Dear traders! Gold continues its bullish outlook, based on last Friday's previous close, with prices currently hovering around $2,436 USD. Later on Monday, gold traders will focus on speeches by Bostic, Barr, Waller, Jefferson and Mester of the Federal Reserve (Fed), which could provide some insight into the path future monetary policy direction. A cautious...
Hello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Bitcoin (BTCUSD) is on yet another green 1M (monthly) candle and if it closes that way it will be the 8th in the last 9, a natural Bull Cycle rally. This is taking place around the former All Time High (ATH) level for the 3rd month in a row. A similar consolidation (blue circle) took place during each and every past Cycle and every time a very strong rally (green...
Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to...
Conan hello everyone! Now, GBP/USD extends gains for the second straight session, trading around 1.2710 during Asian hours on Monday. A weaker US dollar supports the pair. Sterling may face a challenge as the BoE is expected to cut interest rates by 60 basis points in 2024. With the current uptrend remaining stable and the EMA 34.89 showing no signs of reversal,...
Meta Platforms (META) is consolidating within the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) only 3 weeks after it touched the bottom (Higher Lows trend-line) of the 1-year Channel Up. This is the start of the new Bullish Leg of the pattern, half-way through the accumulation process. Once the 1D RSI breaks above its Lower Highs trend-line, we will...
ETH/USD is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 3,035.12 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 2,926.40 Why we like it: There is a pullback support level. Take...
Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 3,042.40 1st Support: 2,924.22 1st Resistance: 3,217.56 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 may not be...
ADA/USD is currently at a support level which is a pullback support that lines up with the 38.2% Fibonacci support and could potentially rise to our take profit. Entry: 0.4642 Why we like it: There is a pullback support which lines up with the 38.2% Fibonacci retracement. Stop loss: 0.4467 Why we like it: There is an overlap support level which aligns with the...
Hi dear friends, hope you are well and welcome to the new trade setup of FLOKI with US Dollar pair. Previously we caught almost 190% pump of FLOKI as below: Now on a 4-hr time frame, FLOKI has formed a bullish Gartley move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the...
Based on the m15 chart analysis, we can see that the price is rising toward our sell entry at 11.0878, which is an overlap resistance. Our take profit will be at 1.0855, a pullback support level. The stop loss will be placed at 1.0878, above the resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Bitcoin (BTC/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 64,597.02 1st Support: 63,447.10 1st Resistance: 67,218.82 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 may not be suitable for all...
Once #GBPNZD breaks the falling wedge, we expect price to gain momentum and buyers step in. Note positive divergence as well giving us more confidence with this wedge break formation. Target liquidity at 2.1173. www.thetradingmentors.com Chris
1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above. 2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls. 3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$. 4. Fundamentally war and war like activities boost...
#wif/usdt A symmetrical triangle formation has been identified on the 12-hour timeframe💁♂️ If a breakout from the bullish pennant occurs successfully, a significant bullish wave is expected🌊
SHB/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.2414 Why we like it: There is an overlap resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 0.2505 Why we like it: There is a...
Dear Traders, i expect price retest 2400-2410 area , and will continue upward movement to 2470-2500-2550 what you think about my idea? dont forget like&Comment please ! Regards, Alireza!