After doing top down analyst my bias is leaning towards GJ heading to the downside. I see multiple touches on the daily timeframe that have rejected the monthly fair value gap. I hope you all have profitable trading week. EP-199.631 SL-199.831
XRP/USD has reacted off the support level which is a pullback support that lines up with the 161.8% Fibonacci extension and could potentially rise from this level to our take profit. Entry: 0.4875 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. Stop loss: 0.4755 Why we like it: There is a pullback support...
Dear traders! That's the end of another trading week! Let's recap the market from last week and discuss our new plan. In general, gold continuously received important data last week, causing prices to continuously reverse. Notably, during the weekend trading day, the market suffered two shocks that caused prices to continuously "plunge". In just one day, gold...
Hello traders, hope you doing great. for upcoming week, I think we'll probably see an upward trend to the specified level. so with a proper trigger, we can open a long position. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was helpful to you, please like and share with your friends. Thanks.
EURNZD shows several signs of a potential uptrend after testing a key intraday support level. It had been trading within a downward channel before breaking through a resistance line and a horizontal level that has now turned into support. The price is currently retesting this broken structure, indicating a likely upward movement. The target levels to watch for...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range ✅ no daily cycle Tuesday DAY...
I'm expecting a continuation of the downward movement. I'm aiming for the recent swing low for around 2%. After that we might see a bounce. Stay safe and cautious. Do not risk more than 3% of your portfolio for this trade.
#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious...
We are back with Ripple Coin, this time in the daily timeframe. We are looking for a similar pattern to form after each liquidity pressure point. We see that the price has been seeing some kind of sideways movement (with slight downward pressure). So now we are left with two scenarios (mainly looking for a bullish one). If all plays out nicely, we should see...
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell to the support line, some time traded near, and later made a strong impulse up to the 66500 level, which coincided with the support area and soon broke this level. After this, the price made little movement down, after which repeated impulse up to the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where firstly it broke support level, which coincided with support area. Then, in a short time, price rose higher than $1.0670 level, breaking it again and then made correction. After this, EUR continued to move up...
Facts speak out. 1D TF Renko reveals the truth with 111 analysis. The most current yellow Renko block reads out uptrend. Here we also have another HIDDEN BULLISH DIVERGENCE much heavier than ever. 111 MA; below means bearish and above means BULLISH. Say good bye to the LAZY BEAR. GRIZZLY will return by 2026. First 2 yellow squares shows ATH but third met its...
Sometimes markets can turn on New/Full Moons plus or minus two trading days. There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite. Daily RSI and MACD had bearish divergences. The SPX moved marginally above the rising trendline of a bearish wedge. A multi- month...
Technical analysis of gold Daily resistance 2307-40, support below 2277 Four-hour resistance 2307-2340, support below 2277 Gold operation suggestions: Last Friday, the overall technical side of gold prices fell under pressure at the 2387 mark. The European session broke through the two integer mark supports of 2350 and 2340. Finally, under the negative influence...
Renko double top Smart money red dotted contraction means trend must be brought back up Whales red footprint trendline means smart money will use it as their own plot guidance My custom indicator is registered as ATR
A divergence is found at 30min chart. Price is making lower low, while RSI is making higher low. Overall AUDCHF is on uptrend as price is above EMA 100 and EMA 200. Support Level is at 0.5890 - 0.5850 range. Long Idea (Risk 1 : Reward 2.92) TP: 0.6120 SL: 0.5820
Bitcoin has reached the lower bondaries of the uptrend channel and it's rejecting it. If no negative news is released in the comming days, it is ready to go at least to the upper boundaries of the channel. We might see as a result a new all time high. On the other hand, if the trendline is broken, we might see a retracement to 64,500 price level which is the FVG...
We have seen what people might call bullish trend in BTCUSD in recent days, but that is daily chart pull back to my understanding. There is CHOCH already indicating possible market reversal, We have seen sweeps of high and i will be monitoring sell setup in LTF this week. trade smart