Broke the resistance trendline on the daily chart after closing under yesterday. Either a false breakout, or a legit one. Futures markets make me lean towards a legit breakout coming into winter seasonality, as well as the lower injection print this week, but this is my subjective opinion. I would look for next level of $2.80
GBPAUD has been respecting the upward trendline for over a month but now appears poised to break through, potentially triggering a significant sell-off. On the daily timeframe, the price action looks quite bearish. The formation of a consolidation zone just above the trendline suggests the market is preparing for a potential breakout. Consequently, the market...
Hello Traders ! The EURUSD broke the support level (1.10686 - 1.10832) This key level becomes a new resistance level ! So, I expect a bearish move 📉 _____________ TARGET: 1.10160🎯
Hi traders, The price is inside of the rising wedge formation. Currently the price sits close to upslopping support and 200 SMA. It seems it is the right moment to take long position. Probable scenario is shown on the chart. Our target is at upslopping resistance. The invalidation of this thesis is break and close below the upslopping support.
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Demand Zone
Good morning Traders Check out this weeks video MUST watch Will we get to 134-135? That is the question Any questions let me know MB Trader
Load up.....the breakout is imminent! With another looming global explosion in hybrid stronger more lethal Covid cases are on the horizon. The company has a weak cash position 38M, with minimal debt 2.6M. the company is cash flow negative bleeding money <24M>. Historically the company has a dilution factor dating back to 2016 at 9M shares, currently standing at...
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased...
The parallel channel tops will always be difficult to conquer. Children staying abroad and in far away places coming to meet mother and father once is a while is always a sign of a healthy family. Nifty coming to meet the mother and sometimes the father on daily chart is always a healthy sign. The reasons can be any: 1) SEBI change in rules. 2) Conflict between...
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased...
i think we are reaching the bottom of this downtrend, will be looking to take longs from the 59-58 range
Soybean Meal recently confirmed the monthly bullish divergence with Septembers candle close. This is a significant signal that prudent traders should pay close attention to. What this signal implies is that there is a minimum 15% move to the upside from current price ahead for Soybean Meal. The high end target is a 30% upside move. This does not mean this market...
USCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I...
### Current Long-Term BTC Uptrend Analysis Bitcoin (BTC) has been in a long-term uptrend, characterized by higher highs and higher lows since early 2024. This trend is supported by several key technical indicators: 1. **Moving Averages**: The 40-week moving average is sloping upwards, indicating a sustained bullish trend. 2. **Support Levels**: BTC has...
MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year,...
USDJPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY...
You can expect a reaction in the direction of selling from the specified resistance zone GBPUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Order Block Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure Demand Zone Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves