When the facts change so do I. This is an update to my Oil chart I posted back on Christmas 2023 Explanation of how Oil Bulls should handle this chart setup with reduced risk.
📉Hi Traders, Investors and Speculators of Charts📈 Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before? If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool...
ADIB on the run Targeting 50EGP, 52 EGP consecutively POSITIVE outlook based on Ichimoku technique on all timeframes (5min-1Day)
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Below mentioned points are discussed in my post analysis video(Fast forward to 0:38 for Hindi Audio) -No Trades in the morning -Buy Volumes in the morning in nifty before 10 -Volume Pattern Triggered in Nifty and Target was Hit -How will i trade when market opens tom
Price made lower lows and reached the main 1H level. After testing 1H levels sometime, the breakout has happened. Open of London was weak and created a structure on the hourly level. Treade is activated on the breakout of this level.
As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.
This chart is created on the request of one my follower. The stock seems to be breaking out the correction. All labels are marked on the chart. Regards
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
EURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement. Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement. Take profit is at 0.85174 which is a...
Hey traders, After the recent rally on gold to new ATH's, we can judge what to do on falls to early support, or rises to former resistance. Eyes are now on the FED as we approach inflation data and other key news. Some hints have already come, but 2024 is set to be a year of changes. Watch for more.
EURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level. Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level. Stop loss is at 158.510 which is a level that sits below a multi-swing low support. Take profit is at 161.761 which is a swing-high...
Hey Traders, As NZDUSD is a top mover today, I thought I'd cover it fully. Lets go over the long/near term bias I have.
This is how i got the GBPUSD iDea. So i believe the price is going to Drop. What are your thoughts on this ???
I've used 3 indicators, namely, MACD, RSI & BB width to show the idea of momentum building up in the background. If VIX spikes that's definitely not a good thing for the markets. Volatility is a mean reverting animal so its just simple statistics that a big spike is coming. TIMEFRAME: If vix starts to pop this week, the rally could end 3-4 weeks from now.
EUR/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Today's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on...
In this video I do trend and cycle analysis on the Hang Seng index and explain my thoughts on why I think big opportunities are just around the corner. Note: my opinions, though supported by multiple levels of technical analysis, are still just my opinions and should not be taken as facts as there is no guarantee that what I think will happen will play out.