Hi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my...
FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy. On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening...
ETC's Journey Toward Breaking the Descending Channel: Prolonged Descending Channel: Since October, ETC has been confined within a descending channel, reflecting a prolonged period of downward movement. Building Bullish Momentum: The current market dynamics reveal a notable compression occurring under the upper boundary of the descending channel, suggesting a...
2 retests for Admiral before a triangle breakout. Downtrend started to consolidate from May 22 onwards and now we see it break resistance of 2356. WARNING: This is not a recommendation to trade. Do your own research and make your own trading decisions.
OANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet. The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the...
OANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown: On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is...
FX:GBPUSD after breaking the resistance of the ascending channel leads to a retest of the line in the format of a false breakout, indicating that the market is ready to continue its growth. The TVC:DXY forms a false breakout of resistance and on the peculiar fundamental background opens Friday with a slight fall, which appropriately affects the...
OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are...
Is GBPUSD exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.2300 followed by 1.2100 What you guys...
Bitcoin is in the channel as well as the ascending triangle, which could very well push the price up. If the price can break the triangle, the price will easily reach 40k 🟡Summery: The price is in the ascending channel. The price is in an ascending triangle. 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you,...
NZDUSD shows us bullish dynamics. At the moment a false break of resistance is being formed, against which a correction may be formed, as the dollar may strengthen a little bit Prerequisites for further growth: 1) Bullish trend 2) The dollar will weaken further as the US inflation is weakening. 3) NZD price is rising against the dollar, the currency pair is not...
NZDCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea
OANDA:XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening TVC:DXY ahead of the news. Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator,...
ROUTEUSD is about to break out of a long period of consolidation within this channel. Higher lows forming, only a matter of time.
The SPX has reached a critical resistance area. As observed on the daily chart above, the index hit the 4,541-resistance line (black line), which was a previous top level from September. This resistance line is quite close to another key point, the 4,567, an open gap since August (yellow line), making this whole area a zone of resistance. Although the SPX showed...
Is RNDRUSDT exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 2.8 followed by 2.4. What you guys think of it?
GBPCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea