The pair is currently correcting downwards, and as indicated on the chart, we can expect the E Wave to hit the 0.382, 0.5 or 0.618 Fibonacci levels at 1.07845, 1.07494, 1.07143, respectively.
EUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss...
Reasons why we are bullish for EURCHF: in the target area there is a large offset between the closing and opening price of an M5 candle. The markets usually work through these zones. on June 6, 2024, the market recovered at the 0.786% retracement, consolidating the recovery that had begun in recent days. At the same time, the retracement was exactly on a...
EUR/CAD is setting up for a lucrative short trade as it retraces to test the descending trend line resistance around the 1.4950 region. This technical pattern suggests a high-probability reversal, where traders can look for bearish entries. Target the first take-profit (TP1) at the immediate support level of 1.4700, and if the bearish momentum continues, aim for...
Followed previous analysis (May 27) and another retest of the 4.5% - 4.6% area took place. but the subsequent drop failed to create a new low below 4.33% level (due to the recent NFP data)! here's the new analysis: two important levels have been identified which are 4.33% and 4.63% . Crossing below 4.33% is bullish for #BTC and other coins while crossing above...
Here is what i think would happen in short term…first BTC will fill the FVG in upper blue zone and then move downward to catch the liquidity in lower blue zone…here 2 scenarios come into play, first is if BTC claims back above the range low and the trend line which will move up as it is depicted on chart or it will lose the trend line and a bearish retest of the...
If we manage to break through High Volume Area R1, then going through R2 and further will be more feasible, volume-wise. Last 4 trading days, Point Of Control has gone through higher highs, indicating an upside momentum. The DB (Day Before) was closed aggressively lower. However it left a think volume trace behind and POC is higher too. Fundamentally,...
OANDA:XAGUSD OANDA:XAUUSD The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look...
My plan is to enter a normal sized position on a strong break of the diagonal trendline and then go balls deep if the inverted head and shoulder is broken on a daily close. I think this is ready to go and might even be Monday gap up over that trendline. I will buy that if price stays there above the trendline for at least an hour. Notice that Friday was an inside...
Following previous analysis and with more than 20% drop from entry level, ENS hit 19.9 level as full TP #BTC #ENS #CRYPTO
Gold (XAU/USD) presents a compelling sell opportunity if the price retraces to the descending trend line around the 2350.00 region. Look for bearish entries at this level, targeting the initial support zone at 2285.50 as TP1. Should the downtrend continue, aim for TP2 at the ascending trend line, capturing further downside potential.
The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon...
EURNZD shows several signs of a potential uptrend after testing a key intraday support level. It had been trading within a downward channel before breaking through a resistance line and a horizontal level that has now turned into support. The price is currently retesting this broken structure, indicating a likely upward movement. The target levels to watch for...
With TP2 having been hit and despite the recent dump, he bullish structure is still maintained and higher targets are still active. p.s. your SL must be already at entry level at the moment. #BTC #STX #CRYPTO
I will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test. My bearish outlook is further reinforced because the weekly candle closed...
Trend Confirmation: Helps confirm the presence and direction of a trend. Timing Entries: Indicates optimal entry points based on the alignment and behavior of its three lines. Risk Management: Facilitates setting stop-loss orders and managing risk by using Alligator lines as reference points. Trade Confirmation: Used alongside other indicators to validate trade...
SLP recent monthly metrics is suggesting a huge price shift -- conveying a long term reversal to the upside is now currently on queue. Bear weight has diffused based on monthly data after waiting over a year. This is a huge hint that a significant upside price valuation is about to transpire. Take this with a grain of salt though as crypto is a volatile market....
SELL NZDUSD for trend reversal update STOP LOSS : 0.6113 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance...