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HEY guys, follow me on here for weekly updates on major currency pairs. Like and comment also, lets grow the brand and make money together. I'm waiting for price to get to the falling trendline so i can join the trend in a short trade after I see CONFLUENCE
Price is also in a downtrend on the smaller timeframes so i'm still looking for short trades. If there's rejection of the falling trendline, I'll be opening shorts with targets at the bottom of the channel
Price is currently trending downwards on H4 & H1. Structure is still in play so we're looking for short entries at green area.
Price has been in a consolidation rally, breaking previous resistances as it's been rising, but this week we're looking to sell GBPJPY to at least 130.625
After the strong rally, market structue seems to be changing to a bearish trend after price gained momentum at the Lower high. Further depreciation is anticipated!!!
BEARISH TREND has lost steam as the battle between bulls & bears result in an inverse Head & shoulder pattern. Using structure and higher time frame analysis. This is what I have come up with for the predicted move for this pair
Bears look to push the market down for another trend leg as price the trend still looks healthy with no sign of momentum loss. A with-trend push is expected AT LEAST to Previous Structure Low. Reason(s) for this trade: - price has retraced to the 50% fib level -price reached the descending trendline - trend strength still looks good - has come in contact with s...
AUD looks like its ready to punch EUR in the nuts and sell off EURAUD. We've come in contact with a very strong resistance level in the market that has been significant multiple times in the past. Smaller candles approach this region once again signaling that there might not be liquidity above that level. A short position an be initiated with profit target at...
After the strong rally from BTCUSD, price quickly lost momentum and the RSI showed divergence instantly. A head and shoulder play looks likely from the chart structure present on this timeframe so lower prices are expected in days and possibly weeks time
Momentum has been lost in the bullish swing, reasons for this sell : - and is shown in the divergence - price is in an uptrend on this specific timeframe - price has pushed far away from the 200EMA - a retest of previous structure high is expected
XAUUSD(GOLD) is in a downtrend in the long term, there's been a heavy consolidation that formed a triangle pettern. so a new bearish trend leg is expected as price has come to the 38.2% retracement level.
GBP looks to gain strength and start a rally. There’s been a sell-off which ended in August 2018. RSI showed divergence signaling that selling moment is lost Price pulled back to the trendline and is forming a Higher low at the 78.6% fib level Price shows bullish signals from here with the current closing price of the week forming a bullish candle A bullish swing...