Looks as if this pair can still continue its bullish push. According to the monthly time frame we are still in the buying zone, and daily time frame showing that we are still in an uptrend. Analysis: 1) Sub ABCD swing occurred completing the Gartley pattern 2) Sellers lost control in pushing price further down 3) Previous daily high was tested and taken out 4) ...
Potential Sell: DXY has been pretty-much bullish since January 2021, and the market just recently completed its ABCD Fibonacci swing. I can see a potential bearish market over the next month or 2 if not longer. Analysis: 1) Monthly timeframe broke and retested uptrend support becoming resistance 2) Buyers are loosing power to push the market further up 3) Daily...
Lets see how this trade plays out, I'm not a big trader in this market so taken a smaller position size on this Analysis: 1) Monthly time frame = strong uptrend 2) Daily up channel where we are currently at a low price 3) Daily bullish wick rejection at 61.80% Fib retracement which also happens to be at up trendline and horizontal support 4) 1Hr head and...
Waiting for a pullback at Daily support area . Target area around 4039.10
Waiting for Bullish counter trend break for buy entry Analysis: 1) Price at daily support 2) Price rejecting 61% Fib level 3) 1H recent wick rejection at this zone 4) RSI divergence SL below support TP around 14.76711
TP reached Analysis: 1) 1H double bottom 2) counter trendline break bullish 3) RSI divergence SL 1.42888 TP 1.44096 0.30 Lots
Waiting for pullback at daily support. Target area around 62740.57
Just sold AUDUSD with 3.0 Standard lots Analysis: 1) Daily downtrend resistance 2) Friday candle closed with strong doji at 61% Fib level 3) 1H counter trend break bearish SL 0.74685 TP 0.73401
Sold! Lot size 0.50 SL 0.71244 TP 0.69656 Analysis: 1) Resistance 2) Wick rejection at resistance 3) Daily doji at Fib retracement 50% 4) Counter trend break bearish
Had a successful buy position on Gold. Price reacted to resistance and fell finding support around 1728.933 Price continued to break into the buy zone after closing above the counter trend line. Waiting either for a pullback at around 1728.933 , or a break and retest above resistance towards 1825.791
Watching GJ carefully for potential selling opportunity Analysis: Monthly resistance down trend angle 86% Fib daily pullback Daily resistance inner counter-trend line break did not enter yet, waiting for sign of strength for sellers. Waiting for outer trend line break bearish. SL - above daily zone TP - around price 155.069
2 winners (minimum draw down), 1 break even, 1 loser. Waiting for pullback around 0.86950, will enter short on counter trendline break and selling power Target around price 0.85902 (Fib extention)
Potential 175 pip sell position on this pair. Analysis: 1. Downtrend structure 2. 80% Fib pullback 3. Market is at resistance 4. Counter trend break on 1H with Doji candlestick formation 5. Target area to complete FIb wave at price 83.970 Currently holding my sell position. Should resistance fail I will exit my trade
I took 3 trades on this pair, 1st on the far left (break even trade), 2nd trade I got stopped out for a small loss, and finally on the 3rd trade I made a massive 150 Pips. I am still bullish on this pair however on the daily time frame a double top has formed, so I won't be surprised if price pullsback towards daily support (red) before bouncing back to its...
This pair is currently in a major uptrend towards daily 'D extension after bouncing off a monthly support trendline. We came VERY close in full-filling the 'D extension but price started moving back down towards bottom blue level perhaps due to the fundamental data not being on our side at this stage. We broke this level forming a gartley (sub ABCD swing). This is...
Looking at the monthly timeframe (TF) the EUR/USD pair has broken the downwards trendline. We had a pullback to retest the backside of this line and continued the upward push. We are currently at a major support/ resistance zone with strong bullish momentum. On the daily TF I spotted a double bottom and divergence on the RSI, but I am waiting for confirmation that...
I see a potential bearish 770 pips move for the GBP/NZD. If the fundamentals and technical information is in our favour then I see no reason why this pair will not continue lower. My analysis is based off of 3 timeframes as follows: 1) Monthly timeframe suggest a down channel with support and resistance holding. We then since 2016 had an upwards channel towards...
I am seeing a potential 47500 pips bullish push for this pair. My analysis is based off of three time frames. On the monthly there has been a trendline of support since June 2018 (if one draws a trendline to current date. I also noticed a level of previous resistance which could now act as support. The market has now fallen to both these "zones" on a 38% Fib...