Point of Risk-Reduction: 14608
Stop-Loss: 760 pips (76 points)
Risk: 0,5% -1%
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Based on our Fibonacci drawn from high to low on this daily time frame, we can clearly see that price has stopped at an entry zone for bears. Another confluence for this entry zone is the horizontal line drawn at the 61.8 level of the Fib, and as you can see price has touched this area a few times now. If you take this idea, make sure to set your stop losses based...
As we all can see the Japanese yen on the Monthly chart the strong bearish momentum and the bearish waves are clearly visible on the chart
we also saw that the price formed lower highs and then lower lows which supports the bearish momentum at the market structure analysis
after that we saw the USDJPY pair trading in sideways direction and the sell high buy low...
As we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts
we think that the British currency will witness more decrease in the prices in the coming weeks therefore we...
Based on the chart price is in a good situation for opening sell positions on XAUUSD. But let's go deeper on our reasons and see what's on the chart:
1. Price is in a downtrend ( Bearish )
2. A correction have happened --> price reached to 0.618 Fibonacci and dropped ( Bearish )
3. Bearish Engulfing Candlestick ( Bearish )
4. Currently price is in an...
Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21.
In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed
by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test.
Looking at the 1hr chart for BTC /Binance, we can see that our Whales Buy-Sell indicator and Volume Extractor indicator called the top perfectly with 3 red diamonds and a Sell signal! We can see that Bitcoin couldn't hold above our support at $56,440 and went to retest the Daily diagonal support of $56,100. Unfortunately it fell through that diagonal support down...
NZDCHF broke uptrendline
Pair is trading in downtrend
Price is below key level at 0.6500
Price is below HVN at level 0.6528 which indicates that pair is in distribution phase
Below SMA 100
RSI is below level 50
It's expected the continuation of bearish momentum to target 61.8% Fibonacci level at 0.6367
We have used stronger support and resistance trend lines using the MA5 gold turn. These strong levels have opened up two gaps. 1835 and 1726. Both targets are strong. Situations like this its best to choose one target and money manage your positions towards that target.
Based off of our Fibonacci drawn on the H1 time frame, we can clearly see an opportunity for Bears to enter right now by the 38.2 level of the Fib. If you decide to take this trade plan, feel free to set your take profit levels between the 138.2 to 161.8 level. If you pull yourself to a higher time frame (daily or weekly), you can see that at that 161.8 level,...
As we can see on the Daily chart the start of downward movement has begun and the price made new lows already for example we can see the highest high the price made on the 20Th of August this year at the numbers of 1.90500 approximately and then we saw the price went down to form a new LOWER low at the 3rd of September at the number of 1.85000 with losses of...
Based off of two standard deviations drawn from the Daily time frame as well as the H4 time frame we are seeing bearish opportunities in EURGBP currently. We have drawn a Fibonacci off of the high to low of the Daily time frame and we can see that Bears had a major opportunity starting where price was at 0.86478 on September 29 and taking profit right around ...
We saw the Ethereum movement on the Weekly chart and the rejection from the levels of 85% FR at the numbers of 3970 and then the Crypto currency made its retracement before the Bitcoin therefore we expect consolidation movement before the continuation of the Downside trend
from that approach we can position our sell limit orders at the numbers of 3850 with our...
Gold had an interesting day during NFP and UP+R. Major range in the last couple days around 1763.920 and 1754.00. Some pin information is Cleary visible with the pipe top formation from todays activities. The congestion area for a higher timeframe is allowing us to get ready to track any sudden move to the down side. Be ready for activity Sunday Asian session +...
As we saw the movement on the prices of oil the last week we saw strong bullish momentum and high demand on oil during the last week
and on our opinion the OIL may make strong retracement to the south to the level of 76.50 at the level of 61.8% Fibonacci expansion
and then we might see pullback one more time to the current levels at 78.5 from that we may see...