Throughout the first day of the new week EURUSD remained consolidated at the levels of 1.0960/85.
Today at 6 o'clock GMT we expect data on Industrial Production for the month of August in Germany, with expectations for a growth of 0.8% compared to the previous month, where we had a drop of -2.4%.
The Eurogroup Meeting is another key event of the day that is likely...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge.
In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below.
Price made a fake breakout of $2520 level, but...
"Your income is directly related to your philosophy, not the economy." — Jim Rohn
This emphasizes the importance of mindset and attitude in achieving financial success.
We have orders sitting at the the top, you probably could see them if you were using book map
so I would buy and set a trailing stop loss as price rises up
VWAP will help us enter and exit...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line.
Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge.
Next, EUR corrected, after...
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a...
NOTE: I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
Wti crude oil is has move in bearish direction and has broken its support also going to retest its broke below resistance level also 50 SMA is showing us on 1H a bearish trend and that bearish move is likely to continue
I'm going to be selling the Euro, I see a lot of momentum to the downside and this break of structure confirms that for me.
I will post more details of this trade as I go.
Price made false breakout of previous weekly high (orange line) and break the 4H structure (white line), so I would expect to see price distribute lower, potentially to previous week low (orange line).
Entry on 1H TF, risk not more than 1% on any trade.
Gold could be a huge sell as gold has shown weakness on Resistance level now gold is going to fill up an FVG which is almost done so we will be selling gold over 2510 level that is a great physiological level to sell gold
Usd chf sell idea is based on Some considerations as we can see the rally downwards has made its retracement to 68.2% level of resistance on H4 and after retracement the pair has started to move into its direction now the price is heading towards its support level and will start to rise if it gets support on this level otherwise if price breaks below it will go...
I've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries:
First Entry: At the top of the rising wedge, with an entry at 189.520.
Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the...
Bias as of drawing this idea is Bearish...
62K appears to be holding resistance as price falls to test for support.
A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k.
Finding support above 60k would change bias...
70k would also have to be broken and tested for support for any continuation up.
I will add nothing except that it will go to the aim in two possible ways during the next 6-9 months.
Does not constitute a recommendation.
#furoreggs #investing #currency #idea #forecast #trading #analysis
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I believe we will see a bullish continuation for Bitcoin in the coming fall of 2024. This prediction is supported by several key factors, including the anticipated rate cuts by central banks and an overall positive market sentiment.
Historically, rate cuts have led to increased liquidity in the market, which often boosts the prices of risk assets like Bitcoin....
