Hello traders. On this 4H analysis of EURNZD, we have the formation of a broadening triangle. Price has recently been rejected from the resistance level in the 1.71000 region. If this level is retested, a good entry reason for this short position would be the confirmation of a trend reversal pattern or a candlestick reversal pattern. Upon confirmation of a...
Hello traders. On this 4H analysis of USDJPY, we have a breakout from a descending channel. Price has recently fallen back to the support level in the 130.800 region and is expected to ascend to the 134.800 region or the 137.800 region. The support level in the 130.800 region would be a good entry point provided that a bullish candlestick pattern is formed.
Hello traders. On this 4H analysis of AUDJPY, we have an ascending channel setup. Price has just recently tested the 90.500 support region in the channel, providing us with a good entry point. We now await a good entry reason. A good place where price may go next would be to the resistance level in the 93.000 region.
Hello traders. On this 4H analysis of EURUSD, we have an ascending channel setup. Price has just recently tested the 1.07200 support region in the channel, providing us with a good entry point. A SL should be placed at an appropriately distance below the 1.07200 support level in the event price breaks out of the channel and enters into a waterfall. A good place...
Hello traders. On this 1H analysis of NZDJPY, we have a falling wedge setup with a support level within the buy zone identified. There is good rejection from the support level and this area would be a good entry point for a long position. A good place where price may go next would be to the resistance level in the 83.800 region. A SL should be appropriately placed...
Hello traders. On this 4H analysis of AUDUSD, we have the formation of a broadening triangle. Price has recently been rejected from the support level in the 0.68500 region. This level may or may not be retested. The projected target would be the resistance level in the 0.70000 region or the 0.71300 region. If price breaks through the support level in the 0.68500...
Hello traders. On this 4H analysis of AUDCHF, we have an ascending trendline setup with a buy zone identified in the 0.63700 region. Price has already tested this zone and we are now awaiting a retest and rejection to get a good entry point. A good place where price may go next would be to the resistance level in the 0.65000 region. If the trendline breaks then...
Hello traders. On this 4H analysis of Gold, we have an ascending channel setup with a strong resistant level within the sell zone identified. There is already good rejection from the resistance level and a good entry would be within the sell zone. A good place where price may go next would be to the support level in the 1788 region. A SL should appropriately place...
Hello traders. On this 4H analysis of CADJPY, we have a recently tested resistance level in the 91.650 region. This level is currently being retested and a good entry reason for this short position would be the confirmation of a trend reversal pattern or a candlestick reversal pattern. Upon confirmation of a reversal pattern, the projected target would be in the...
Hello traders. On this 1H analysis of AUDNZD, we have an ascending channel setup with a possible double top forming within the sell zone identified. If this double top setup remains valid (or any other good indication of a rejection out of the sell zone), a good place where price may go next would be to the support level in the 1.07020 region.
Hello traders. On this 1H analysis of AUDNZD, we have a double top setup. We can see that the price was rejected twice from the 1.0700 region, creating our first and second top. Also, the neckline was formed in the 1.06700 region. An entry reason for this trade would be a strong break and a possible retest of the neckline. The 1.06150 region is seen as a good...
Hello traders. On this 4H analysis of GBPUSD, we have a recently tested resistance level in the 1.36000 region. This level has just been retested and a good entry reason for this short position was the confirmation of the bearish engulfing candlestick pattern on the 4H TF. The projected target is in the 1.34300 region. If a good entry on this setup was missed at...
Hello traders. On this 4H analysis of EURCHF, we have a double bottom setup. We can see that price was rejected once from the 1.03350 region, creating our First Bottom (1ST BTM) and we are now awaiting a second rejection to create our Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 1.03900...
Hello traders. On this Daily analysis of CHFJPY, we see the potential of a Head & Shoulder (H&S) pattern forming within our long term parallel channel. The left shoulder (LS) and the Head (H) have already been formed and we are now awaiting confirmation of the the Right Shoulder (RS). In this H&S pattern, it can be observed that the Neckline (NL) is in the 124.000...
Hello traders. On this 4H analysis of USDJPY, we have a recently tested resistance level that showed strong rejection in the 115.430 region. This level is currently being retested and a good entry reason for this short position would be the confirmation of a trend reversal pattern such as a double top, triple top, etc. Upon confirmation of a reversal pattern, the...
Hello traders. On this 4H analysis of EURGBP , we have a double bottom setup. We can see that price was rejected twice from the 0.83870 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.84270 region. The 0.85100 region is seen as a good resistance...
Hello traders. On this 1H analysis of EURGBP, we have a double bottom setup. We can see that price was rejected twice from the 0.83870 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.84270 region. The 0.85100 region is seen as a good resistance...
Hello traders. On this 4H analysis of GBPCAD, we have a double bottom setup. We can see that price was rejected twice from the 1.67300 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 1.69050 region. The 1.71150 region is seen as a good support level...