CADCHF is stuck between 2 key horizontal structures. The price formed a narrow range where trading volumes are currently accumulating. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios. If the price breaks and closes above 0.6532 the resistance of the range, it will be the important sign of strength of the...
Price has been trending in a channel but also completing a wave count within the channel. Waiting for a retest.
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price reached the resistance level and even entered to the seller zone, where started to decline inside the downward pennant. In this pattern, it fell to the support level, which coincided with the buyer zone and also reached the support line of the pennant,...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it soon broke $2320 level, which coincided with support area. Then price continued to grow in channel and later reached $2390 level, which soon broke also and continued move up. Soon, price left channel and...
After breaking yesterdays hourly range, DJ30 is continuing bullish today and looking for a new hourly top. We have a stronger pullback in M15, reversals in M1 and M5 that have not indicated continuing yet. I do not expect much indecisiveness of DJ30 today even though, the new hourly floor is a dominant zone.
This has already built an hourly top at a strong H4 level. Gold could be breaking above with that dynamic, we also have order volume below, which we do not know if gold is still interested in. At least the last order block should be reached by tonight or beginning of next week, even if gold wants to break further above. It could also be reversing until CAD and...
Gold broke and closed above a resistance line of a narrow accumulation range on a daily. Such a violation indicates the strength of the buyers and a highly probable bullish continuation. Next resistance - 2403 ❤️Please, support my work with like, thank you!❤️
FX:XAUUSD is supposedly ending the correction wave on the background of fundamentally weaker dollar. ECB rate and US news (Initial Jobless Claims & NonFarm Payrolls) ahead The European Central Bank is expected to cut interest rates for the first time since March 2016 at the end of its June policy meeting later today. Meanwhile, markets now have a better...
AMEX:SPY June 7, 2024 15 Minutes. As expected, a sideways day. Today holding 531.5-532 uptrend continues for a target 537-539. In weekly if we the move from 348 to 459 to 409, 1.618 extension for that move is 590. Hence i believed that as long as 480-490 was held we are in for a big move upwards.
TVC:GOLD has been trending in a bullish Parallel Channel for the last few weeks! Price tested the bottom of the channel and formed bullish divergence on 4 hr chart, indicating potential bullish momentum for the short term! Traders could look to trade the channel on smaller timeframes!
This technical analysis is based on the daily chart of BEAM/USDT on the Bybit exchange. This analysis draws two price channels and evaluates support and resistance levels. Price Channel Analysis: The previous bearish channel is broken out, and a bullish channel is formed. The suggested entry point is around 0.027905 USDT. Entry and Exit Points: Entry:...
NASDAQ:TSLA like many other stocks feel a bit stuck in the mud right now. Key levels I am looking at are $209, a sweep of the highs, grab the liquidity and head eventually towards $81.4. I don't like the $120, but it's there, and should be respected for the time. But given the structure of the chart, I wouldn't feel comfortable longing with size there.
1. Impuls: short 2. Correction: yes 3. Trigger: yes pattern deep grab 4H 4. Candle: no 5. Channel: yes bounce 6. Resistance/Support: channel 7. Trend: no 8. Brake out: no 9. Febo´s: no 10. EW Impulse: no 11. EMA 200 / SMA 50: no 12. Pattern: 4H deep grab 13. Fazit: short deep grab with trigger and channel bouned short 14. Solution: short trade
The move was too fast, and I was busy with gold, i might just leave gold for next week, its a little annoying ... :) Use RSI for entries.
BINANCE:ETHUSD breaks the resistance of consolidation pattern amid the news related to the approval of ETH-ETF. The reaction was premature, on rumors, and now the market is consolidating. Many wondered why there was not a strong surge and rally after the news. Reason: The rise from 3100 to 3850, almost 24% in a few hours, which followed due to the rumors about...
As i thought yesterday it would break the hourly top, but the current downtrend is taking too long for a retest, unless its a retest of some higher timeframe like daily or weekly which i do not know. So i m waiting for clear signs of reversal in M15/30 to pick up at the pink zone. If reversal is at a higher price, but you see clear pattern and higher high higher...
I try not to trade my personal biases, but I think NASDAQ:MSFT is well positioned for the future. That being said $337 keeps calling my name. I don't know if we ever get a chance to buy them, but I love that level. That being said if we ever see that level, it will likely have been caused a bigger macro event. Flat here, but alerts are on.
I am not a big fan of using trendline or channels for trading decisions. My strategy is in volume profiles & support/resistance. But looking at BTC there isn't much happening as we sit in no mans land. I'd be interested in longing at 53.7k, and potentially firing a short at 75-77k, but with smaller size given there is no data at those levels.