➡️ Bitcoin is trading at $61,323 . The cryptocurrency is still under bullish support and is aiming for new highs. At the moment, the coin is trading in the middle of the uptrend channel, from where it is better not to look for an entry point. As part of the Bitcoin forecast, a test of the $59885.10 and $55875.85 levels is expected. Where can we expect an...
And so, the short-term SELL confirms for oil. The price area 81.70 - 83.40 serves as a resistance for further growth. Now the instrument is at the resistance line of the descending channel, which at the beginning of the next week may lead to active sales. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Entry Range: 81.8 - 82.69 Avg . 82.45 (RRR: 2) 1st. Profit Target: 81.13 Stop Loss: 83.62 HOW TO ENTER MY TRADES 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either...
And so, GOLD, like the entire market, expects NFP. Today, it is very difficult to take a certain side (buyers / sellers). It is necessary to wait for the news data and see how the market will react to them. In general, the bullish momentum may develop further after breaking the 1806 level. Remember, there is no place for luck in trading - only strategy! Thanks...
➡️ Brent Crude is trading at $80.70 per barrel and is moving within the fall and the downtrend channel. The presence of a bearish trend can be traced for the instrument, which can develop into a correction. As part of the forecast for the Oil rate for November 5, 2021, the growth of the asset value is expected to develop and the test level of $83.10 . Where can...
And so, GBPUSD fell after the meeting of the Bank of England and the price confidently approached the target on the impulse. NFP is expected today, which will bring its volatility to the instrument. So far, nothing has changed, and the instrument remains under pressure from sellers. During the American session, the pair may rise to 1.35400 or 1.36412. Remember,...
➡️ Now all attention, after yesterday's meeting of the Fed and the decision on the interest rate, switches to the meeting of the Bank of England, the results of which will be published today. In many ways, his rate decision should have a bigger impact on the Pound than the FOMC did on the US dollar, as the UK central bank is close to raising interest rates. Bank...
Price action analysis on WTI. Potential scenarios & key levels. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
And so, GOLD dropped below the level of 1785, thereby reminding that the bears are still putting pressure on the metal. Today the FRS meeting and the decision on the interest rate will take place. Under these events, the instrument can behave in a variety of ways, and as a rule, in most cases, it is GOLD that is the most volatile. Remember, there is no place for...
➡️ The USDCHF pair continues its decline within the boundaries of the downtrend channel. At the beginning of the week, the instrument marked new lows at ~ 0.90860 . The pair attracted sellers on the first day of the week, giving up most of the gains gained during the recovery from 2-month lows at 0.9100 . The US dollar retreated slightly intraday after earlier...
Based on the technical picture, the upward trend in oil prices will continue. Fundamentally, the market needs and will need oil, which will increase the demand for oil. Potentially, the instrument will reach the level of $ 87 and $ 90.
Entry Range: 83.28 - 84.17 Avg . Entry 83.95 (RRR: 2) 1st. Profit Target: 81.6 Stop Loss: 85.11 HOW TO ENTER MY TRADES 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after...
➡️ At the end of the week, the dollar was confidently winning back its positions in the global market after the correction the day before, followed by the release of weak preliminary data on US GDP for Q3. The EURUSD currency pair dropped 0.7% , dropping below the 1.16000 level. The current position of the Euro on the market is not the most optimistic. The...
After reaching the 261% fibbo extension, hitting the guideline of the last two highs on the high side, after 9 consecutive weekly green candles and plus the sum of the first low of the uptrend since 60 is a good time to think about sales. no? This last weekly candle has left us a curious wick and the formation of an MHM, apart from all this we have to bear in...
And so, the currency pair is consolidating around the level of 92. Strengthening of the Canadian after the statements of the Bank of Canada this week, together with the technical picture on the chart, indicates further growth of the currency pair. Great deal would be BUY from 91.413 to 92.655. Remember, there is no place for luck in trading - only...
WTI has been in a strong bullish rally for quite some time, but we believe that the market could turn around soon, after all WTI and NATGAS have been in the news for too long and the bull run might just be ready to turn south. We already have lower highs forming, and decent indications that we could see a correction. - It's worth a shot to sell as if this market...
"Black gold" is likely to continue its correction to the level of 80.72. Already there, oil will be supported and the price may even go to a new maximum.
And so, the Canadian has once again confirmed its solid position in the market after the meeting of the Bank of Canada this week. The pair continues to move within the downtrend channel. At the moment, the downward movement will continue to the last lows (~ 1.22875) and will break even lower to the channel's support line. Remember, there is no place for luck in...