My previous analysis showed an ABCDE corrective move as one possible outcome. This pattern is completed and we broke a support level that price has been leaning on several times before. All of this is to me indication that price will continue bearish until the red wave Y finds its end point. First after that the pair may revert to a bullish period again.
GBP/USD: Predicting a downtrend As of now, GBP/USD is trading around 1.2700, showing some signs of volatility. I am hoping that this pair will retest the liquidity zone so it can accumulate and grow again. Sell at: About 1.2700 Stop loss: Above 1.2800 (right above 34-day EMA) Take Profit: Initial target is 1.2600, potentially extended to 1.2500
Continuity of the uptrend on TSLA. Buyers gained the upper hand over sellers with the resistance line breaking forcefully with a large green candle.
I like to keep my trading analysis simple. I have been backtesting and trading this way for a while, and it has been working quite well. The key is to be patient and wait for the right opportunity. We had a bullish break of structure, so I will wait until it fills the lower weekly FVG to buy, with my target set at the psychological level of 0.87000.
Breakout Confirmation: A clean break and close above the upper trendline of the wedge would be a bullish signal, potentially leading to a price increase towards the $66k- 67K zone. Rejection: If the price fails to break out and falls back below the wedge, it could test the support level around $60k again. Looking Ahead: The weekly candle close can offer...
#EURCHF Update Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss About EURCHF. EURCHF is getting ready for a small retesting. In this retesting we can see drop upto 100Pips+ soon. Keep in touch we will update further soon.
By analyzing the gold chart on the 4-hour timeframe, we see that the price is still grappling with the support zone between $2320 and $2323. Today, we are expecting a speech from Mr. Powell in a few hours, which could lead to significant market fluctuations. Markets are looking for signs of whether the Federal Reserve will continue to raise interest rates. Any...
A double top is visible on the graph. ZAR has been in a downtrend for weeks and is now trying to weaken. But I think this will not be enough.
The BTC/USDT price on the 4-hour chart is currently trading within a significant range. The price is near a strong support level around 60,000 USDT and facing resistance near 63,000 USDT. The chart shows that these levels have been tested multiple times, indicating their importance.
Here is the 15min GU trade for today…. And then also the vertical line for markup and then going smaller TF to find a trade with tigher SL and bigger reward at the end. There is a 10R trade in there if not more. See comment below
Some nice "narration" for what I'm seeing on TSLA and things I look for/at in general... Don't NEGLECT THOSE FIB LEVELS, STILL RELEVANT! Delivery Numbers look to be the next catalyst 7/9 I think it's easy for us over here (USA) to neglect what's going on in other countries; CHINA... China and Tesla always have interesting relationship, I think they pump...
This pair has been in a relentless bullish trend. This reversal is a possibility but as we all know how unpredictable the market is. Let's just keep a lookout there might be something here...
As we can see a major trendline which has been acting as a key role in btc price. If we combine this trendline with Stochastic RSI then we can see a simple repeated setup. So we can see another bounce from here like previous times.
Ether ETFs are close to becoming available for trading in the U.S. after the Securities and Exchange Commission (SEC) approved applicants' filings last month. The regulator must also approve their S-1 filings before the products are cleared to trade. Firms such as Galaxy say ether ETFs could see $5 billion of net inflows in the first five months, while Bitwise...
**this is not a buying recommendation and is for educational purposes** the price is consolidating in a price range for almost a year now but theres a big green break out candle which proposes an indication towards the upside for almost 7-11%
Hello,Traders! EUR-AUD is trading in a Downtrend and the pair Made a retest of the Key horizontal level Of 1.6159 and we are Already seeing a move Down so we will be expecting A bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#DXY UPDATE Hey trader we are here to update about DXY. DXY is exactly on the way as predicted. Already in good gain. Still this is Bullish. We can see price here upto 106+ soon. Keep in touch we will update further soon.
- Sweep Tuesday's high respect this 1h bearish range and bleed from there