Howdy friends, I can't seem to figure out why I would want to post something bearish right now. It doesn't matter if you bought coins a week ago, or yesterday, you'd be in profits! When this market is high trending its beautiful. But two things I can't seem to get over: One, the fact that this totally looks like a wedge or channel depending on where you place...
On the 1 hour, we have seen how the market has danced back and forth in the past few days. In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside. Following the bullish shift, we witnessed the market...
Still possible that we can see 1 more leg down (Wave IV), offering us a 710 PIPS buying opportunity towards $153.300📈 Upon completion of this final impulse move up, we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
Market is in its final stages of this upside move, before all hell breaks loose. Keep an eye out...
Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with...
It's crucial to understand where we are in the market cycles. Gold experienced a notable surge a month ago, resulting in a price spike. Currently, the XAUUSD price is following an ascending channel, presenting a favorable buying opportunity. This trend resembles the movements we observed in gold in March and May, as illustrated in the image.
DXY D1 We've successfully breached the lower boundary of the previously anticipated support zone, as forecasted last week. There's potential for a retracement to retest the indicated price level before a further decline, aligning with the bearish sentiment on the USD, really looking to see some more dollar weakness unfold this week.
The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30): The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
+ #bistendeks is now testing the vertical strong resistance region. + stoch is exhausted. + Due to macro, this correction must not be over yet. I may be wrong , we' ll see incoming days. NOT FINANCIAL ADVICE.
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0668 - 1.0695 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Hello traders! Scenario number 1: The pair is in the canal scheme and in the accumulation area. If the price does not break the level (1976.00), then the pair will continue the channel scheme with the target (1924.00). Scenario number 2: If the price breaks the level (1976.00), then the pair will continue by retesting the levels: (1908.00) and (1885.00). Be...
#USDCHF UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the USDCHF. USDCHF will go high after retesting the mentioned zones, Reason behind this is that, USDCHF was in downtrend from so long, and ahs done CHOCH pattern, also we had an triangular pattern, So looking...
Today's focus: AUDUSD Pattern – Range /Distribution? Support – .6287 Resistance – .6520 Hi, and thanks for checking out today's update. Today, we are looking at the AUDUSD on the daily chart. Today, we have run over the AUDUSD as price continues to test resistance after Friday's fantastic rally after US employment data sunk the USD. Technically price looks...
This is my Intraday analysis on EURUSD for 6 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Bullish Swing Bullish INT 2. As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows. After a BOS we expect a pullback, but...
After consolidating for some time, price eventually broke structure to the upside where it preceded to retrace halfway in(forming the second point of our much needed liquidity) before breaking structure again with momentum. With this price has established the necessary requirements for us to consider a buying opportunity to catch the expansion upwards since the...
– Previous Weekly candle closed small Bearish at 1992.500 forming Weekly Resistance around 2006.200, Friday Daily candle closed small Bullish forming a Rejection wick to the upside. – Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200. – Sells on close...
USDCAD , when price coming to our zone we can buy with our risk management, GOOD LUCK.