From the daily right through to the hourly time frame there has been slow formation of a bullish flag. My anticipation is for price to break and retest the upper 4hr channel line and rally towards the 1.40xx zone .Should this fail there is likely going to be a short term bearish movement to retest the lower channel line on the 4hr TF.
Price currently at a strong zone of (Support turned Resistance) we can possibly anticipate a short term bullish move to the upside when market opens to retest the 1.1850 zone. If price fails to erode the resistance @ 1.1850 zone there is a strong possibility of further continuation to the downside to retest the 1.6000 zone
🪀GBPCAD 5-9 April Watchlist Price is currently at a critical point of resistance and there is much anticipation of a break to the upside thus if the inverted head & shoulder pattern is to play out successfully. Our goal will be to look for a better entry on the lower time frames and our first Target Level will be 1.7525
4hr channel break-out on US30 can present to us several possible scenarios:- 1]. An attempt to penetrate through or a bounce @ 31700 resistance area 2].Possible ranging between 31600 & 31400 zone in the next coming days 3].Price correction to the down side to retest the 31295 area. 4]. If price goes below the 31295 area there will be a high probability of...
D1 (HTF) Analysis GBPAUD is currently stuck between two daily structures. It has recently attempted to cross the D1 channel line @ 1.80200 but failed. This rejection could probably just be a 200MA end of day short term bounce. Lower Time Frame Analysis 1HR TF Analysis There is tweezer bottom which is signaling a push upwards 30Min TF Analysis The current...
Share , Like & Comment Risk Disclaimer My Analysis is a sentiment for the upcoming Week/ Month and should never be treated as a trading recommendation Trade this sentiment based off your own entry strategy at the right time All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk;...
NAS100 is slowly returning into an uptrend after the false break out in the previous week. Take note that price is still hovering between the 20 & 50 EMA on D1.Confirmation of the uptrend can partly be concluded after the break and retest of the ascending channel @ 13449.56. I am of the idea that NAS100 will still range around the 13200 area until it creates a...
The ZAR keeps getting stronger and stronger compared to the USD but there is honestly nothing on the ground to back up this gain in downtrend momentum. According to the IIF; "The rand has become one of the most over valued emerging market currencies thereby increasing the risk of a correction." It’s now currently in a final push phase because of the SA Budget...
EURUSD continues to present to us opportunities to add more positions to our original trade idea as can be seen in the diagram below. We will continue to secure profits and add more positions as the trend will be progressing upwards Like ; Comment & Share
Chart Self Explanatory Like; Comment & Share
USDJPY is currently in a corrective move to the downside. Potential target zone are clearly marked on the chart. After the correction is finished price will resume the uptrend to retest the 5year trend line around the 106.00 area & perhaps try to erode that resistance. For now exercising extreme caution on the downside movement is highly advisable while we wait...
USDCHF managed to breakout the inverted head and shoulder pattern and the 9 months trend line in the previous week as can be seen on the 4hr Timeframe. The further crossing of the 0.89882 resistance area also confirmed the strong bullish move. From a daily perspective the last candle for the week was bearish and the opening price was below the previous bullish...
The Diagram is self explanatory
My Last Prediction came true on EURUSD came true .C currently am looking forward to see price dropping further towards the weekly lows before it spikes up. I think a buy limit @1.19215 can help us to catch the wave at an early stage ..My short term buy targets will be as follows 1st Target will be around 1,2045 2nd Target around 1.2094 Previous Prediction...
Short term trade setup Like Comment & Share
EURGBP is currently:- 1). -Bullish Divergence on the 4 Hr TF 2).- Overbought on the 1hr and daily TF 3). -General Sentiment is now bullish 4).- Best time frame to look for entry will be on the 30min timeframe preferably after a break out of the minor resistance at 0.87761 Note the pair will range for sometime to create support before it can break-out Like...
EURGBP has shifted from a trend (down) context to a range context. We have reached the lower channel line on the 4hr time frame. The market has returned to a state of equilibrium between the supply and demand. We have recently witnessed the formation of preliminary supply and demand zones (0.89233.0 & 0.88835 and for the past few days price has been moving within...
Possible retest of the 1870 area .Price likely to be rejected. Potential price drop to 1810 - 1800 Sell opportunities will be less risky and will have a better reward. Like, comment & share your thoughts