FX:USDCAD Shot term bearish idea for the pair Pair is moving in 1D upward parallel channel, made a double top and retraced to 0.618 FIB level. If it doesn't bounce back from current price, then probability to continue downward in channel is too high. so I am bearish biased for short term with Target Price of 1.27696 and stop loss above 1.29250 Best wishes for Trade
FX:EURUSD Short term Bullish Idea Pair has shown double bottom and continued making HH and HL. If price break above resistance area around 1.06109 and 1.05825 First Target at 1.07644 Second target at 1.08537 If resistance is not broken, then idea is invalid Best Wishes
FOREXCOM:XAUUSD Gold may take support around 1948 horizontal and trendline support level. First Target may be 1959 Trade at your levels
FX:EURAUD I think that bullish cypher pattern has been completed. Hence the pair may reverse to bullish trend from demand zone after confirmation of breakout. So this might be an accumulation area if bullish reversal is confirmed. Trade at your own risk.
BINANCE:DOTUSDT Bullish Indications 1- HH & HL 2- Bullish engulfer 3- Moving within channel S&R Bearish Indications 1- Price is still within 1D support zone 2- Resistance from 0.618 Fib level I am long biased, however if 0.618 Fib level (HH) is not broken) then sell below this level with trade plan mentioned on chart. Please support this idea with comment...
OANDA:EURAUD Bearish Indications 1- Bearish engulfer 2- Rejection from resistance at 1.59415, which is also previous neckline support for Head & Shoulder 3- channel trendline resistance 4- 0.5 Fib level retracement for a bearish trend started from Aug, 21 4- bearish divergence However there are few but strong Bullish Indications 1- HH & HL on 4H timeframe 2-...
OANDA:EURUSD Bullish indications 1- HH & HL 2- Bullish Engulfer 3- Bounced from weekly support at 1.11934 4- Retracement from 0.5 Fib level 5- ABCD pattern is in formation Plan A below is given for long. Plan A Buy at 1.12929 Stop loss 1.12547 Target1 1.13677 Target 2 1.14252 But for plan B, wait for confirmation of continuation of downward trend Please...
OANDA:USDCAD Bearish Indications Hanging man followed by shooting star in Resistance area at 1.27890, Possible Double top from resistance area. Bearish Divergence is seen. Bullish indications Higher high & higher low. Broke 1W resistance above 1.27516. May continue bullish trend only if sustained above this area So I am long biased with two trading plans...
BINANCE:SANDUSDT Two trade plans are presented here : Long if sustained above 0.618 Fib level Short if close below 0.236 Fib level Plan A Buy above 7.4666 Stop loss 6.7199 Target 1 8.5439 Target 2 10.2196 Buy at HL 7.1239 Stop loss 6.7199 Target1 7.9441 Target 2 8.5439 Plan B Sell below 6.6832 Stop loss 7.2830 Target 1 6.0833 Target 2 ...
OANDA:CHFJPY Bullish Indications Bullish piercing candle at Major 1D Support area at 122.566, Pair has been retraced to 0.382 Fib level on 4H. Bullish Divergence is seen on 1H RSI(14). This pair has been bullish 80% of the time in month of December for last 15 years. Daily timeframe shows bearish trend, which has been supported from current price level. I am...
OANDA:XAUUSD Bullish Indications 1- Formation of HH & HL 2- Inverted hammer followed by big Green Candle 3- Major monthly Support zone around 1780 4- 4H trendline support 5- support at 0.786 Fib level 6- Double bottom 7- Confluence of Horizontal support + Fib Level + Trendline bounce 8- For last 7 years, December is green for 5 years, 1 year is neutral and 1 is...
FX:GBPUSD Watch out level is presented here for either side of trend Indications for either Bulls or Bears have been mentioned on chart My view is to watch out 0.382 Fib level (1.33699). Then decide accordingly. If sustained this level, it might be the end of downward trend. Price may retrace down before start uptrend, as slight divergence is observed on 1H...
OANDA:USDJPY Bearish divergence is apparent at RSI on increase in price which shows weak momentum. If price is unable to make higher high, then trend reversal is confirmed. In that case, my first target will be between 0.5 and 0.618 Fib level on 1H timeframe. Please support the idea and comment below. Thanks and Good luck.
OANDA:CHFJPY Possible Bearish Reversal from 1W resistance area. Head & Shoulder pattern is formed on 4H timescale. Price is testing neckline resistance. If resistance is sustained and price may come below 122.56, it may continue bearish trend. Potential target can be around 0.5 Fib extension level and may further take 1D support from 120.56. Thanks and Good...
OANDA:EURGBP Bearish Trend Lower highs Descending triangle at 1D support if break below, then continuation of downward trend otherwise invalid setup Thanks
OANDA:AUDCHF Pair is bearish on 1D timeframe. Inverse Head & shoulder pattern might be early sign of bullish reversal. Moreover, pair is testing major support area. It can move up on appearance of green piercing or bullish engulfing candle. Buy entry may be taken with stop loss below right shoulder and target price around projection of head. If price break...
BINANCE:ETHUSDT Bullish continuation after Fib retracement at 0.618 if sustained above support line. If sustained above then next potential target around D point. If not, this setup will be invalid. Thanks
OANDA:EURAUD Pair is testing major support level (Blue line). If sustained above it, may turn to bullish reversal. If major support level is broken, then setup will be invalid.