Hi everyone, After reaching local high at 0.8 which was indicated in my previous idea Cardano started to decline falling up to 0.57 support level. Few times ADA price bounced from this support and again trading around it. Since halving is coming and usually real altseason starts after this event I think that ADA price is placed in very good spot to enter in to...
AUDCAD is in an uptrend in the 4-hour timeframe and seems to be following a rising channel. In the short-term, it was in a downtrend in the 1-hour timeframe, where it was respecting a downward trendline. The price was unable to break the lower line of the channel and formed a very strong hammer candle. It went ahead and broke out of the downward trendline. I see...
In this analysis we can see that GBPUSD is in a downtrend. The price created an order block on the H4 FT and the zone we should keep an eye on. When price pulls back up to the zone, we have to wait for confirmations before jumping on the trade and to do this, we will look for the change of character on the a lower timeframe such as M15. a change of Character...
Engulfing candle rejecting 2.09 level. Target next resistance level at 2.11
AUDCHF is currently in an uptrend, having recently broken and closed above an important intraday horizontal resistance level. The previously broken resistance has now become a support level, with the price currently retesting this level. There is potential for the market to continue rising, with the next resistance level being at 0.5930.
We can attempt to short USOIL from specified level by placing sell stop (also bearish divergence occur at 1 hour timeframe). SL , TP mention in chart.
GBPCAD is making bullish flag pattern also at HL , 0.5 FIB Level . We can attempt to buy from specified level . SL , TP mention in chart
We previously observed a bearish reversal on GOLD. Following a period of consolidation, the market has now formed a significant double top pattern on the 4-hour chart. The neckline of this pattern, a key support level, was broken during the Asian session with a strong bearish candle. It is likely that the pair will continue to decline towards the 2270 support level.
AUDUSD reached a key horizontal resistance. After an attempt to violate that, the price dropped and broke a support line of a rising wedge pattern, showing a sign of strength of the sellers. I think that the violation was a trap. The pair may drop now at least to 0.6433 ❤️Please, support my work with like, thank you!❤️
AUDCHF broke and closed above a key daily horizontal resistance. The broken structure turned into support now. The market may keep growing. Next resistance - 0.5909 ❤️Please, support my work with like, thank you!❤️
CME_MINI:NQM2024 - PR High: 17371.75 - PR Low: 17329.25 - NZ Spread: 95.0 Key economic calendar events 09:45 | S&P Global US Manufacturing PMI - S&P Global Services PMI 10:00 | New Home Sales Prev session closed as double wick inside bar - Holding near prev session close Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) -...
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point. Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot). Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade. In between I do nothing!
We are neutral on S&P futures after the recent drop. It is too early in the week to determine a high probability bias. We have taken out fridays high today (5058), and we might see further retracment to the upside. We are not considering a short bias on the daily chart, unless ESM2024 daily candle body closes below 4984. Until we get more insight troughout the...
BTC/USD is still captured in the mentioned range between 73.800 and 60.000. However, it recently took out a daily low and the bodies respected the potential support level of 60.000. The next likely draw now are the relative equal highs above 71500. If BTC breaks out of the range substancially, it could have another significant rally backed by the recent...
To remain bullish, BTC/USD should ideally close above 71460 on the weekly chart. If it cant, that suggests consolidation at actual levels and between a range of about 73800 and 60.000, until we break that very range significantly to the up OR downside. The strong retracement today, is no god news for bulls imo and increases the chance of a consolidation...
Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them. The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other. The polygon is more...
More up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692,...
I am bullish biased on Gold for this year, expecting to see it reach 2400 until 2nd November. I developed this project with only one question in mind considering the context perspective: where would could or should occur potential entry setups and signals for long entries. I have ~picassoed~ some potential support/resistance elements taking into consideration...