May inflation print on 13 June slowed from April reading, building hype and consensus on FED to hold off another round of rate hike for JUNE FOMC meet. A heavy resistance level just above and price is moving nicely within a descending triangle which suggest another leg up before we see a reversal.
Better liquidity above and bears look weak here. Price making higher highs
EURUSD has been trending nicely to a previous zone and price actions suggest weakness in bulls. This present us a nice potential setup for a short upon retest of previous trendline break
Price fail to break above, lack of liquidity fuels a move down
NZDJPY made a bearish print off the famous 3 tap trend line and presently exhibits bearish behavior, especially with a break of ascending trend line we saw leading prior. A short retest for liquidity (can use fibo on lower timeframe) provides a sweet RR for a bearish move down.
Dear fellow traders, here i present a trade analysis on Gold ( XAUUSD ) trend. Bulls have been in control for awhile now and we are seeing consolidation right now ahead of NFP. Nearest supply zone is at the 2050 handle so its safer to join the bull camp and ride on break of trendline.
Dollar strength continues to rummage through USD denominated pairs. Bitcoin forming a continuation H&S pattern after futile attempt to break higher.
Double Bottom formed. Previous short idea stopped out. Price likely heading back up for momentum before resuming shorts
Hello Mates, 4/9/2022 for Bitcoin, here we have a structure break and bitcoin seem prime to head lower. 2 support zones (higher timeframe) in sight with a swing trade in favor here. Low risk high return