In my opinion, gold will drop further to key technical level(s) around 1885.97. Confirmation: 1) H&S pattern, 2) Break/Retest of the neckline, 3) EMA downtrend. Let me know your thoughts. Happy trading guys!
In my opinion, gold will drop further to key technical level(s) around 1885.97. Confirmation: 1) H&S pattern, 2) Break/Retest of the neckline, 3) EMA downtrend. Let me know your thoughts. Happy trading guys!
Hello guys, this is my trade idea on the GBP/NZD currency pair this week. I opt for a sell on the pair given that the price has broken and retested the W1/D1 HTF area of value in addition to the following confluence factors: (1) Price below EMA, (2) Current market structure is bearish, (3) Descending Triangle - Bearish continuation chart pattern. Best of luck guys!
Hello guys, this is my trade idea on EURUSD for the NY session. I'm going for a counter-trend long trade opportunity if I see the candlestick signal otherwise, I go short after a break and retest of HTF AOV. #forex 4/09/2023
Hello guys, welcome to yet another trading week full of awesome opportunities. This is my trade mark up of the AUD/JPY currency pair. My directional bias is BUY. Hope you guys will agree with me. On the fundamental side though, AUD may be struggling due to the country's (Australia) trade relationship with China whose economy is currently going through a difficult...
This video is my thoughts on how you can trade gold in the coming days and what the possible outcome would be for the commodity.
Guys, check out my thoughts on NZDCAD for the week. My directional bias is bullish. I'm using chart pattern and Elliott Wave AB=CD strategy to determine my bias. Also, the fundamental outlook is added confirmation.
This video is my technical analysis of the NZDCAD currency pair. The market structure is bearish out of which a bear channel was created showing the strength of the CAD over NZD. I see a double-bottom chart pattern about to form and this is indicative of a bullish reversal to the upside from the support level. I will use a pending order for entry and set a smart...
BUY STOP EURCHF (0.9798) SL: 0.9719 TP1: 0.9871 TP2: 0.9961 #forexsignals, 15/06/2023 Trade Analysis (Technical, D1): EURCHF has been bearish over time but it now looks like the bulls are returning with a break & retest of an area of value on the chart. RSI is clearly above the 50 level and the formation of a hammer at the support area is indicative of a bullish...
EURCHF has been bearish over time but it now looks like the bulls are returning with a break & retest of an area of value on the chart. RSI is clearly above the 50 level and the formation of a hammer at the support area is indicative of a bullish reversal. I have used a BUY STOP order to time entry such that the trade will be invalidated if price could not break a...
Let's wait for the price to get to key level of support or resistance and then we look for Buying or Selling opportunities!
The NZD/CHF market structure has been relatively on a downtrend which has consolidated into a bearish channel looking at the 4H time frame. Price is currently at the structure zone of resistance and this presents a potential sell opportunity in price action. I see price pushing down further in the coming days given the number of days this structure has persisted....
This instrument has been bullish looking at the overall market structure from daily time period. However, price is now at a key zone of resistance signaling possible bull back away from structure level before it would resume its dominant trend up north. So, we can short the market now given that it's at stochastic's over bought level. Fibonacci golden levels of...
GUYS LETS BUY GOLD NOW! CONFIRMED BULL FLAG BREAKOUT TO THE UPSIDE AND STOCH IN BUY ZONE AS CONFLUENCE. TP AT NEXT STRUCTURE LEVEL OF 1916.51.
GBP/JPY on the 4H time period is consolidating within a rising wedge chart pattern and we are expecting the price to break to the downside given that this chart pattern is a bearish reversal pattern in price action. The breakout may happen anytime soon as we can predict from the over-bought signal coming from the stochastic indicator. We enter the trade at...