Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the...
In this article, I will discuss the head and shoulders reversal pattern observed in NVIDIA stock. Recently, the stock has experienced a significant uptrend, rising approximately 48% after the completion of a larger inverted head and shoulders pattern. However, recent price action on lower timeframes suggests a smaller head and shoulders pattern is forming,...
Traders, I said it all in the title. Yes, the dollar has now conclusively formed a very ominous Head and Shoulders pattern. The dollar will die once (not if) it breaks that neckline. But do I think that is going to happen immediately. I think you all know the answer. News has hinted at a Fed rate hike pause this week. Next week another news story will come out. I...
Yesterday we saw drop to 1.0830 and recover. Current levels are important resistance from which we may see a pullback. We will look for new EURUSD trades after tomorrow's news. Targeting support and retracement will provide entry opportunities. We do not consider trades at these levels and prefer to wait for confirmation!
Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the...
Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.
Update of the previous parralel channels post . So far both our channels have played out well, apart from the retest and rejection from our green channel. If the red channel plays out like the others we should start to see a steeper decline from this point on. 🤞 This would also fit the narrative of the cypher harmonic Iv been watching for (see other posts on my...
OANDA:EURUSD Hi , trader's .. As per technical analysis , it's visible that market is near to major resistance price can possibly form double top which can lead market to downside As price reject from this important resistance there is possible chance of Hanging man or doji candle formation Any reversal shape candle will be helpful for bear's to take...
I will wait till the end of this hour to see how the candle will be closed. there is 2 pivots line Weekly and Monthly that did not help as support.. price broke down and now testing it as a resistance (or you can call it support of down move) this is my 1H view
Last week ECB announced the Interest rate, now is FED's turn. A new increase up to 5% is expected and this is the most important news at the moment. Often before such news the direction is unclear and we see misleading movements. In such a case, it is advisable to wait for confirmation and passage of the news before entering into trades. The more likely...
Apologies for the click-baity title, but I did want to get your attention to make (once again) my point that inflation is ON now and that the FED has actually pivoted while many are watching and don't see it that way. Let me explain. Back when the FED started raising rates rapidly I grew worried that at this unprecedented pace of rate hikes, something would...
EURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
The FED showed its hand and backstopping the banks. Market is pricing in 25bp and pause for this months FOMC Here are my targets above on spy: Mar9 GAP 391.56 200D MA: 393.24 SINCE QE POC: 395.29 20D MA: 401.43 back to 25bp: 407.45 FEB16 GAP: 408.14 FEB2 HIGH: 418.31 AUG 19 TWBB GAP: 422.14 AUG18 TWBB GAP: 426.86
SUPPORT: $1.60 RESISTANCE: $3.20 Targets on chart for both scenarios. As the sun set over the sprawling city, a gentleman sat quietly in his study, watching the ticker tape on his desk. The name on the tape read "OPUSDT", a curious name for a most curious asset. The gentleman had been keeping an eye on this asset for some time now, and despite his initial...
EURCHF If the price falls to the support zone there will be a violent rally targeting the top
XAUUSD used pivot and the test was retested at the level of pivot and gold fell to 1800 and I am sure of this analysis
Today will be announced FOMC minutes. This news may lead to bigger fluctuations. Yesterday EURUSD failed to reach the sell zone and pulled back from lower values. We expect bearish move to continue towards 1,0585, and in case of breakout to reach 1,0515. Enormous fluctuations are possible during the news , that’s why lower your risk.