As we can see that the OANDA:XAUUSD recent sold-off, where the price surged above its previous high before plummeting, breaking through the crucial support level at 2400. At this point, the market may enter a sideways phase, as the formation of a double top suggests that the bulls lacked the strength to push prices higher. This could be an opportunity for...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
Following the recent news release, the market experienced a decline, breaking through the triangle pattern and moving towards new lows. FX:EURUSD is currently forming a complex pullback from the resistance zone, with the price approaching the strong support level. Notably, the level has been tested twice before, only to be met with strong resistance. If the...
Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital...
The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:MATICUSDT has made a significant bullish move, bouncing off the support level at 0.7000. The price has broken and closed above this key level, suggesting a potential upward momentum. On the daily chart, we see a strong bullish candle, which reinforces the possibility of a retest...
The price perfectly fulfilled my previous idea. It reached the target level. As we can see, the BINANCE:BTCUSDT has broken and closed above the flag pattern, a classic trend continuation pattern. The bullish candle that accompanied this break signals a strong display of buying power, indicating a dominant trend. At this point, I anticipate two possible...
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have...
FX:USDCAD has recently broken above the consolidation zone, only to approach the resistance zone. As the market nears the channel border and upward trendline, I expect a potential rejection at this level. The market structure of lower highs and lower lows suggests that the market may not be able to close above this resistance zone. Looking left, the price action...
After breaking above the resistance of the falling channel, OANDA:XAUUSD started the week with a new all-time high. The bulls managed to maintain the price above the crucial 2400 level for three days. However, yesterday's trading session ended with a significant drop of 500 pips, pushing the price back below 2400. Although the overall structure remains...
Dear colleagues, I believe that the five-wave momentum is not yet complete. I expect a correction in wave “4” to the area of 1.08270, then the continuation of the upward movement to the area of 1.09501. Thus, the price will complete the wave “1” of the higher order. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:DOGEUSDT has formed a double top at the resistance zone, followed by a pullback to the support level. This has created a range zone, where the market is currently forming a triangle pattern. This pattern often indicates a pause before the continuation of an upward trend. The...
The market continues moving in the a sideways trend, with the price forming a descending triangle pattern. OANDA:XAUUSD is making lower highs and relatively equal lows, suggesting that the market may be poised to break below the equal lows. Notably, the key support level at 2400 is located below this potential breakout point. If the price make a fake breakout by...
The price perfectly fulfilled my last idea. After breaking through the downward channel, the market is currently trading sideways. FX:EURUSD has closed above the key level of 1.08500, which is a significant milestone in its price action. By looking at the chart's left side, we can see that the market previously tested the support level, where the price rapidly...
In time 1H, it is moving in an ascending channel. 💎 The last bullish leg after an unsuccessful break in the supply area of the previous wave has been corrected, which has extended to the green box. 💎 If the area is maintained, it can grow first to the middle of the channel to break the swing and then to the 2.24 range. In the future, it can continue this growth...
The price perfectly fulfills my last idea. It hit the target level. The market is now approaching the resistance zone, following a rebound from the support level. FX:EURAUD has formed a double bottom, indicating that the bears lacked the strength to push the price further down. On the daily timeframe, the price has reached the support level, where a significant...
In the 4H time, after a mixed correction, it has reached the $1 range, after which it has faced demand. 💎 It is currently moving in a downward channel. According to the current momentum in the region, the current demand is suffering. In the next step, it can continue to grow up to the supply area and the ceiling of the channel, which is a dynamic trigger. 💎 If...
GBPCAD just hit a weekly bearish FVG and today's bias is a sell, get ready to short this mf and make some $$$$
According to the previous analysis, the currency of Harmony One reached its target. Currently, it is in the microwaves of rising wave 3, which can increase this wave to 0.063. to continue But in the higher time, it is expected that the started wave will return at least 100% of its previous wave to the area of $3.27. But in short-term goals, the specified supply...