Outside Bar Candlestick Pattern With Price Action Analysis For SPX500, Sunday 09/06/2019 As we can see on the 1W chart, the last week candle has ended as an outside bar candlestick pattern, that’s happened after the Federal Reserve announcement About the chances for Interest reduction soon, that bullish outside bar candlestick indicates that the price […]
Candlestick Pattern With Price Action Analysis For EUR/USD Thursday 06/06/2019 On the 1D chart, the previous day’s candle has ended as an outside bar candlestick pattern, which is a reversal pattern. We can see how this candle was engulfed the day before. The height of the outside bar was higher than the height of the […]
Influence of Fresh Supply and Compression Tuesday 14/05/2019 As we can see on the 1D chart, the USDCAD price is struggling to move up, this kind of price behavior called “Compression”. the price moves up step by step in a way that looks powerless, many Small candles, everything seems pressed. above us, there is a […]
Monday 13/05/2019 Waiting for Breakout of One of The Zones The USDJPY price is ranging between the support below and the resistance above. there is a 50 pips range between these zones, at the moment, it’s better to wait for the price to break out one of These zones, if the price will break out […]
Sunday 12/05/2019 Combination Between Fresh Supply and MACD Divergence For the long term, the DAX index is in bearish momentum. On the weekly chart, we can see clear head & shoulders patterns at the top. For now, the price is just back to the neckline of the pattern that broke out in October 2018. In […]
Friday 10/05/2019 As we can see in the 1H chart, GBPJPY has started this week with almost 100 pips gap down and continue with a downtrend of 400 pips. if we look for the reversal signal, it will be the Resistance Zone, if the price will break out the resistance zone it indicates that the […]
Wednesday 08/05/2019 The BTC/USD just arrived at a significant supply level that we can see on the 1D chart. It seems the price maybe already touch this supply but it’s not sure. For now, there are 2 options to act: 1 – If the BTC/USD price will move up again toward the supply level and […]
Tuesday 07/05/2019 In this 4H chart, we can see that GBP/USD is in bullish momentum. it seems that nothing can stop the price at least until the price will reach the resistance above. we can see that the demand Below is also the 0.50 Fibonacci level of the recent uptrend, the combination of the demand […]
Monday 06/05/2019 Like most of the USD pairs, also USDCAD has open this week with a 30 pips GAP up. usually, gaps indicate on a massive amount of unfilled orders and create a new supply or demand. in that Case USDCAD start this week with gap toward up and create new fresh demand, on the […]
Sunday 05/05/2019 SPX500 Index like most of the other indices creates a new record recently. a new record means that the price is too high and as forex traders, we need to look for sell position, First, we need to find A good setup to sell the SPX500, as we can see on the chart […]
