The month of January can be described by one picture below. In general, the price of OANDA:XAUUSD was very choppy. It fluctuated back and forth throughout the month. In terms of months, January closed in a bearish mood. We can see that the price action formed an inside bar pattern. However, on the weekly timeframe, we see a fake-out of the inside bar. The bears...
Since the start of December 2023, OANDA:XAGUSD has been clearly trending downward, establishing lower highs on our chart and pressing in the 22.00-22.15 support zone. However, despite yesterday's positive performance for OANDA:XAUUSD , Silver remained largely unchanged, further reinforcing this bearish outlook. The overall structure maintains its bearish...
FX:EURUSD started the year badly, with the price falling more than 300 pips and reaching the important 1.07 zone support. Now the pair is in a normal rebound after touching this level, the overall structure is bearish though. 1.08 is resistance and, in my opinion, rallies in that zone should be sold. a reversal from that zone followed by a break of support could...
After the recent dip to the 38k zone two weeks ago, BITSTAMP:BTCUSD began to rise and reached the 44k resistance level. However, the upward movement appears to be corrective in nature, and the consolidation over the past week suggests bearish implications, raising the possibility of a lower high forming at 44k. The short-term support is situated around the...
Last week, OANDA:XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way. From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone. After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear...
For almost 2 months now, FX:GBPUSD has been trading in a clear range between 1.28 and 1.26. Friday the pair reversed strongly from resistance and dropped quickly at support. A break under this support level could lead to a continuation of the drop to 1.25.
If you haven`t bought the dip on DIS before the previous earnings: Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week, I would consider purchasing the 95usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $3.45. If these options prove to be...
Visa has a pattern to trade lower after the earnings and then rally after few months. That`s why, analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week, I would consider purchasing the 275usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $13.15. If these options prove to be...
Analyzing the options chain and the chart patterns of GOOS Canada Goose Holdings prior to the earnings report this week, I would consider purchasing the 12usd strike price at the money Calls with an expiration date of 2024-2-2, for a premium of approximately $1.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought GILD before the previous earnings: Then analyzing the options chain and the chart patterns of GILD Gilead Sciences prior to the earnings report this week, I would consider purchasing the 80usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $3.10. If these options prove to be profitable prior to the...
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
In my previous Bitcoin analysis, I argued that, in my opinion, the correction for BITSTAMP:BTCUSD was not yet over, and we could potentially witness a drop to the 36k zone. Since then, the price dipped below the 40k zone and rebounded back to almost 44k. However, this rebound exhibits a corrective structure, resembling a bearish flag, suggesting that a new...
It has been a tough week for OANDA:XAUUSD traders with very choppy price action. In this video, I try to see the forest from the trees I try to figure out what Gold could do next.
In the past two weeks, EUR/USD has been very choppy. In fact, the pair has remained relatively unchanged in terms of price since the beginning of the year. Upon examining the chart, we notice that although the pair has reached new lows, these were very close to each other and were quickly reversed. This type of price action typically suggests a medium-term...
EURAUD is HL/LL. For me is downtrend My potential setups you see on chart. This is not recommendation ;) Just my view. Usully I use 3 or 4 orders with TP1-TP4 Minimal Risk reward is 1:1 NOT LESS
I've held a bullish stance on OANDA:XAUUSD since the beginning of the week, anticipating a climb towards 2080 while acknowledging the 2060 resistance level. However, despite the price gaining ground and breaking above the 2040 resistance on two occasions during this period, upon closer examination of the price action, the situation is not as straightforward as...
After August's high above 0.9, KUCOIN:XDCUSDT started to drop, losing more than half of its value. However, at this moment the coin is sitting on an important confluence support and a rebound could be next. My target for this rebound is 0.615 recent high and considering a tight stop loss, a 1:3 risk: reward trade could be found for this coin.
In my commentary from yesterday, I mentioned that as long as the price remains above the 2015 support zone, bulls hold the upper hand, and OANDA:XAUUSD could rise, potentially breaking above the 2040 resistance level. Indeed, this occurred. However, strong volatility ensued following the break, and buyers were unable to maintain the price above this level. Gold...