Like we said yesterday, we expect a pullback to 1,1640
The 1,1640-1,1680 is an important resistance zone and from there, we will be looking to sell.
This could happen today, but only if we get a clear entry signal.
First of all I want to fix one mistake from the previous Bitcoin analysis. The Global Elliott Wave 3 is going to end much higher and it is definitely break the ATH. But the incoming correction is going to be according to Wave 2 of the Elliott Waves lower order.
I think that current Wave 1 is not going to break ATH or may be squeeze it up. I...
Here is a new Sell Opportunity, Very overbought , this pair needs to fall before rising again
✅ Entry @92.500 or below
My Forecast : This Pair Will fall , RSI is critical. But there is a risk to go up further with this pair (careful)
JamdeJam will not accept any liability...
GOLD is making a reflection point on the channel.
Check the lower support by hitting the Red Ema LATER for potential entry confirming signal to buy.
Follow EMAS later instead the blue channel which could be invalid by a strong leg up to approach upper dash lines as targets.
GOOD LUCK ON THIS PLAN .
LESS IS MORE!
Bitcoin is again pushing up to new highs, Currently in the higher time frame the price is moving in a parallel channel(day) and we are only 10% away from all-time high.
There are some confluences that shows Bitcoin need some correction. First of all, we are approaching a strong supply zone, which indeed tells that price may get rejected from that zone. Also, the...
Finally we are seeing some bullish price action on the lower time frame of EURUSD.
WE can see that price has reach both the higher time frame and both lower time frame's bottoms.
A HTF double bottoms, bottom of the HTF parallel structure, bottom of the LTF expanding structure, and bottom LTF descending channel has all been reached.
This is a...
As we can see there are two important supports here.
The first one is that green trendline that is not broken yet because 4H candles are closing above it but two times price try to break this trendline and start to dump but was not successful.
and the second one is that the green support zone that is mentioned on the chart too and the price is not touching it...
Yesterday we had an upside impulse on EURUSD. This move began a pullback to 1,1640.
We won't be looking to buy, but instead will be following when this move will end so we can then find some selling opportunities.
In such times we have to be patient or to focus on other instruments that provide us with better setups.
USD-JPY is going up and up
And the surge seems unstoppable
However, a massive horizontal resistance is ahead
And I am expecting people to take profit from there
So I am expecting a correction move down
To retest the support below
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See other ideas below too!
GOLD finally moved from the weird range
In which it was trading for the last week
The price is moving upwards
So we are looking for a level
Where this move might stop
I fancy 1833 level, from where
I am expecting a pullback and a bearish correaction
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Been very busy with other sessions but do find time in between to do some trade analysis and forecast :)
Here on UKOIL, we can see a nice higher time frame structure in the making.
With a few swing highs and lows, signaling a potential completion of this structure.
The latest development shows us an ascending channel, correcting the price up...
Also eyeing AUDUSD for further upside potential.
We can see a higher time frame descending structure that the price is currently in.
At the bottom, a bullish reversal price action, giving us an inverse Head and Shoulder pattern,
and we saw a strong bullish up move follow by correction.
Now that price has confirm broken out and is in the impulse...
As we can see we consider a new strong support zone here near 43K-44K if the price starts to see some correction here then it can stop near this support zone.
The market is currently Bullish as we mentioned before and bitcoin can hit a new high this time too soon.
Notice: for more pump here, these resistances should break and all are strong daily...
Looking at Silver here for the bullish long term outlook.
From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy.
Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well.
What can expect from the USD in the near future ?
As we can see here, price is once again at the top of the overall current price action structure.
Price spent much of the time since July correcting within the expanding structure. Not much bullish price action here.
Now, we can see a potential double tops, price formed a lower time frame...
GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time...