This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
SPDR Select Sector Fund – Healthcare Index AMEX:XLV The chart speaks for itself, we have our breakout levels and our break down levels. We enter on a breakout and set a stop 5% under that support and we exit and or short if we fall under the two underside support levels. Below I outline some reasons why the healthcare sector is worth paying attention too....
Bitcoin is in a parallel channel in an uptrend on the 4h chart. A breakout targets 50k on the dot. A breakdown targets 38.7k, which is near middle of a support level that sits between 36.5 and 40k.
FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen. Globally,...
FX:USDCAD is forming a local resistance level at 1.3364 and pre-breakdown consolidation before the news. There is a chance that price could consolidate. On D1 we see the formation of a global sideways range. Hence, we are using a range trading strategy in the global perspective. A false break of support forms a signal that price is now heading upwards....
Top-down analysis for Gold. Important key levels. Potential scenarios. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
FX:USDCAD is in a Parallel Down Trend below the 50 day moving average. Wait for a break of the down trend for longs, and cover short positions if it breaks. In technical analysis, a parallel downtrend refers to a price movement pattern where the highs and lows of an asset's price form parallel lines on a chart, indicating a consistent downward trend. Here are...
CRYPTO:OMUSD is in a Bullish Parallel Uptrend, wait for this to break before shorting or taking profits. In technical analysis, a parallel uptrend refers to a price movement pattern where the highs and lows of an asset's price form parallel lines on a chart, indicating a consistent upward trend. Here are some key characteristics and considerations related to a...
SOL has bounced from the bottom support of the parallel channel. With BTC showing strength, SOL can very easily see some strong growth from this point. With a stop below the most recent lows we can construct a trade with a very decent R/R ratio of 5.5. A more bullish bet would be to wait for the price to touch the top resistance of the channel. I chose to keep...
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support zone and then rebounded down to the trend line. After this, the Euro started to move up in an upward channel, where it rose to the support level and soon broke it, but at once fell back to the support zone. Then price finally broke this level and then made impulse up to the...
Ethereum is very bullish, in my opinion. We see that the price went below the parallel channel, but there is no bearish follow-through. In my opinion, this is a bear trap, and we will continue to go higher. 27% pump is my net target; take profit at the top of the trendline, as you can see in the picture. The good news is that the ABC correction has been completed...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few days ago started to trades in an upward channel, where it first rebounded from the support line and made impulse up to the resistance line, breaking the support level, which coincided with the buyer zone. After this movement, Gold made a correction to...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the current support level, which coincided with the support area and rose to the resistance level, but then it rebounded and started to decline in the wedge. Euro in a short time declined until to support line, breaking the 1.0900 and 1.0780...
Bitcoin is ready to go higher. The price is inside this ascending parallel channel, and the bullish uptrend is intact. Usually, when you see an ascending channel on Bitcoin during a huge uptrend, it breaks to the upside. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful...
EURNZD is testing a resistance of a horizontal daily range. The price formed a double top pattern on that on a 4H time frame. I believe that we can anticipate a bearish movement soon. Goals will be 1.750 / 1.745 ❤️Please, support my work with like, thank you!❤️
GBPJPY is trading within a wide horizontal range on a daily. The price is currently testing its resistance. On an hourly time frame, we can see how the pair was weakening after it started to approach the underlined blue area. After a strong bullish impulse, the price formed a rising channel. Test of structure triggered a strong bearish reaction and the price...
Hello Traders, welcome to today's analysis of S&P500. -------- Explanation of my chart analysis: The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the...
👋Hi everyone (Reading time less than 3 minutes⏰) . 📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 . 💡I used the ...