Solid trending day on 6/27, where a new cup and handle is formed on the 4HR timeframe and we attempted to break out of the 4HR downtrend created on 6/16. Especially with Powell speaking the rest of the week, looking forward to seeing what can pan out.
Primary Chart: IWM on a weekly timeframe with downtrend line and major support and resistance zones Note1: IWM is an iShares ETF that represents the Russell 2000 small-cap index in the United States. Though not as widely tracked as SPX, NDX, or DJIA, the Russell 2000 ( TVC:RUT ) is one of the major US indices. It is likely the fourth most watched US index. Note2:...
Hello,Traders! USD-CAD is trading in a Downtrend in a falling Channel and I think That we will see Bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Traders, What I see in the charts is quite simple. We must set our emotions aside and think logically. What are the charts showing me in the altcoin space? Let's visit this topic quickly. Stew
I dont normally post short ideas, but this one is just too obvious. Giant bear flag that rejected off resistance and fell through support. Target is the white line after the rejection.
Bitcoin has reached the psychological barrier of 30K, likely triggering a temporary pullback to around 28K. At 28K, uncertainty arises: a strong climb to 32K is expected if bullish momentum persists, while falling below 28K could test the 25,800 support level. On the Weekly, the scenario is still bullish though, but starts to weak a bit. PS: I'm happy to see...
Attention, traders! We have an enticing bearish setup in the Gold market on the daily timeframe. The key to this setup lies in the formation of the double top pattern, where price establishes two prominent peaks at approximately the same level. This pattern serves as a robust bearish reversal signal, indicating a potential downtrend ahead. As price stagnated below...
✅GOLD broke the key support Level of 1940$ and the breakout Is confirmed because a 4H candle Closed below the level so we are Now bearish biased on Gold So I think that after the pullback And retest of the broken level We will see a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅EUR_CAD is trading in a Downtrend and the pair Has formed a bearish wedge Pattern then retested the Horizontal resistance of 1.452 And we are seeing a bearish Reaction and an attempt of Breaking out of the wedge To the downside so IF the Breakout is confirmed then The most likely direction Of the next move will be down SHORT🔥 ✅Like and subscribe to never...
Welcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Honestly, this move depends on the CPI data today and FOMC tomorrow Still think no matter what we will be going back to 101
✅WHEAT keeps growing And soon the price will hit The horizontal resistance level Of 727'0 from where I will Be expecting a local correction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! USD-CHF is trading in a Downtrend and the pair Made a nice bullish Correction but will soon Hit a resistance level Of 0.8977 from where I think the move down Will resume Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
For Day 33/100 of our challenge, we will dive into USDCHF downside risks for the week ahead: Technicals: - Overall downtrend - Resistance created on previous support 0.91 - Break of 0.90 key level via bearish impulse - Looking to enter on 0.90 retest / 62% fib - Weekly target at 0.885 - Trade invalid if 0.905 breaks to the upside Fundamentals: 🇺🇸 Rate markets...
I placed a short entry with an 11 pip stop loss. I believe that this intraday uptrend is over, and this week will be relatively bearish beginning with last Friday's daily indecision candle and false break of a resistance.
✅GOLD retested the falling Resistance and made a pullback So I think that the price Will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅EUR_GBP will keep falling Because the pair is in the downtrend And recently broke the key level of 0.854 So we will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-CHF was going up After the pair made a rebound From the local bottom but The pair is still in the downtrend And is trading in a below The falling resistance So after the retest I think That a move down is Very likely Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!