It will followup for a day with selling Target 4300 Sl above 4450
GOLD updated its high on Friday to 2009 and is now forming a correction. Most likely the market may be interested in liquidity to the area of 1990-1980. The growth may continue. Prerequisites: 1) Strong trend stops, consolidation forms after the stop. There is no deep correction or fall and renewal of lows 2) Support retest is formed after updating highs 3) The...
Primary Chart: Weekly Candle Chart of ETH/USD with Competing Flag Scenarios Longer-Term Analysis BITSTAMP:ETHUSD has been largely in a trading range since making its low in June 2022. Yes, some of the moves within that range have been quite substantial. The move off the June 2022 low to the early August 2022 high was about +130.59% higher. The next leg...
Shiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits. Significant buy back at this level will most...
Not my favorite opportunity of the week but one that could be sneaky good because of the associated risk to reward ratio. The AUDUSD has been bouncing back and fourth in a period of consolidation for a while now with the most recent move being a retracement into a high volume level. We end last week with a very positive candlestick combination for the bears...
OANDA:XAUUSD continues to form a consolidation amid a global bullish trend that is linked to the geopolitical crisis in the Middle East. Pay attention to an interesting situation: the market is forming a large number of traps within the consolidation. This is the essence of this set-up. The market manager is trying in every possible way to gain the necessary...
Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome. On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the lower boundary of the substantial descending channel....
GOLD is forming a false breakdown of resistance. Market sentiment is changing, but for the medium term, this hints us at a possible trap before further growth TA on the high timeframe: 1) A logical reaction to resistance is forming 2) Bullish trend 3) Favorable news to strengthen gold TA on the low timeframe: 1) A retest of 1984 resistance leads to the...
2 weeks chart. The resistance at 4.5 was broken with tons of volume, no is testing the support. Risk and reward is good in this trade and it can break up very quick. I already have a long position, I may add next week depends on price action in the daily timeframe. Take in consideration that this is a 2 weeks chart so plan accordingly.
OANDA:XAUUSD amid resistance retest confirms the significance of the strong level. The correction or consolidation continues. The price is heading towards 1964 The global trend is upward, the fundamentals are quite strong on the market amid conflicts in the middle east. The price, since the conflict started, is consolidating by 9% and 167 dollars, but the...
EOS is currently in a consolidation zone and it looks to me to be coming to the end of a massive triangle. Let's see what happens this week, I think a nice pump incoming. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that...
OANDA:XAUUSD is breaking out and is about to test a key area of liquidity at the moment. What can we expect to see from gold going forward? On the chart I have marked such important levels as 1953 and 1946.7. This is a rather strong resistance area forming a global sideways range. After a long retest, the price is highly likely to fail to break this level the...
Hi folks today I'm prepared for you Euro analytics. A short time ago price declined to the resistance level, which coincided with the resistance zone. After this movement, it rebounded up and tried to rise, but failed and first fell back and soon broke the 1.0635 level. Also, the Euro entered into consolidation, in which it continued to decline until to support...
On the senior timeframe we see a stop after a strong distribution. This may last until the price breaks the resistance of 1929. At this point, consolidation and a retest of resistance is forming TA on the high timeframe: 1) The bullish trend is strong 2) The area of 1929-1932 stops us from further growth. TA on the low timeframe: 1) Price is consolidating....
Crypto market made nice and clean impulsive rally at the beginning of 2023, which indicates for a bigger recovery after a correction. Well, Crypto market is now in a corrective consolidation since April, which we see it either as a bullish triangle pattern or maybe even slightly deeper and more complex W-X-Y correction. After yesterday's volatility Crypto market...
OANDA:XAUUSD has been forming a correction since the opening of the session and has reached the area of 1910. The price enters the panic zone relative to 1914. What should we expect from gold next? The correction on the background of a strong surge of energy and distributive movement should have happened. The market should pull back and gather potential before...
EURAUD breaks the resistance of two-month consolidation. The market may show a rather prolonged strengthening towards 1.70000 TA on the high timeframe: 1) the market is entering the distribution phase 2) The accumulated potential can be realized during 2-3 weeks. TA on low timeframe: 1) Consolidation is formed above 1.66387 2) before further growth the price...
FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in...