Not my favorite opportunity of the week but one that could be sneaky good because of the associated risk to reward ratio. The AUDUSD has been bouncing back and fourth in a period of consolidation for a while now with the most recent move being a retracement into a high volume level. We end last week with a very positive candlestick combination for the bears...
"Evening stars" are not as reliable as they used to be. They occur after heavy speculation and a steep angle of ascent. A few days ahead of earnings, NASDAQ:MSTR could not break through the resistance above. The Gap up was HFT driven. This stock has a lot of retail interest at the moment, with every eye on AI. But the selloff from last quarter's reporting...
After nearly hitting the low for the year, price made a bearish reversal and gapped up from the 1835 area. In October it peaked at the ceiling level and is most likely to decrease until December then after. *I am not a financial advisor, and the information provided here is for informational purposes only. Any financial decisions you make should be based on your...
Considering the recent bullish momentum in the oil market, characterized by a clear market structure of establishing higher highs and higher lows while respecting to a short-term bullish channel, we anticipate that oil prices will rise from their current low, as depicted on the chart. In addition to the bullish channel, there are other bullish indicators on the...
Hello, dear traders and colleagues. I wish you all a successful trading week. Let's examine the AUDNZD chart to identify a potential selling opportunity. As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show...
Hello, traders and friends. Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity. In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now...
EURAUD has reached the floor of the daily ascending channel and 61.8 daily Fibonacci, and according to the formation of the head and shoulder pattern and the break of the neckline, it can reach the specified targets respectively.
Hello, traders and friends. I hope you all doing well. Let's delve into NIKKEI chart and explore why we believe there may be a potential Buying opportunity. The three-wave bearish corrective nature of this downward leg, following a bullish impulsive wave we observed on the chart, suggests the possibility of another bullish move, potentially testing at least the...
In our previously Analysis we published a Long Analysis AT 1,832$ and price has far exceeded our bullish target at 1925. We are at 1978 and we may observe a healthy pullback as profit taking ensues. After a great increase on the week, what goes up must come down. We have 2 sessions remaining in the week. Gold catching fomo buyers off guard has good probabilities...
Hello, traders. Let's examine the EURGBP chart, where the price is currently completing a pullback to the broken short-term bearish trendline after a change in market structure towards the upside. This provides us with an opportunity to position ourselves in alignment with the higher time frame. When you review the Daily timeframe, you'll notice a bullish...
EU may once again bounce off our 1.054 weekly level and increase 50-100 pips. We have a large range to fill to the left hand side up to 1.062 Daily level. This is take profit 1 for Eu Longs. Take profit 2 would be 1.064. For Sell Scenario we are looking at a bearish weekly target 1 is 1.05 and the second Take profit area is 1.047 Daily level.
GBPUSD is currently at its last support on the bullish trend. If the market closes below 1.1799 on the weekly chart, it will turn bearish. For those seeking a buying opportunity, the Bullish Crab Pattern may present a good chance at 1.2132 on the retest.
The weekly chart for EURUSD indicates that 1.0452 is the Last Support. Before considering a buying opportunity, I will wait for the 1-1 pattern retest at 1.0440 on the 1-hour chart.
Hello traders, lets take a look at copper which testing an important resistance area and see what can possibly happen and what are the consequences of possible bearish move in other markets like us equities. first lets talk technical, price overall bearish Daily move in copper formed a standard #head_and_shoulder pattern in form of consolidation in downtrend move...
BALRAMPUR CHINI MIL LTD Key highlights: 💡⚡ 📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern . 📊 It can give movement upto the Reversal target of Above 465+. 📊There have chances of Breakout of Resistance level too. 📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 520+. 📊 Can Go Long in this stock by placing...
Hi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not. As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price. Other things that...
The candlestick formation pattern indicates the end of the existing downtrend pattern with RSI conforming to the candlestick pattern due to fresh buying on ADVENTA. Yet, the result in volume is not yet significant. The MACD indicator indicates a reversal pattern towards the uptrend pattern. Let's save ADVENTA in WL and watch out for significant price movement...
The Bullish Shark Pattern is yet to be confirmed, but it went lower than PRZ, which is seen as a warning sign for most. However, I see it as an opportunity that I don't want to miss out on. Here are some key points that I wanted to highlight: - The Terminal Bar produced a long shadow that provided Cover Support, which means that the level is not broken. - On...