GBPCHF broke and closed below a key daily support. Retesting the broken structure, the price formed a narrow range on a 4H time frame. London session opening pushed the prices lower. The pair broke a support line of the range, leaving a strong bearish clue. I think that the market may keep falling. Next support - 1.1224 ❤️Please, support my work with like,...
Classical inverted H&S Pattern Structure can be seen in this script. Following points can be considered here before taking any decision: 1. over all Trend is uptrend. 2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle 3. Good Fundamentals 4. over all market structure is also bullish. DISC: For...
Hello all, Here is my perspective on Gold from the 1D timeframe - - Price has broken below the upward trendline and is currently retesting the zone of $2300-2280. - A closure below this area will indicate a long-term trend reversal with the next level of support being found at $2200-2180. Best regards, Don4
Idea based on Classical chart patterns (Daily Chart). Abbreviations: M/W/D/H = Month/Week/Day/Hour TL: Trendline DT: Double Top DTr: Descending Triangle FW: Falling Wedge Rct: Rectangle We are still close to the all time highs, and we have also seen a breakout from a 4W FW on the weekly chart indicating some buying interest left near the relative lows. When...
Multiple time frame analysis for Gold. Price action & important key levels. Market sentiment and directional bias. Potential scenarios and thoughts. ❤️Please, support my work with like, thank you!❤️
Analysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward...
This Friday, Gold turned very bullish and reached a strong daily resistance. The underlined red resistance is the upper boundary of a narrow horizontal trading range on a daily. Next week, look for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow...
As I predicted yesterday, we got a nice intraday bearish movement on Gold. Analyzing the price action on a daily time frame today, I spotted that the market is currently consolidating. We can see a narrow horizontal trading range. Those who are looking to buy the market should wait for a breakout of the resistance of the range. A daily candle close above...
After creating a rectangle since Jan 2024, Legal and General has broken to the downside after lacklustre targets issued yesterday. Price is falling below 231 support. Since March 2013, L&G has gone nowhere and it looks like it could eventually hit 161, if the stock market reverts to a downtrend or business is below expectations.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
The AUDCAD is currently in a robust uptrend on a daily basis. For the past few weeks, the pair has been trading within a sideways range on a 4-hour chart. Following the yesterday's US fundamentals, the price broke above the range's resistance, showcasing the dominance of buyers and suggesting a likely continuation of the bullish momentum. The next level of...
NZDJPY broke and closed above a key daily structure resistance. After a breakout, the market started to consolidate within a narrow range on a 4h time frame. A retest of a broken structure triggered an impulsive bullish movement and a violation of a resistance of the range. It gives us a strong bullish confirmation. I think that the pair will reach 97.5...
AUDCAD set a new higher high higher close on a daily, after a release of the yesterday's US fundamentals. The pair successfully violated a resistance line of a wide horizontal range on a daily. We can expect a further bullish continuation now. Next resistance - 0.918 ❤️Please, support my work with like, thank you!❤️
ROSE has retested back and looking strong after breaking a previous rectangular resistance. It might still continue if price hold further on support.
NASDAQ Index is currently consolidating within a horizontal range. Most likely, the market participants are waiting for the FOMC tomorrow. Depending on the reaction of the market to the boundaries of the range, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 19115 the resistance of the range, with a high probability, a...
AMEX:SPY June 11, 2024 15 Minutes. AMEX:SPY held 532 and did not cross 536.5. Big consolidation in 15 minutes. All averages except 200 have converged in 15 minutes. So, holding 532 I expect 539-540 as target now, today or tomorrow. (Tuesday or Wednesday), as nearly 5 days of consolidation in 15 minutes. And on breaking down 532, target is 530 being 200...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Price action analysis for Gold. Key levels & potential scenarios. Trading recommendations. Trading plan explained. ❤️Please, support this video with like and comment!❤️