What can we see? Divergence of Rsi on long period of time, because of it i think we have buyers weakness.
+ The price is at the local resistance level, now
Try to short it with short stop-orders.
Good luck have Fun!
UPL is in a upward channel ... in the resistance zone also consolidating .. possible both scenario upward breakout
or back to support level ( indicated in red line) buy only if candles closes above the channel middle line..
consolidate for some time in red zone ... goes towards the last support line to test the level and also to increase the buying...
XAU/USD currently stops its uptrend by not creating the new HH in the previous structure.
However, it is creating a new HH in a new formation.
In recent days, the price kept consolidating among the supply and demand zone as shown.
Now we're looking for a retest to 1747.85 and a down to 1657.5.
Or breakout to 1781.64 and have consolidation in that major supply...
Bitcoin is currently standing between the weekly open and monthly open levels. Quick analysis of the levels anticipates the following levels:
March Open - 8523
April Open - 6412
Weekly Open (20 Apr '20) - 7121
Yearly Open - 7195
In case of a candle close above 7450 - 7500 it is quite certain to expect the next zone at 7600 - 8100 to act...
Before the breakdown of a strong level that we've met before. Next test level 0.035
Stand down from the level. Continue lateral movement
Friends, thanks for your likes and comments!
Good luck with trading!
I am keeping a close watch on the 1.82550 level on Euraud if i isn’t able to break beyond that level we will see a nice push to the downside I am keeping a close watch on this pair which can give a good Risk to reward position for a short 1.75550 will be a good area to eye for take profits. Let’s sit on the sidelines and watch this pair close this week
Gold Currently playing from these levels I am watching closely amongst these blue highlighted levels before I execute a trade we have some good news updates to release this week a lot of tension between Russia and Saudi Arabia over oli prices so we will see a big move on Gold this week.
now is just about zones ahead to break. We have a confirmed bullish trend after the strong support breakout, so it should remain bullish for a bit. The only thing is the great amount of liquidity levels ahead from the previous structure, look at the chart and look at the history (daily and weekly timeframe) and see how it repeats itself.
let's take a look at the USDCAD here, about a month ago it was at the very same level, and after NFP and Bank of Canada interest rates news hit, it came down a lot of pips, not because of the news (I do not follow or trade the news) but because of a bearish structure and facing a strong resistance. Today we have the same resistance holding, teacup...
Looking at the Monthly cycle is there potential for a high to be created before the upcoming election ?
If the conservatives retain their lead at the polls and the Brexit Party refrain from contesting every seat, we could well see a cycle high form at previous structure level around 1.4200 towards the end of November.
A breakout opportunity is forming on the WTICOUSD.
The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s.
The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming.
Remember to be patient and always check...