TraderXR

TraderXR

Possible uptrend!! Price broke the golden ratio and retraced back already. Currently moving up. Have already opened a long position!

TraderXR

Ccy pair currently on its declination, will probably wait to see on the 1H timeframe to see where does the 1H candlestick closes before making a decision. Possible for a reversal to happen soon so will keep a close eye on this ccy pair Please drop me a like and share with me your analysis too!

TraderXR

Will keep an eye on this ccy pair as it is currently trading in a falling wedge. Will go long if price breaks out of the wedge and price on the 1H timeframe closes above 1.56661 which is the strong resistance Otherwise will go short if price breaks downwards of the falling wedge. Do drop me a like and share with me your analysis!

TraderXR

Currently ccy pair seems to be trading in an upward channel on the 4H timeframe. When we look closer on the 1H timeframe, it seems like price is currently closing lower at each hour. What I will do now is to wait for a breakout of the downtrend line as per on the chart; if there is a 1H candle stick closes above 1.18204, we can expect a retracement in which then...

TraderXR

Currently channel seems to be trading within a descending triangle and has reached the support Have opened 2 long positions as per on chart

TraderXR

Opened a long position; Seems to be a symmetrical triangle right now hence will aim to close my position below previous high. Currently on the 4H chart, ccy pair seems to be trading within a downward channel; Hence, next position will be to look if price hits the channel's resistance and no breakout, before going short

TraderXR

Currently the ccy pair seems to be in a channel hence for short term gains i would go long if price crosses 138.761 If price crosses downwards below 138.041 I would say it is a cause for concern as it is breaking a strong support. Might end up as a reversal hence will then go short Do drop me a like and share with me your analysis too!

TraderXR

I think that gold is currently trading within a horizontal channel. will not enter the market now but shall wait to see which direction it breaks out of the horizontal channel. I do think it might go bear from the horizontal channel, and retest the uptrend support before going bull again.

TraderXR

Possible downtrend. It has reached a key resistance level which has been retested multiple times in the past. Right now, it attempted to cause a breakout but failed due to 2 strong bearish candlesticks. The price also did not break thru the previous false breakout of 202.89. What I think will happen is that the price will retrace back to the key support level for...

TraderXR

Have been looking at airline stocks for a while now; If we look at the technical analysis, it is reaching a key support level on the 1H timeframe however if we look closer at the 15M timeframe, we should be expecting a retracement back up If we look at the fundamental analysis, it's ratios are still not as good as its competitors like southwest airline. Will...

TraderXR

This ccy is trading in a uptrend channel now as seen on the 4H timeframe. If we change to the 1H timeframe, we can see that the price has been rejected from the horizontal support and looking to retrace up. I will go long if the price on the 1H timeframe breaks out of the descending triangle and go long on retracement. Do drop me a like and share with me your...

TraderXR

ccy pair has hit the channel support and am expecting a retracement up. Will wait for the 1H candlestick to close above 0.71738 to confirm an uptrend and go long. Do note that the last time price of this ccy has hit this high was in 2018 Do drop me a like and share with me your analysis in the comments below!

TraderXR

I would describe this ccy pair to be trading in a symmetrical triangle right now. To determine if should go long or short, will depend on which side does it close on the 1H timeframe. This ccy has tried to breakout from the resistance twice now but both failed with a strong bearish candle following on the 1H timeframe. Hopefully the third time is the charm! Do...

TraderXR

Waiting on the 1H timeframe for a clear breakout from the support before deciding to go short. Currently if we look at the 4H timeframe, the bearish candles seems to be weakening, even on the 1H timeframe, there are signs of a strong bullish candle hence will wait for now first. To know which level to take profits after shorting, will require to review on the...

TraderXR

There is a breakout from the ascending triangle. Will go short and target levels will be at 106.200, 105.958

TraderXR

2 Potential scenarios for this ccy pair. For now I have outstanding short positions which I will take profit at approx 1.30583. My next position will be dependent if it breaks the existing uptrend support and if so, will go short if the price closes on the 1H timeframe below 1.30455 else go long

TraderXR

There seems to be a falling wedge for this ccy pair and the price holds above the hourly support of 1.56045 Will not enter the market now but will wait to see on the 1H timeframe if its gonna be a bull or bear

TraderXR

There is an ascending triangle for this ccy. Will check on the 1H timeframe to see if the price closes above resistance - then will go long