Preferred direction: BUY
Comment: Since last week, as well as earlier, we have maintained a confident long position on this currency pair, which we continue to do. The current trading week will be more eventful with the publication of economic data; we will be especially interested in inflation in the United States. You can also find long entry points around...
Hello,Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 22.468...
💹 Forex Quick Check: #GBPCHF
📉 Trend: REVERSAL
🚀 Action: SHORT @ 1.11363
🎯 TP: 1.10760
🔍 Insights: Hey traders. Welcome to Anna Trade Charts.
Here we had another analysis for #GBPCHF.
#GBPCHF is going up with momentum. This is the time when we can place our aggressive sell trade.
Here we can see that this goes with big bullish candle and now it must have to...
FOREXCOM:XAUUSD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart.
Idea: GOLD → When will the price come out of consolidation?
On D1 the market is still neutral, there is no strong news that would affect the...
After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count.
Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle
with E wave forming complex correction pattern
If the price does not go under 2012
this could be a start of the next move up to 2200-2300 area
The relationship between inflation, the U.S. dollar, and gold can be explained as follows:
High Inflation and a Strong Dollar:
- When inflation is high, it erodes the purchasing power of a currency. In response to high inflation, central banks may implement measures to control it, such as raising interest rates.
- Higher interest rates tend to attract foreign...
Dear Colleagues, I suppose the wave is in a triangle and is currently forming the last wave 5, which I expect in the area of 2019. Then I assume the revival of the upward movement with the aim to reach at least the resistance area 2064.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short silver in the short/mid term, buy long term.
With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes.
The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution...
The strategy I gave yesterday for gold was to go short on rallies. Yesterday's gold price trend also confirmed my view. Although gold returned orders in the evening, gold orders fell multiple times in 2027 yesterday. So I think the resistance of gold is below 2028, and I recommend still selling gold. The target is looking towards 2010-2005.
So my initial...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2039, which is an overlap resistance.
Our take profit will be at 2020, a support level.
The stop loss will be placed at 2052, above 127.2% FIbo extension
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2021.18, which is an overlap resistance.
Our take profit will be at 2008, an overlap support level.
The stop loss will be placed at 2031, which is a pullback resistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of...
INTRODUCTION - This is 02/12/24, 15-min bar, ultra-detailed, 16-hour trend map for FXOPEN XAUUSD spot gold ticker. This chart is expected to be useful until first vertical dashed line or 16 hours. If price disagrees meaningfully, then this map expires IMMEDIATELY. If price agrees, then recasting is required after 16 hours.
DETAILS - The previous #2 draft was...
– Monday Daily candle closed weak Bearish within 2020 level as price ranged within 4h timeframe. I’ll be looking for potential Buys above 2026.500 targeting 1h Resistance (2033.000) and 4h Strong Resistance (2037.600) same Buys ideas we’ve had on the previous Analysis. I’ll be looking for potential Sells below 2017.700 targeting 1h Support (2012.700) and retesting...
good evening gold gang, wow what an amazing analysis catching big moves today on gold. Pin point perfection. Gold gang eating good
We need to avoid the range highlighted in the box .. its rough. Leave it until it breaks out!
Im still favouring bearish action currently so id like to see closures down below the 2012 .. im gonna wait till we get down there before...
Gold is about to cross from a neutral technical 1D outlook (RSI = 45.543, MACD = -1.200, ADX = 26.629) to a bearish one as it got rejected on the 1D MA50, under which it will close for the third straight 1D candle. The 1D RSI suggests that this is a very slow medium term decline, as is evident by the 6 week Channel Down, that in the near term it will find a...
⭕️By examining the trend in the one-hour time frame, silver has an important key resistance in the range of 65.20-65.07.❌
🎯In general, this scenario is strengthened that the shortfall, provided that the mentioned resistance is maintained, will decrease to the support of the intermediate level in the range of 127.2% Fibo at $64.51, in the meantime, the support of...
Hey Everyone,
We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016.
EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't...
