Ethereum bounced off the resistance level. Asset bounced off the descending trendline. Bearish movement to support level at 1920 is possible.
In this video, I did a full breakdown of eurusd, showing the important levels of structure in the market, and how I intend to trade today. I also talked about what I will expect to see before I take a trade and what I'll see that will make me not to take a trade. If you like this kind of video, Please follow me and give me a boost.
First position is a deviation of previous weekly high which I consider a key pivot. Confluence is a trend line break. Risk is defined. See how it goes.
USD/CAD is forming a Head and Shoulders reversal pattern, potentially signaling the end of this bull channel. The price action has begun to stall and oscillate around the 1.37000 level and is now falling below the 200EMA. We are now faced with a reversal signal in a bull channel. How do we trade this? The probability of profit is greater longing in a bull...
TRX continues to march into its current bull channel, pressing on for higher prices. The price just touched the channel resistance and is pulling back, but to what price? We have the previous high in the channel at $0.095 then the 30EMA and bull channel support around $0.09. How do we trade this? We're in a bull channel, which means our probability of profit...
AMEX:SPY November 21, 2023 15 Minutes. As expected once 452 was crossed we had a had over till 455. Aggressive buy came above 451.4 as the previous HH was 451.37. In 15 minutes the first bar broke the trend line drawn and closed near the top of the bar. Since it was a long bar we had to wait for a retracement, Which occurred in the next 3 bars as can be...
Notes: BTC Nov 20, 2023 Monthly: Uptrend since Dec 22 Weekly: Uptrend since Dec 22 Daily MA: 50/200 MA golden cross Feb 6 and Oct 29, 2023 Daily RSI: Overbought Daily RSI: Bearish divergence Oct 25 to Nov 10, 2023 Daily MACD: Bearish since Nov 11, 2023 4H RSI: Not overbought yet Resistance at 38k Psychological level 40k NDX: Up DJI: Up SPX: Up DXY: Down
This is a trendline resistance area and I think Eur/Usd will fall.. Tp1 is 1.08000 Tp2 is 1.07000
Ape , In number 1297, it broke its downward level and is currently in an upward trend, and in fact, purchase orders have already been accumulated, wait for its amazing rise....
Gold fell directly below 1970 during the European trading session, with its lowest position touching around 1965. As I said before, as long as gold remains above 1970, gold will likely organize a continued upward attack again. However, it is obvious that gold fell below the 1970 position and the rebound momentum has weakened, so we can determine that gold will...
ETH is trading an important level of resistance, and in confluence to an hourly trend line I think ETH might trade to 1902-1905.
The ideal situation here is that BTCUSD stays in the triangle between the dashed and solid lines, and consolidate a bit for a run at the big diagonal trend line above. After that who knows, but there is some strong risk asset momentum at the moment. Still might not hurt to take a little fraction off the table at the big resistance near 38.5k not financial advice
Last week, we initiated a long-term short position above 1990, and this week, we have started reaping profits. As emphasized today, the upward trend is not yet concluded. For short-term trading, consider going long after identifying a valid support level. After testing support at 1965, the market has resumed its upward trajectory, resulting in another profitable...
Hello friends In the pound, Canadian dollar currency pair, we see a complete 5-wave pattern Wave 1 is in the form of an initial triangle with an overlap Wave 3 is extended and wave 5 is shortened Assuming the ABC zigzag correction, wave A and wave B have been completed According to Elliott's rules, in zigzags, wave B corrects between 61.8 and 78.6% of Fibonacci...
BTC needs to close above the $36,800 level for a 4-hour candle to signal a potential move. If it manages to close above $36,800, the target will be $38,500. However, if it fails to reclaim $36,800, the movement will likely start from the current level ($36,400), initially targeting the $34,200 zone and then potentially dropping to $33,400. In the previous...
Today, gold is focused on support around 1973, indicating that the short-term upward trend is not yet concluded. The trading range for gold today is within 1973-1985. Trade Signal: XAUUSD Buy @ 1973-1978 SL: 1969 TP: 1983-1988 Numerous free signals are shared daily. By following my trading strategy, you stand to gain substantial profits!
Bitcoin bounced off the ascending trendline. Asset broke trough the descending trendline. Bullish movement to resistance level at 37950 is expected to happen.
The instrument has formed a level with three approaches after a strong dump, I am considering the situation for a short break after the formation of consolidation near the 8718 mark.