Gold had a very bullish end of this week. The market closed, attempting to violate a significant daily resistance cluster. Your strong bullish signal next week, will be a bullish breakout of 2361 level and a daily candle close above that. It will initiate a strong bullish continuation of the market at least to 2391 level. ❤️Please, support my work with...
EURUSD is currently stuck between 2 important daily structures. Depending on the market movement next week, I see 2 potential scenarios. Bullish If the market breaks and closes above a resistance line of a huge falling wedge pattern on a daily, a bullish continuation will be anticipated at least to 1.083 level then. Bearish If the price violates 1.0724...
Hey traders, If you are wondering how to start Forex trading, or you just started to trade, I suggest a 12 weeks intensive learning plan. Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy. ✔️Week 1 - Practice market trend...
Dow Jones keep breaking key levels. This week we saw a breakout of a one more significant resistance. Bulls clearly show their power. I will expect a further bullish continuation. Next resistance - 39850 ❤️Please, support my work with like, thank you!❤️
GBPCAD formed an inverted cup & handle formation on a daily time frame after a test of a key horizontal daily resistance. To sell the market with a confirmation, I will look for a bearish breakout of its neckline. Daily candle close below 1.7087 will confirm a violation, a bearish continuation will be anticipated at least to 1.7015 support then. ❤️Please,...
As I predicted earlier, US100 keeps growing. Analyzing the index today, I spotted a strong intraday bullish confirmation. After a strong bullish impulse, the market started to correct within a symmetrical triangle formation. A breakout of the resistance of the triangle signifies that the correction is over, and that the market returns to a bullish trend. I...
NZDCAD may retrace from a key daily horizontal resistance: The price formed a rising wedge pattern on an hourly time frame and violated its support line after the text of the underlined structure. I expect a pullback to 0.8212 ❤️Please, support my work with like, thank you!❤️
NZDCHF broke and closed above a key daily horizontal structure resistance. The broken structure turned into a demand zone. I will expect a bullish continuation on the pair. Next resistance - 0.5485 ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 80.3 - 81.9 area Resistance 2: 83.7 - 85.6 area Resistance 3: 86.8 - 87.6 area Support 1: 76.8 - 77.8 area Support 2: 75.5 - 76.3 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Today's US fundamentals are very bearish for Dollar Index. After a test of a key daily horizontal resistance, the price formed a strong bearish imbalance and violated a support line of a rising wedge pattern on a 4H time frame. I think that the fall may continue. Next support - 104.9 ❤️Please, support my work with like, thank you!❤️
EURJPY may retrace from a key daily horizontal resistance. The market looks quite overbought after quite an extended bullish movement. A cup & handle formation on an hourly time frame indicates a local strength of the sellers. I expect a retracement at least to 166.76 support. ❤️Please, support my work with like, thank you!❤️
Multiple time frame analysis for Gold. Forecast, technical outlook. Trading plan. Key levels. Price action. ❤️Please, support my work with like, thank you!❤️
USDCHF is currently testing a recently broken horizontal structure support, that presumably turned into resistance after a breakout. As a bearish confirmation, I see a horizontal range on an hourly time frame and a bearish violation of its support. I think that the price may drop soon to 0.9063 ❤️Please, support my work with like, thank you!❤️
On the today's live stream, we discussed GBPUSD. The pair is currently testing a key horizontal demand zone on a daily. Our to signal to buy the market with a confirmation, will be a bullish breakout of a horizontal neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.2502 will confirm the violation. A bullish continuation...
CADCHF pair broke and closed below a solid intraday horizontal support. After a violation, the market retested the broken structure and started to consolidate. A bearish breakout of a support line of a consolidation range gives us a strong bearish confirmation. It increases the probabilities that the fall will continue. Goals: 0.6587 / 0.6567 ❤️Please,...
Does technical analysis really work in Gold trading? In this article, we will discuss whether the traditional, classic methods of technical analysis: support and resistance, breakouts, patterns can be reliable in this specific market. We will explore the dynamics of Gold prices so far this year and discuss the most efficient way to trade Gold. So if you...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 EURUSD is trading in a bearish trend on a daily. The price is falling steadily within a falling wedge pattern. With a recent correctional movement, the price reached the resistance of the range. A trend-following movement may initiate...
Here is my latest structure analysis and important key levels to watch on Dollar Index. Support 1: 103.88 - 104.1 area Support 2: 102.93 - 103.25 area Resistance 1: 105.41 - 105.58 area Resistance 2: 106.37 - 106.52 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️