Hello, traders. Let's examine the EURGBP chart, where the price is currently completing a pullback to the broken short-term bearish trendline after a change in market structure towards the upside. This provides us with an opportunity to position ourselves in alignment with the higher time frame.
When you review the Daily timeframe, you'll notice a bullish...
OANDA:XAUUSD increases daily volatility by more than 3% for the first time in 6 months. Friday's opening-to-close session overcomes 3.4% and $63.53. A complex yet obvious situation is taking shape. Let's get a handle on what's going on and what to expect next
In the coming week, important news is published. Worth paying attention to:
Core Retail Sales &...
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina. They produce over 700,000 oz of gold a year.
Friday had a bullish engulfing candle
I see a target price of $14.30 , where there is resistance.
War news again this weekend will push oil and gold up again.
Good luck traders
We could the return of the DOW. Price is just landing on a strong support zone. Next week we could see a big, fat green candle (engulfing) and heading higher from there. I may buy a few calls on Friday, I want to see if the support holds. BTW I pulled up a 2 weeks chart for better visualization but it reads the same in a weekly chart.
as our last idea has not gone up to the mark and we have taken a long position as we have seen a double piercing patteren or failed bullish engulfing price is forming another bullish candle
Bearish engulfing candle seen today which is not a good sign. If we get a negative confirmation candle tomorrow to end the week we will see further weakness. The support and resistances on upper and lower side are as under:
Nifty Supports: 19245, 19042, 18890 and finally 18688.
Nifty Resistance: 19775, 19887, 20K+.
Calling all traders! We've uncovered a glittering setup on the 1-hour timeframe for Gold that's simply too good to resist:
📌 Technical Analysis Highlights 📌
🔷 Bullish Gartley Pattern: The price action has elegantly formed a bullish Gartley pattern, and not just that, it has successfully completed it. The confirmation is a bounce precisely at point D.
🕯️ Bullish...
Attention traders! After successfully bagging a 1:8 risk reward ratio on the recent rally on S&P 500.
There is an exciting Nasdaq setup on the 4-hour timeframe that demands your attention. Here's the breakdown:
📌 Technical Analysis Highlights 📌
🐻 Bearish Gartley Pattern: The Nasdaq chart reveals a bearish Gartley pattern, hinting at a potential trend...
Hi guys! This is an Update on Netflix (NFLX) on the 1 day chart.
We are currently at risk of a trend change in the makings due to a breakdown of Major Support.
This is a zoomed in look on the daily timeframe.
But if you look at my previous idea below, notice the Uptrend Channel that Netflix has been following since June 2022.
Todays candle is currently BELOW...
EURUSD hits a buy zone with two pin rejection on 4H Time frame after taking liquidity at 1.07752 and broke a trend line along side with daily engulfed candle
which could possibly indicate a buy retracement i expect to see a rise to 1.08628
also expecting a tap into the demand zone before rising
NSE:COSMOFIRST
Stock is showing strength in weekly timeframe. As we can see Stock is not able trade below previos lows.
This week it has shown a strong green candle with "W" pattern.
I believe it is a good time to go long with 605-610 which will be around 5% or so.
Please note that "This is only for educational purpose, please manage your risk accordingly."
Hi friends.
Today im going to take a brief look at Bitcoin.
According to New Cryptocurrency market Catalyst , I mean
launching PayPal Stable coin , we can look at BTC chart Technically better.
So lets take a look:
1.After reaching price to the Middle line of drawn channel , it failed to break it.
so went approach lower channel line that overlapped with a strong...
The IWM ETF which tracks the Russel 2000 index put in an outside reversal, or bearish engulfing, candle today which eclipsed the 6 prior daily candles. When the body of a price candle completely engulfs the prior candle it is called a bearish engulfing candle. Since todays candle also engulfed the 5 candles prior to yesterdays it is called a bearish engulfing...
What started off as a strong move higher today with a slight gap at the open, ended with price filling the opening gap and finishing in the red for the day. In the process, SPY has put in an outside reversal, or bearish engulfing candle, which eclipsed the three prior daily candles. When the body of the current daily candle engulfs the previous daily candle it...
Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally...
Recently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time...
