Hi Traders!
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The...
Hello Traders
check the analysis for GBPAUD
the GBPAUD is presenting a possible sell opportunity as we are currently observing a beautiful bearish Cypher pattern near the strong key market level of 1.8300. Additionally, we are at a strong supply zone where the market previously dropped 1000 points, indicating that this area may serve as a strong resistance to...
I start off identifying AUDJPY is on a prolonged uptrend both on the weekly and daily and has reached an equilibrium state. From this equilibrium state I have identified two possible scenarios, this is scenario one.
I expect price action to come back to the low, one last time and start forming a series of higher highs and higher lows until it reaches the...
Analysis of #GBPUSD
GBPUSD has a strong structure resistance level near 1.65500-1.2700 which will represent a strong place to sell GBPUSD.
if the market actually comes and tests my structure resistance zone it will also complete AB=CD bearish harmonic pattern which can be used to enter sell if the rules for entry are met
...
130 is a round number that many traders would be watching.
We also see a harmonic pattern to sell.
The trigger is on H1, M30 and M15 with divergence.
It also relates to our big picture for USDJPY.
Stop Loss 50 pips only.
Time Frame: 4H
Symbol: ETHUSDT
Entry: 2715.27
TP: 2426.05
SL: 2937.22
Bias: Short
For this instrument our bias is short for any short term trading or day trading. In the long term our bias is bullish but for next few weeks we do not see any bullish opportunity . So let's ride down.
As I say in my previous analysis we expect of gold to have a corrective B wave and from the next week we expect gold to go to 1900
all my analysis ( Elliot waves / Fibonacci RET / Trend lines / Resistant and Support ( still waiting for harmonic :D ) ) says that gold would stop between 1790 - 1800 and then it go for the C wave and Fibo PRO of A wave starting at...
Hello all! This is the last part of the DOLLAR (DXY) ANALYSIS trilogy. In this analysis, I looked at harmonic pattern formations in the DXY on the daily chart. I believe that the strengthening Dollar is coming to an end soon, probably in a week, two tops.
When you look at the chart, you'll see One Big, with green, and One Small, with black, Bullish ABCD pattern...
Excuse me, I haven't been feeling very good, but the way I see it, gold is very likely to be at 2200 in no time.
Risk: 0.01 by every 1k in your account.
