CADCHF is trading in bullish parallel channel, and within bullish channel the pair seems like loosing the momentum and currently facing some resistance in 0.67800 region. Will the CADCHF change its trajectory to downside?
Dollar Index Has taken a resistance over H1 Resistance and heading downwards now we have a 1:2 R:R which seems to be accomplished as Dxy made a move downwards it has given a marubozu candle near H1 resistance both the confluances made us think that the currency have downwards rally
Hello Traders👋🏻
On The Daily Time Frame The AUDJPY Price Broke The Resistance Level (92.189-93.048)✔
Currently, The Resistance Level Becomes New Support Level📈
So, I Expect a Bullish Move📈
i'm waiting for a retest....
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TARGET: 94.700🎯
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On the GBPUSD 4 Hour chart, there are multiple indications that there will be a bullish move soon.
1) There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level.
2) There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again.
3) Stochastic (default...
Here's a quick comparison of two periods in bitcoins history
The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often...
LTCUSDT seems to be in bullish trend but currently facing long term and medium term resistance in $93 region.
Will the instrument give respect to technical confluences and face rejection ?
USD keeps moving higher, possibly on speculation that House vote on U.S. debt ceiling today will pass today. However, stocks are down, which can have something to do with China, where the PMI index declined once again, and also faster than expected. Technically speaking, USD is in uptrend, but yields found some resistance recently so I am wondering if USD is...
Wide CPR range indicates further upmove may be bit muted despite breaking All time highs..
Some sideways moves possible like the day's intraday moves..
Strong support at day's low indicates there is still considerable steam left
TRBUSDT seems to be struggling for strong uptrend and got strong rejection from resistance zone and breakthrough inclining trendline.
Will it continue its trajectory to downside?
Hello Guys.
Hope you have good times and great trades too!
Today i'm going to explain why GOLD will fall to at least 1930 in coming days.
First of all as you can see in my chart we see a strong Bearish Divergence Between
RSI and price in Daily TF , that i show them with white lines.
Next , We can see a Evening Star Pattern in this strong Resistance level(2050...
The pair still in consolidation zone. I can See now a bullish triangle is forming and the price is testing the resistance level: We have now two scenarios. If the price breaks the resistance and pullback then buy. other wise if the price returned back to test the support, just wait for a break down to sell.
I'm now more to buy than to sell. I have marked my...
Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a...
USOIL ready for another impulse down ? Good retracement of fib level and multiple rejections, from previous support falling trendline, are putting confluence for downtrend.
Hello Traders👋🏻
On The Daily Time Frame The EURUSD Price Reached A Support Level (1.08614-1.08314) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
If Price Stays Under The Key Zone,
EURUSD Can Continue The Bearish Move 📉
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TARGET: 1.07640🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE...
Hello Traders👋🏻
On The Daily Time Frame The USDJPY Price Broke The Resistance Level (138.176-137.367)✔
Currently, The Resistance Level Becomes New Support Level📈
So, I Expect a Bullish Move📈
i'm waiting for a retest....
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TARGET: 141.267🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Today's focus USDJPY
Pattern – Resistance test.
Possible targets – 138.50 (Upside) 136.30 (Downside)
Support –
Resistance – 137.75
Here we are again back at the 137.75 area that has stopped USDJPY rallies since it developed around December 2022. This is the fifth rally from buyers that has tested this area. Will we finally see a break of this level this time...
It's taken 5 years for Sage to break out from 824 resistance. Good results today have seen the price initially increase by about 4%. Let's see if this is a true break or a bull trap as it was in Dec 2021.
Looks bullish to me but do your own research and this is not a recommendation to trade.
