Here’s a better photo set up of my sell position. This is only from a technical stand point with multiple confirmations. Fib level, trend line resistance, key zone, EMA cross over….
EURJPY is near a weekly trendline that serves as resistance. On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s...
GBPJPY seems to be forming an ascending triangle & is near he support trend line that has been respected over the passed few weeks. from a technical standpoint, I'm expecting it to reject the TL before it shoots up again. what do you guys think?
with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking...
This is more of a swing trade setup. Broke out of a consolidation zone, breaking through a resistance zone & doing a possible retest. It is also near my 50% & 61.8% fib. Will look for a buy with a candle stick formations. Opinions?
GBPAUD gave a drastic drop this passed week. I believe it will be headin up to retest 1.87600 before dropping to 1.81000. This is a technical perspective. There’s is a bearish engulfing that formed on the monthly that shows a possible drop to my support level before going back up, but i will have to see how the fundamental news for these next weeks will say about...
GBPAUD is a correlating pair with AUDUSD. my bias on a technical perspective for AUD is short, as seen on a high time frame, the AUSSIE has been going down strong. with a possible retracement, it can potentially continue to drop & a result, GBPAUD will most likely go long. For GBPAUD, on a weekly timeframe, a shooting star printed on a crucial monthly support...
my bias is AUDUSD all go short because of its potential drop to the down side. on a technical stand point, it has formed a downtrend with LH & LL's. what do you guys think?
AUDCAD made a breakout on the trend resistance line. My analysis shows a possible retest on the or (kijun support ma) that if it happens, a move to the upside will be likely. This is also based on the Ichimoku indicator that shows a bullish trend in the making. Will have to wait for confirmation however before entering.
AU is in a weekly downtrend & is getting near the resistance trendline. I’m looking to go short once it reaches my trendline & shows a rejection with a candlestick formation or pattern of some sort.
Gold broke our weekly descending trend line & formed a shooting star on the weekly timeframe which shows a possible reversal. Will be looking for a possible retest on the trend line before heading back up tp our 2000 zone
USD has been consolidating for a couple days now. There’s been a breakout out of that zone with a possible retest before it shoots down. I believe USD will go short.
GA has been hitting this resistance zone for a while now. I have technical confluences that show a strong push to the downside. There’s an evening star on the weekly TF, printed on a resistance zone, & showed a perfect rejection on the y1.8 % fib!
We have multiple confirmations for uj to go short. 78.6% fib, res level & shooting star candle stuck on daily time frame.
We have a shooting star on a resistance level on a daily time frame! Sell opportunity for intraday traders!
I believe gold will go on a temporary retracement before going back down to our support zone It printed a bearish engulfing on a Weekly TF
Retraced to 61.8% fib & printed a shooting star on the daily time frame on a resistance level
We can see USDCHF in a resistance zone within a consolidation zone. It is possible that it can reject this zone & go short to the consolidation support as our 2nd take profit level. For now it can possibly retrace to .92700