Trad3WithFaraz

Trad3WithFaraz

The GBPUSD is encountering a formidable resistance zone between the levels of 1.26720 to 1.26850. Within this range, there is a convergence of factors including previous swing levels, the 50% Fibonacci retracement level, and an impending trendline break. Conversely, buyers will be looking for a break above this resistance to negate the bearish setup and bolster...

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The falling wedge pattern has been broken, along with a series of lower highs and lower lows. The formation of a higher high is a positive sign for buyers. On the upside, buyers can target resistance levels at 3.24 and 3.35.

Trad3WithFaraz Updated 

Following a bullish phase and distribution phase, the market has entered into bearish trend on 1HR TF. Currently, it is showing a pattern of lower lows and lower highs, signaling a shift towards a bearish trend. 0.76 and 0.61 are downside targets for short sellers.

Trad3WithFaraz Updated 

Bearish divergence has formed on the H1 chart, signaling a concerning development for buyers. If horizontal support breaks, at 1.13100 – which is also considered a Lower Low – then selling momentum is likely to increase. The targets for sellers should be at 1.01 and 0.90 respectively.

Trad3WithFaraz

GBP/USD is on the verge of breaking the crucial 1.28280 level, representing last year's December high. A breakthrough above this point would signal a positive outlook for buyers. The RSI indicates strong momentum, and there is no bearish divergence in this current trend. Buyers should consider placing their stop loss at the last higher low, situated at 1.25900....

Trad3WithFaraz

The series of lower lows and lower highs has been broken. The recent break above 0.74, where the last lower high occurred, signals a bullish trend. On the upside, 1.29 serves as a resistance level, with potential targets for buyers.

Trad3WithFaraz

Bearish divergence has formed on the H1 chart, signaling a concerning development for buyers. If the ascending parallel channel breaks, along with the horizontal support at 2870 – which is also considered a higher low – then selling momentum is likely to increase. The targets for sellers should be in the 2710-2750 region.

Trad3WithFaraz Updated 

Bullish Divergence is considered a positive signal for buyers. If there is a breakthrough above the resistance level at 1998, buyers are expected to take control. The target for buyers is the 2009-2013 resistance zone, with a recommended stop loss at 1982.

Trad3WithFaraz Updated 

After breaking a major support zone and experiencing a false breakout of support, buyers launched another attack, and buying momentum picked up after breaking the descending parallel channel. This resulted in higher highs and higher lows, indicating a bullish trend. Targets at 0.4350 and 0.5071 now seems achievable, as long as the 0.2710 level doesn't break.

Trad3WithFaraz

The price is testing a confluence of support in the 2.069 region. This horizontal support has been tested three times. Additionally, there is trendline support. Buyers are likely to remain in control above 2.05075. The target for this rally should be 2.092-2.094

Trad3WithFaraz Updated 

The major resistance zone at 2.057-2.060 has been decisively breached, a level that has notably functioned as both support and resistance in the past ten instances. The current trend indicates a strong presence of buyers, establishing a new support level at 2.06. The suggested stop-loss for buyers has now been adjusted to 2.0500. The target for this bullish rally...

Trad3WithFaraz Updated 

The range between 1.77200 and 1.77370 is poised to be a crucial barometer for both bulls and bears. This level represents the Fibonacci 0.38 retracement from 1.82823 to 1.73843 and has demonstrated significant support and resistance on seven occasions in recent times. The question now is whether it will break on the eighth attempt or face rejection at the...

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The bullish momentum appears to have waned, evidenced by the emergence of a lower high and lower low, and a bearish divergence. Should the STXUSDT fall below the 1.65 mark, it would signal a shift in the technical bias towards the downside. Notably, on the downside, crucial horizontal line support is situated within the range of 1.44-1.46.

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SEIUSDT faces a pivotal juncture with a key resistance level standing at 0.7661. This level has proven to be a formidable barrier in the past, acting as a significant hurdle for the asset's price movement. A successful breach above 0.7661 is anticipated to catalyze a surge in bullish momentum.

Trad3WithFaraz Updated 

Bullish Divergence is a good sign for buyers. Buyers will be in charge on a break above resistance at 2052 which is also a last lower high.

Trad3WithFaraz Updated 

Following the completion of a bullish flag pattern, price encountered a significant obstacle at the key resistance level of 184.400. Notably, during this interaction with the resistance, a bearish divergence has emerged, signaling potential downward pressure. Adding to the bearish sentiment, price has breached the higher low level, situated at 183.560. This breach...

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The market currently exhibits a concerning scenario characterized by a bearish divergence, followed by the emergence of a head and shoulders pattern. The recent breakout below the neckline of this pattern has heightened apprehensions among traders, as it signals a potential shift in trend dynamics. What adds to the unease for buyers is the formation of a new lower...

Trad3WithFaraz Updated 

Reasons to buy Gold 1. Break out of Accumulation 2. Bullish divergence Buyers will remain in charge above last Lower Low (1972-1973)