Hello traders, here are my thoughts on AUDUSD pair. After a long uptrend price fails to create a new HH and reverses into bearish trend forming LL and LH. Now the price has broke through the strong support line. What can we expect is wait for the retest of support/resistance line and we could possibly enter the trade. DXY is growing, which means that AUDUSD...
Hello traders, this is the trade I am taking right now. On the Weekly we are clearly in down trend, price has been pushed to the downside, broke the support. On the Daily, we can see the price to retest previous support line, now resistance with huge rejection-wicks. This is a great opportunity for trade with high RRR. SL is set above structure, TP is on...
Hello traders, I would like to share my view on EURCAD. Let's start on Weekly TF: price is currently moving sideways, ranging between 1.57558 and 1.53486 Weekly key levels. On the Daily: We can see a nice bounce off resistance line, where price started to making bearish trend, creating H/L. After push phase, price needs to exhaust. On the 4h timeframe, which...
Hello traders, here is my view on EURGBP pair. After range bounding for a long period of time price finally broke the Weekly key level. What can we expect now is to wait for the pullback to support line 0.88746 and enter for the short trade placing our TP at 0.83477 which is approximately 500 pips away. Definitely worth keeping eye on this pair! Don't forget...
Hello traders, here are my thoughts on EURJPY. Reasons why I would take the trade are: 1) Price broke through trendline. 2) Price came back to retest the Weekly key level which is also a 0.5 fib level 3) Price created LL, LH and is about to create a new LL. TP is almost +300 pips and SL is placed above the structure. Don't forget to share your opinion in...
Hello traders, here are my thoughts on EU. Price made push to the downside, creating new LL. Price then retraced to 0.38 fib level creating new LH Our target is on the W key level, 500 pips away while our SL is above the W key level. Have a wonderful day!
Hello traders, here is my view on NZDJPY pair. I think that good short opportunity is forming up. Price failed to create a new HL and made strong push to the downside, creating LL and forming up a new LH. We can see that price is coming to 0.61 fib level. This would be a great area to enter a short trade. We will monitor the price closely around that area and...
Hey guys, I would like to share my idea why GA will drop. -Starting from the Monthly TF, GA was unstoppable with strong push phase to the downside. -W timeframe shows us a nice breakout through W resistance zone. -Daily shows us a nice breakout and retest with two bullish candles with strong rejection. -I will be monitoring this trade and pull a triger on...
Hello traders, I've been waiting patiently this day for some nice setup, and we have a winner. USDJPY has been trending down in the descending channel for a long time. Once it broke through the strong W level, strong push phase started. As you guys know, after every push phase, exhaustion must come, and that's when Fibo is handful. Price retraced to 0.61...
Hello traders, for this day I will be looking on EURNZD for short opportunity. We are in nice downtrend on W, price bounced off the W support, broke the structure. Great entry would be at support that is shown in the chart, TP would be W support as shown. Feel free to share your thoughts and have a wonderful day.
Hello all, We've got pretty W formation forming up on CADCHF. I am expecting the price to come down to the neckline and then look for a buy opportunity, if price won't break through the neckline. Our target would be 0.70275 area. Actual trend is ranging, so we are not going against the trend by any means. Feel free to share your thoughts in the comments and...
Hey guys, this is my point of view on this pair. It just broke the descending channel and key resistance. TP and SL in chart.
EUR/USD broke the strong 1D/4H resistance and is about to create a new HH. This could be a great long entry after confirmation. TP,SL shown on the chart.