Following on my idea on the daily and weekly timeframes below: EURUSD looks like have completed its pullback before uptrend continuation. EURUSD retested the support (demand) zone and tipple bottom neckline at the bottom of area 1.07 on the 4H timeframe with failing to break below. Possibly a sub uptrend channel is forming, which next target is into the...
GOLD is in a bullish uptrend on the monthly timeframe (sub and main uptrend channels). Gold is heading to new highs above area 2000 and possibly to the upper channel of the sub uptrend at area 2300 as next target, if it succeeds to break and close above the strong resistance (supply zone) at area 2000. If this month, closes at this level a monthly engulfing...
Following up on my previous post below and zooming in thru the daily timeframe: EURUSD is at the resistance area (supply zone) 1.08 and holding on. A break above may be confirmed today after FOMC and Fed rate decision. A break above, will lead to the upper channel of the correction uptrend (ABC) and to the next resistance and supply area at level 1.15 as...
Bitcoin looks bullish after rebounding from the down channel of its uptrend on the monthly timeframe.
EURUSD is possibly forming an uptrend correction phase with possible target to the upper down channel on the weekly timeframe to area 1.18-1.20. Currently EURUSD is below the resistance area at level 1.08 and a break will confirm its next leg up movement.
Oil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60. Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
ETHEREUM is still in its uptrend channel on the weekly timeframe and currently retesting its down channel . If the uptrend lower channel doesn't break and a weekly close above area 1300-1700 area will confirm, an upcoming bullish movement to new all time highs.
EURUSD finished its correction phase and reached the upper downtrend channel and retested the resistance (supply) zone at area 0.9890 -0.90 area with three rejections. Currently a double top is forming and a break below 0.9650 will lead to neckline break and to reach a new low at the lower downtrend channel at area 0.93.
EURUSD looking to have finished its correction phase back to the upper downtrend channel and resistance (supply area) at 0.9890-0.9990. If rejection and no break of the upper channel of the downtrend channel, then it will be confirmed downtrend continuation and into the downtrend channel (new low) and into the next demand and support area at 0.90-0.93.
EURUSD still remains in the long-term bearish on the monthly timeframe with expected target to the lower downtrend channel at area 0.90 at least. On the daily and weekly timeframes, EURUSD reached today the bottom of the downtrend channel and nearly the psychological level at 0.95 area. Possible correction underway (in the short-term) back to retest the...
EURUSD still bearish on all timeframes. EURUSD on the monthly timeframe next target is to the lower downtrend channel and support (demand) zone at 0.90.
Bitcoin is still in its correction phase and nearing the end. Next target on the weekly timeframe is to the lower uptrend channel and the support (demand zone) at $12000, to possibly form a good buy opportunity.
Gold is in its correction phase and a break below $1680 area and near the low of the month will confirm its down move with a break of double top pattern. Potential target is to the lower uptrend channel and support (demand zone) at $1371, which will possibly form a good buy opportunity.
EURUSD is still in the downtrend channel on the daily timeframe. Currently possibly forming a bearish flag with retest of the upper downtrend channel and the previous demand zone (Currently the resistance area) at 1.0150. Rejection of such area and break of the bearish flag lower channel will lead to next fall to new lows and the lower downtrend channel around 0.95.
EurUsd still in its downtrend channel at the daily timeframe, Currently retesting the upper channel with a rejection at current level and retest of the previous support (demand zone) which currently is the resistance area (supply zone) at 1.0130-1.0150. Next fall target to new low and to the downtrend channel at 0.95-0.96.
Just an idea and trade at your own risk. Netflix looking bullish on its weekly timeframe and still in uptrend channel. After testing the lower of the uptrend channel at area 150, uptrend is resuming and possibly to the upper channel of the uptrend.
Just an idea and trade at your own risk. TWTR is still in its uptrend channel and double retested the demand (support) zone and forming a double bottom pattern. Next targets to area 50 and after breaking and closing weekly above the double bottom neckline at area 52, will confirm its bullishness movement to the upper channel of the uptrend at area 85 as long...