- 1 hour support hit -Were currently oversold and have a FVG at 42200 to revist -Previous high at 42260 was broken 4 hours ago and created a new high, so im expecting a potential lower high to be created (assuming we just created or new lower low)
For today, the technical outlook for XAU/USD (gold vs. USD) indicates a possible upward movement, with gold continuing its bullish trend due to various macroeconomic factors. Analysts suggest that if gold remains above key support levels, there could be further gains. Some expect it to test resistance around $2685, while if prices fall below $2668, a short-term...
Sell Targets @ 0.62500 - Waiting for Volume Confirmation and Structure Breaks - TP @ 0.633
We're buying again! - Still creating HHs and HLs - QP 192.5 turned into support 1st Target 195 2nd Target 196.25 Waiting for a new HH and retest would be the safest entry.
EURUSD Trading Journal Price delivered huge range to the clean equal lows and the daily BISI I felt was a aggressive low target considering I think this pair is still bullish. Price finish in a discount and is likely for Price to seek the buys stops noted and potentially the equilibrium and wick into the 15M FVG.
Here we are focusing on 4h time frame for EURUSD. As we know that market local trend was bearish, but here we have fresh support zone so we are look for buy and after taking confirmation we execute trade. Let's analyze more deeply into these levels and potential outcomes. Use proper risk to reward ratio.
Today i'm looking for a sell trade from supply level. so i'm using breakout and rejection concept in this setup. and the time frame we use 2H. STOPLOSS must be put for your trade. Use proper risk to reward ratio.
TIL that the M2 money supply index is actually a pretty reliable indicator for predicting Bitcoin's trend! By offsetting the index by 70-75 days, it's crazy how well it correlates with BTC's price. According to the analysis, it looks like we're in for a 13-day consolidation period starting from October 2nd, followed by another rally. And get this - this rally is...
After six attempts to break out the long term bearish trend line from 2007/2011, I see an actual opportunity for going long the next couple of years. The fundamentals of the company are promising and the future cycle of the commodities is the trigger.
I have two possible playouts here, that I am looking and preparing for. Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure. Option B - We continue the pattern that has...
I have two possible playouts here, that I am looking and preparing for. Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure. Option B - We continue the pattern that has...
Today marks the start of the dock worker strike, which isn't great news for the stock market, and as a result, we're seeing Bitcoin drop significantly. I don't think the strike will last too long maybe around two weeks or so but we'll have to wait and see. It's important to be cautious in the stock market during this period. Currently, Bitcoin is finding support...
This signal will be valid if H1 capable to pass Simple Moving Average 50 and 100
The Hamster Kombat($HMSTR) moved as I expected in the previous post . Currently, the Hamster Kombat(HMSTR) is in the Potential Reversal Zone(PRZ) and near the lower line of the Falling Wedge pattern . According to the Elliott wave theory , Hamster Kombat(HMSTR) seems to have successfully completed the Zigzag Correction(ABC/5-3-5) . If the upper line...
Let's break down the XAU/USD (Gold) charts from a top-down perspective, starting with the daily, 4-hour, 2-hour, and 1-hour views. This will give us a full picture of the market structure and potential trade setups. Starting with the daily chart, we can see that Gold is sitting around the $2,660 level, which is a key resistance zone. It recently rejected from...
Here's a trade I found on UJ that I like, All timeframes in sync, price switched structure on a lower timeframe. Expecting a push to the downside.
It Might Be a Bit Early, But This Is the Retrace I Was Waiting For! ⏳ It needs to hold this level. If it fails, I’ll just wait for a deviation or below $0.00082 to enter. With CRYPTOCAP:BTC at resistance, caution is key, but this is still part of the trading plan.
After canceling the event till the end of the year, the catalyst was not looking good. It is going to be bearish for a while, with two potential spots for the long term: the bottom box in the 70 and then the fibs in 80.