Despite being within the sell zone on the weekly chart, there has been a clear break and close above the previous structure. This has led me to adopt a bullish stance on the mid to long-term outlook and I'm currently waiting for a buying opportunity on the 1-hourly chart. The buying opportunity may arise either at the trendline, if the candle touches it but...
Patiently waiting for a prime shorting opportunity on EURUSD as the market struggles to breach the crucial level of 1.1093 on the weekly chart. My strategy involves utilizing the Bearish Shark Pattern setup, which shows completion at 1.1097 on the 1-hourly chart. With a calculated approach and keen attention to market behaviour, I am poised to execute a...
The candlestick signs a weak demand. Hence, a downtrend pattern emerged where the price closed below the S1 line due to a price being pushed down by a strong Bearish pressure. A strong counterattack of Bullish pressure is required to break the decline. As a result, when "Smart Money" is in need to break a strong decline, they have to put a lot of buying pressure...
Trade for NSE:KEI 1-3 day on 5/15 min time frame. BO above 1902 could possible give up move considering INSIDE BAR pattern. RRR is not so attractive because of short term trade.
• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual); • It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is...
Yesterday the FED raised interest rates and we saw big fluctuations across all instruments. Today is the ECB’s turn to announce interest rates, also expected to rise by 0.25% This will lead to new swings in EURUSD and confirmation of the direction. We watch for a breakout and test of yesterday's news levels to enter new trades.
Within the consolidation zone, a bearish shark pattern has emerged, and with the presence of a magic candle, it presents an opportunity for an aggressive trade entry. The consolidation phase offers a prime opportunity to identify harmonic patterns.
Nifty took support twice from yesterday's resistance zone (resistance was tested twice yesterday) Cradle pattern involving doji, hammer, hanging man was formed in the middle of the day indicating upcoming sudden directional movement which came later in the day
Tomorrow the FED is expected to rise interest rates to 5,25%. We prefer to wait for the news to pass before looking for new trades. Yesterday we saw a new attempt to rise, followed by sharp decline and test of the lows around 1,0960. Upon a new test it’s possible to see breakout and heading towards 1,0900. For new entries, we’ll wait for the news to pass and...
Interest rate decisions from the FED and ECB are due this week. This news will determine the direction in which we will look for trades. For now, EURUSD continues to make higher highs and higher lows. On a break of 1.1086, the next resistance is at 1.1153. An important support level is 1.0908.
This particular trading structure may be viewed as an aggressive approach, but it presents a compelling setup for counter-trend traders. The first target is in close proximity, affording the opportunity to adjust our stop-loss to entry once the market reaches that level. This grants us a Risk-Free Trade, providing a favorable risk-to-reward ratio for traders who...
On closer analysis of the GBPUSD on a higher timeframe, it is evident that the candlestick has closed above the previous high, thereby confirming the bullish trend of the currency. However, one must exercise caution before diving in, as the current market price is currently situated on the weekly chart supply zone, which traditionally indicates a sell zone....
The EURUSD demonstrates a clear bullish trend based on the current market conditions. As a result, trend traders may seek to capitalize on potential buying opportunities at the support level of 1.0967. Conversely, counter-trend traders may be interested in shorting the currency pair at the resistance level of 1.1035-1.1044 while placing initial stop-loss orders...
The ETH monthly candle closes in 2 days and it looks like a pinbar will be formed, what do you think? 🤔 I'm not sure about the 🟢 and I'm looking more for the 🔴 position
During the yesterday’s news we saw fluctuations in range 1,1000-1,1060. Currently, it’s important to see breakout outside of that candle. Key support level is 1,1000. Upon pullback from this level we can expect another rise towards 1,1060 and test of the previous tops. On breakout , we’re headed for a test of 1,0960 and the previous lows.
As previously analyzed chart, I was anticipating for the price to make a correctional move to the 82.2 level of resistance. The price managed to reach the level and now I expect the price to make an impulse move toward the 81.15 area of support.
Today GDP data is going to be released. We expect the news to have an impact and cause fluctuations. We will look for new trades after the news when the direction is confirmed. If the uptrend continues the next resistance levels are 1.1154 and 1.1276!
Hello, From the daily chart, we can see the price is moving in a downtrend, it then broke and closed below the support level. In 1H, the price formed descending channel in which the price is bouncing within the range. If the price manages to break past the channel and make a bullish fakeout to retest the daily resistance level, I will short the pair upon...