Gold clings firmly to its coveted $1,900 handle! The stage is set for an intriguing turn of events, especially in the wake of a milder-than-anticipated U.S. jobs report for June. This unexpected twist suggests a potential dampening of the Federal Reserve's hawkish stance as its policymakers prepare for their upcoming rate review in three weeks. In the face of...
In the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound...
Daily Chart Polka Dot ( BINANCE:DOTUSDT ) has weaken and show that on the chart. A famous reversal pattern being create on daily timeframe. Now, DOT/USDT is trading at $5.12 We need to wait a confirmation when price breakdown neckline or price will breakout the right shoulder to continue go up. That's 2 scenarios for this case Wait and see next move
FRGE hin the past couple of trading days has had a 20% pullback consistent with a 50% Fib retracement of the prior trend up which occurred over 2 weeks. Bullish divergence on the two time frame RSI indicator where the lower TF RSI bounced up from the 20 level in oversold territory suggests a reversal is impending. So does the mass index indicator with a value...
Reversal Pattern for SEA Limited. When neckline break expected target is ~$130.
As shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of...
RNDR is one of the better performing alts of 2023, hence my patience for the token to look for optimal reversal points. As of today, RNDR has successfully confirmed a potential reversal from the bottom support. This trade is based on the idea that the bottom is in and that the price will reverse back towards the top of the channel. Target at 3.50, or the top...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
ZENUSDT is been on bullish path but recently it has formed a reversal pattern, HeadnShoulder. Break of neckline will indicate a reversal for the instrument.
🐂 Trade Idea: Long - VLO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 116.75 🐿 DCA: No 😫 Stop-Loss: 107.99 🎯 Take-Profit #1: 127.09 (75%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look....
ARBUSDT has formed Head and Shoulder , a reversal pattern and also break the neckline as well. Will All these confluences put sell pressure on instrument?
Risk Disclaimer - Only for Educational Purpose..... 1) Big Picture trend is good UP 2) I Dropped to Lower Time Frame where Trend was Down And was Looking for Reversals 3) Found Reverse Head & Shoulders Patter.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
In this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a...
This video provides a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. In the previous week, Federal Reserve Chair Jerome Powell emphasizes the necessity for further rate hikes, and adding to the market volatility, the Bank of...
Despite the less-than-ideal macroeconomic conditions, the gold bull is still putting up a fight. The recent comments made by Powell regarding potential rate hikes have pushed gold to its lowest point in three months. During his semi-annual testimony on the economy, Powell hinted at the likelihood of more rate increases in the coming months, even though the Fed...
Despite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed...
CVNA on the 2H chart appears to be retesting the resistance zone established by a head and shoulders pattern over the middle of June. Additionally, on the stochastic RSI it is at a level from which it reversed on May 25th as well as the pivot highs associated with the H & S. While volume is above the running average, it is not a spike and so without high...