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TitleGBPUSD H4 | Potential reversal in the short term TypeBullish Bounce Preference:Price is currently at our pivot point of 1.23988, which is an overlap resistance level along with a 50% Fibonacci retracement level. Additionally, the price is currently trading above an ascending trendline support If there is a reversal from this point, the price could […]
EURUSD, “Euro vs US Dollar” EURUSD is correcting after bouncing off the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0865 is expected, followed by growth to 1.1095. An additional signal confirming the decline will […]
EURUSD, “Euro vs US Dollar” On H4 near the resistance, EURUSD has formed a Shooting Star reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The target for the correction might be 1.0860. However, the price may grow to 1.0990 and continue the uptrend without testing the support. USDJPY, […]
TitleDXY H4 | Running into resistance TypeBearish Reversal Preference:Price is approaching our pivot level of 102.0399 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.979. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 102.6983. To discuss this trading idea, […]
TitleETHUSD H4 | Bounce off support TypeBullish Bounce Preference:Price is close to our pivot level of 1848.54 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1943.61. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 1781.83. To discuss this trading […]
EURUSD, “Euro vs US Dollar” On H4, the quotes have rebounded from 8/8 (1.0986), which indicates the development of a correctional decline in the price. The RSI has broken the support line. In these circumstances, a test of 6/8 (1.0864) is expected, after which the price could break it and fall to the support at […]