EURUSD before FED Interest rates and expectations from the FED will be announced today.
This will definitely cause major fluctuations.
It is recommended to secure all open positions and wait for confirmation of new entries.
One scenario where we will look for an entry is a retracement of 1.0840.
To confirm the pushback, it is necessary to close the one-hour candle!
If there are no clear grounds, we will wait for things to calm down and then look for trades.
Candlestickpattern
A Divergence Signal!The candlestick indicate a divergence signal where the price closed above the MA line without significant result in volume.
RSI is gaining positive momentum due to fresh buying interest from the trader on the stock. But not contribute much on the volume.
MACD indicates a divergence signal and coherence with the candlestick price where the price closed above the MA line.
Is this will be a turning point for the stock towards next higher price peak? Using the resistance line is a good way to indicate if the price is gaining momentum towards next price peak.
Let's save KAB in WL and watch out for significant price movement with volume support the price uptrend momentum.
R 0.360
S 0.290
No trades on EURUSD As we already mentioned, tomorrow is the most important news at the moment and before that, often there are no clear movements.
Therefore, we prefer to wait, before looking for new entries.
Upon passing above previous top, an important resistance is 1,0840.
In case of larger fluctuations there is chance to be reached during the news and to see pullback from that level.
USDJPYHi
USDJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17?
What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup.
There are 2 ways I would engage it.
The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade.
Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
MSFT - Falling Trend [MIDTERM]- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken up through resistance at 257.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- MSFT is overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
EURUSD after CPIEURUSD after ICP
The news has passed but there were no good entry opportunities.
No new trades at the current levels as well.
Pullback from the support level at 1,0600 is needed in order to get into buys.
No grounds for sell trades too, at the moment!
That’s why it’s better to wait for the development and to look at another instruments meanwhile.
Tomorrow the interest rates from the ECB will be published, which will also have an impact.