Analysis GBPUSD 4HR Bullish Flag: This is a consolidation phase often seen in uptrends. It typically signals a continuation of the bullish trend. Liquidity Levels: The levels at 1.27375 and 1.28111 seem to represent potential targets where price may react or reverse. Projections: The blue zig-zag lines depict the anticipated path of price action within the flag...
The 1HR chart indicates that the price of XAU/USD (Gold Spot) may move higher to the 2666.15 level, likely to target liquidity at that point. Here's the reasoning: 1. Ascending Trendline Support : The chart shows a series of higher lows, indicating that buyers are stepping in at progressively higher levels, which supports bullish momentum. 2. Liquidity Zone...
**Review on Bitcoin Price Dowtrend Targeting $60,508 to Take Liquidity** The recent analysis points to a potential downtrend in Bitcoin's price, targeting the level of $60,508. This target is associated with the notion of "taking liquidity," suggesting that the market may move towards this level to capture stop losses or trigger limit orders. The concept of...
The XAU/USD (gold vs. US dollar) pair is currently showing signs that could suggest the formation of a double top pattern around the price level of 2673. A double top is a bearish reversal pattern that occurs after a sustained uptrend, indicating a potential shift in sentiment from bullish to bearish. **Key Points for Double Top Formation at 2673:** 1....