Gold formed a beautiful ascending triangle in the one-hour timeframe and managed to break above its price to 2141 📈
We have a strong and important resistance zone at 2142 - 2148 where we may experience good selling opportunities.
Furthermore, gold is currently coming down towards the support at 2120. If this support holds and doesn't break, we can go long with a...
Just as I analysed the daily candle timeframe, we expected a bottom liquidity sweep down the 20's through till 2017 which has successfully taken place. Its now time for.the bulls to take over buying up the 40's
Major POI are in 44, 55 and the 70's
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⚪ Cardano (ADA) has exhibited the resilience of bulls defending the critical $0.23 demand zone, which notably acted as a safety net on multiple occasions, particularly in August and October.
⚪ The recent surge in ADA's price levels, culminating in a new higher high, serves as a promising indicator of a potential bullish trajectory. While the increase might not...
✅VIX fell again to retest the support of 12.78
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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On EURUSD, we have a bearish setup supported by a strong H1 trendline which started this morning after a price retracement following yesterday's negative news from the Eurozone. I've highlighted a yellow area where the price could retrace before pushing lower again. Of course, I haven't entered the trade since we will have US Dollar data in a few minutes, and I...
Hello,Traders!
DXY is trading in a strong
Uptrend along the rising
Support line but the price
Is still attempting to break the
Resistance level at 103.546
So while I am bullish biased
I think that we need to wait
For the breakout to happen
And get confirmed before
We enter the long trade
Wait!
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In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone...
I entered on USD/CAD trade after receiving double confirmations on the m15 chart with an FVG setup, setting my Stop Loss (SL), Take Profit (TP), and entry point. What do you think about it?
On USD/JPY, we have a bullish setup following the breakout of the trendline at the level of 140.80. At that level, I have marked a potential entry point corresponding to the retest of the trendline, a demand zone, and an FVG (I'm not sure about the meaning of "FVG" in this context). Therefore, the objective is a long trade with a target at the level of 145, as we...
On NZD/USD, we have a bullish setup where the price has followed the news and eurozone rates and retraced to the level of 0.6230. I expect a probable bounce as we have a resistance and a confirming trendline, along with higher highs and higher lows, and a supporting demand zone. Additionally, there is a supply level at 0.64, which would serve as the target for our...
Good morning traders, today I present this idea on GBP/USD. On this pair, we have a bullish setup after the news from Europe about the dollar. The market, while rising, broke through a supply zone, creating an important reaction area known as a "Forex48 block" on the M15 timeframe. If the price reaches this zone and provides the necessary confirmations on M15, I...
On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's...
On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for...
We have a potential trade on GBPAUD. The market has an uptrend after the NZD CPI, and I anticipate a retracement during the London session following the momentum of the Asian session, with price returning to the 1.9140 zone where we have a Fibonacci confluence. We should wait for proper confirmation on the H1 and M15 timeframes while managing the risk. Greetings...
Hello,Traders!
AUD-CHF went down and
Is retesting the rising support
From where I think we will
See a bullish rebound
Towards the target
Above at around 0.5956
Buy!
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✅EUR_USD is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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On USDCAD, we have a bullish setup with the price forming a bullish triangle pattern. The objective is to wait for the price to confirm the pattern with two H1 candles above the daily volumes and for the price to break out and then bounce off the bullish triangle. Therefore, a possible setup involves entering the market around the 1.3445 area, with a target set at...
