I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot...
GBPJPY was in nice bullish momentum but now currently facing a sell pressure from bearish divergence. Will bearish divergence play its role and put the pair into 172.50 region ?
As USDCHF is in bullish trend and trading in bullish parallel channel. Currently USDCHF is retracing from top of the channel and reaching at support zone. Will the buyer attack on support zone and push price to higher side?
The pair is expected to retrace as per the arrow. US Consumer Confidence Slipped in May, Inflation expectations remained elevated pushing the USD for appreciation intraday. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...
How I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little...
Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ? The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv) Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of...
The index has been moving upwards for days. Yesterday it experienced a rapid shock upwards as the U.S. stock market seems to have experienced this in general. The retracement could possibly happen even before the NYSE opening if the index breaks significant support levels indicated with red line. Potential movement is as per the arrow....
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I just opened a short on Mana, expect a retrace back to 0.4931.....stay tuned
Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.
Hello everyone, UJ began its official bullish momentum before the end of last week. Now that price has broken above EMA's and formed a double bottom respecting our demand zones, it will be in everyone's best interest to start looking for ways to enter into the bullish market. In this idea, I'm projecting that price will begin to reject in 136.300 price area and...
Same for bitcoin but for Ethereum is a bit different. Ethereum had made of its own roadmap; so it’s going to be a bit of a roller coaster. 400-550 area is the bottom for Ethereum. The blocks from it going to be incredible before bitcoin halving in April of 2024. History is slowly repeating itself of all cryptos ( some of it had gone there before). The new uptrend...
Reminder in case forgets; 15K isn’t the bottom.. the floor from it isn’t enough strength for the bulls. The strongest floor for bitcoin to bottom in is inside $10,000 area; apparently about 10,800-10,200 area around there. It be a lot lower only if it happens we will see because experts said 5000-8800 area; could happen maybe. After the big drop the buy will be...
Considering that the index moved quite rapidly the last couple of days finding significant resistance helps us identifying the retracement level The fibo tool in trading view helps a lot since it fits perfectly. as indicated by the arrow, further break of the support at 1360 USD will indicate a potential drop. Market opening is at 16:30 for NYSE. Significant...
US consumer price growth falls to below 5%, at 4.9%, lower than expected. The market reacted with high USD depreciation. Expectations of Fed pausing rate hikes remain the same possibly. It is quite quick to speculate because the market has not tested many times the resistance but for these kind of announcements sometimes the market reacts quickly on...
Again near good support SL and Target are same as previously given
UJ hit the daily high level of 137.777 early this morning before taking a big leap down to 135.400 area. Currently looking for price to touch and resist the next supply located in the 137.000 area. Once price rises and rejects this area of 137/000, it will be in your best interest to take a sell if you have a similar set up. Will this be a short term bear cycle or...
Prices go oversold on Wednesday and overbought on Thursday. Welcome to the new normal. Good luck with it! Looks like we may be entering Wyckoff accumulation phase. Price has been rangebound this year. Notice that we are at same price as May 23 2022. Near the end of a bear market, prices will usually suffer a final capitulation. This might not occur for weeks or...