As it can be inferred from the chart, the GOLD is continuing its bearish rally. Massive bearish candles have broken a zone of structure and have come back to retest it. We are now opening SELL positions and aiming for the area plotted on the graph.
Happy trading, everyone!
AUDNZD reached a strong daily resistance on Friday.
To catch a pullback from the underlined structure,
wait for a bearish breakout of a rising channel on 4H.
While the market is within, it remains bullish.
First goal will be 1.0724
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The price has formed an ascending triangle and it has bounced off the lower boundary of it. We are now expecting the price to reach the upper boundary of it.
Feel free to share your thoughts and ideas in the comment section below, family!
Yesterday gold made a false breakout along the strong support trend.
There has not been a break in the trend yet.
I expect the instrument to rise to the resistance of 1874. and a further continuation of the movement to the channel border.
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The currency pair got into a tight consolidation right before the resistance level of 1.4244.
The trend is upward, I don't see any prerequisites for scrapping the movement.
Clear boundaries of the price channel.
Big goals that are clearly of interest to big players are ahead.
I expect further growth in the breakdown of the level 1.4244 and movement to the...
Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume
SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.
The Local S/R us current...
The currency pair was unable to break through the strong resistance and pass this obstacle as part of the local upward price channel.
As we can see, the internal channel was broken by the corrective movement along the global trend.
I expect the instrument to fall to the point of intersection of the strong support line - the border of the price channel and the...
Silver does not show anything that could be associated with a bearish trend change.
The instrument got into a long consolidation before the strong level of 28.33.
The trend channel has been broken, but there are no impulse downward movements.
Since outside the flat we have two lines, strong support and resistance, decreasing highs and rising lows, it is...
Price reacted at the support at 1844.77 with a strong bullish impulse and has been creating a corrective downside movement in a flag formation
Rejections were formed at the highlighted support zone with bullish momentum confirmations, creating possibilities for a breakout at the structure and an upside push
A further upside movement is possible towards 1880$
What do you see when compare the PA of Month Candlestick 2017 vs 2019 vs 2021? I believe BTC is siding way before he truly dump to around 12k -10k. It's not a good situation for holders are holding many Altcoins but I belive BTC in the long future still having chance to reach 96k - 126k.
My plan is waiting BTC reaches to 45k - 47k, then considering to take profit...
Hello my friends. This is an update of previous analysis of Bitcoin (below link), because its leader and orienter the whole market. Everything is clear on the chart for you like always. The price is in the range zone, So monitor the price's action in the circles . If the price breaks this resistance, I expect the growth in first scenario. Otherwise the second will...
Price had broken out a descended trendline and is currently making a retest at the recently broken out level.
Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE BITCOIN / U.S DOLLAR FROM THE 4 HOURLY CHART.
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