The price of Galla currency, after breaking the mid-channel line and receiving a pullback, is ready for an upward movement towards the intersection of supply and the channel ceiling.
If the price stabilizes below the demand, the analysis has failed.
OTE stands for Optimal Trade Entry. It's our secret weapon.
OTE is the Fib level between 0.786 and 0.618. It is 0.702 and it has been my best friend in trading for a long time (apart from John lol).
It's a pretty clear long-term horizontal range in gold.
The break of a downtrend line suggests another test of the range top.
Here is a bullish scenario for what follows.
The Trade- enter at the breakout, add more on the pullback, cut losses if price moves back into the range or add more on the break of the high formed after the break - then ride it to 2200 and more...
As per (D) TF breakout & and analyzing with (W) & (M) TF's
Following Target is seen :-
1st Target 2114
2nd Target 2145
3rd Target 2174
4th Target 2234
Final Target is set for 2301
Pull back will be seen in middle of each target but overall as per monthly TF BULLs will be seen stronger.
I have added this pair in my portfolio as I spotted an entry based from my strategy.
What lies ahead with this pair merely depends on what the market will give me.
Ofcourse, I am hoping that the bias will be with me with this pair.
Stay tune for the outcome.
Greetings, fellow investors, and welcome traders!
I t's a video tutorial to share the knowledge behind my charts. If you're tuned, I'll continue sharing follow-up AI and FOREX content because there's much to learn from each other.
T oday, I'm excited to share with you a fascinating generative chart I've created using a deep learning neural AI. This advanced...
I'm expecting more bullish movement into December, There is liquidity residing above the 4600 level, looking for buy stops above 4600 to be taken out. Let's see what the following month has in store. Good luck traders.
JP Power has completed a long-term inverted Head and Shoulder pattern recently. Considering this positive move, we should expect a move up to double the current levels from 10.50.
Keep tracking the move and invest sensibly.
Datadog is a stock I've been monitoring for quite some time.
DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it.
I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I...
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold: The next milestone to watch out for is the 2023 high, reaching approximately $2070.
The price of gold continued to rise towards the end of last week, ultimately closing above the important threshold of $2000 per troy ounce. However, this increase in value was accompanied by a decrease in open...
How Did the Cup and Handle Pattern Form?
The cup and handle formation appears when there has been an upward movement pattern. This is a bullish upward continued pattern.
The trend is confirmed as cup and handle formation only when the stock price surpasses the resistance level and shows an upward movement. Only then can a trader get a confirmation that the higher...
✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November
Prices are in a long-term upward trend at the end of the year. During the week, the price will adjust downward after reaching the resistance area but will continue to increase to reach a new peak
Based on the resistance and support areas of...
- The chart is pretty self-explanatory.
- If you look at the PE, It has come down substantially from about 100.
- The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove.
- Invest with caution as Investors are getting greedy post the bull run.
What are your thoughts? Leave us a comment.