FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show...
Hi Traders ! The EURNZD Failed To Create a New Higher High ! The Price Formed a Rising Wedge Pattern. The Support Line is Broken! So, I Predict a Bearish Move 📉 -------------- TARGET: 1.77090🎯
On the higher Timeframes EUR/USD is still bearish. US futures on the all time high, and we are aware of the correlation between the two, especially with the SP500. Based on supply and demand area I'm expecting this pair to bounce back from the low 1.09 area down to the 1.07 area.
SHIBA Inu has seen a nice retracement, but now it may be time to it watch closely! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.0000249$ and take profits at the levels shown in the chart. Targets: 1. 0.0000255$ 2. 0.000027$ 3. 0.000028$ 4. 0.0000293 ...
Gold's general commentary: As discussed, if Gold does not invalidate #2,452.80 - #2,500.80 psychological benchmarks in extension (Buying every Low's / less likely), I am expecting Gold to finish the Monthly fractal below #2,300.80 benchmark. Needless to mention, that would be Bearish for Gold’s Medium to Long-term (aligns with my Bearish expectations). On an...
We expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.
Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...
Pair Name : EUR/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
CRazy... way overbought and looks like a melt up. Got stopped out of my puts for even money, but I made plenty on the CPI pump so I'm done for the week. Not gonna short anything on Ponzi Friday. I'm not into chasing an overbought market, see ya guys Monday.
Gold just return to the origin now am expecting gold price to run all the liquidity below 2340 then make its way down to the sell side liquidity at 2270 now taking a short from this zone JOIN AND ENJOY........ Tell us what you think............?
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart. After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend. The next target is the immediate resistance level at 1.7330.
The price perfectly fulfilled my last idea. OANDA:XAUUSD played out nicely and hit the target. The release of new data triggered a surge in market, which ultimately broke above the previous high. This move also cleared the previous week's high, providing a clear indication of the market's upward momentum. Given that the market has reached the key resistance zone...
Hey Traders, above is a technical overview on GBPUSD and the most important demand zone to watch, GBPUSD was trading in a downtrend but successfully managed to break it out following the recent soft CPI data, so in today's trading session our direction have changed and we will be mostly focusing on potential upsides. the first zone we will be watching is 1.26300...
End of day update from us here at KOG: Yesterday we said we would be looking for price to go up towards the 2385-2390-95 region where is the opportunity presented itself, a short would be available to test into the lower support region where we were expecting a RIP. Price moves well into the region, giving the short and tapping straight into the region...
Bullish candles are forming quickly, we hope to get a pullback before we get into this trade. a break below the low will either indicate a start of a bearish move or a swipe of liquidity.
The pair is making lh and ll. Short entry can be taken at Fib level 0.618.