🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential...
Golds moved crazy in recent weeks. Currently watching for some sort of pullback. Although ATH has been created, with the slowing strength of the dollar we may see some correction on gold through the rest of March. I would like to target some sells back down to this corrective level, I predict that current area and the OB present may be a good time to sell. A...
Hello,Friends! Bearish trend on USOIL, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 77.74. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 23.123 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on USD/JPY right now from the resistance line above with the target of 146.172 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #Update #Eddy (( "Our long swing stop was up more than 50%, I'm not waiting for more targets", The Market will start falling Soon.)) Signal Date : 12/31/2023 | Signal Link : (( Bitcoin analysis on monthly and weekly time frames, the views I have with a combination of different analysis styles such as ICT and RTM,...
Nvidia’s stock price surge has triggered discussions of a potential "bubble" in AI stocks. Cathie Wood, CEO of Ark Invest, has recently expressed her concern and reduced Ark's exposure to Nvidia, citing the possibility of overly optimistic expectations, prompting her to sell a modest $4.5 million worth of Nvidia shares. So perhaps she is not overly concerned...
Once again ( gotta get a hang of this ) forgot to publish.. Got TP1 fairly quickly, TP2 didnt hit but closed second position at 60 pips
Hello Birdies, Here is a scalp trade. Steps wait for price to breakdown 71.5k wait till it create low after pull back enter where you find it near the price given on chart One more thing pay attention to H1 to see if we hold above $71.5k or drop back below.. If we continue up, next target to watch is around $74k
Hello trader' what do you think about usoil 1. **Initial Analysis**: You mentioned a strong buy signal for Usoil to reach higher highs, but it has since broken and rejected the area around 79.90 and 80.00. 2. **Resistance and Support Zones**: Currently, you're observing the market testing resistance zones at 79.80 and 80.20. If these levels hold, the market may...
Hello Traders, In today's trading session, we're keeping a close eye on GBPUSD for a potential selling opportunity around the 1.28100 zone. GBPUSD has been following a downtrend, and it's currently in a correction phase, nearing the crucial support and resistance area at 1.28100. Adding a fundamental layer to our analysis, today's release of the Consumer Price...
Hi folks today I'm prepared for you Euro analytics. Some days ago price broke the 1.0920 resistance level, which coincided with the resistance zone, and then continued to decline until the 1.0760 support level, which coincided with the support zone. After the price reached the support level, the price broke it and declined even lower than the support zone, but...
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 77.81. The above observations make me that the market will inevitably achieve 73.55 level. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.878. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.865 level soon. P.S We determine oversold/overbought...
Please, check our technical outlook for SPX500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5128.6. Taking into consideration the structure & trend analysis, I believe that the market will reach 5070.1 level soon. P.S Please, note that an...
Here is our detailed technical review for EURUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.094. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.086...
Last week we got all bullish price action on GU. This week I dont feel like we will get more of the same but I have to wait and allow for the set up to show itself before getting active.
Gold looks to make a retracement to the 2140's zone and after which we look to pump till the 2300's before a projected point of return (PoR) Thanks 👍