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...
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.
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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
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Analysis of #USDCAD
following up on my previous USDCAD I am still waiting and expecting the market to test the lows only then i might consider a buy near 1.2490-1.2450 if the rules for entry are met
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Analysis of #GBPCHF
GBPCHF might be coming to test its structural support level near 1.200 which will represent an interesting level to start looking for a buy entry if the market provides a valid entry with reasonable risk to reward
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