As we can see, Cable pair as fondly called by pro traders has broken out of a long rising trendline on the hourly time frame marking a change in trend, here, we are looking at a correction phase as prices seems to be pushing up to complete the heads and shoulders pattern formation in confluence with trendline retest at around 1.22868, we can input pending sell...
GBPAUD heads up🚨.. Have in mind that here, we have a strong area of confluence..TF: weekly.. rejections are happening on lower time frames, doji has been spotted here, we don't know if trend will breakout of this falling trendline or buyers are exhausted?since It's obvious that's this is key area, so lots of selling are and interested in this position.. but we...
TRENDLINE BREAKOUT AND RETEST, Price sweeps through a falling trend shortly after clearing out sellers in a trap before a retest.. we expect the prices to go long then we exit around the red arrow pointing down...trade with caution
In front of us lies a great opportunity In the coming week with AUDNZD, a good amount of sellers have been exhausted at this current price level, while buyers are warming up and looking out for more distribution.. all eyes will be on the next key level on the ascending trendline support..while this is a high profitable set up, we will have to exercise patience for...
November 2022 support rallies again in March 2023 I expect this price to be a major point of interest for the bulls in weeks to come..we may set 83.572 to be our most preferred TP.. always make sure you use proper risk management
On the weekly time frame, prices have been respecting this major downward trendline levels, the last retest was December 2022 and now the price is back to the same key level momentarily ranging below the resistance level. since the trend is falling, we will consider going with trend to look for more short opportunities and that will only only if price action gives...
From November 2021 support ,here we have 2023 Feb prices hits the same support region we can see the bulls trying to take over the market..we will be going long on this pair. You can drop down to lower time frames for price action entery
Trading idea💡....Sentiment: BUY 🚀..USDJPY just made its first retest on the previous support since breaking out of the falling trendline on the Daily time frame..if you zoom in closely, you will see a massive rejection in the current wick.. we will be looking out for buying opportunies here may be we can cart away this massive 300+pips plus on a long term.. drop...
on the up trend, prices broke out of the resistance now becoming support, at 1.72797 we can see price action coming into play as the bearish candle sticks rejects on the new support 1.72798, patience is a virtue they say as we wait for price action confirmation before entering long and then exit at around 1.73694 on the upper resistance trendline
General market sentiment is buy under the 1week time frame , dropping down to hourly we can see an obstruction as prices rejects on the trendline ascending towards the neckline of the round number 12200 we wil be hoping that prices make few rejections around that resistance zone before falling down shortly....this is not a financial advise
Major supply region..we are shorting this pair now, Prices reacts to a falling trendline, after a failure to break above. price action comes to play as a pin bar formation Confirms a fall to the downward side and this area is also a valid resistance area found under the 4Hr time frame clearly
EURGBP update ⚠️..80% of the traders on the look out here...dip level 61.8 + trendline B.O & retest + RR turned support on the price level of 0.88863 makes is 3 valid confluence..we will be looking for buying opportunies find entry on smaller time frame📌
EURGBP update ⚠️..80% of the traders on the look out here...fib level 61.8 + trendline B.O & retest + RR turned support on the price level of 0.88863 makes is 3 valid confluence..we will be looking for buying opportunies find entry on smaller time frame📌
GBPCAD prices drops to the demand zone and made a touch with key points on the ascending trendline, we are hoping that the buyers seize this opportunity to push the prices up to the neck region of 1.63308
OANDA:AUDJPY prices are on the demand level we hope to see more buying pressure here on the 4h time frame as the descending trendline is about to be broken