GBPCAD has been in an upward trend for the past week. It is currently facing strong resistance at a horizontal level. I am waiting for a breakout, and a close above this resistance level on an intraday candle will confirm the breach. If this happens, we can expect a bullish movement towards at least 1.725. I will provide an update once a breakout is confirmed.
Here EURCAD I am providing sell program Reason 1.Daily High taken 2.HTF liquidity taken 3.AMD Reversal formed 4.Supply zone Expectation = Waiting for LTF change of character for safe entry .
1) All time high @ 100.85 2) Range 93.55 to 96 seems to be strong selling zone with small support(acting resistance) range 86.65 to 87.95 3) Strong resistance range 81.42 to 82.55 since all time high in 2016 and breaks the level in 2023 4) Hammer of 4.5% forms in weekly frame taking long position with target of +3 points in coming week Expectation : - If target of...
The gold market has experienced significant volatility. At the beginning of the Asian market, the price of gold fell to US$2,302.89 per ounce, but then quickly rebounded to a record high of US$2,354.07 per ounce. During the European market, the price of gold was stable at around US$2,338 per ounce. Gold prices hit a new all-time high on Monday based on recent...
Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the...
Consolidation Sideways at the top. I've conformed two candlesticks are look alike for price action. Laid out pivot zigzags which I found on a 50 minute time frame. First candlestick has a high rate value which in my trading qualifies as a body hammer. Both patterns are trending in the same pivot format. PIVOT PATTERN reads $71,557.60
Price action analysis for Bitcoin. Important key levels. Trading plan. Potential scenarios Thoughts & trading recommendations. ❤️Please, support my work with like, thank you!❤️
05.04.2024 In my recent NAS100 analysis, my bias remains bullish. Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell....
Thursday, 04.04.2024 We took the previous weekly low and touched my 8 EMA. On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low. Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci...
08.04.2024 Check my last Nas100 post. Scale in position. Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell. scale in...
⚠️Gold is currently on an upward trend globally. It’s adhering well to the expanding rising wedge pattern seen on the 4-hour chart. After hitting the resistance, gold began a corrective phase. This uptrend has been ongoing for over a month. There’s a support cluster at the base of the wedge and a flat support level. The market’s response here could lead to one...
In a clean uptrend channel with a strong bearish candle ready to reverse. Bears are in control.
- Trade Strategy: Bearish Deep Gartley - Timeframe: 4-hourly chart Analysis: - Importance: Emphasizes the need for confirmation before entering a trade Trade Plan: - Entry Condition: Wait for candlestick confirmation - Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup - Engagement: Engage the trade only upon confirmation ...
Reason sell 1.HTF Supply just above high liquidity area 2.Premium price level 3.AMD forming Entry after BOS on LTF
- BTC currently breaking out of a Symmetric Triangle. - What this means is that the current ranging market is near it's end. - So price will likely break and reach new ATH or it will fall back to $66k or $61k.
- Trade Strategy: Support and Resistance - Key Levels: Resistance at 0.6624, Support at 0.6482 - Profit Potential: 142 pips Analysis: - Importance: Emphasizes the need to accurately assess profit potential Trade Plan: - Long Opportunity: Look for buy entries near Support (0.6482) - Short Opportunity: Consider shorting near Resistance (0.6624) - Risk...
We see a nice gap down on WTI. As always, there is 80% chance that the gap will be filled. I already see an intraday price action confirmation. Goals: 86.6 / 87.4 ❤️Please, support my work with like, thank you!❤️
USDCHF formed a cup & handle formation after a test of a key horizontal support. At night, the neckline of the pattern was broken. It indicates the strength of the buyers and a highly probable bullish continuation. Goals: 0.9057 / 0.907 ❤️Please, support my work with like, thank you!❤️