This M formation appears on the 2 and 4 hour charts and is usually bearish. We see that price came down to $0.036, corresponding to the 0.618 Fib retracement, which adds to the likelihood that this is a bull trap. We see the same pattern printed in the RSI , which I find incredibly reliable. And We see bearish cross overs in several short term time frames up to 4...
GBP/JPY remained bullish, strongly bullish on candles from the weekly uptrend, reversing the candlestick pattern when rejecting support levels. There is also no major news tomorrow, and profit taking on local resistance, profit taking in the daily ATR range. Buy/sell indicator confirmed, 2% risk, 1:1 risk ratio
The market has been trading above a bullish trendline since March 2024 ; the mid-term trend is then bullish. Lately, the market has registered a strong bullish acceleration that drove prices to the 171.591 level. However, as the BOJ moved towards the end of the negative rates era, investors have quickly regained appetite for the Japanese Yen, which resulted in a...
GBPUSD mounted a moderate comeback on Wednesday, bouncing off support in the 1.2430 region. If the pair extends its rebound in the coming trading days, resistance awaits at 1.2525, followed by 1.2575 near the 200-day simple moving average. On continued strength, the next key level to watch is 1.2645. Alternatively, if sellers return and trigger a market selloff,...
DOLLAR OBSERVATIONS As price continues its downward trajectory, it has shifted its trend to the downside, leaving behind clear supply zones. One of these zones was previously identified and respected as per last week's forecast. I anticipate this short-term bearish trend to persist until it reaches the 104.200 mark. At that point, I expect a bullish reversal to...
The chart is self-explanatory as always :) ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too...
XAU/USD Sell 2360.050 SL : 2363.639 TP: 2352.593 R:R 1:2 If you have any questions, please comment here
🎯 The chart says it all. Keeping it simple as always. 🎯 The price has remained within a range for quite some time. 🎯 We're approaching the support zone defended by the 200 WEMA 🎯 It will be interesting to see how the price reacts from that point. 🎯 Also, we await the results for FY 24. ⚠️Disclaimer: We are not registered advisors. The views expressed here are...
The chart should tell you everything you need to know about NSE:SUNPHARMA Some additional Points for the regular readers: 🎯 The previous day i.e 31-10-2023 saw a huge volume spurt with high delivery Volume on retest. 🎯 The 200 DEMA and 50 WEMA guard the support zone 🎯 JP Morgan has added Sun Pharma to its EM Model portfolio Do appreciate our efforts with a...
The chart is pretty self-explanatory as always :) What do you make of this price action? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or...
K3 verified that a strong bearish motive wave had started from K1. If K4 couldn’t close upon K3 to interrupt it. the risk will sharply increase, The following candles will likely breaking down the potential support. If K4 could close upon K3. It is still possible that it’s just a bullish large scale consolidation process here. Buy-59555/Stop-58555/Target-72000
the script is going through a complex correction which would be difficult to trade. as per the EW analysis the wave X is in progress in which wave c can unfold in the coming days. this is supported by the channel technique which is at the bottom now with good risk reward ratio.
Polkadot has again reached the zone of EMAs and is currently looking pretty strong. We are now keeping an eye on a potential rejection from our current zone. If we get one, movement to lower zones will start (as it has been after rejecting EMAs). Swallow Team
NYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential. Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token...
EU shares a similar bias with GU, as they exhibit comparable movements. Therefore, I'll be focusing on potential buying opportunities this week, particularly from either the 6hr demand zone or the one just below it. Given the presence of an equal low beneath the initial demand, it wouldn't be surprising if this level is breached to reach the subsequent demand...
The divergence at the bottom of this chart will tell everything. I think the best investment point is in the range of 0.80 and 0.75. Be ready to fly. Time analysis for the next two months to achieve his goals
Gold is looming towards 2514 with incessant rally for those who are expecting a bearish move. There is no sign of Divergence forming as well. The trend seems continuing. There is a possibility of forming PRZ at 2514 else 3060 would be the new target. This is not a financial Advice just DYOR.
- ETH looking for a Liquidity sweep - Short entry in the imbalance targetting the low (Sellside Liquidity)