The price perfectly fulfilled my last idea. After the market broke through the resistance level, it made an impulsive move downward. OANDA:XAUUSD closed below the significant level of 2330 suggests a continued range-bound market until the New York session. However, if the price pulls back from the resistance zone and the upward trendline, I expect a potential...
Yesterday's release of high impact news sparked a surge in the OANDA:XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel. This break also cleared the previous week's high. I think, the ideal scenario would be a retracement to the broken trendline level, setting the stage for a continued upward movement. I...
The price perfectly fulfilled my previous idea. It hit the target level. The market reached the resistance zone and then pulled back. FX:EURUSD is currently trading near the channel boundary, and I believe it's likely to break through it due to the significant sell pressure that has been building up from above. The price action has already taken out liquidity...
The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:SOLUSDT 's recent surge saw it break and close above the crucial 170.00 level, delivering a significant bullish signal. Moreover, the market is poised to breach the range zone, which could lead to a breakout. If the market moves above the previous resistance at 175.00 suggests a strong...
The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT has finally hit the strong resistance level on the daily timeframe, a barrier that has been holding price movements since March. Despite the overall bullish trend, I anticipate a potential quick retest of the support level as the price action appears to be losing momentum. The...
The price perfectly fulfilled my last idea. It went up and hit the target. FX:AUDCAD has recently tested the resistacne level and bounced back, indicating a strong defense of this key area. Notably, the price has also rejected the zone by absorbing liquidity above the previous higher high, suggesting a potential reversal. Furthermore, the daily chart is...
The price perfectly fulfilled my last idea. BINANCE:BTCUSDT is currently squeezed within a triangular formation, with the price bouncing off the lower channel boundary and now testing the pattern. At this point, it's possible that the price will break out of the pattern and surge upwards towards the next level of resistance. However, an alternative scenario is...
The daily chart shows that market testing the resistance zone, a key area where a significant bearish move occurred. FX:NZDUSD has lost momentum in this zone, as evidenced by the formation of a divergence. On the 4H chart, candles are shrinking, indicating a potential slowdown in the market's ascent. Given this pattern, I expect the market to pull back from this...
As May closed with a long-tailed monthly candle, it's now clear that we have two consecutive long-tailed candles, which strongly suggests that the OANDA:XAUUSD is struggling to stay above the key resistance level of 2400. This pattern is a significant indication that the market is likely to continue its downward trend. Furthermore, considering the seasonality...
BINANCE:ETHUSDT has broken out of its range zone and triangle pattern, propelling the market upwards with a new extension. Currently, the market is trading above the 3700 level, indicating a strong bullish momentum presence. If price experiences a pullback to support level and downward trendline, I believe it may be an opportunity to buy as the market's upward...
BINANCE:BTCUSDT is gradually gaining momentum, breaking through the range zone and breaking through the downward trendline - a significant bullish indication. Moreover, the market has closed above the crucial 70,000 level, as well. Notably, the price action is showing a consistent pattern of higher highs and higher lows, invalidating the previous two highs. I...
🔍 Technical analysis: Wave 3 or short-term bullish C scenario - It has a bullish guard in the 4H time frame. - After an upswing to the 1.172 range, it has had a zigzag correction. 💎 Currently, according to the upward momentum, it can have a pullback to the broken structure (green box) to continue the upward trend. - The 1.025 area can be used as a support to...
The price perfectly fulfilled my previous idea. The price reached the target zone in my previous forecast. FX:EURUSD recently broke a previous high, triggering a surge in its upward momentum. As it approaches the next resistance level, which previously witnessed a bearish reversal in March, we can expect a potentially choppy move around this region. With the...
EURUSD is moving in an UPWARD channel. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this...
According to the previously presented analysis, which was a trading range between the two supply and demand ranges, after another attempt and support in the neck line range, it has succeeded in breaking the supply range. 💎 Currently, due to the exit from the ascending channel and the support in the green box range, it has now re-entered the ascending channel. ...
The price perfectly fulfilled my last idea. BINANCE:BNBUSDT has been consistently making higher highs on the 4H chart, and the market is currently testing its previous high. This development is significant, as the price has recently broken out of a triangle formation, a trend continuation pattern, and closed above it. The current price action is unfolding right...
In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ...
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...