Seems like a breakout retest - I am long on it. Let's see :)
The trend is up making continuos higher high and higher lows , also there is a bullish harami candle , it shows small correction is over .
The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0621 and the Tuesday high of $1.06453. A return to $1.06 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major...
FX:EURUSD Good to short. Long term trade. Hold till TP for more gains 🚀
FX:EURUSD Good to short . Long term trade.hold till tp hit 🚀
there is a liquidity in this area and so we should sell it to 0.67209 area
GBPUSD holds onto the Brexit deal-inspired gains inside a one-month-old bullish chart formation called a falling wedge, following a sustained rebound from a fortnight-old descending trend line. Adding strength to the upside bias are the bullish MACD signals. However, nearly overbought RSI challenges the theoretical north-run targeting 1.2600. That said, the...
Nice break out and retest setup for the asian session. Evening star printed on previous support now as resistance. With a great 1:2 risk to reward.
USDCHF SELL stop loss and target given in chart, before entering trade do your own analysis
FX:GBPUSD Good to long.Long term trade.Hold till the TP for more gains 🚀
USD/INR is at a crucial level. If the stock breaks above 83.06 and sustains, then it could negatively impact Indian markets and vice versa.
The EUR/USD needs to avoid the $1.0587 pivot to target the First Major Resistance Level (R1) at $1.0642. A move through the Monday high of $1.06199 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance...
Looks like a Pole and Flag, waiting for breakout on hourly chart.
Looking to short EU in London above the daily open price and holding it till 10am - 12am ny
Hello Traders! 1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts. 2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached. 3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That...
A falling wedge breakout or retest occurs when the price of an asset breaks out of a descending wedge pattern, or retests the bottom of the wedge after it has already broken out. This type of pattern indicates that the bearish trend is weakening and that a reversal may be imminent. In this case, a long position in USDCHF would be taken to capitalize on the...
USDCAD bulls struggle to defend the two-week-old winning streak ahead of the Canadian GDP data. However, the Loonie pair stays beyond the fortnight-long support line, as well as the key moving averages, to keep buyers hopeful. That said, a horizontal area comprising multiple levels marked since early October 2022, around 1.3700 appears the key upside hurdle for...
price approach at area of value and price action formation of massive engulfing candle and also form head and shoulder pattern once the zone of neckline break price move to next support or trendline