Forex Blog |  price action

day trading

USOIL – Key Levels for Day Trading

As we can see on the 30M time frame USOIL chart I marked the next key levels for a day trader. Below us, there is a great demand level for day trade buy position, This demand also broke out the supply from 31/10/19 which indicates

Read More »
btc/usd

BTC/USD – Critical Levels to Look For Sell Position

Price Action Analysis With Descending Triangle Pattern 23/10/2019 As we can see on the D1 time frame chart, BTC/USD price is in bearish momentum. Three weeks ago the price broke out a descending triangle toward down while creating a fresh supply above. This descending triangle

Read More »
GBP/JPY - Long Term Buy Position Opportunity.

GBP/JPY – Long Term Buy Position Opportunity.

Combination of CCI Divergence and Fresh Demand. Monday 14/10/2019 GBP/JPY has a significant rally of about 700 pips in the last few days. For the long term, it seems the GBP/JPY price has changed the momentum from bearish to bullish. The price reached a new

Read More »
BTC/USD - Long Term Price Action Analysis

BTC/USD – Long Term Price Action Analysis

It Seems BTC/USD Price on Its Way to 4200.00 Zones. Tuesday  08/10/2019 On the D1 time frame chart, BTC/USD price performed a Descending triangle pattern. The Descending triangle pattern represents a situation where the buyers cannot push the price to a new high. The price

Read More »
Which Direction the Price Will Break the Triangle Pattern, Down or UP?

USD/CAD – Symmetrical Triangle in Monthly Chart

Which Direction the Price Will Break the Triangle Pattern, Down or UP? Long Term Analysis for USD/CAD Sunday  06/10/2019 The symmetrical triangle pattern is a pattern where the price converges into a tight range. The  USD/CAD price creates a higher low and a lower highest.

Read More »
XAU/USD is Between Two Quasimodo Levels.

XAU/USD – Key Levels For Swing Forex Traders

XAU/USD is Between Two Quasimodo Levels. Thursday 03/10/2019 As we can see in the H4 time frame chart, the XAU/USD is bearish for swing forex traders. The price now is just between two Quasimodo levels. Quasimodo is one of the most powerful reversal pattern in

Read More »
GBP/JPY Performed a Double Bottom

GBP/JPY: Double Bottom on The D1 Chart

GBP/JPY Performed a Double Bottom After MACD Divergence. Wednesday 25/09/2019 If we look at the GBP/JPY D1 chart, we can see that the price has performed a double bottom pattern below. A double bottom is a reversal pattern in the forex market. It usually shows

Read More »
Quasimodo Forex Pattern - USD/JPY is still considered in bullish momentum

USD/JPY: Bearish Quasimodo After MACD Divergence

Change the Momentum or Only a Technical correction? Thursday  19/09/2019 The USD/JPY is still considered in bullish momentum. We can see the significant MACD divergence which lasts all the recent uptrend. While during this uptrend the price creates a few higher highs the MACD indicator

Read More »
WTI Price

WTI Price Opens The Week With a Huge Gap Up

WTI Reaches a New 4 Month High After Saudi Arabia Oil Field Attacks. Monday  16/09/2019 WTI price opens this trading week with a huge gap up. The price ended last week at 55.00 zones and open this week at 60.00. The highest level the price

Read More »

EUR/GBP: August Ended as a Bearish Pinbar Candlestick

A Confluence of MACD Divergence and Pinbar Candlestick. Monday  09/09/2019 Pinbar candlestick is one of the most reliable candles in the Forex charts. It is a reversal candlestick signal. The unique structure of this candle includes a long candlewick, at the opposite side a small

Read More »
Double Bottom Indicates the Downtrend Ended

GBP/JPY: Double Bottom Indicates the Downtrend Ended

CCI and MACD Divergence Confluence With Double Bottom Sunday  08/09/2019 The double bottom pattern is one of the reversal patterns in the forex market. It usually formed after an extended downtrend when two valleys formed at the same level. The sellers weren’t able to go

Read More »

Your message is underway!

You will be hearing from us shortly