❤️Forex Besties❤️ INFORMATION Gold price attracts some buyers amid sliding US bond yields and subdued USD price action. Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD. Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal. 🔥Sell Gold 2013 - 2017 SL @2022 ✅TP 1 @ 2007 ✅TP 2 @ 1985 ✅TP...
The Nifty traded in a narrow range throughout the day and formed Doji candle on the daily chart. Which is indicating indecisiveness amongst the participants. Candle is closed above 9 days Simple Moving Average Line. We may see resistance at 22115 level and support at 21748 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to...
Sunworks suffered a lot already, and the stock almost in the graveyard. I am following it a while, was a nice short on the way down. Finally posted a tiny bit more positive earnings compared to expectation. Meanwhile a falling wedge formation created. Also moving in a big downward channel. There are two scenarios for counting the waves, one scenario suggests,...
Nifty opened with negative note but bears were not able to sustain in the market. The bulls attempted to stretch their arms for the session and made high of the day that is 21766. Index has form green body candle with long lower shadow and upper shadow which indicates bulls are buying from lower end. Another candle is closed below on 9 days Simple Moving...
Indian shares settled lower in today’s session and formed bearish candle with upper and lower shadow. Which indicates bears were aggressive and took Nifty to low of the day that is 21574. Today's Candle is closed below 9 days Simple Moving Average line. we may see bear run till 21515 with resistance of 21747 level. ⚠️ Important: Always maintain your Risk &...
Indian indices open with negative note and made days low that is 21737.55 but after wards bull’s takeover the market and made days high that is 21951.40. Index has form green body candle with upper and lower shadow which indicates Buyers were buying from lower end because lower shadow is long as compare to upper shadow. MACD has given Crossover which shows...
SOL.X in upward trend: 10-day moving average broke above 50-day moving average on February 03, 2024 The 10-day moving average for SOL.X crossed bullishly above the 50-day moving average on February 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 14 past instances when the 10-day crossed above the 50-day,...
Kindly check this Educational video on Moving Average and Exponential Moving Average
Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200 Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap). If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below) This price action is quite fascinating and...
Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it! The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially...
This is a unique situation. After 770 days, the price has reached above the average of the last 400 days. First, we will attack the $1.2 resistance. Then we reach the resistance of 3 and 4 dollars and that is the end of the upward movement
This Long on Bitcoin is very much LONG TERM due to the fact that the halving and so many of our indicators and others are pointing towards it. However, this Long in our opinion does have a temporary swing to it. We may be suspecting a temporary increase to ~48-50k in the upcoming 2 - 3 weeks BEFORE a Correction back to the 44.5-45k mark by February. After this...
We're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair. In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation...
Long position After breaking the 43334 resistance Entry: 436000 Stop Loss: 42890 Risk Free: 44312 Save profit 1:45100 Save profit 2: 45750 Save profit 3: 46440 Save profit 4: 47145 Profit limit: 48000 ----------------------------------------------------------------- Short position After breaking the 4790 support Entry: 40,500 Stop Loss: 41330 Risk Free:...
We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113. With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see...
TRX has caught our attention with a similar pattern to happen soon. First things first, the price of TRX has had an amazing bullish trend, moving and rebounding from it from time to time, but what is more interesting is how it is testing that zone. A similar pattern might happen soon, so keep your eyes open for a potential downward movement towards that trend line!
As you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay...
XAUUSD (H1) has reacted with a reduced SMA50 Sell at current price: 1981.33 Stop loss above the SMA50 resistance line (1984.79) Profit taking near newly created bottom (1974.62) Capital management 2%