hello everyone, I do really like this setup and, based on my analysis, it has good potential to drop down to profit. It's nicely trending towards the downside. The daily has broken the area of support with the closure of a bearish engulfing candlestick, suggesting an AUD bearish bias. If 1-hour support is attempted to be broken, we can see a further drop down....
The daily has crossed the 20/50/100 moving averages, and if it closes as a bullish engulfing candlestick in the next 8 hours, this would be a strong higher time frame indication suggesting NZD bullish power. The 4-hour candlestick closure, crossed all the moving averages and broke past a recent area of resistance. We might expect a pullback towards the area of...
Hey! NZDCAD is trending bearish on higher time frames, crossing all the moving averages, and we have a 4-hour bearish engulfing candle to confirm our entry. The trade will likely go further down to re-test the daily bottom. Both currencies are being bought. However, today we will have NZD retail sales news this evening, so depending on the outcome, the trade will...
hello everyone & Happy Monday! :)) There are multiple reasons why I like this setup: - It's trending towards the upside on the main higher time frames, crossing all the moving averages. - On a weekly time frame, we had a closure of a bullish engulfing candlestick which formed a new high. - On 1-hour & 4-hour tf > the price has crossed all MA's and they nicely...
hello everyone :)) The trade still looks bearish on higher time frames. The 12-hour TF is forming a bearish engulfing candlestick and attempting to cross MA 20, which is a strong indication of bearish bias. Price action on 1-hour is also indicating GBP selling pressure since it broke the uptrend with a bearish engulfing formation, crossing all the moving...
hello everyone :)) For today's trade, we have EUR/CHF, trending super bearish on the higher time frames, daily forming a new low. On a 4-hour time frame, we have a nice break through the support, and all the Moving Averages, push > exhaustion and a bearish engulfing are currently developing, which is a great sign to confirm the bearish bias for this trade. ☺️
hello traders:) Higher time frames are trending bearish. The weekly is developing a bearish engulfing. If that were the closure in 3 days' time, it would be a new weekly low, which is a strong higher time frame indication of the selling power in the market. The daily has recently crossed all the moving averages and MA 20 stands as a strong moving resistance. On...
GBP/AUD looks bearish on a higher time frame, crossing all the moving averages and we can see a daily bearish engulfing developing, which is a great indicator to confirm selling bias. On the 1-hour TF, a bearish engulfing is forming, and if it closes as it is, we will have a new H1 low. Talking about fundamentals, there is no big impact news today for both...
hello everyone x) looking at the higher time frames, nzd/chf is looking pretty bearish, broke past a 4-hour uptrend as well as also crossed 20/50/100 moving averages suggesting selling power. 1-hour bearish engulfing candlestick closure to confirm the entry. Both currencies are being slightly bought by the hedge funds but I believe this trade has a good potential...
- For today's trade, we have EUR/CAD. It's trending towards the downside on all the higher time frames, and all the moving averages are nicely following the trend as well. - We have a 1-hour bearish engulfing candlestick closure, breaking all the moving averages and suggesting bearish power in the market. - The trade has some room to move before it will re-test...
nice selling opportunity for usdcad, moving towards the downside nicely on most of the time frames, new low on 15-minute time frame. we are seeing a push > exhaustion scenario on 1-hour plus a bearish engulfing candlestick developing suggesting bearish power in the market.
AUD/CAD looking nice, it's trending towards the downside, we are seeing a 1-hour bearish engulfing candlestick closure bouncing of MA-20, but the price has also broken other MA's suggesting bears in the market. hedge funds are also in our favor, indicating that the AUD is still being sold off, not many huge impact news today that could influence the overall trade...
The trade is trending towards the upside on higher time frames, with a push > exhaustion scenario on the 4-hourly time frame and a bullish engulfing candlestick developing with a nice bounce of MA 20, suggesting bullish power in the market. Hedge funds are indicating buying power for CAD while CHF is being sold off. There is not much news today that might have a...
- GBPCAD is on a strong DOWNTREND on the higher time frames. - The weekly has broken through the previous low and a new bearish engulfing candle is currently developing. - On a 4-hourly TF, we are seeing the closure of a bearish engulfing candlestick while all MA20-50 & 100 are trending above the price, suggesting bear pressure. - Hedge funds are also selling off...
- EUR/JPY looks nice for a long trade opportunity. - It's trending towards the upside on multiple time frames and both MA's are following this bullish momentum. - We are seeing a 1-hour bullish engulfing candlestick to confirm our entry. - Hedge funds are also signaling increased purchasing power for EUR...
- Alright, I like this trade because it's trending towards the downside on the higher time frames. If we look at the daily TF, we can see multiple rejections off MA 20, suggesting that sellers are really in control of the market. - On a 4-hour time frame, the price broke both moving averages and we have a recent 1-hour bearish engulfing candlestick suggesting...
- AUD/CHF looks good for a short trade opportunity. It's trending towards the downside. - We are seeing a recent support break as well as a 4-hour bearish engulfing candlestick closure, suggesting bearish pressure. - Hedge funds are selling off both currency pairs, so the overall setup looks good to go:)
- The trade can be a slow burner, but it has the potential to continue a bullish move since it's trending towards the upside on most higher time frames. - We are seeing a 4-hour bullish engulfing candle formation in process, suggesting bull power in the market as well as a recent MA crossover. - If resistance will be broken, we could potentially see a push >...