A quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...
📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for...
Nifty and Bank Nifty analysis and trade plan for 24th April
The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330
Technical analysis on the GBPUSD walking you through the process I use to make consistent predictions in the market. In this case the predicted level opens up potential trading opportunities for both bearish continuation traders looking to get short and/or bullish counter trend traders looking to get long. If you have any questions, comments or want to share you...
Nifty and Bank Nifty analysis and trade plan for tomorrow, Tuesday. 23rd April | #nifty #banknifty
FX:AUDUSD Preference: AUDUSD has been trending downward for the majority of the week. After consolidating and breaking above, we set a buy limit order at the double bottom on the 30-minute time frame and waited for this structural level to be retested. Our trade is now active. If this level holds, we could see a retest of the highs before a continuation of the...
TVC:USOIL Preference: Oil was in a downtrend until price retested the lows on the daily time frame. In this area, if the price fails to create a lower low, we could see a retest of the previous support level, which is now resistance. Alternative Scenario: "If the downward trend in the market continues with the same strong momentum as before, we may see a...
A little obit on how i came up with the trade idea.
Nifty and Bank Nifty analysis and trade plan for tomorrow, Friday. 19th April | #nifty #nse
Hi guys, I hope this finds you ok and that you've booked some profits up there :) If not... hope is not lost, although with hope I lost a lot of money in the past. That's how we all learned. So, BTC is about to go touch the Tenkan Sen Weekly and maybe the 3D Kijun Sen at about 52k due to the snowball effect. Watch the video, boost it if you enjoy it and...
The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish. We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH. Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci. If the price manages to trade above...
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been...
Good morning, fellow traders! ☀️☕️ Ready to dive into the world of trading? Check out my latest video where I break down the analysis on GOLD 📈💰. I'll be sharing my thoughts on what scenarios could unfold in the coming days. 📉📈 Don't forget to give it a thumbs up, hit that follow button, and take a peek at my profile for more insights! 📺👍 Let's make today a...
Overall structure is bearish on Monthly, Weekly, Daily and H4 but price is reaching a support level and we are looking for buy opportunity when it reach support level. We will buy the counter trend until it reaches the last support that was broken on the daily timeframe.
according to our analysis EURUSD has touched support level and the next step is to look for a buy entry. To place a buy order go to H1 for a good entry.
Currently in an uptrend, just watch to get a bit of context. Enjoy the weeken
I'm still neutral on bitcoin as we are already trading high, I want to wait a bit until market condition favor my trading style.