Bitcoin fell head over heels – not in love (or did it?) but rather into the magenta zone between $24055 and $18897. There, it still has more room to finish wave v in magenta – ideally in its lower third. Then, Bitcoin should take off its rose- or rather magenta-colored glasses and head upwards, crossing the resistance at $26591. However, there is a chance that...
CadChf has made a Peak formation High back on 08/06 ending the Bullish run, it has dropped down to the 0.77000 zone creating the first level of drop and has dropped a monstrous Bearish candle on the 4h, now creating the new low for level 2, we will be waiting for a StopHunt High to the 50 ema and wait for entry conformation with maybe some consolidation. Expected...
Analysis of #EURAUD EURAUD could test its resistance level soon where I have my FIB 141 and 161 lining up near the strong supply zone where the market previously dropped 400 pips. if the market comes inside my resistance zone I will drop a one-time frame to look for a sell entry if a bearish confirmation is valid. ________________________________________ 💭 |...
When the price rises with this intensive move to the specified range, which is a very important range, the probability of continuing the upward trend is very, very low! The price seems to react when it reaches the specified range, it should be noted that the correction process within the channel is not yet complete. Of course, it is possible to engulf the range...
According to chart analysis, It is in a bullish trend and biasedness is also bullish, I defined an entry point, TP and SL.
Bitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence. We focus on...
Time Frame: 4H Symbol: JPYUSD Entry: 0.007440 TP: 0.007197 SL: 0.007644 Bias: Short The pair has already set a bearish bias for the current price movement direction. It is supported by the strength of dollar and weakness of this instrument. Our goal is to ride with the current trend.
Time Frame: 4H Symbol: GBPUSD Entry: 1.21701 TP: 1.19099 SL:1.23695 Bias: Short We can go for a short trade for this instrument for the time being. But in the long term the pair will recover the current trend drawdown. SO trades should be monitored very carefully.
Time Frame: 4H Symbol: EURUSD Entry: 1.04692 TP: 1.02573 SL: 1.06282 Bias: Short We are planning a short trade for the instrument. As we see the pair started moving on a bearish track, so the possibility of price drop is high .
Time Frame: 4H Symbol: XAUUSD Entry: 1858.327 TP: 1805.143 SL: 1898.054 Bias: Short The future of gold for the upcoming week is not very optimistic on the upper side. The major bias is bearish and therefore, we plan to sell the pair.
Time Frame: 4H Symbol: USDCHF Entry: 0.99442 TP: 1.01818 SL: 0.97503 Bias: Long The study of price oscillation and movement of this instrument insinuate a strong long bias. The dollar is getting stronger against other instruments creating new records. So we are aligning our goal to catapult some pips from the current trading context.
Gold had finally hauled itself up a bit higher into the orange zone between $1868 and $1919 only to drop back out. However, we expect it to gather all its strength to make it into the orange zone again and subsequently towards the resistance line at $1921, where it should finish wave b in orange. Then, gold should fall below the support at $1830 and continue the...
Analysis of #NZDUSD Similar to my analysis of AUDUSD minutes ago, The Market here also might be coming to test its structural support level near 0.6220-0.6240 where the market witnessed huge demand and rallied big to the upside. if the market comes and tests its lows and provides me a reversal pattern inside the zone with confirmation then I will consider a...
Analysis of #EURUSD The EURUSD will soon reach its resistance trend line near a strong key price of 1.08000. if the market tests my resistance level near 1.0800 and provided me a reversal pattern on the lower time frame I will then look for a sell entry. if not, I will then look for a sell near 1.0900 also a strong structure resistance level and a good level...
Analysis of #GBPUSD the GBPUSD is getting squeezed between trend line support and resistance and trader are not able to push the market further to the upside as you can see the highs are getting shorter and shorter, however, this is not enough to get in a short trade just right now. I am waiting for a break of trendline support and a close below the minor...
Analysis of #EURUSD the EURUSD is near its trend line resistance also 1.0800 key level we can expect the market to show some bearish action here but, I need to see to reversal pattern near the structure resistance level before considering sell entry. ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to...
Analysis of #USDCAD While the Oil keeps on rising we can expect the CAd to strengthen against the dollar and I am expecting further downside. if the market comes and tests my structure support zone near 1.2500-1.2480 strong demand zone I will drop a one-time frame looking for the market to show bullish action before getting in a buy...
Analysis of #GBPYSD Similar to my EURUSD analysis a few moments ago, the GBPUSD is near its trend line resistance also 1.2600 critical resistance level, waiting for the market to test my resistance level, and look for a reversal pattern before entering a short trade ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 |...