XAUUSD Trade breakdown On the 15 minute timeframe, price broke above the 15 minute bearish Orderblock that created the low during asian session. Once we confirmed it with a body candle close, i expected price action to retrace to our 5 minute orderblock to retest and reject off it. This was when i enter for risky buys to target higher prices. Price ran...
The price did not reach our entry point and moved towards our target. Now we can wait for it to reach our demand area and wait for the price reaction from there.
At BINANCE:RUNEUSDT , we are initially examining the monthly chart because we believe it reveals something very significant and promising. We are potentially in a major Wave 3, which could realistically target at least $34.70. This is a considerably high target, yet feasible for Rune given its performance relative to other cryptocurrencies—it hasn't risen as...
Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback. Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome...
FX:EURUSD Processing: +3.6RR Risk: 1% Updated a large amount of liquidation on the purchase There is a structure breakdown at 1h, I expect further upside to the nearest FVG resistance zone at 1h. Waiting for working off
As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
The pound, like the euro, is also in a long context since yesterday. A clear order flow in the long direction is visible. The target in the form of the previous day's high (PDH) has already been reached in the news-driven movement. I've marked the second target for the day, which is the nearest high-liquidity zone.
Hello,Friends! USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 85.74 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.403 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Friends! CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
Hello,Friends! AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 99.363 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
"Precious metals" regained what they lost during the US session on Monday During the Asian session on April 16, gold prices recovered and are currently trading around $2,386.80. On April 15, world gold prices adjusted slightly downward after US retail sales were higher than market expectations, however the upward momentum of XAU/USD returned early this morning...
Please, check our technical outlook for SILVER. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.764. The above observations make me that the market will inevitably achieve 27.302 level. P.S Please, note that an oversold/overbought condition can...
Here is our detailed technical review for EURCAD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.464. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon. P.S The term oversold refers to a...
Take a look at our analysis for EURGBP. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.8546. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541...
Buckle Up for a Potential Massive Rally! GALA is gearing up for what could be an exhilarating rally ahead! After reclaiming the lost support, the stage is set for a significant move to the upside. All it requires now is a bit of patience to reap potentially massive profits with your spot bag! We've identified not just one, but two promising targets on the...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 17 April 2024 Trade Idea 1 BUY LIMIT Order: $2380.72 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take Profit 2: $2407.99 Trade Idea 2 BUY LIMIT Order: $2376.55 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take...
✅NZD_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 91.36 LONG🚀 ✅Like and subscribe to never miss a new idea!✅