On EURUSD it is the end of the month, which is Q4, and we are expecting a distribution to the downside below the true month open, as you can just see price has just cleared the previous monthly high and closed below it
I would like to share a long-term accumulation strategy for AUDIOUSDT that I've been eyeing. Chart Patterns and Indicators: Descending Channel: The price is currently moving within a descending channel, indicating potential breakout opportunities. Harmonic Pattern (XABCD): The pattern suggests potential reversal points at identified accumulation zones. Volume...
Based on the provided chart for GLMR/USDT on a 1-day timeframe from Binance, here is a detailed trading plan: ### Entry Point - **Entry Zone**: Between 0.2275 and 0.2823 USDT - This range represents a key support area where the price has previously found buying interest. Entering within this zone can help capitalize on potential upward movement while minimizing...
Dear traders! On the 4-hour timeframe we noticed an interesting candlestick pattern setup. Price action was confirmed high above the 1.2645-1.2650 support level. It is expected that in the near future the uptrend will be more certain, the target is at least in the area of 1.2800 - 1.2850
TRB was in a declining phase, printing lower highs and lower lows. After that it went into an accumulation phase, which was soon followed by a breakout confirmed by the break of previous lower high. It has printed a higher high and after retracement to 0.382 of fib level, it is now looking good for next rally. According to AB = CD also the target is around 180....
EUR/AUD is falling towards a support level that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.61539 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci projection. Stop loss: 1.60030 Why we like it: There is an overlap support level which lines up with the 127.2%...
Hello traders hope you are enjoying our Analysis. Now we are here again with a new trading opportunity ,we will discuss today about BONKUSDT Moving slowly but positivity moving towards our target. Looking positive to hit our target in coming days
SHB/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.2414 Why we like it: There is an overlap resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 0.2505 Why we like it: There is a...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 114.77 1st Support: 113.03 1st Resistance: 115.88 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
USD/CHF is rising towards the pivot and could potentially drop to the 1st support. Pivot: 0.9096 1st Support: 0.8990 1st Resistance: 0.9150 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
ADA/USD is currently at a support level which is a pullback support that lines up with the 38.2% Fibonacci support and could potentially rise to our take profit. Entry: 0.4642 Why we like it: There is a pullback support which lines up with the 38.2% Fibonacci retracement. Stop loss: 0.4467 Why we like it: There is an overlap support level which aligns with the...
On the chart it's gone up 7 points in 7 weeks or 49 days. After rising for 14 days. A possible delay to June is something to consider.
hi traders, Let's have a look at BTCUSDT on 1 h time frame. As we can see, the price reclaimed the important support. However, RSI is overbought now on 1h time frame. I don't think that it will continue the uptrend without a pull-back. If we get a pull-back and the price retests the support, it may be a great area to enter long position. Stop loss below the key...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2707, a swing-high resistance Our take profit will be at 1.2605, a pullback support The stop loss will be placed at 1.2803, which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
XAUUSD - 24h expiry Price action continues to trade around the all-time highs. Buying continued from the 61.8% pullback level of 2372.7. Previous resistance at 2370 now becomes support. The primary trend remains bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 2366.4. We look to Buy at 2370.2 (stop at 2356.2) Our profit targets will be 2405.2 and...
Preferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a...