Price has been respecting a major ascending trendline, forming higher highs and higher lows. Currently, it looks like we’ve had a liquidity grab below the trendline, sweeping early buyers and stop losses. I'm watching this zone closely for a potential fakeout, followed by a bullish reaction. This area aligns with: Major ascending trendline support Previous...
Market Structure : Price made a strong bullish move and is now showing signs of a retracement from a clear supply zone around the recent highs. The impulsive leg is being respected, and the market has started pulling back from the top. Key Technical Points: Supply Zone marked where price reversed aggressively. Fibonacci retracement levels drawn from the swing...
We've spotted a potential sell signal on GBP/JPY due to current market trends. Consider reviewing your strategy and potentially taking a sell position, keeping risk management in mind.
In conclusion, the call for buyers on the AUD/USD 15-minute chart is a crescendo of potential profit. The technical symphony aligns, suggesting a conducive environment for buyers. It's a moment to seize, to enter the stage of intraday trading, and dance with the charts.
Attention, traders! The EUR/JPY 15-minute chart is painting a canvas of opportunity, now might be the opportune moment for buyers to enter the fray.
I think the bears will respect the trend line, so if there are any bears ,now it's your chance to sell.GOOD LUCK
"The EUR/USD currency pair appears to be entrenched in a sustained downtrend. This trend is characterized by a series of lower highs and lower lows, suggesting that the euro is weakening against the US dollar. Several factors contribute to this bearish sentiment, including economic data showing stronger performance in the United States compared to the Eurozone,...
As you can see ,the price was rejected from the resistance levels,demonstrating that the bears are still in command of the slide.