Dear traders! On D1 we see the trend has changed then the market moved into the adjustment and distribution phase and reached 66,000 USD. Accordingly, the resistance area at 2350 USD continues to hold the price amid corrections and sell-offs. But! There are signs that the triple top pattern is gradually forming (with 4 waves confirmed by the market around the...
Greetings Traders! Analyzing Bearish Institutional Order Flow At the moment, I am observing continuous bearish institutional order flow stepping into the market to reach sell-side objectives. I am selling price action off the M15 bearish order block, which is strong due to an inefficiency (FVG & liquidity void) resting below it. As price reached into the...
Dear traders! EURUSD is currently in a recovery phase with the bias towards a correction, receiving support at 1.0725. However, overcoming the 1.0900 resistance seems challenging and still on target. Speaking of impactful news: the emerging economic recovery in the Eurozone, combined with the slowdown in the US economy, should bring some support to the...
Dear traders! On the 4-hour chart we see a trend change then the market entered a consolidation phase below the strong resistance level of 72,000 USD and reached 66,000 USD. Yesterday, BTC rallied a bit on the strength of the CPI but the fundamental reaction may have exhausted itself as seen against the $70,000 resistance level. Personally, I appreciate that the...
Dear traders! It's time to sell gold. A quick test of the 2307 support level and a return to the key resistance level of 2320-2323 would be a good entry point for gold. Sell target targets 2300 USD for a big strike. 2% rule for account management! Good luck
Dear traders! EURUSD corrects previous losses following yesterday's CPI news. That can be seen compared to the session that broke out of the 1.0800 resistance level and reached 1.0852. But overall, the reaction at the 1.0852 resistance area brought the market quickly back to the important support area and formed a classic (bullish) pattern. At the time of...
Dear traders! GBP/USD edged lower on Thursday amid increased USD-inspired buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. Before the weekend as long as the daily close above the 1.2800 mark will set the stage for a further upward move. In the short term, GU is likely to gain further upside but a close below...
Greetings, Traders! Join me in today's video for an in-depth analysis of GBPUSD and DXY, where we'll explore key expectations for today's and tomorrow's trading sessions, as well as summarize this week's trends. This analysis is pivotal as it sets the tone for next week's trading. We've reached a critical juncture on both the DXY and GBPUSD charts, making it...
Dear traders! GBP/USD retreated from session highs but held above 1.2700 during the European session on Tuesday. The pair's near-term technical outlook highlights a buildup of bearish momentum. In the short term, if momentum sustains above 1.271 then the market will see a recovery but remain capped below 1.2800.
Dear traders! Overall, Bitcoin is still trying to create a wave of recovery after hitting the $66,000 support mark. But the upward momentum so far appears to be weak as buyers lack motivation to overcome resistance at $67,600. This is followed by the next key resistance level which could be at $68,500. There is also a connecting bearish trend line forming with...
Dear traders! Just like my previous expectation, EURUSD, after being rejected at the 1.0732 support zone and the bulls tried to hold on, the price has recovered with a corrective trend. According to the Fibonacci tool from Trading View, it is expected that if the momentum increases, the next EU recovery points will be 0.618 (i.e. 1.0802) and 0.5 (i.e. 1.0824) and...
Dear traders! The Dollar Index price is currently falling near solid support at 104.97 including several old peaks that appeared at that height. The blue 89 EMA simple moving average also located at 104.80 will likely provide some support. On the downside, a decisive break below support at 104.97 would signal a downside continuation to a possible target at the...
Dear traders, EUR/USD is having difficulty holding the 1.0800 support level recently. The upside is limited above this support level as rising political uncertainty in the EU, following the snap election in France, weighs on the Euro. Meanwhile, upbeat US NFP data tempered Fed rate cut expectations, adding legs to the US Dollar's rally. EU Sentix data...
Dear traders! SOLUSDT 2 TOP AND BOTTOM detected (this generally indicates strong buying momentum). And the buying pressure is strong at 152.00 USD - 150.00 in the next bull run! It is also the previous price resistance structure. I'm personally targeting a buy to 162.00 right now. Find a lower timeframe to enter Good luck!
Dear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy...
Greetings Traders! What to Expect in Today's CPI Release At the moment, GBPUSD is showing a relationship with bullish order blocks. We observe that after buy stops (external range liquidity) have been taken, the market moves into bullish order blocks (internal range liquidity), and these order blocks are consistently supporting the price. This indicates that...
Dear traders! XAUUSD is consolidating above the $2308 level, but at the same time a descending wedge is forming. Theoretically, the price should break the support, which would constitute a breakout at the 2308 level. On H1, the support level 2308-2308 formed and the price has been pressing towards the support level for several hours, which increases the...
Dear friends! SOLUSDT breaks out of downtrend resistance. This is the classic model. Price has found resistance at 175.00 and is likely to correct in the short term with the overall backdrop being positive and buying the pullback Plan A: buy the breakout above 175.00 if a new high is made Plan B: buy the dip back at 168.00 or slightly lower. It is expected that...