In time H4 and D1, it is moving in an upward channel, which can enter the specified support range to continue the upward trend after the failure of the dynamic trigger. If the green box area is broken, it should enter the reverse position until the bottom area of the channel.
We have bullish signal on USOil H1 chart, Risk reward 1/2. Bulls formation is clear, i think they can renew current resistance...
Gold rebounded towards $2330 after an unsuccessful attempt to settle below the $2300 level. From the technical point of view, gold received strong support in the $2295 – $2305 range. Gold completed a 50% retracement today with a low of 2,291 before buyers took control and ran the precious metal up to a high of 2,334, at the time of this writing. Earlier in...
Price has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 0.64891 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.64568 Why we like it: There is a pullback support level Take profit:...
Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.71052 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.71720 Why we like it: There is a...
EUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.65020 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.65572 Why we like it: There is a pullback resistance...
In the daily time, it moved up after a complete 5-wave cycle, which is currently correcting the previous movement wave in a complex three-wave cycle. The last correction log after the breaking of the support area that corrected itself at 61.8 the previous wave has broken the area downwards, which is currently a resistance area for it. This upward correction wave...
Hey There on 1htF the US30 looking for buy opportunity here 38.400 and til valid rise upside untill ourp resistance support 39400 And then we can sell opportunity immediately back side till 38100 so we can use this circle and continue make target
Hey there on 1htF the Gold has rebound from 2311 and 2317 on Wednesday so we can now see a dip more from 2327 XAU/USD trades at $2,327 and has gained 0.28%. The Middle East conflict seems to have de-escalated following the fire’s interchange between Iran and Israel. Expectations for a Federal Reserve (Fed) rate cut in June and July vanished as most market...
Gold prices suffered their biggest one-day drop in nearly two years on Monday. what can I say? This is crazy. Instead of first covering the gap and then falling as we expected, it fell directly, causing long losses. The recovery margin of the rebound is very small. It can be said that it rises quickly and falls quickly! But that’s okay, we can easily make it...
EUR/USD is still bounded in range trading above 1.0601 and intraday bias remains neutral. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0535 next. Nevertheless, firm break of 1.0723 will bring stronger rebound to 55 D...
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move. The chart indicates that wave (4) is retracing...
Price should be retrace from 0.8921 because there is a FVG visible. then next possible target area is 0.8955
Harmonic Pattern Formation: Anti-Butterfly (XABCD) NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame. The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area. Confluence with Trendline and Fibonacci Level: The Anti-Butterfly pattern is accompanied by a...
EURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level. Trendline Analysis: Additionally, there...
By checking the gold chart in the 1-hour time frame, we can see that after growing to $2331, the price went down and corrected to $2312! By stabilizing the price below the range of $2316, we can expect more fall from gold! The possible targets of this drop are $2309, $2303 and $2284 respectively! If the price drops to $2303, we will probably see a relative demand...
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price moved to higher targets exactly as we expected, and we have seen +90 pips yield up to this moment! As you can see on the chart, the price has currently reached a supply range and that is why the initial reaction to it was negative! Therse is a possibility of price correction up...
By checking the #euro_dollar chart in the 2-hour time frame, we can see that exactly as we expected, the price entered the desired demand range and started to grow from the same zone, and with more than 70 pips of yield, it was able to grow above 1.069! I still believe that by maintaining the support of the 1.064 range, the price can penetrate to higher levels and...