Investor sentiment became more cautious due to mixed comments from Fed officials about the upcoming monetary tightening roadmap, while also being pressured by the upward trend of the USD. The sparse US economic calendar will keep investors focused on the speech from Fed officials this week, following the US jobs report released last Friday. ActivTrades senior...
CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 113.794 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 114.879 Why we like it: There is a pullback resistance...
GBPUSD has experienced another decline, landing once more in the demand zone, coinciding with a spike to the upside following the release of recent NFP & Unemployment data. With the Dollar showing signs of weakness, we anticipate a solid rally from the support zone, supported by the identified breakout. Our expectation is for a return towards the formed resistance level.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.97973 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.98353 Why we like it: There is a pullback resistance...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.90951 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.91505 Why we like it: There is a pullback resistance...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
Gold prices opened the week with a positive signal, recording a slight increase. However, investor sentiment became more cautious due to mixed comments from Fed officials about the upcoming monetary tightening roadmap, while also being pressured by the upward trend of the USD. The sparse US economic calendar will keep investors focused on the speech from Fed...
GBP/JPY is rising toward the pivot, which acts as pullback resistance, and could potentially reverse from this level to the 1st support. Pivot: 195.453 1st Support: 191.718 1st Resistance: 197.379 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Double top spotted! If horizontal line gets broken, then I will enter a short position. TP 1.702
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURCHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens...
Gold recorded its 2nd consecutive week of decline after a 5-week recuperation streak, however in general, traders are nonetheless constructive approximately the recuperation of gold. (Fed) is definitely expressing its opinion that it's going to not be hard in economic coverage from now till the give up of 2024. Specifically, in a current press conference, Fed...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.97976 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.98340 Why we like it: There is a pullback resistance...
AUD USD TRADE SETUP 4HR TIMEFRAME AUD USD is trading in a support and resistance level, the price is currently at the resistance level. A Double Top Pattern has formed on the resistance level which is a good confirmation for reversal.
CADNZD is showing signs of a potential bullish reversal based on the formation of a Bullish Bat Harmonic Pattern (XABCD) with Point D coinciding with a Potential Reversal Zone (PRZ). This zone is further supported by key factors including a significant support area, a 4-hour trend line, and a bullish divergence on the RSI indicator. Bullish Bat Harmonic Pattern:...
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...