Hello, friends who love trading EURUSD! Today, we’re observing EURUSD continuing its downward trend, with the price currently hovering around 1.080. -Market Recap: Yesterday's Action: Following the news, EURUSD quickly surged and filled the gap but couldn’t sustain the upward momentum for long. Technical Outlook: Price Pattern: The pair is trading within a...
Hello traders ,what do you think about GOLD ?After Friday's drop and breaking the support zone gold is now nearing the next support zone .After the correction and pullback to the broken zone, it is expected to fall at least to the next levels If this post was useful to you, do not forget to like and comment.❤️
NASDAQ:TSLA has been consolidating for almost 4 years and is definitely ready for a breakout! +3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle...
Hello everyone, In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down. While demand from bargain hunters has boosted gold prices, the rise is capped by the strong U.S. dollar. Recent positive...
Gold prices fell back to $2,300 during the Asian session on Thursday. Gold prices felt the heat from the Fed's hawkish policy and Chairman Powell's comments, which offset weaker US inflation data and further underpinned the US Dollar's recovery. The daily chart of the XAU/USD pair is up for the third consecutive session, albeit a very modest gain. Positive...
BINANCE:NOTUSDT breaks the resistance of the descending wedge (bullish set-up) and forms consolidation inside the range 0.0169 - 0.0199. A retest of support or the previously broken pattern boundary before rising is possible. NOT under dump, after a strong rally, has eliminated some traders and may strengthen at the moment after the bulls hold the defense...
Technical Analysis: EUR/USD The risk of this trade is low because it is in the direction of the main market trend. But today CPI news causes a lot of TP and SL. {watch out} Entry prices: 1.08143 Profit limit: 1.07878 1.07378 Loss limit: 1.08442 Before using this signal and analysis, be sure to check your analysis chart. Attention!!! In these analyses, only...
The price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT is still in the accumulation phase on the daily chart, as the market approaches the support level for the fourth time. In order to trigger a genuine bullish move, I think it's possible that the price will need to break below the key level of 66,000. The market is currently...
Hello Personally, I'm looking gold to be bullish because today it didn't break 2306.09 full body. That's why I'm seeing that gold wants to go higher, it could pullback to 2312 and move higher from there. TP1: 2337 TP2: 2348 SL:2303 Please trade on your own risk. Good luck
Upon reviewing the chart for #Tesla stock, we see that the price is giving more weight to our analysis and is currently trading around $176. It seems likely that we will soon witness further declines. The potential downside targets for this analysis are $168, $139, and $119. (This analysis will be updated.) The Main Analysis : Please support me with your...
Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target. Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a...
Nasdaq (NDX) delivered an excellent buy signal last time we looked at it (May 30, see chart below) and is approaching our 19900 Target: The pace of this rise however has been very strong, certainly stronger than the December 2023, which we used as fractal comparison, and the price already reached the top (Higher Highs trend-line) of the 1.5 year Channel...
I've been waiting a while for this one and now it is time to make a first short entry. The elephant in the living room is the big bad bearish divergence on the week chart. Apparently not many can see these divergences that stick out like a sore thumb but they have been very useful in knowing when to take profit. The coloured bands are of Golden Window Fibonacci...
Hi everyone - I wanted to make a quick post with my thoughts on the next moves for AMEX:SPY using Elliott Wave Theory and Fibonacci Price/Time levels. I’m on my phone so I apologize if the chart screenshot looks cluttered. AMEX:SPY is currently in a Primary W5 that should conclude in August. Yesterday we saw a spike after CPI came in cooler than expected,...
NYSE:GME AlgoTradeAlert Momentum Algorithm Indicator We never short growth stocks or stocks with a lot of volatility. If we were short, we would have covered our short position and gone long. Instead, our strategy is to wait for the large green dot to enter a long position. On June 10, we got that large green dot and we entered into a long position. Yesterday at...
A well-calculated risk-reward ratio is essential for achieving success in trading. The signals indicated in the chart align with the bullish scenario discussed in the previous post. In this scenario, we assume that the wxy correction has concluded and an impulse wave 1 has already formed. Importantly, wave 2 should not exceed the height of wave 1, unlike wave B,...
EURUSD price is in the support zone 1.07230 if the price cannot break through. It is expected that in the short term there will be an opportunity to rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ASX:DRO represents a potential bearish opportunity with respect to a possible key reversal top formation detected. Stop loss for the trade (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of...