🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...
GBPUSD Recovery Efforts in Play Amid Volatile Conditions Following a notable decline yesterday, GBPUSD is showing signs of recovery as it approaches the 1.242 region. However, it's still premature to declare a definitive return to a bullish trend, as the long-term outlook remains under bearish control. Current technical analyses suggest a continuation of...
Hello dear friends, during the early hours of the last trading session on Friday, gold prices surged by $35, once again surpassing the $2400 resistance level. However, this upward trend could not be sustained, and prices quickly retreated to stabilize around the $2390 mark at the time of this writing. This marks the second rapid ascent and subsequent decline for...
Currently, the GBP/JPY pair is signaling a selling opportunity as it hovers around the 192.11 mark. This indicates a potential downward movement in the pair's value. Traders could consider setting multiple take-profit levels to capitalize on various price points, such as at 191.50, 191.30, and 190.50, to secure profits as the pair declines. Meanwhile, it's...
The current selling zone for USD/JPY is identified at 154.42. In this zone, traders may consider executing sell orders to capitalize on potential downward movements in the currency pair. Setting take-profit levels at 153.50, 153.00, and 152.00 allows traders to secure profits at different price points as the pair declines. These take-profit levels serve as...
"The gold market has shown a promising buy signal at a price of $2388.20. This indicates a favorable opportunity for investors to consider purchasing gold at this particular price point. With a targeted trajectory, aiming for $2400 and $2410, this buy signal suggests potential upward momentum in the market. However, it's crucial to mitigate risk, and setting a...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
The current selling zone for US oil stands at 8219.6. To maximize gains, consider setting take-profit levels at 8109.00, 8090.00, and 8000.00 respectively. These levels offer strategic exit points to secure profits as the market fluctuates. Additionally, implementing a stop-loss order at 8290.00 can help mitigate potential losses by automatically triggering a sale...
Today we cover: > counter trend trading > using the correct Gann Square > new set ups > and everything else that came to mind ;)
USD/JPY stabilizes around the 154.50 mark after recouping some of its daily losses on Friday. According to Reuters, a senior Iranian official stated there are no immediate plans for retaliation following Israeli airstrikes. This development coupled with hawkish comments from Federal Reserve officials on Thursday gave the US dollar a boost. The Reuters report...
Hello dear traders! Currently, ETHUSDT remains constrained below the old support level at around 3272 USD, since the market witnessed a previous price slide. This resistance level plays an important role in controlling the price; If the price breaks above this level, we will likely see a significant rally, while prices remaining below this level could continue to...
Hello all dear traders, what do you think about the next trend of world gold prices at the end of today's trading session. Let's review some notable news and plan our new day's strategy, everyone! Overall, the uptrend of XAUUSD remained intact without too many significant fluctuations. There was a time when gold reached 2410 USD and fell to 2373, marking a...
Hello SOLUSDT traders, let's discuss SOLUSDT! Currently, SOLUSDT has paused its sharp decline as the price has approached and received support at the level of 124.48. The price is now consolidating, and the future direction is still unclear, with two potential movement scenarios indicated on the chart. Which scenario do you think will occur? Personally, I am...
Today, BTCUSDT continues its downward corrective movement, trading around the EMA 34 and 89 lines, currently hovering around the $63,790 mark. My trading idea for BTCUSDT is as follows, with parameters marked on the chart: Sell BTCUSD: Stop Loss (SL): $65,000 USD Take Profit 1 (TP1): $62,100 USD Take Profit 2 (TP2): $59,700 USD. Please note that this is just a...
Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
#Bitcoin Update Bitcoin's price dropped quickly when news broke of a potential conflict between Israel and Iran. It nearly reached a support level but then started recovering fast. This shows that the market is optimistic, but we're still stuck in a price range, so it's best to wait for a breakout. If the price stays above this support level, we can expect a...
The significant recovery of the US Dollar (USD) has interrupted the EUR/USD's rebound process after it reached a peak around 1.0690 on Thursday. This currency pair declined below the 1.0640 level in Friday's Asian trading session. Based on technical analysis, the technical indicators are supporting the downward trend. The price of this pair is gradually...
EUR/USD has gained momentum and shown positive movements, rising above the 1.0650 level today. This improvement in risk sentiment follows a previous flight to safety, which weighed on the US dollar ahead of the weekend, boosting this currency pair. However, the upward trend of this pair may be short-lived as it remains constrained below the two EMA lines and the...