Reasons I'm bullish include: * Strong rejection candle on the weekly timeframe * Bullish breakout from descending channel on daily timeframe Will we see some follow through momentum?
EUR/USD has gapped higher this morning following the results of the French parliamentary elections. Traders reacted positively to the news that Marine Le Pen’s far-right Rassemblement National (RN), despite winning the first round with 33.2% of the vote, is unlikely to secure an outright majority in the parliament. This outcome alleviated fears of political...
The USD/CHF currency pair currently exhibits a Bearish Butterfly Harmonic Pattern. This pattern is significant as it is forming at a key resistance area, indicating a potential reversal in price action. The pattern's completion point, identified as Point D, aligns with a 61.8% Fibonacci retracement level, further reinforcing the likelihood of a bearish movement. ...
Falling wedge formation on the #MATIC daily chart. In case of a breakout, the targets are: $0.6977 $0.8109 $0.9024 $0.9939 $1.0562 $1.1241 $1.2900
1h- long context, first target are equal highs formed on friday (building liquidity for new week). After full filling FVG bellow road is opened for new targets
Hello all, here is a follow up on Nasdaq according to my morning analysis. Did you get to see it before the trade? Were you able to use it to get a view of what to do today?
Technical Analysis - All time resistance at Rs.305 has been broken with high volumes. Vstop is also positive both in weekly as well as monthly charts. Fundamental Analysis (FY 23-24) - Revenue up by 45% (YoY) PAT up by 42% (YoY) PAT Margin is 12.6% RoE 121% RoCE 81.6% Capex completed recently in April 2024. New plant which doubles the capacity of production of...
Price has given a breakout as first higher high is printed after bullish RSI divergence appeared on hourly time frame. If this freshly printed higher high is smashed, we can expect a good move towards upside. Targets are mentioned on the chart.
Current Price: Ethereum trading at $3,481 with a 1.46% intraday gain. Morning Star Pattern: Formed at the $3,300 level, indicating a bullish reversal. Bullish Candles: Two bullish engulfing candles formed within 48 hours, up by almost 4%. Early Reversal: Occurred before reaching the long-term support trendline. Monthly Chart Pattern: Morning star pattern at the...
If GOLD/USD don't create any problem then it will take breakout
In this part of the chart, it can be said that you can buy in the short term and you should sell in the long term After seeing the high price in Bitcoin, we will have a good dump
previous (trading) cleared out of the way nd market did it's job. Are we going to have a good trading month? Follow me and let's find out together.
While gold and the US dollar typically have an inverse relationship, there are scenarios where both can rise simultaneously. Here are some reasons why this might happen: 1. Global Economic Uncertainty Safe Haven Demand: In times of significant global economic uncertainty or geopolitical tensions, both gold and the US dollar can be seen as safe-haven assets....
Current Price: Bitcoin trading at $62,741 with an intraday higher price rejection candle. Volume Surge: A 60% surge in trading volume within 24 hours supports price reversal. Price Rejection: Third successful bounce from the crucial $60,000 demand zone. End of Correction: The price jump signals the end of the correction phase. A potential Triple White Soldier...
My previous idea highlighted the possibility of $LMEOW reaching $5M market cap before reversing. This was due to similarities in the $LMEOW chart with that of CRYPTOCAP:PEPE during Nov 2023 to Feb 2024. This update cleans up the comparison. It is now or never, for the fractal idea to be alive, in the coming week or two, $LMEOW should violently break through the...
Hi traders, we have a sell opportunity that will present itself at a later stage but for now we will see this deep pull back, Im hoping right into the imbalanced area. I personally prefer trading with the trend most the time, but if there are no opportunities, I would consider this with a good RR
💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 📈 Observing Recent...
Currently gold is moving on a short term buy while heading into a supply zone after which it will continue with the overall sell trend