– Previous Monthly candle closed strong Bullish at 1969.400 breaking above the most recent Monthly Resistance formed in February 2023, forming new Monthly Support at 1826.700, Weekly candle closed weak Bearish as price has been ranging within the Daily timeframe. – Buys on close above 1971.900 targeting 4h previous Support at 1975.100, Leaving Runners to the Daily...
After the last short, silver pushed higher to make one more high with lower levels of positive momentum- Triple bearish divergence. It has now broken down form the rising channel. Stop loss should be above the high but to make the first trade equitable it needs to be there
Summary: - Currently in a range after yesterdays strong bullish push - Waiting for further confirmations to see if price would go for a retracement or continue further bullish
Summary: - Gold is bullish on HTFs - Respecting bullish market structure - Only looking for buys opportunities
– Previous Daily candle closed Bearish at 1964.500 forming new Daily Resistance at 1974.100 as overall price has being consolidating on the Hourly timeframe. – Buys on close above 1969.500 targeting Daily Resistance at 1974.500, Leaving Runners to the 1h Resistance at 1978.600. – Sells on close below 1960.900 targeting recent Daily Support at 1956.400, Leaving...
Summary: - HTF are bullish, looking for buys - IF we fail to continue bullish i will be looking for scalp sells down to 161.800
Summary: - HTFs are currently bearish but the market structure is bullish - Looking for price to form support to continue bullish OR looking for scalp sells if we keep dropping lower
The crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC gives a fakeout during FOMC and trapped many longs. After FOMC, we saw a sharp dump and the price hit the $26.6k level. So what's the next possible scenario from here? Let's discuss this. According to the chart. BTC breaks down the...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC breaks down the rising wedge in 1hr time frame. Also, breaks below the 50MA. High chance that we see a pullback up to $25k-$25.5k level before the FOMC meeting yesterday. Invalidation:- Breaks above $28.5k will invalidate this bearish...
SPY is at a critical point of breakout or retesting a bottom. If we break 405, we could reach 418, and after 420 until 430 max. if we break down we are going to retest the 350.
USD/CAD create nice strong impulse to the upside but now is time for correction and if the price create candle formation from Fibonacci na 4th trendline touch I will buy.
BINANCE:SUSHIUSDT In the 1 Hr TF, we see the bearish Trend starting. The bearish engulfing candle shows on charts that is good sign for down side movement. Or break the previous H.L more confirmation to down side.
EURAUD So for this pair iam looking for a short move to take us back into our larger timeframe move which is a downtrend. As you can see price is just about to tap into our supply above where we sit currently, order flow shifted from bearish to bullish so we want to try and capture the next shift which will be bullish to bearish... following that overall view...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is not looking good here. Rejected badly from the $23.9k resistance level. Also, Breaks down from the bearish flag-like structure in 1hr time frame. Expecting more drops from here. Invalidation:- Close above $23.9k If you like this...
Caught these buys last night! hope the breakdown was clear enough to understand how i see the market.
What is a Symmetrical Triangle:- A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. The price forms symmetric triangle pattern on daily and weekly chart. The price perfectly following the ascending...
GBP USD following the Australian dollar. We are looking for this to continue bearish here we have clear structural breaks on the larger time frame. We have clear areas of supply above as well as filling the short-term fair value gaps and imbalances. We are expecting this bearish movement to continue to our lower target which is the previous low created. A pretty...