marcomihaicondrache

marcomihaicondrache

Price has been in a down-trend for a very long time. After forming a inverse head and shoulders pattern the price broke up through the trendline and the neckline of the pattern. Now we are testing a support zone (it was a resistance zone), the neckline and also the trendline of previous market structure. There is also a fibonacci retracement with our zones. I...

marcomihaicondrache

The price just made a double top after filling yesterday's gap. We are also near a strong trendline and i think that price is preparing to reach 89.00 with this pattern. Let's see if my prediction is correct. Like and follow for more!

marcomihaicondrache Updated 

Price is moving in an up trend and it clearly needs a retracement (RSI Divergence). After the broke of 1.36 (Our last setup wasn't respected.) we are watching to a retest of this zone and we found an IPA zone which corresponds exactly to our 0.5 fib level of the leg. In my view price at the open will go to 1.3700 and than down to our IPA zone for the...

marcomihaicondrache Updated 

DXY is currently moving with a down trendline but i think we are going to break it. DXY just above 90 level and seems rejecting it. I believe that this setup is a long term one and just opened a position. 92 is the goal.

marcomihaicondrache

Price just reached 1.3600 level. On 15 Minutes there are rejection candles with very long wicks. Rsi is overbougth in 1H and 2H timeframes. I don't think price will broke 1.36 due to pound problems. This level was already touched by the price but it always rejected it. Let's see if price can make a new lower high.

marcomihaicondrache Updated 

Price is making a double top pattern, on lower timeframes price seems rejecting this dynamic level (this dynamic zone is also near to a resistance since 2009). I expect a downside movement to 0.7500 (corresponds exactly to the size of the top.) I'm also DXY to break the trendline so we can get another confirmation.

marcomihaicondrache Updated 

Price moving in a rising channel and now we are at the bottom. I expect an up movement and for the new year the break of the channel. DXY analysis is also related.

marcomihaicondrache Updated 

Price is making a double top pattern on 2H/4H timeframes (also on daily but less clear). So we have 2 bounces on 1.36 major level (good resistance area). Price also made a lower high indicating change in market structure. I placed a trade on the top of the lowerhigh. Like and subscribe for more!

marcomihaicondrache Updated 

Price is making a bearish flag on 1H timeframe and a double top on 4H. A downside movement is expected near london session so i placed a sell limit at 75960 Let's see if the prediction is correct. Like and follow for more.

marcomihaicondrache

Price is currently moving in an uptrend and just broke 1.35 major level. I expect a retest of this zone which also corresponds to a dynamic support and to .382 fib level (we have also the trend line). I placed a buy limit at 1.35150 but if it isn't triggered i will enter during a retracement of the trend. Let's see if this new trend is respected. Like and...

marcomihaicondrache Updated 

Price seems making a rising wedge on 1H-30M timeframes. That usually means continuation (downside in this case). I placed a sell limit around 1.4100 to get a better entry but if it is not activated i will enter manually during the movement. Let's see if price respects the trendline and creates a new lower high. Like and follow for more! Last GBP/USD idea:

marcomihaicondrache

Price is making a head and shoulders pattern. We are now testing an important zone and price seems rejecting that zone. Let's if the price can make a new lower high and continue the downtrend.

marcomihaicondrache Updated 

Price is just consolidating above 1875 support after yesterday liquidation. Consolidation above support or below resistance always (90%) means rejection, so i expect a new high to be made near 1925. Price also started making higher lows (HL) meaning that the next direction could be up. Like and subscribe for more!

marcomihaicondrache Updated 

Price just broke the trendline and we can see rejection candles that indicates an up direction. The retest also corresponds to our .618 fib level and creation of the HL. Let's see if that new trend can continue

marcomihaicondrache Updated 

Price has broken 7.50 Major key level and closed the day with an inversal candlestick (hanging man). We also made a LH indicating a change in market structure (1H candlesticks are indicating strong sell). Next week i expect the trendline to break and start a new downtrend. I wait a cross of moving averages and a creation of a new LH on 30 minutes timeframe...

marcomihaicondrache Updated 

Price seems testing 1.350 major level which also corresponds to our point A of broken trendline. On lower timeframes price is creating rejection candlesticks and yesterday also made a new HL indicating a change in market structure and a possible formation of trendline. I wait for a cross of moving averages (EMA 8 and EMA 14) and a formation of a new HL before...

marcomihaicondrache Updated 

GU reached 1.60x resistance and started to create rejection candlesticks. The price consolidated a little inside the box and then started to drop. A change in the market structure was another confirmation of the next move. RSI was in overbought zone in 15m and 1H timeframes. RSI also formed a divergence on 15m. Fundamental analysis is also on our side. Trade...

marcomihaicondrache Updated 

GOLD started to reject 1900 key level. The price made a higher low with a lower high (1H timeframe) indicating selling pressure. RSI also was in overbought zone. EMA 9 and EMA 14 are crossing on 1H timeframe. I expect a short movement to 1850 also to retest a daily trendline that was broken. Trade with 1:11 RRR Like and subscribe for more!