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...
In December, GbpJpy experienced a corrective phase, typical of JPY pairs in this period (repatriation of capital). However, after testing the 179 support level three times, the pair reversed course at the beginning of the year, swiftly recovering previous losses and returning to previous highs. Currently, the pair is undergoing a minor correction following its...
For the past two weeks, the DXY has been trading within a frustratingly narrow range, lacking clear direction. Today's FED press conference may provide some resolution to this stagnant pattern. Leading up to this event, prominent Fed members have cautioned against overly optimistic expectations regarding future rate cuts. They emphasized that the Fed does not...
After a false break of support and reaching the year's low just above $2,000, Gold has returned to its familiar range and has remained there for the past 10 days. However, at this juncture, the 2015 zone is providing a robust support base, prompting bullish investors to buy into dips. I anticipate a forthcoming breach of the 2040 resistance zone, with my target...
Gold for me still down. On chart my option. i open another trade. Few days ago I opened short. and I stll keep. 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
In my previous ICP post, I presented a potential trading plan for this coin. I stated that a break above 14 would indicate that the correction was over. Conversely, if we experienced a break of the symmetrical triangle to the downside, ICP/USDT could drop to 10, presenting a great buying opportunity. The coin followed the latter scenario. As observed from the...
After an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak. At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory. As long as the 3.5 zone remains intact, I anticipate a retest of at least 7,...
Two weeks ago, AUD/USD reached a significant support zone at 0.65. Following a slight rebound from this zone, the pair entered a consolidation phase throughout last week. The overall bullish trend that began in late October remains intact, suggesting that the pair may continue its upward movement. My bullish stance persists as long as the 0.65 support level...
If you haven`t bought the dip on GM before the previous earnings: Then analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week, I would consider purchasing the 35usd strike price at the money Puts with an expiration date of 2024-4-19, for a premium of approximately $1.85. If these options prove to...
Hello Traders! I see a confirmation of the market structure changes on M15 AUDJY. I Will execute a short trade as I expect a bearish move until the BOSS. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and...
EURUSD Today for me. 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 Here potential is a lot of pips ;)
In yesterday's post, I said there's a good chance OANDA:XAUUSD might go below the important 2020 support level. If that happens, we could see a change in the medium-term trend. Bears were in control all day and managed to break that level, hitting a low of 2002. Technically, breaking the upward trend line, smashing through horizontal support, and setting a...
I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur. However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this...
As mentioned in my analysis of OANDA:EURUSD from two days ago, the pair failed to break above 1.1. Consequently, there was a potential for it to dip below the support level and continue its decline to the next significant support at 1.0750. Indeed, the price dropped below the support zone and hit a local low at 1.0845 yesterday. Currently, the pair is...
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 light of my analysis from two days ago, I have chosen to close my long trade yesterday morning on OANDA:XAUUSD at break-even. This decision proved to be sound, given that Gold broke below 2040 during yesterday's trading session. At present, nearly all recent reversal is negated, and the price has returned to confluence support. While this crucial level has...
Last week, I held a bullish stance on Eur/Usd, anticipating a breakthrough above the crucial 1.1 resistance level. Unfortunately, the pair's inability to surpass this significant threshold led me to close my trade at breakeven, prompting a decision to adopt a wait-and-see approach for further clarification. Examining the recent price action, it appears that my...