Here is a bigger picture of what i see for EURUSD. So even when i want to take a long, is till see a more potential zone below. We can only act by what price presents. So the long from 1.08470 it is for me until otherwise. See the comment for 5min entry criteria.
I wan to use a 5min entry to catch the buys for the sells. While waiting, make sure to manage risk a trail SL when price has broken above 0.64975. I can see a potential entry here and go short only if price present and opportunity for me on the 5min. Mind you this zone can be used as liquidity to get early sellers in the market while it mitigates the upper zone...
NSE:TATAMOTORS has achieved a Higher High and entered into the All-Time High area. This is a reflection of a Strong Up-Trend. The expectation is price will continue its upward movement by creating Higher Highs and Higher Lows on the candlestick chart. Based on Fibonacci Calculations I predict that the Target will be 1014 which is approx. 60.10% Return on...
GBPAUD - there was a good correction to 0.5 FIBO which you could see on the chart. Also the zone of eclipse was so close to 200MA and diagonal resistance. The price reach out the supply zone which is strong one and if it breaks the zone, the possible entry should be taken in mind. The best entry is after retesting of the supply zone which may be will become demand...
Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and...
Good evening and i hope you are well. Quote from last week: Bulls got their major trend reversal and i conclude the bear trend from the 2023-12 over. I drew my next best guess on how this new trend could play out. It’s a small trend inside a bigger trading range, so it will probably be choppy and weak. Bulls managed to trade above the daily 20ema and made it...
Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago....
Interesting setup on NASDAQ:TSLA Price was bracketing for the last four days. The high level context is certainly bullish (daily uptrend, strong market) but bulls met strong resistance as they tried to close gap from January 24th. Two possible ways to play it LONG: either from range bottom with profit target at range high and above; or wait for bullish...
The GBP/USD exchange rate experienced a positive rebound the previous Friday, rising from the round figure of 1.2600 after touching a one-and-a-half-week low. This positive momentum continued into the following Monday, with spot prices reaching a multi-day peak in the range of 1.2660-1.2665 during the Asian session. However, the Relative Strength Index (RSI)...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22420 level and then possible upside rally up to 22540 level in today's session. in case nifty trades below 22370 level then the downside target can go up to the 22250 level.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level.also possible Reversal...
Good evening and i hope you are well. I let my thoughts go wild this week so have my tl;dr here: tl;dr: IMO this is the end of the long ongoing bull trend we had and the climactic moves at the end are not as rare as many think. That does not help you with shorts right now. Scalp long where big or many consecutive bull bars appear and wait for bears to show up...
Good evening and i hope you are well. I try to do BTC more regularly now. You can think of bitcoin what you want, but it’s a big enough market to follow the basic principles of human nature and therefore price action patterns. Frankly, i don’t care if you think this is going to 0 or 1.000.000. and you don’t have to either to trade it. bull case: Bulls got the...
The EUR/USD exchange rate continues to fluctuate within its daily range above the level of 1.0800 during Friday's American session. Economic data from the United States shows that the ISM Manufacturing PMI decreased more than expected in February, making it difficult for the US dollar to gain momentum. Nonetheless, the EUR/USD has found support around 1.0800 but...
Hi guys In the medium term, our view is for an upward trend. Especially if we look at the weekly time frame, we are on the verge of a medium-term bullish trend. But on lower time frames, it seems that the possibility of forming a downward trend similar to the scenario is very high. Support areas in downtrends are completely consumed. As long as the price area...
Hey everyone, I'm looking at the long-term 3-day time frame for CROUSDT. As you can see, the price has grown by approximately 150% from the bottom of 0.050. It's currently ranging at 0.092. I expect the price to continue to rise, after ranging or correcting, if the pullback process is completed. In the long term, it could reach the liquidity range of 0.12 and the...