Forwarded from DovyFX | PREMIUM
US500
On weekly chart the price is at resistance where the price has rejected multiple times. The price was approaching it with strong momentum, but we can see that this week it has significantly slowed down.
Because of that I will be looking for short positions until or unless the resistance is broken.
On 2H timeframe the price is at a supply area and looks like it is struggling to break it. So I will wait for a bearish candle for an entry.
On weekly chart the price is at resistance where the price has rejected multiple times. The price was approaching it with strong momentum, but we can see that this week it has significantly slowed down.
Because of that I will be looking for short positions until or unless the resistance is broken.
On 2H timeframe the price is at a supply area and looks like it is struggling to break it. So I will wait for a bearish candle for an entry.
Forwarded from DovyFX | PREMIUM
US100
Price has moved up significantly after rejecting weekly support.
So far the momentum to the upside is solid, so I prefer the price to break and retest the supply for potential long opportunity.
But if it keeps rejecting and starts to break structure lower, I will look for shorts.
Price has moved up significantly after rejecting weekly support.
So far the momentum to the upside is solid, so I prefer the price to break and retest the supply for potential long opportunity.
But if it keeps rejecting and starts to break structure lower, I will look for shorts.
Forwarded from DovyFX | PREMIUM
US30
On the daily similarly as US500 the price is at weekly/daily resistance.
On 2 hour timeframe we have a potential supply/demand zone where if it is broken below the price would prove me that it is ready to move lower.
On the daily similarly as US500 the price is at weekly/daily resistance.
On 2 hour timeframe we have a potential supply/demand zone where if it is broken below the price would prove me that it is ready to move lower.
Forwarded from DovyFX | PREMIUM
AUD/JPY
Weekly timeframe chart is looking bearish and on top last weekly candle closed bearish after rejecting resistance.
On 2H we have a nice supply area above where we can look for potential short opportunities as it has a lot of volume in it as well.
Weekly timeframe chart is looking bearish and on top last weekly candle closed bearish after rejecting resistance.
On 2H we have a nice supply area above where we can look for potential short opportunities as it has a lot of volume in it as well.
Forwarded from DovyFX | PREMIUM
GBP/JPY
Daily timeframe is also at resistance with previous daily candles already rejecting it before
30 minute timeframe gives us a supply area + 0.5/0.618 fib retracement.
I will be closely following how prices moves around this zone for potential short opportunities.
Daily timeframe is also at resistance with previous daily candles already rejecting it before
30 minute timeframe gives us a supply area + 0.5/0.618 fib retracement.
I will be closely following how prices moves around this zone for potential short opportunities.
Forwarded from DovyFX | PREMIUM
EUR/GBP
Also rejecting resistance on daily + daily candle with no wick at the bottom.
On 2 hour price is potentially forming a head and shoulders right at the resistance and showing weakness.
Break of market structure lower would trigger my entry.
Also rejecting resistance on daily + daily candle with no wick at the bottom.
On 2 hour price is potentially forming a head and shoulders right at the resistance and showing weakness.
Break of market structure lower would trigger my entry.
Forwarded from DovyFX | PREMIUM
XAU/USD (gold)
Gold is bullish technically and fundamentally.
Currently it is sitting at support and daily candle with no wick at the top.
Break above supply on 30Min will be a great confirmation for entry to go long as we still have some room to go before we touch the next big resistance.
Gold is bullish technically and fundamentally.
Currently it is sitting at support and daily candle with no wick at the top.
Break above supply on 30Min will be a great confirmation for entry to go long as we still have some room to go before we touch the next big resistance.