And so, the price is in a downtrend channel. The resistance area is now 1769.045 - 1794.835. Gold recovery is highly unlikely.
Remember, there is no place for luck in trading - only strategy!
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And so, the currency pair is still under sellers pressure. The resistance area is the range 1.17530 - 1.18600. The closest support level is the level of 1.17000, where buyers can remind of themselves.
Remember, there is no place for luck in trading - only strategy!
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Hey traders,
WTI is approaching daily/intraday zone of demand.
To catch a bullish move with a confirmation,
watch a double bottom formation on 1H.
71.1 - 71.5 is its neckline.
Wait for its bullish breakout (1H candle close above),
they buy aggressively or on a retest.
The first goal will be 72.9
In case if the price...
And so, in order to establish a downtrend, sellers need to be at least confidently holding back the resistance 1769.045 - 1794.835. Buyers will try to penetrate up through this area and prevent breaking down through to 1700, which will mean full capitulation of buyers.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
UKOILSPOT is on a bearish momentum and is approaching our pivot and entry at 74.21 in line with 50% Fibonacci retracement and bearish trendline . Price could potentially bounce off and dip to our area of take profit at 72.73 in line between 161.8% extension and 61.8% retracement . MacD and Ichimoku clouds are supporting our bearish bias. Alternatively, our stop...
And so, in the near future, it is expected that the price will remain under pressure from sellers. The price area 0.72385 - 0.72695 is the resistance from where the AUDUSD would aim to 0.71650.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
After testing the support level and the lack of desire to go down,
Brent crude oil continues to grow and rises to resistance for a possible retest of the level.
I expect a slight pullback before the breakout and further growth to the far resistance level of 77.88
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And so, the resistance for the European currency formed at the levels: 1.17530; 1.18025; 1.18600. This area is difficult to overcome for buyers and therefore it is unlikely that it can be broken through now. Further strengthening of sales is forecasted.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Technical analysis on WTI Crude Oil.
Key levels & directional bias.
Trading recommendations & thoughts.
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And so, after a strong breakout last week for Gold, the price should not be expected to rebound. The likelihood of this scenario is minimal. Now either a balance would be formed or the price would go down further (most likely).
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, BTCUSD is expected to recover to the level of 47844.60. This recovery could potentially last up to 49627.00.
Remember, there is no place for luck in trading - only strategy!
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And so, the trades are in the range 1.35690 - 1.40040. At the moment, it is expected that the above-mentioned range of price is remaining and the price to return to the level of 1.37405.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, the Euro is expected to move upward as part of the rebound from the support line of the downtrend channel.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Hey traders,
Have you seen this bullish trend line breakout on WTI on a daily?
Moreover, the price broke intraday local horizontal consolidation area
confirming the strength of bulls.
Now the broken expanding area between range's resistance and major daily trend line composes the demand zone.
If you missed buying...
And so, Silver is confidently going down within the descending channel. The push of sellers is expected to continue. The price, most likely, would slightly correct at the beginning of the week, and then continue the downward movement within the channel.
And so, during this week it was predicted that the price would still go down to the range of 1.17530 - 1.18025, and would not stay at its upper border. In this range, the price potentially has good support from buyers. It is unlikely that the instrument will be allowed to go down any time soon.
Remember, there is no place for luck in trading - only...
