Hello Everyone, The USD/CHF pair is maintaining its bearish trend, which is expected to persist in the long term. For this continuation, it is crucial for the strong monthly support at 0.889316 to turn into resistance. If this occurs, we can anticipate the bearish trend to continue. TradeWithTheTrend3344
Gold gains traction and trades around $2,321 in the latter half of Thursday, buoyed by a drop in the benchmark 10-year US Treasury bond yield, which fell more than 1% on the day to below 4.3% following disappointing US economic data. This decline in bond yields provides support for XAU/USD. The price action in gold demonstrated a strong rejection from a minor...
Hi everyone, so we had the dip, Bitcoin is lower, it came close to the 64,800 which was big support after the 66,200 was lost. But this is an entry for me, and I've been trying every step of the way to find support to go long. You see, once you pick a direction, it's better to keep your direction, and if you're long, stick to long positions. We've attempted many...
CRYPTOCAP:BTC is in a rising symmetrical triangle pattern. This is a bullish pattern that usually breaks in an uptrend. We might touch the resistance at the EMA 100 before reversing to the upside, so be patient. The MACD is not reset yet, and the RSI is showing many divergences created by the unexpected selling pressure that could not be forecasted by the...
PEPE is back. I've had some very good calls on PEPE. Many ppl joke about it, but its these small alt coins that often do and can out perform bitcoin. It was just a couple of weeks ago there was a small move that reaped some profits that was published. Well now we have All Time High's and right at the perfect time for PEPE to Shine. This move will have some...
Hello,Friends! It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.142 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Technical Analysis: EUR/USD The risk of this trade is low because it is in the direction of the main market trend. Entry prices: 1.07344 Profit limit: 1.06552 1.06107 Loss limit: 1.07747 Before using this signal and analysis, be sure to check your analysis chart. Attention!!! In these analyses, only technical analysis is considered Therefore, be sure to...
This looks to be one of the biggest Cup and handle patterns I have ever seen. I need some coffee. Imagine the move on this if this is true.
Technical Analysis: GBP/USD The risk of this trade is low because it is in the direction of the main market trend. But today CPI news causes a lot of TP and SL. {be careful} Entry prices: 1.27983 1.28258 Profit limit: first position 1.27600 1.27109 second position 1.27750 1.27551 1.227109 Loss limit: first position 1.28267 second position 1.28631 Before...
Historically doge cycles become bigger and bigger every time. The most entertaining outcome is the most likely.
Hello Everyone, XAG/USD is still a strong long-term buy despite current appearances! The daily support level is holding well, indicating potential stability. To confirm short-term direction, we're looking for a consistent position above the daily pivot point. TradeWithTheTrend3344
Long Term Market Structure: Price Action since January 2024 is sideways in a Channel between 1.27830 (Top of Channel) and 1.25330 (Bottom of Channel) The price broke above the channel on 7 March 2024 for 5 days before it pulled back into the channel again. The highest price reached for this breakout above the channel was 1.28945 The price broke below the channel...
Hello everyone. Gold has Daily resistance of 2328-40 with support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: On Wednesday, the US May CPI data was lower than expected. Gold was boosted by the unexpectedly weak US CPI report and hit the $2340 line. Later, it fell back due to the hawkish signal of the Fed's...
Aussie is testing confluent support here at the 38.2% retracement near 6580. Looking for a reaction heading into US CPI / FOMC. Ultimately, losses would need to be limited to 6538 IF price is still heading higher with a breach above 6690 needed to mark uptrend resumption. Bottom line- threat for an exhaustion low over the next few days- Watch the weekly close here.
The market is trading below a bearish trendline which took place at the beginning of April ; the mid-term trend is then bearish for the black gold. - However, since the impact over $72.43, the LCrude has registered a sharp bullish price action, led by bull traders who managed to defend that zone as well as short-sellers who bought their short positions back. The...
Hello, trader. We've taken the HTF sellside and traded to the FVG (yellow box) Taken a short scalp on US from 38600 targeting the 5min imbalance Entry 38600 TP 38576 SL 38610 As long as we don't close above 38610 expect further prices to the lower side. IF we break 38610 we will head back towards the buyside.
Hello, trader. As seen on the chart, less than a month period, #bitcoin did unable to cross 72K, after 2 major declination, formed bearish double top pattern. Also in 3 months period, BTC formed Wyckoff' s distribution schematic and proceeding to last confirmation of the major correction. In lower time frame, #btcusd dumped from 70K to 66K heavily and lost...
We can count a zigzag down and a zigzag up, implying that we should still have one more push down, likely another zigzag, before the end of wave 2.