The Daily (D) time frame has made an inverted hammer off the top of the Weekly (W) consolidation zone. On top of that price is wicking off the .786 FIB levels from a minor W FIB from 1/14/24. Looking for price to push back down to a minimum the mid point of the W consolidation zone that started 1/29/24.
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of that, price has not really broken this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this...
NAS appears to have completed that indication and created new low (16980). The correction is now playing out and it came all the way back to that area of consolidation (17650 - 17850). A drop and close below 17470 area, will give possible indication for sells, back down to 17030 area.
There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit. On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on...
After pulling back on monday EURUSD is ready to takeout yesterdays Asia low. I expect price to drop from here 1.0850, targets below 1.0817 stops above 1.086. Use proper risk management. Snipergang Arnoldotradergang
Simple but effective sells on Eu. Keep it stupid simple Eu was selling, I don't like guessing, so I sold in accordance with the momentum. My entry was based on price stop hunting a level on the lower timeframe. Momentum is the key to make my strategy work. If there is no momentum in the market. My strategy will fail almost every time. This trade went up to 1:4...
Looking for price to sell down during the upcoming week. There are several inverted hammers leading up to the end of the week with very long wicks. Price is also under the 200/50 EMA.
EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
We see a huge bearish factor as price retraces to the resistance zone and the 800EMA, an 800EMA rejection especially on the weekly is a huge factor, as this is projected we expect price to get to Trend Line 1.85013.
After a very big bull phase on the NVDA Stock, we start to see some reversal pattern on the 1.618 fibonacci level of extension. We can see the formation of lower lows and a stop hunting at the top (and near the extension level we are looking at). What are we looking from ? First we want to see the recent gap to be filled on this swing position (around the $315.0...
As a very opptimistic on the Crypto Assets (and even more on BTC), I am not really into short on those assets, but here we have a short opportunity for a corrective move (still very strong bullish on the long term for me regarding technical and fundamental aspects). About the setup we have here : On the daily timeframe we can see a very extended price and then a...
As gold approaches our level where we look for the candle on the 5m candle to close we are anticipating sells to be taken here with the possibility of 1930 being tapped as a potential TP This is a scalp so as always fast and aggressive take profit will be done
Dollar index has been on an upward trend. Recently it broke below it. Today we have seen a retest of this trendline. I am bearish on the dollar index. Targets as low as 105.450 Use proper money management.
Looking for gold buys or sells depending on where the FIVE MINUTE candle closes respective of the levels marked in the chart Gold has seen a strong push to the upside and I don't believe it's completely exhausted yet. However, that does not mean price action won't play out on smaller timeframes.