Daily/4h time frames analysis on Gold.
Trading plan explained.
Key levels & price action analyzed.
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Bitcoin was able to make a rectangle pattern after breaking the uptrend line.
To form a rectangle pattern, it is enough to find two pivots on the top and two pivots on the bottom, and it is better that these pivots are aligned.
In my opinion, Bitcoin can break the lower line of the rectangle pattern and fall to the support zone( More possible ), although it is...
Dow Jones is consolidating within a horizontal trading range for more than 4 weeks.
Depending on the reaction of the price to its lower boundary,
the market may drop sharply.
To confirm a coming bearish wave, wait for a bearish breakout of 33450 - 33660
and a rising trend line. We need a daily candle close below them 2 to confirm the breakout.
A bearish...
Hey traders,
I see 2 very important bullish clues on Dollar Index on a daily time frame:
first, the price successfully broke and closed above a falling trend line,
then, a resistance of a narrow horizontal trading range was broken.
Now, the price is preparing to retest the broken structures.
I will expect a bullish movement to 105.1
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See chart. Horizontal consolidation was broken to the upside. Waiting for a pullback to the breakout level now. If you have any questions - feel free to use the comment section below ...
So the range, that we spotted earlier on Dollar Index, is finally broken.
The market successfully closed above that on a daily.
Now a further bullish continuation is expected.
Next target - 105.1
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This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it!
As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this.
You probably want to trade with the trend, so I...
On a today's live stream, we discussed EURUSD.
The pair is currently consolidating within a narrow horizontal trading range after a strong bearish movement.
1.065 - 1.068 is its support.
I am waiting for its breakout (daily candle close below) to short.
The pair will most likely drop then.
Goal will be 1.053
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The DXY has recently been trading in a tight range & has created what is one of the BEST technical setups in the market - the High & Tight Flag Pattern. In this video i'll explain what that pattern is along with 3 ways to potentially trade it.
If you enjoyed the video please do me a favor & hit that like button, also please leave any questions, comments or views...
Hey traders,
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ Dollar Index (DXY) daily time frame 💵
The market is consolidating within a narrow horizontal trading range.
Taking into consideration, that the index is very bullish from the beginning of February,
I believe that a bullish rally will continue.
Wait for a bullish...
Dollar Index is consolidating.
The market is currently coiling within a horizontal trading range.
103.73 - 103.97 is its resistance.
I believe that the next bullish move may initiate after its breakout.
Wait for a candle close above that first, then buy aggressively or on a retest.
Next resistance will be 105.1
Remember, that a bearish breakout of the...
USDCAD is trading within a wide horizontal trading range on a daily.
Approaching its resistance, the price formed a double top pattern.
Its neckline was broken on Friday.
I expect a bearish move to 1.328 now
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After the formation of the figure, the price continued to move up, you can try to buy on the spot or on futures with x3 leverage. Risk reward up to 4x
1 TP - 0.04393
2 TP - 0.04914
Stoploss - 0.03654
This is not a financial recommendation. All your actions you perform at your own peril and risk
The solution to this analysis is to find the most probable reversal point for this corrective move, that is currently happening on Bitcoin.
Bitcoin failed to make a parabolic move. If we compare the start of the bull market in 2018, it was different because Bitcoin parabolically rose. But this time is different!
We must now concentrate on catching the bottom...
