New Trade: AUDUSD Long Position Entry: 0.6680 Take Profit: 0.6870, 0.6800, 0.7500 Stop Loss: 0.6645 Technical Rationale: Entered a long position on AUDUSD based on sustained trading above the 200 EMA, indicating a robust bullish sentiment. Additionally, a retracement to the "golden zone" in Fibonacci levels supports the potential for an upward move. Current...
The the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure Additional confluences: - Price has dropped to the support range created from the previous major high - The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is...
Hi Traders! USDCAD is approaching its monthly high, and there are opportunities for long entries to target the monthly high. Here are the details: The first resistance at 1.34146 (which will now act as support) has just been broken, and the next targert looks to be the second resistance at 1.34430, which is also the monthly high. We are looking for 1.34146 to...
RECTANGLE PATTERN BREAKOUT WITH GAP-UP : Market broke out of previous rectangle pattern with a solid gap-up which indicated strong bullish momentum REVERSAL FROM 100D SMA : Market also reversed from 100D SMA on 1-hour chart which also made it a strong signal VOLUME SURGE : Alongwith gap-up opening volume also surged on 1-hour timeframe which...
In this analysis of KUCOIN:DAGUSDT , you will notice that it bottomed out already. This is obvious in the chart pattern. We had a breakout recently. A close above EMA They are building and the ecosystem is growing. I know because I have been paying attention to their community since 2019-2020. I bought my first bag during this period, and it mooned...
supports are on the chart. S1 is around $100-$102 S2 will be at the level of $88-$89 in the short term, you'd bet decrease the long if you hate to short your target @Frankie @Vickie
green moving average works very well; so i think there will be a market structure change for eurusd above this line. the volume is second sign for me. so with a 1,79 ratio i will enter the market.
Nothing to be taken seriously - I'm no expert. 30% down after breaking 200 MA on the weekly. This particular percentage downward has occurred twice before, after breaking 200 MA. Using a trend based fib extension the 1.618 mark is not far of from above mentioned bottom target. Leaving potential buy zones between 17900 and 15500. We shall wait and see what the...
With the downward momentum out of the way, price looks to start regaining momentum again. It may be limited to this week though, as the algos on the PPMs show a reversal again after a couple of days. Weekly chart is not able to provide much information for this week as the PPMs 2 and 3 are not in any trend, hence there's nothing preventing the price from...
AMEX:SPY January 15, 2024 15 Minutes As expected AMEX:SPY on Friday managed to hold 474 levels to continue uptrend. I took a trade pre-market around 475.5 levels to exit at open 478 levels being gap up. The reason to take the trade was on Thursday's close AMEX:SPY had broken the trend line and closed over it. My SL was 475, so the risk was worth it. For...
Hi. Bearish divergence is playing out☑️ Now we need to break below the cluster of 50 MA + Dashed S/R Trendline 📉 ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
CELH is in a base box on the daily timeframe, and nearing the top boundary. A short consolidation here could strengthen the next breakout event and lower the chances of a false breakout. Consolidation near the ATH level is then expected. A potential run to $78.50 is not impossible.
This is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement If the price breaks to...
Theta has reached the zone of EMAs, which is holding the price back, or is it? We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs. What do you think? Which way will we go? Swallow Team
Silver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : ...
Price correction is over. Time correction is over. (check yellow highlighter) It has surpassed the earlier peak. Now moving towards the next resistance. TARGET -1 : 2550 TARGET -2 : 3000 STOP LOSS: 2150 **These are my personal observations. Please trade at your own risk.**
My last post was a little premature. We got an inverted hammer on multiple timeframes looking like we might even get a morning star the 50 day ma might reject the deathcross and rejections can be more powerful then breakthroughs i think the bears are exhausted ! Seeing huge signs of reversal all across the board
Btc Has had a Strong Pull Back as Predicted by the Indicators. I'm not Liking how Close We're Coming to a Deathcross