Gold at very important point here. Gold seems to be accumulating here at resistance. If it breaks resisitance look for first take profit about 1874 and then if this resistance breaks the 1900-1910. If current resistance not break then look for pull back and another attempt with this set up. Targets are all fib extension 1.272 and 1.618.
Recent developments on LTCUSDT have not been much, lagging behind the broader market in general. From a technical stand point it needs to break above the weekly resistance zone for an impulse move.
Points to consider,
- Immediate trend bullish
- Resistance multiple confluences
- RSI above 50
- Stochastics buy cross (larger time...
Today’s Technical Analysis will be on a currency pair - GBPUSD, with a strong oversold bounce, now left trading within a small range.
Points to consider,
- Macro trend bearish
- Structural resistance confluence
- Support confluence
- RSI testing resistance
- Stochastics in lower regions
- Volume influx evident
GBPUSD has been...
reasons to look for a trend reversal can be found in the fib trend based extention 1.0-1.23 together with the 0.77 fib retracement of the upmove.
all in all the price acount to the downside looks very corrective so i expect an impulse to come sooner or later.
watch out for whatever price action you like to trade or look for structural patterns, break out of...
kiwi formed a double top at an interesting price level where it met the decending trandline and historical lstructure (look left) pkus finished an common upmove extention
now formed new low and is retracing maybe to the 618 so you can tarde it as a 2618 trade with stopploss above the doubletop.
use piice action to find entry and confirmation (or...
in gold we have Two Pitchforks can suppoert the price and pick the price up,also we have fiboextention and expansion that in 200% the price has reacted ,and also we have a support for 1 year ago and is a good one and we can trust it.my idea is long in middle term the first tp is1311 and the sl is breaking the 1236 powerfully,
Hi Traders, this pair is currently bullish as shown on the daily.
Dropping down to the 4hr timeframe, I have identified an interesting area of support.
This support zone is backed by fib confluence and a potential ABCD completion.
If I get the right entry reasons, this presents an opportunity to go long.
Besides that, we have a bat pattern completing within...
A Wave 2 ZigZag has completed at the .618 retracment of Wave 1 which is a strong indication the correction has complete. The price has already made a bounce from this level and seems to be in a correction which has probably has further downside before the up move. This initial bounce could be the beginning of a Wave 3. The larger picture shows this Wave 3 could be...
we just saw now on the chart a double bottom which is a great signal for a buy
however we will be more cautions and we will wait for a higher high
and then we go for a buy to get the 127 extension for 189 pips
after rallying into the 1.618 extension and hitting overbought territory it's safe to expect a downturn on this breakout, when setting up a Fibonacci retracement we can see that the market is looking for a support at the 0.382 where market had previous resistance, when hitting the 0.382 it would be safe to assume we could be looking for a trend continuation
Bias for gold at the minute is short. if we can get up to around the Fibonacci confluence zones then i will be look for multiple rejections to signify were going lower. if we get the signals we could be heading down to 1120
Nice Bearish run On Eur/Usd as we did hit the D extention!!
We also are retesting backside of bear trend that once broke and are extremely close to Monthly Support
Great Risk reward trade as we pull back up to retest broken support.
Hello Traders ,
We have a potential Cypher Pattern if price pulls down to our entry level @ 1.3072
This is a trend continuation trade. I am looking at our entry level acts as an area of minor and major support.
Target 1@ 1.3135 (63 pips from entry)
Target 2 @ 1.3179 (107 pips from entry)
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