USDCHF is a downtrend in the weekly time frame and in the h4 time frame weekly pullback gets over and the price is forming distribution to trap the weak-handed traders in this distribution stage 90% of traders are losing price may go short because of the price at the weekly resistant zone and price which is formed distribution zone. it is education purpose only trade safe.
The current market price of EURGBP is sitting at support area. Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price. The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only...
EURUSD is in bullish trend, but the box is providing the resistance which seems to be temporary whenever the support is taken above the box, we can enter as the bull. Yellow line is another resistance, and we can book partial profits there and at green we can take it as TP.
U.S. will release CPI and PPI data on 14 and 15 March at 12:30 p.m. UTC The Consumer Price Index (CPI) is a monthly report measuring differences in prices of goods and services consumers buy. Producer Price Index (PPI) shows changes in the price of goods and services producers purchase. Both reports are popular inflation indicators, and inflation is the most...
USDCHF Forex Analysis. Looking Sideways To Bullish Make Sure To Confire Entry
GBPUSD Trading BULLISH Pattern, Wait For Confirmation, Can Get One-sided Rally.
Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today. 20th Feb DH - 1.07045 DL- 1.06701 21ST FEB PIVOT - 1.0686 R1-1.0703, S1- 1.0668 R2-1.0721, S2- 1.0652 R3- 1.0755,...
Hello guys i had find this setup which is made double top in 4h and resistance at upper trendline we had a good opportunity to short because cad is bullish and its high chance is to go short and plzz do your own analysis before taking any position thank you
GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance. Now a fresh short position below the trend line for the targets as mentioned along with stoploss.