing price move even lower to the next support. Right now it is following trend and if it respects it we could see price skyrocket upward. USD pairs are becoming weak. There is only so much it can push before there is a correction. To enter this trade we need it to be oversold on the larger time frames and see...

TheGiovannie Updated 

GBPUSD has been moving downward for days now and it broke through a major support and minor support level. It has finally stopped at a minor support level. Since there was no retest to confirm this move down we must return to major support to retest support now turned resistance. This is about a 60 pip bull run. The market is oversold and USD is weak. We will see...

TheGiovannie Updated 

We are seeing a strong bull run as it broke through resistance now turned support. We just want to see a nice pullback and retest to enter. It is currently overbought on the hourly so we want to wait before we enter because we don’t want to be stopped out. It’s better to wait than to chase. Right now we are seeing a slight consolidation in the lower time frame...

TheGiovannie Updated 

Why is this a sell? Market has been trending up for days and the market loves structure. This broke through resistance without a pullback. Due this move upwards it needs to find grounding to validate its move up. This means it will retest our support line to see if this move was valid or not. Think of the forex market like a rubber band. You can stretch it but it...

TheGiovannie Updated 

The bears were in control of the market pushing it down 2 levels to support and they failed to break through. We are now seeing them take profits at this zone. Now we might see consolidation with this pair until it breaks the trend line or we could see the bulls rally up and take control. It must reach resistance to continue this move down. I believe overall we...

TheGiovannie Updated 

This one is a bit tricky. After our recent win in eurusd we are looking to sell since it is overbought in the larger time frames however there is an important trend line that price would need to break through in order for us to secure 80+ pips. I believe we will see a bearish market short term but we may start to see consolidation with price because of all the...

TheGiovannie Updated 

Hello traders! We see the trend being broke on the smaller time frames like the 15 minute. It has passed the 50 ema as well as the 25 ema on the 1 hour. We see it was a bullish ride but now the bears are in control of the market. There was also a bearish engulfing candle for the entry so now we ride it all the way down. It is overbought on the larger time frames...

TheGiovannie Updated 

We have seen a huge rally up to resistance however we cannot break through. Most of the bulls have taken profit and it is overbought on the 4 hour. We can expect to see a move down to support if it breaks the maroon trendline. We are still in a bearish market and this only proves we will continue follow structure.

TheGiovannie Updated 

We are in a downtrend but this pair loves to retrace back to a level of support or resistance until it has enough momentum to push through support. Since this support line was a key level and had a hard time breaking through the only other choice it has is to retest resistance. It has created a higher low and there are several wicks on the candles showing...

TheGiovannie Updated 

GBPUSD analysis: after our recent 112 pip win we are now seeing a test of the resistance line. The bulls that rode this with me had a similar TP and now that it hit most of us have sold causing exhaustion in this pair. On top of it being overbought on the 4 hour and on a continuation of a downtrend, we are looking for a sell. I have placed a maroon trend line to...

TheGiovannie Updated 

Price has been moving downward for a few days now, I set a maroon trend line and it broke through it. We are now seeing a confirmation of the move down. This would bring in about 34 pips for a sell.

TheGiovannie Updated 

I’m hoping to see a retest of this trendline but if not then there will be no entry. I have been watching this pair and saw it would go up but without all of my confluences met I saw no entry. If this retests the white trendline and produces a doji candle we are in. We already know this will go up we just need a higher low for confirmation which is my last...