I am hoping that STEPN/GMT will make a breakout before it can go any lower. The current level is the key zone of buyers for many days. Thus, there will be not many sellers around. Cheer
As we earlier discussed, Dollar index reached a major weekly structure resistance. The price is coiling on that for a couple of days already. Analyzing a daily time frame, I spotted a classic inside bar formation. Technically speaking daily candles are currently trading within the range of the 28th of April candle. It looks like the market participants are...
Hey traders, EURNZD formed a triple top formation on a strong intraday structure resistance. The price successfully broke and closed below its neckline and now I expect a further bearish continuation. Initial target - 1.611 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, EURCAD is trading in a bearish trend. Setting a new structure low last week, the pair retraced to strong resistance. On that, the price formed multiple dodji candles, and then the pair formed a double top formation. Its neckline breakout confirms a highly probable bearish continuation. I expect a down move to 1.34 ❤️If you have any questions,...
Price has rejected main resistance level, 4H candle just closed as bearish engulfing so I'm expecting to price comes down to the previous low level since the main pattern on Daily and weekly are channel UP I believe it will touched there and bounced back up.
AUDCAD looks very oversold. After the price was coiling within a falling wedge pattern, it broke and closed its resistance on an hourly time frame. Now the price may bounce to 0.9115 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Copper reached a very peculiar confluence zone: we see a perfect match between a horizontal daily demand area, 618 and 786 retracement levels of the last two bullish impulses. Analyzing the candlesticks, we may spot a nice dodji candle being formed on that structure. Then, analyzing an intraday perspective, I spotted a bullish breakout of a falling wedge...
On a today's live stream we discussed a potential pullback trade on GBPCHF: The market is taking off from a key level. The price formed a double bottom with a higher low and broke and closed above its neckline. Now I expect a bullish move to 1.223 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Sell on EURUSD. EURUSD has made significant movement towards the downside. So I am trying to capitalize on all movements even small ones. Retouch entry with 39 pip stop loss above High.
Yesterday price formed resistance and continued to go bearish to retest the low that was created the day prior. I believe that price is currently ranging on the 1hr TF and can break either way. If price breaks and closes either way above or below the key levels, I will look to place a trade along with the market open volume. The overall trend on the higher...
Price has been bearish and broke below key levels. Currently the price is in a range, but a break above can continue to at least the target that is mapped out. The overall trend is bullish on the HTF but Gold has been in a retracement. If price can hold this level of support and break above its previous highs, we can see a continuation to the upside. Considering...
EURNZD looks very bearish. The price formed a high momentum bearish candle on hourly time frame and then broke a support line of a rising parallel channel. It looks like the pair may go lower. Goals: 1.6165 1.6095 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
April 24, 2022 Weekly- LT: Bullish ST: High possibility price touches weekly trend line in about 100 points. Price is in weekly market structure (Yellow). This will finish weekly retracement for a continuation of a weekly bullish trend. Daily- LT: Overall trend Bullish ST: High possibility of price reaching lower Daily Market structure 4 Hour- Broke...
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
On a live stream today we discussed a potential short trade on AUDCAD: the pair is currently approaching a strong daily structure resistance. On an hourly time frame, the price is coiling. I spotted a tiny head and shoulders pattern. 0.932 - 0.9327 is its neckline. Wait for an hourly candle close below that to confirm a breakout. Then short aggressively or on...
After 1 week of consolidation within a horizontal trading range, this morning S&P500 broke and closed below its support. Taking into consideration that the market is trading in a minor bearish trend from the beginning of April, that breakout will most likely trigger a further decline. Goals: 4340 4300 ❤️Please, support this idea with like and comment!❤️
NASDAQ Just broke the trading line on pretty much all time frames and price is looking forward to keep the new uptrend or at least an strong momentum
The price has reached the weekly zone and is expected to reach the high zone. In case of possible correction, we can make a purchase transaction on one of the specified areas.