We can see that EMAs (ema200 & ema50) are acting as support here We can risk to LONG at cmp and leave room for dca So long as we're holding 1.80 to 1.77, I'm expecting an expansion towards 2.25 to 2.37 area Will have to see if we can tap our higher targets Expect a rejection at $2, de-risk or take profit in case will get a strong rejection at this level...
My Analysis of the Gold (XAUUSD) Chart on the Daily Timeframe The gold chart has formed a double top pattern with a middle bottom, representing a neckline that serves as a strong support line. If this support is broken, there is a bearish target at the price level of 2206 or halfway down. If the price continues to fall, there is another target at 2181, provided...
Cardano currency is in buying condition. You can use this analysis according to your strategy.
It's trading above mid-level of this accumulation range If we can hold .0267 to .0258, will be looking for expansion towards .047 to .058 area We can risk to long at CMP and leave a room for DCA in case it dips a bit to .025 Local support: .0225 Local resistance: .030
BTCUSDT possible 15m scalping opportunity. The Price needs to break down and close below the up trend line and the 50EMA with a long red candle Invalid on chart with a candle close above. Good LUck
Neutral Trade Overview: Engage in trades that capitalize on market volatility without bias towards bullish or bearish sentiment. Fibonacci Extensions: Strategically place buy or sell orders at Fibonacci extension levels to anticipate potential price targets in both upward and downward trends. Fibonacci Retracement: Utilize Fibonacci retracement levels to...
Just like the textbook states, an impulse is followed by a correction. Examining the recent build-up, we might infer that the price has been soaring in the upside direction after having broken out of the descending trend-line mapped on the graph. At the moment, however, we are witnessing obvious signs of a potential bearish reversal and, if bearish moves kick in,...
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. I've noticed that at the monthly timeframe the pair is doing a wyckoff distribution schematic. Then at the weekly timeframe, the...
Let's take a look at the technical analysis for XAUUSD shared a chart for the reference only
Hello traders, there are very few successful people in this business. Please do not believe or trust every trader and chart that comes your way. I have set my target on the chart. Those of you who know me know that my targets will always reach their target. Drawings are very important in this business. If you make the right drawings, you will reach your...
In the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box...
According to Elliott Waves, we are still in the fourth wave which extends from 73777 to 49950. Sometimes Bitcoin exceeds the wave level, I Think that Bitcoin is not finished falling, and will start falling from 74,000 – 71,000 to the red level of 55,900 – 49,900. Then after that we will witness a real bull run extending to 85,000
Hello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and...
🔮FORTUNE'S OF BETLORD🤑 15M GOLD ANALYSIS✨✨✨ A simple break of structure analysis on the buy side. For a quick 2.78:1 or let it run to 3:1. Cheers, betlord.
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,344.81 USD. The sellers' bearish objective is set at 2,318.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,301.40 USD....
Here's my analysis of the pattern: A - This region marks a consolidation phase where the price moves within a narrow range before breaking out to the upside. The horizontal blue line likely represents the resistance level of this consolidation phase, which the price breaks above. B - Similar to region A, this appears to be another consolidation phase with...
You better don't miss out on this one! She almost reached her zone around the 79%. Where it is a good point to buy as you can see in the history.
Amazon is printing a massive inverse head and shoulders on the daily chart. Daily is obviously more reliable than lower time frames. The upside projection of this lands right on a key fib level around 210$. I expect this to play out as AMZN is way more undervalued than the other Mag 7 stocks save googl. Amazon also has so many sectors and a massive monopoly style...