ALGO May Rise After Two Weeks of Accumulation Since August 27, 2024, ALGO has been moving down within a descending pattern. The recent breakout above this pattern suggests a potential bullish movement, which could drive ALGO back to its previous highs, as illustrated in the chart. A minor correction is anticipated before the price resumes its upward...
Successful trading is knowing what to do and doing what you know. The knowing part is very simple but the doing part is not easy that is why most people struggle in trading. This afternoon, during the New York session, my focus is on GBP/USD. We are buying based on the H4 timeframe, where the wave structure remains bullish since the price hasn’t closed below...
Please, check our technical outlook for GBPCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.782. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.779 level soon. P.S Overbought describes a period of...
It looks like we might have put in a bottom and about to start a move to the upside here. It’s likely to be short lived but the fact that we have reclaimed the POC (red line) suggests a counter trend rally. Also the fundamentals with increased revenues suggest an attractive risk to reward for a long trade. Do your own research, not financial advice.
Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 142.209. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.787 level. P.S Please, note that an...
Hello, Friends! It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,385.656 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! Previous week’s green candle means that for us the GBP/AUD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.949. ✅LIKE AND COMMENT MY IDEAS✅
Hello, Friends! GBP/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Pair : USDCAD ( U.S Dollar / Canadian Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Consolidation Phase in Short Time Frame Symmetrical Triangle
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Demand Zone Fibonacci Level - 38.20% Consolidation Phase
2 years have passed since the detailed analysis of the bottom of Bitcoin. This is my last analysis of Bitcoin until the price ceiling is reached. In these two years, I tried to make a profit by including my analysis point of view. I personally do not expect Bitcoin to fall and expect I have a one-year bullish move from Bitcoin. The hold is much harder than I...
let's see if I put correctly Eliot's waves / the top should be at 200k and the the bottom of the next bear market 2026-2027 might be between 60-70k
Pair : DXY INDEX Description : Completed " 12345 " Impulsive Waves Break of Structure CHoCH RSI - Divergence Consolidation Phase
Hello Traders, I have shared my analysis for Banknifty and have explained the upmove in the same. Hope this helps.
Market Analysis: The current market structure for Bitcoin (BTC) is exhibiting bearish tendencies. The price is approaching a significant high level, and there are potential selling pressures near the Order Block and Point of Interest (POI). Additionally, the Fibonacci Golden Zone is a critical area to watch. Trade Recommendation: If the price breaks below...
monthly supply and demand zones foe EURUSD PUBLISHED MONTHLY PRICES
Jiofin is going to upmove for the next level it is just started the wave 5th of the larger degree target ==>> 420 SL ==>> c This chart is only for educational purpose