Today, we will examine USDCHF from a multi-timeframe perspective. Firstly, looking at the WEEKLY-timeframe chart on the left-hand side of the screen, it can be observed that the price has nicely rejected the key region of resistance aligning with the 50% Fibonacci retracement level identified from the massive Weekly TF impulses. Narrowing into lower-timeframe...
Taking a look at the Monthly-timeframe graph, we might observe that the price has heavily rejected the major level of resistance that has been highlighted. Zooming into the Weekly Timeframe, it can be inferred that the price is currently sitting on a previous region of resistance now acting as support. If the key level we are currently sitting on gets...
Looking at the Monthly-timeframe graph on the left-hand side of the screen, it can be inferred that the price has been able to reject the crucial area of resistance highlighted on the chart that lines up with the 50% Fibonacci retracement level drawn from the top to the bottom of the bearish rally commencing in April of 2022. Zooming into the Weekly-timeframe...
After a consecutive streak of printing numerous wick candles, we can finally observe the price attempting to impulse towards the upside. As highlighted on the chart, drawing two diagonals, a triangle pattern can be identified. Now that we can see some signs of a breakout from the formed triangle, we are more or less confident that the region marked on the chart...
Looking at the Weekly-timeframe graph on the left-hand side of the screen, it can be observed that the price is approaching a key level of support that aligns with the up-trending diagonal highlighted on the chart. Zooming into the Daily TF chart, we may identify a preliminary entry point that we will have our eyes on for entering long positions and riding the...
First of all, taking a look at the Weekly-timeframe graph, we might observe how the price has succeeded in rejecting the crucial area of resistance that aligns with the 38.2% Fibonacci retracement level. Zooming into the DAILY TF graph illustrated on the right-hand side of the screen, it can be identified that the price has printed a long wick by rejecting the...
As we all know, the three most popular trading styles are the following: Swing trading, Day trading, and Scalping. This educational post is concentrated on highlighting some of the pros and cons of all three techniques. When it comes to Swing Trading (middle to long-term trading), some of the advantages are less screen time, less anxiety, less risk, and less...
First and foremost, please, do not mind my Picasso-esque drawing. Secondly, and most importantly, a massive triangle pattern has been formed and we are awaiting a breakout + pullback (re-test) of either one of the barriers of it before forming up our bias. If the upper diagonal gets penetrated, then we will wait for a slight retracement before - potentially -...
Deriving from the Weekly-timeframe graph on the left-hand side of the screen, the price is headed towards the crucial area of resistance lining up with the 50% FIbonacci retracement level highlighted on the chart. Zooming into the H16 and lower timeframe charts, it can be inferred that a crucial area of resistance has been reached and the price is attempting to...
As thoroughly demonstrated in the publication made on Gold last week, deriving from the Weekly-timeframe graph (on the left-hand side of the screen), we are anticipating for the price to pull back into the crucial region of support lining up with the 50% Fibonacci retracement level as highlighted on the chart. Zooming into the H4 TF and adding up to the...
Conducting a multi-timeframe analysis and taking a look at two major timeframes - the Weekly and the Monthly - we might observe that the price has reached a very important level of resistance (both technically and psychologically) and rejected its borders. Although the long-term sentiment remains bullish, we are expecting a short-term drop and eyeing the area of...
Having conducted a thorough MTF analysis of EUR/USD, the following observations could be made: Weekly: as it can be inferred from the Weekly-timeframe chart, the price has been shooting wick candles and failing to break above the major resistance highlighted on the graph. The ongoing Weekly candle is looking massively bearish, and if we get to have a such...
As it can be inferred from the H8-timeframe graph, the price has made a successful initial bounce off the 1.331 - 1.332 area of support that is highlighted on the graph. Observing the ongoing price development, is can be noticed that the price is failing to push higher, and that it might perform another re-touch of the same zone (1.331 - 1.332) and form another...
In a world where you can love anyone and anything your heart desires, fall in love with ONE currency pair ONLY. The notion of "the more pairs I trade, the more money I will make" is false. If you wanna be a consistently profitable trader, it is more beneficial to focus on a small selection of securities and master them, and there is a concrete reason for that....
As it can be observed from the Daily-timeframe chart, the price has nicely broken and re-tested the 0.879 - 0.88 area of previous resistance now turned into support. Zooming into the H8-timeframe graph, we can see that a massive wick candle has been printed to re-touch the same key level and grab some liquidity laying below it. From here, we are expecting for...
Looking at the DAILY-timeframe graph on the left-hand side of the screen, we may observe that the previous candle has managed to close impulsively bullish and approach the crucial area of resistance highlighted on the chart. Zooming into the H8 graphic, it can be inferred that the price might be headed towards the 1.364 - 1.365 region before forming a Double Top...
As our previous EURUSD idea played out perfectly, we're now looking to break our previous target which currently holds up as a resistance zone. The initial attempt to breakthrough was rejected; however, as the wedge keeps on getting tighter and tighter it is clear that the breakout is inevitable. Buying off the trendline might be a move for some traders; however,...
Happy new trading week to all the community members! As we're currently resting around a 1.355 level, there is a clear short term opportunity to sell this pair. A vividly developed range is always a good way to make some quick bucks on this potential 120 pips downside move. Would you enter this trade?