Procter & Gamble is in a weekly uptrend but was hitting its „head“ on the 158.00 resistance. After consolidating there it fell through the local higher low, building a new lower low and is currently retracing to that former local low which acts now as a resistance. The stock showed large sell volume on that resistance last friday which suggests we might se another...
Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price...
I believe that the Bitcoin bullish trend needs to rest for a while. This supply area is very important to me. I also see good reactions that can give more credibility to my analysis
TSLA shows this morning a nice double top pattern which indicates a down step. Overall is TSLA currently not in shape to break out and is a short in short term.
It seems that the areas ahead can be very attractive for price reversal. For me, scenario 1 is more attractive. Because there is a good overlap with the bearish trend line However, do not enter the transaction without confirmation
In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
eurusd is reacting to the supply zone and can probably hit a 1-1rr
H4 - The head and shoulder pattern is formed But you have to wait until the breakout happens
Wait for the price to retest 30.5k again. Short after reject - not before. Take full profit at 28.5k or Take first profit at 29.5k and the last at 28.5k.
The pre-market price is bouncing from the 0.63 resistant level. A short at 0.63 to 0.57 with the necessary risk management could bring a 10.98% return. Other resistance shows at 0.725
The economic climate in Europe indicates a bearish trend for the Euro. The combination of sluggish growth, increasing inflation, and rising unemployment rates are contributing to a pessimistic outlook for the European Union's single currency. With member countries grappling with fiscal challenges, there are mounting concerns that the Euro's value could be further...
Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month. At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts'...
On the chart we can see the rising channel pattern. We expected that the price reach the upsloping resistance line and will come back to break down the lower support. Our strategy is to entry short only and if it's happen. Target is shown on the chart.
The surge of fake news circulating in the media realm seems to have an unconventional impact on the currency markets. In a seemingly counterintuitive scenario, there is increasing evidence that the prevalence of fake news may be fueling a bullish trend for the Euro (EUR). As misinformation spreads, investors often seek security in more stable and regulated...
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from...
The price of gold (XAU/USD) is currently being affected by negative market sentiment towards China and concerns about the Federal Reserve (Fed). It is currently trading near its lowest point of the day, around $1,955 in early Monday trading in Europe. Recent news about several banks lowering their growth forecasts for China has dampened investor appetite for risk...
New downward channel forming (note inverted chart). Expected it to follow the blue line. In this new descending channel it seems bitcoin is struggling to even oscillate through here and is getting forced down faster than i had anticipated (see my other chart). Looking to buy around 25k and then again 20-21k.