EURO zone held their interest rates on hold yesterday despite expectations of a rate cut for the zone. On the charts and there are 3; weekly, daily, 4hr. Weekly is a 38.2 fib price retracement to a buy zone and the continuation of higher prices. Daily chart is a recent bounce from a Buy order block triggering long bets for EURUSD. The 4HR chart is getting...
After seeing EURJPY close above 157.500 and breaking the 4hr area of structure, we could expect this pair to continue higher into 160.000 seeing that the momentum on the daily is bullish.
Ahead of this week’s RBA meeting, the Australian dollar exhibits a potential bearish scenario versus the US dollar, with the monthly and daily charts indicating further softness for the AUD/USD currency pair. 50-Day SMA Demands Attention Since September 2022, buyers and sellers have squared off between two converging lines on the monthly scale, a movement...
Versus the US dollar, Platinum is inching closer to a notable area of support after refreshing year-to-date highs of $1,095 last week. Having seen price action pencil in a clear uptrend since February this year, a test of support between $987 and $1,002 could have dip-buyers make a show. The support area consists of two horizontal support levels around $990, one...
Hi guys! This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance. Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price. I believe CRMT has come to an important area and poses a great trade setup in my opinion. If we look to Price...
Hello Traders, welcome to today's analysis of Bitcoin. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
In this trade, I'm taking a counter-trend approach, spiced up with a touch of adventure on my second target. The convergence of the Fib-3 Bat Pattern with the Deep Gartley Pattern setup is a remarkable alignment. The addition of RSI Divergence serves as the icing on the cake. Once the market reaches my first target, I'll be making the prudent move of shifting my...
Lets take a look at this beautiful confluence on FTM. A confluence this clean from major pivot highs do not come around often and what I can say is that the smart thing to do at these levels would be to enter a short position with stop above the wick high. Some people might trade this as a potential breakout, with a stop loss 1% to 2% below entry while managing...
Waiting for a retest of 0.63930 to short AUDUSD back to weekly swing low at 0.61712 If you agree drop a like and if you have any questions leave a comment :)
Bullish Outlook In this post (Bearish Outlook and former post update below), I highlight the potential bullish confluence we’re seeing on multiple higher time frames. This HTF reversal could begin with the former strong support level that we broke through but could act as support again – this would create an extremely convincing Inverse H&S as our left shoulder...
EUR/CHF – 9.27 We are at the top of our HTF Supply zone where we are just breaking through the strong resistance at the top of a HTF symmetrical triangle. I’m not convinced of this breakout and am expecting this to be a liquidity pull above former structure. I see an opportunity here to short the liquidity grab and ride price back down into the triangle and toward...
FX:GBPJPY GBPJPY broke below 183.094 Daily support and made a retest to previous support now turned into resistance. I am anticipating a move to the downside during the Asian session going into London session.
With both EMA's showing a correlation on the Daily and H4 timeframe signaling a strong upwards momentum. A trendline and H4 support are being retested after a break and closure above both levels. CADJPY is currently giving us the confluence to go long.
Weekly Chart BINANCE:SNXUSDT has tested and failed Head Shoulders Pattern so it's still in Triangle Pattern We zoom out to daily chart Now, it's trading at 2.31x and can be down more I found a fair value gap (FVG) around 2.15 and this level is also a confluence zone by 0.618 Fib Re and 1.618 Fib Re That's why I think SNX will bounce back with nearly 20%...
Waiting for a retest of 0.66230 to long EURGBP back to 4H swing high at 0.86847 If you agree drop a like and if you have any questions leave a comment :)
Waiting for a retest of 0.60521 to short NZDUSD back to Daily key support at 0.58802 If you agree drop a like and if you have any questions leave a comment :)
Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148 If you agree drop a like and if you have any questions leave a comment :)
Waiting for a retest of 1.13683 to short GBPCHF back to key 4H level at 1.1700 If you agree drop a like and if you have any questions leave a comment :)