CHFJPY [SHORT] Inverse Cup & HandleInverse cup & handle formed, wait for retest of neckline looking at a nice long drop down after that.
Lifestyle
Will it hit our resistance zone?Quick update on GU. I still have an alert here at 1.3451 and didn't hit my target yet. If we will not reach my main resistance zone and the price will brake our main support region 1.3290 then the price will meet new support area at 1.3100. So for now just stay patient and wait for the signal.
What is next for EURO?So let' start... The EURO already reached a point of 1.2000 . This was our main point. My previous post was about a reversal after psychological level of 1.2000 and correction to 1.1890, but the minimum of correction was 1.1923 (33 pips left) What do we have now? The price was broke the level of 1.2000 potentially start to form a new impulse to the upside! To be honest with you - I still can think the price will pullback at least to the main zone of support for me 1.1900 (general area) . Next daily resistance level is 1.2200-1.2240
Our second support was reached!Hey Traders! Little update here. I am not taking into account our small loss from yesterday on USDCHF but now we can clearly see our NEXT support region was reached! According to our last post
I mentioned that it will be my last point here, my support zone 0.8990 - 0.8980. And now we start to retrace. After a huge impulse to the downside - we will definitely wait for a pullback, and later on to go for a long. Need more time here to figure out some PA and as always keep you updated! So stay tuned!
1:4 DONEJust little update - the target was hit. My last update was about last impulse to the upside! Enjoy to everyone!
Potentially LONG to 1.9200Let's have a look on USDCHF. I mentioned before that we are looking for some trend change after getting inverse H&S pattern and we go back to 1.9200. here you have
According to our chart on 4H timeframe - we can notice that new impulse after false breakout was already formed. We just retested our main intraday resistance level at 0.9090. Potentially for me it is gonna be a huge move to the upside back to 1.9200. Hard to say how deep can we go from now, but my last point will be support area on 0.8990 - 0.8980.
Will be new impulse ?Hey traders! Hope you are fine! Let's have a look on GU for now. Yesterday I got 1% loss just because of high volatility and just because the indecision between bulls and bears as I mentioned here on this post
And what do we have for now? A new impulse forming to the upside so I am not looking for long for now, but think after FALSE BREAKOUT of our main resistance 1.3470-1.3520 we gonna look for short. And then hope the price will reach out daily support zone at 1.3100. So let's check my forecast on GU.
Wait for the last impulse
Hey traders, let's have a look on this currency pair. I mentioned on the weekends that it is gonna be perfect example of how the pullback can be created)) After getting double/triple formation we start to form new impulse to the upside, which was entry impulse for us! The MA50 was successfully broken so it is a straight signal for me the trend is gonna change.. at least I am waiting for one more impulse to the upside just to hit my TP and main resistance level inside of this range. Let's see how this will play out!
Prediction - reversal!Yes... That was a reversal level. Was a little busy to catch up that moment but later on I noticed that we got false breakout here, and start to think that we can go lower just to hit my another level of support. A nice push to the upside was already formed so waiting for a pullback to open LONG position, Hope we can go to 1.9200 on this one, let we know what do you think?
Psychological level hit and reversal?Let's have a look on my previous post on EU.
I was aimed here on 1.2000. When we were at 1.1960 I was telling for some pullback and then we are going for long. And when/if we hit 1.2000 - then the reversal will appear. So now my main focus will be for 1.1890 - area of support which you can clearly see on the screenshot!
GU indecision for now?Hello traders! Let's have a look on GU. As usual, I started my analysis on 4H timeframe. What did I noticed here? We got clear uptrend to the upside which means we are looking ONLY orders for BUY. Resistance on 1.3280 - 1.3300 was successfully broken and retested 3-4 times! I also see that we got 2 wicks rejections from our level which means that this level is in control by bulls!
When we stepping down on the lower timeframe 1H we can see that trend reversal starts to form (potentially forming a picture with LH,LL) So for me it is more like the trend is changed and to be honest with you - I would like to see the price hit 1.3100 level! Let's see how this will play out!
Is it ideal RRR for this one?There is not a lot of words, just a small update on EA. From the last week I put an alert just to start short from the top of the range. But today I found a good entry point from the bottom of the structure! Let's take advantage from it!
EURO should hit 1.2000Hey traders! hope you are doing well! Let's have a look on EU. Clear trend to the upside, so only buy positions are taking the place. According to the nature of the market - we know the market moves like impulse - correction - impulse. The impulse was already formed, so after pullback we are going for long. On my screenshot you can clearly see where the price can pullback. Don't think so that the price will go lower for now.
FINALLYHey traders! Hope you are well! As you can see we already got our support region and create H&S pattern. Me personally waiting for a reversal. Other scenario is that we get double bottom on 4H timeframe, in this case will be even better for us to get bigger RRR. Let's see how the market will open!
Are you ready for the move of 150 pips?Quick update about USDCHF. Early on I was telling you about my focus on 1.9200, which you can clearly see on the chart right now. On 4H timeframe we broke our support region and start to retest that level. I am not looking for short for now, but bigger picture is telling me that the trend to the upside is very likely! So when/if we get the Inverse H&S pattern I will look for a LONG position with huge RRR. Are you with me to catch that huge move 150 pips? Let me know below!
Will we reject from the resistance level?Hey to everyone guys! Middle of week, still have only one open position on USDCHF. But let's have a look on EA.
Clear trend to the downside on 4H timeframe, also we got some range between 1.6300 - 1.6150. We start to move correctively to the upside inside of our range which is OK. I would like to see the small impulse to the upside just to get better SHORT entry to the downside.
EURCAD [SHORT] Support BreakoutCan see the breakout on the chart, should manage to fire down to existing support over the next few days
GBPJPY [SHORT] H&S on the 30mLooks like this is worth the trade, closure below this point where the 30m trend line meets the neckline.
TP 1 = 135.236
TP 2 = 134.885
Short Term Trade
XAUUSD (Long Idea 1HR Timeframe)Just an idea that gold may reverse due to it hitting a previous strong support level and if my analysis is correct it should come back down and retest and then fly 🚀
Titan ticking the upscaleWatch signifies patience and so will this stock to reap. Wait for the re-trenchment to the POC level in green channel .
