lCrn49

lCrn49

Hello traders! -On weekly chart we can see that week started with strong bearish momentum,WHY?-Because AUD is very strong right now and GBP is very weak and AUD is pushing GBP in bearish direction. -I have noticed that price is rejected on strong weekly resistance line(upper blue line)-if price stays above that line we can say that resistance become new...

lCrn49

Hello everybody! -On XAUUSD we can see that price was moving in bullish direction until 31 JAN 20,and then price got rejected on strong resistance(blue line) and price bounce off in bearish direction,now we can see that price break trough(yellow circle) trend line(purple line) and price is now rejected at temporary support line(yellow line) -It seems that bears...

lCrn49

Hello traders! -On this pair we can notice that price break trough strong support line(blue line) and price also break trough 50 EMA. -I recommend to wait for retest and then we can see what to do,if price retest the resistance and then reject then we can try to find conformation to go short.If price break trough resistance then we can wait for retest and then...

lCrn49

Hello everybody! -On this daily chart we can see that previous support line(yellow line) now becomes resistance line and the price was rejected when it hit that line. -We can also see that yellow line is very strong support and now resistance because it had multiple touches in the past(about 15). -On daily base NZD and CAD are at same level and on weekly base NZD...

lCrn49

Hello! -We can see on 1 hour time frame that price broke trough resistance line and now price formed a double top pattern,double top is good signal for continuation of bearish momentum.Now we can wait for additional information and conformations to see what is going to happen. -I will wait to see next candle and then i will find opportunity to sell. THANKS FOR...

lCrn49

Hello everybody! -On this pair we all can see that price was moving strong bearish yesterday,price break trough resistance line(purple circle) and now price break trough support line(purple circle). -Now the price gained some bullish momentum and now we can try to see will it retest on previous support line(yellow circle) that now become resistance line. -Also...

lCrn49

Hello everybody! -On 4 hour time frame i have noticed that price was retested on ascending channel's support line (blue line) and price didn't break trough that line. -Within 24 hours the price was moving strong in bearish direction and price formed strong down trend at lower time frames(2 hours,1 hour,30 min,15 min,...) -I believe that price will keep pushing in...

lCrn49

Hello everybody! -On 4 hour time frame we can see that price may form head and shoulders pattern because price retested lets say"neck line" and did not break trough yet,that is one option in my opinion and second option is that the price will break trough because strong pressure of sellers because GBP is very weak right now and AUD is very strong. -In my opinion...

lCrn49

Hello everybody! -On this pair I posted yesterday an analysis about this pair and i said that we should wait for retest (yellow line,double top resistance line on 1 day chart) but the price went strong bearish and all I want to do is wait to see will it retest on support line(blue line) for more conformation. -On daily base USD is stronger than GBP and on weekly...

lCrn49

Hello everybody! -On pair NZD/USD i have noticed that price recently broke strong support line,...On lower time frames like 1 hour and 4 hours we can see that price retested again that support that now becomes resistance(blue lower line). -Second thing that i have noticed is that resistance line(yellow line) of double top(yellow circle) now can become new support...

lCrn49

Hello everybody! This is little bit different post than my previous posts. I wish you all successful week with lot of good trades! THANKS FOR READING!

lCrn49

Hello everyone! -On this pair we can see that EUR gained strong bullish momentum,the price broke trough strong daily support line(blue one) and also price broke trough neck line (yellow line) of head and shoulders pattern.On 1 hour time frame we can see that we had one retest and price kept moving strong bullish. -On daily base EUR is stronger than USD and on...

lCrn49

Hello everyone! -On this daily chart we can see that price continued moving in bearish direction,we had head and shoulders pattern last 2 months so the price continued in bearish direction. -Now the price is at lowest point since 2009,we can see 6 touches(yellow circles) at support line and price closed in Friday little bit above resistance line,on lower time...

lCrn49

Hello everyone! -This is my daily analysis of USD/CAD and I can see that the price is moving in descending channel and now the price was tested at strong resistance line and the price was rejected and now the price is above resistance line,I put blue rectangle as my stop loss lets say if I sell this pair because on that level there was strong resistance in...

lCrn49

Hello everyone -On this pair i have noticed that price is moving in ascending triangle and the brake out happen at Friday and price brake through triangle resistance line with nice bullish candle.On currency strength meter GBP is very strong currency on daily and weekly base and USD is way more bellow GBP so the price might keep pushing in bullish...