Hello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
After reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch...
After a bullish rally for the AUD there was a correction which wasn't reach 0.5 FIBO. Now the price is moving to down side which is positive for JPY. It is good idea to look for double bottom combined with candlestick pattern ot diviregence on some of oscillators and the entry could be a good for long position. Very important is that we expect new for the AUD...
After forming of the desceding channel the price reached to supply zone combine with resistance line. The resistance line is not so hard because the prices have touched it only 2 time and now is the 3rd. Everything depends on the data which eurozone will share. If they are positive for the EUR then may be after a retest, an idea for long position will be great. If...
GBPAUD - there was a good correction to 0.5 FIBO which you could see on the chart. Also the zone of eclipse was so close to 200MA and diagonal resistance. The price reach out the supply zone which is strong one and if it breaks the zone, the possible entry should be taken in mind. The best entry is after retesting of the supply zone which may be will become demand...
After a breaking of the main bullish trend, there is a quick short movement. The price did a correction to 0.5 of Fib + supply zone combined with resistance line. This could be followed by a quick short movement to demand zone where doble bottom could be formed. There is a risk because the main movement is upwards and the correction of the main movement was done...
After a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a...
Overall the trend should be our friend. NZDUSD is in big bearish trend and after a sharply down movement it is time for a tiny correction. There is a bullish diviregence on the RSI 1H time frame, which may be is going to happen. Once the correction is done and the price hit supply zone it is good idea to look for a enter after candlestick confirmation or bearish...
After a good bullish rally for AUDNZD, the pair reached the horizontal resistance zone combined there with a supply zone. From the perspective of RSI there is bear divergence on 1H time frame. It is a bit risky to enter in a sell position right now, but if we have a good candlestick confirmation it would be great. However, the stoploss could be outside the supply...
There was a good bullish rally in the last days for the sterling. It is not a good idea to enter in a deal right now, because we have a lot of signals for a correction. Once we have a correction we could look for a entering in a buy position. The best place is at the eclipse. We should look for a confirmation - bullish divergence or a candlesticks formation.
The idea is GBPNZD long. As you can see firstly we have the last line (E) which shows us an exhausted movement in bear way. We have to consider that we can take the 2 circles as double bottom which is not verified yet. Also the support there with combination of the bullish RSI helps us to consider that the price movement could be for the GBP. The best option to...