XPTUSD has broken its bottom trendline with a 3 EMA crossing over the 10 EMA to the downside. At the same time we're getting the EMAs crossing over the Stochastic is heading down and crossing over the 50% mark giving three confluences to look for shorts Ill be targeting a 1% move down underneath a support i have drawn out on the 4H chart
In the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East. Looking at the chart, we can see that the price of gold is...
The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
There are too many long candles and sudden changes in trend today. I won't be trading for now, although I'm keeping an eye on SGDJPY. If I spot a trade signal there, then I'll consider trading. However, I'm also staying alert for signals in other currencies, there might be a change later on. Disclaimer: I'm still on a demo account. Once I reach my target amount...
RARI USDT TO $50 Long accumulation phase on WEEKLY timeframe that finally broke out. This recent breakout from a long accumulation phase on the weekly timeframe suggests significant potential upside. Notably, it broke out of a drawn-out weekly descending channel. Generally, the higher the timeframe of the breakout, the larger the potential move. We...
We will continue to follow the 4-hour SAR to the upside until we see a SAR flip to the top, indicating we take profits. We are currently at a 1-hour resistance level. Look for more BUYS with retracements, and the original SAR is the ultimate SL, which would signal a trend reversal. Let me know your thoughts. The Professor
NASDAQ - Bullish above 16,750; potential run towards the downside 16,500 & below. - Range: 16,750 - 16,500.
In the 4-hour period, after a full cycle, it has completed a downward corrective wave, if it performs an upward correction, and then it can complete the corrective wave up to 23 percent of Fibo, which can be expected for the 2nd corrective wave after Confirmation and implementation of the beginning of the 3rd upward wave in the 4-hour period, which can be...
hello traders what do you think about this analysis trading ideas 💡😁💡 (Gold weekly analysis) Follow support and resistance Levels ✔️ (Support levels (1986) (Support levels (1942) Resistance levels (2007) Resistance levels (2020) Resistance levels (2031) (target) 🎯 (2020) (target) 🎯 (2031) (Maybe retest) (1986) follow up with my trading...
Not many if any definitory positions. This week in the market is very important in determining the direction of the mid-term. Current state of the market is ranging and thus trend following systems cannot be used. SDCA in place for the long-term.
May be possible ETHUSD can b fall approx. 40-50 points from here through my analysis
Gold looks promising to back to 2000 from daily and weekly chart. for entry vise, if you catch the entry at around 1890, the risk will be minimal to catch the wave to 2000. if you are looking a entry from where i see the price currently, i would expect a small retracement to around 1925 before another round of up trend to 1955. 1955 holds a key level for Gold...
Do you see Channel and Resistance. It is good place for reverse for my opinion. I will looking structure on H1/M15 or M5 for entry. target is new lower low
From the chart earlier where we were looking at sells we have seen price close below our level. As it was at the start of the New york session, ther was enough volume for price to continue driving so we took sells, and once price pushed 15 pips down we took partials and moved stops to break even.
This renko chart shows an interesting perspective I think. Strong resistance is noted
For Wednesday, 4600.50 can contain session strength (assuming an open below), 4557.50 likely contain initial selling, below which 4493.75 is attainable intraday and able to contain session weakness. Closing below 4493.75 indicates 4446.00 within several days, where the market can bottom out through next week, once tested the targeted 4672.50 formation than...
Hello traders, we want to check the XAUUSD chart. After an upward movement, the price has reached the key level between 1964 and 1967. We expect this level to play the role of a resistance level for us and stop the upward trend of the price. If the price falls, wait. We are expecting the price to drop to around 1935.500. Good luck.