Technical Analysis NIO 4H Bullish 4H candles off support at around $55.50. Anticipating a breakout from consolidation, a retest of resistance at ~$62 before NIO's next leg. Fibonacci target levels: 1.272 @ ~$70 1.618 @ ~$78 EV is the future :)
Long consolidation similar as before and now the same doji pattern has formed. We are looking to short GBPNZD to the green zone
Price has once again reached monthly resistance. lets see if it can hold one last time for gbpaud!
USDCHF has approached daily resistance level that has not been broken for a while now. Goal is to short with a stop loss above the resistance zone and TP at the next previous support level
After the flash crash on many pairs like USDJPY included, USDJPY has developed a bearish flag price continuation pattern which means price could make another impulse leg down to our next support area. Price is also at our Price Reversal Zone on the fibs. Let's see what it makes of it.
EURUSD has been ranging for quite some time now between the 1.12900 and 1.15000 range. Assuming this range holds, we will buy at the range support and take profits at range resistance. This will be a 1 to 4 Risk Reward trade.
Looking for buys on AUDUSD because price has slid its way back down to a major level on the monthly timeframe. Take Profits at the previous recent high in case it decides to break the monthly support.
GBPCHF has just made a double top on the hourly and prices have retraced into the neckline. Fibs are pulled and prices have rejected the .618-.79 area which is why we are shorting. Possible channel being formed from the break of structure on the hourly timeframe. Take this 1:2.3 RR short down from 1.304 to the -1.618 level which was previous Resistance on higher...
If it continues to retrace at this rate, we can see it reach the green horizontal line, however i dont personally see it climbing that high. The greem EMA is smacked at the price rn. We will use this as dynamic resistance. On the H1, USDCAD has a red sma dynamic resistance On the m15, we have a .62 retrace touch for a sell.
Bearish engulfing candle at the retest of the uptrendline here. and if this current H4 candle closes like that as well, it'll be another bearish engulfing on the H4. I can see downside to the yellow zone at least. Fib retracement levels of .618-.79 on the hourly seems to be holding very well. The more times US30 touched this trendline, the more prices pushed...
TP is open but I am looking to swing this down to 1.275 levels again. The Dollar Index is facing resistance on the H4 and Daily timeframes and USDCAD is at resistance as well with bearish engulfing candles in place. Risk:Reward looks nice as well. The Stop loss is 40-50 pips away depending on entry.
Fibonacci retrace level of .618-.79 entry. These levels are also at a level of resistance
XRPUSD siting on the weekly 200 ema dynamic support with price approaching the level of demand in which price gained bullish momentum previously
I know tomorrow is NFP and I debated on posting this in here. Here's a 2.5 RR trade. My confluences here arethe m15 fib retracement level of .62 and ema resistance on the hourly. stop loss above previous high and TP is going to be -0.618 which sits perfectly at the next level of demand.
This long trade for GBPUSD RR looking very good. We are on the uptrendline on the higher timeframe for the past couple weeks now. Until prices breakout to the downside or upside, we will adjust accordingly. In the meantime, we are still long bias on GU