Important things to note: BTC retracting has started. I do not see BTC going past 46k. ADA chance for double bottom on 1D Double Bottom would produce a target of 2.62. This would smash the resistance level. Pattern would also create a cup for further targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. The BTC FOMO buying finally...
Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly...
It is Monday early trading, but this might be a good opportunity according to the H4 chart for the short-term/daily move. The long term seems quite different though but a short-term retracement is more likely to happen. Note: The market was falling recently due to dollar strengthening. The only problem today is that it is Monday and volatility is not so high,...
USDJPY needs to retrace down first after the long wick candle, then it needs to fill the wick on the upper side.
On Friday we closed our short positions on EURUSD. Now, we expect a pullback to 1,1650 and from there, we will be looking for more selling opportunities. We will be watching out for a reversal candlestick formation in order to make an entry. This time our target will be price reaching and breaking below the previous low at 1,1563. We're not entering a trade at...
H1 time frame. Structure: Uptrend. The price moves in an ascending channel with a wide range. There is now a divergence signal and the key level is at 0.73000. Wait for the confirmation of the downtrend and the appearance of a sell signal, then you can sell with CADCHF. The profit target is the support line of the price channel, price zone...
Important Things To Note: Price has had a significant price increase due to the BTC squeeze. We are in a bull trend now if it isn't obvious by now or you haven't been following me. Before price moves ahead it will retrace with a few options. Minor price target of 2.37. Major price target of 2.51. Resistance 1 at 2.30. Resistance 2 at 2.45. Retracement for handle...
we foresee that gold still in bearish pressure in Higher Timeframe now price is stuck in suppy area and previous liquidity pool area which mean there a prob to bouncing confluence with fib retracement 38,2 at daily chart and 61,8 at h4 timeframe our 1st scenario gold free fall to last strong support at 1722 (confluence with 161,8 fib) alternative scenario gold...
Great opportunity to go long on EURUSD . EURUSD has dropped significantly recently and is overextended and looks like it will retrace. GBPUSD is well on its way to retracing, and with EURUSD being heavily correlated with GBPUSD , it is also likely to retrace. Stop loss below swing low, use good risk management and good luck.
Yesterday we talked about a possible retracement on GOLD, and that is now a fact! This is not a time for us to look for entries. We'd rather look for opportunities throughout next week. This upside move could continue up to 1775, however we should be careful for possible drops in price. Looking at the higher timeframes, there is still a higher probability for...
Contract - CME_MINI:NQZ2021 - PR High: 14712.75 - PR Low: 14687.00 Evening Stats - Gap: = N/A - Session Open ATR: 220.88 - Volume: 57k - Open Int: 225k - Trend Grade: Neutral - From ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 Keep in mind this is not speculation or a prediction. Only a...
In our analysis from yesterday we shared with you why is not a good moment to sell. Today we stay aside of EURUSD, and we're focused on other instrument with more potential. Here we can see price slowing down and loosing strength in this downside move, which means we should be looking at a retracement pretty soon. We're not expecting a full reversal, therefore...
Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction,...
FIGS is going to bring us a considerable profit !. How much? lets follow the idea. FIGS reacted nicely to strong support (34.13 USD) formed by two different types of Fibonacci after an abc form of correction shown on the chart. A considerable up ward move started after the mentioned correction which seems to be the wave 1 of a new 5 leg up going wave. After that,...
Disappointing news for the USD might bring the USD depreciation and the strong GBP upwards. Unemployment claims higher than expected and final GDP just over 0.1% more than expected for the US
Very dissapointing yestersday with GBPUSD, since there was no retracement when fundamentals kicked in, affecting the technicals. We expect a breakout over 1.1610 to drive the market 20 pips up. If not then consider the support level 1.1590 and the long term downward move at 1.15 when that dive happens.
H1 time frame. Structure: The downtrend is broken by a strong upward move. At the 1-hour time frame, we can wait for the price to return to the 1.26700 zone (the 61.8 Fibonacci and support confluence) then we can wait for the bullish confirmation signal to appear. Profit target is 1.28800...
Contract - CME_MINI:NQZ2021 - PR High: 14782.50 - PR Low: 14761.75 Evening Stats - Gap: = N/A - Session Open ATR: 218.06 - Volume: 42k - Open Int: 230k - Trend Grade: Neutral (CHANGE) - From ATH: -5.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 Keep in mind this is not speculation or a prediction....