Pair : CADJPY ( Canadian Dollar / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
The BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a...
We are expecting a lot of important fundamental news next week. Here is your trading plan for GBPUSD. The market is currently trading within a wide horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. If the price breaks and closes above the resistance of the range, we can anticipate a bullish...
High probability of a break out if sector plays out well
Dollar Index keeps consolidating. The market is stuck within a narrow range on a daily. It feels like the market participants are waiting for the FED interest rate decision next week. Pay attention to the boundaries of the range. Its bullish breakout will be a strong bullish confirmation. A bullish continuation will be anticipated at least to 104.15 level...
Pair : US Oil Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
I really like how AUDNZD reacted to a key horizontal support on a 4H time frame. After its test, the pair started to consolidate and formed a horizontal range. Breakout of the resistance of the range was a strong bullish signal. We see a positive bullish reaction now and can anticipate a further growth. Goals: 1.0814 / 1.0828 ❤️Please, support my work with...
Price has been trading inside of a horizontal range for some time now. On the previous run up to resistance there was a range breakout that quickly fell back inside the range, more than likely trapping those who bought the breakout. The 2000 price level is now potentially serving as an important barrier just under range resistance. If this area continues to hold,...
We got 2 peculiar breakouts on Gold. As you know, the market was consolidating for roughly 1 week. Consolidating, the price formed a triangle and a horizontal range. We see a breakout of both the support of a triangle and the range. It confirms the local strength of the sellers. The price may drop to 2006 support. ❤️Please, support my work with like, thank you!❤️
As per see on the chart BTC has been over bought on the weekly timeframe it needs to come back and the test the lower support level to continue after halving lets see if we can see 31500 in coming months ......... next 3 to 4 months is the downtrend. NFA
Over the past few days, NSE:BANKNIFTY has experienced a downtrend, presenting an opportunity for traders to analyze a potential reversal through the formation of a rectangle pattern. The rectangle pattern is a horizontal consolidation pattern characterized by parallel support and resistance levels. It indicates a period of market indecision, where buyers and...
Hello Traders, welcome to today's analysis of Intel. -------- Explanation of my video analysis: In 2022 Intel broke a massive previous support level at the $45 area towards the downside. This break was followed by a drop of roughly -50%. With a perfect retest of a very long term structure level, this recent pump on Intel was quite anticipated. If Intel pulls...
14257-15871 There is a sale at the 17440 level, which is the main target of the rectangle formation, and we can open a sales transaction. The first profit point is 22 exponential average. The second is 50 exponential average. The third profit point is 16555. It is up to you.
Nifty is trading in 180 points range from last 2 days . if nifty crosses above 21690 we will go long with strict stop loss and if bank nifty goes below 21480 we will take a short position.
Bitcoin shows major signs of weakness at this moment on the weekly chart. We have a bearish divergence on the RSI indicator, which cannot be ignored. Also, we have a shooting star candle, which is probably the most bearish candle that exists in the price action. This bearish candle will be confirmed if we break the low of it, which is 41500. How deep can bitcoin...
══════════════════════════════ 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...
Look to ride the wave down Bearish Flag Pattern Retested residence level looking for new support Short or Sell