Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet. I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819. Manage your capital correctly and...
The market tested the resistance zone twice, then pulled back to the support level. FX:EURUSD is moving sideways. If you notice that the price action formed a range, it broke it only after it formed another range zone. On the weekly timeframe, we have an inside bar. I think the market might retest the middle of the range zone, which is going to be a liquidity...
Last week's pullback from the 2185 resistance zone resulted in sideways movement instead of a clear pullback. The market remains within the range established on Tuesday. If OANDA:XAUUSD falls lower, a complex pullback could form. On a daily timeframe, this may resemble a fakey bar setup that involves a level rejection and support level bouncing. I expect the...
In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the...
Dear Colleagues, I believe that the upward movement is not over yet. At the moment we are witnessing a combined correction and I expect wave B to end at 79.99, after which I expect the upward movement to continue in wave C to the 61.8% Fibonacci extension at 82.94. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
According to the previous analysis, now with more than 110% growth since the time of the analysis, which is in the ascending wave 5, it can continue until the area of 2.618 or the next supply area of this extension of the wave, which will reach the major ceiling area, which is an important supply area. It will be and after that I expect a correction wave after...
The price bounced off the border of the channel and broke through the range zone. I think the price may go down to the key support level at 110.000, then potentially move higher. The long-tailed bar at the resistance formed on the 4H timeframe suggests that the FX:CADJPY may update swing higher highs and higher lows. The price is moving sideways above the...
In my Friday post, I mentioned that I'm cautiously bearish on OANDA:XAUUSD , highlighting the possibility of a descending triangle forming. Indeed, the price once again failed to break above the descending trendline and closed the day just above the horizontal support of the triangle. Today, as the market opens and the Asian session begins, we observe a break...
Filecoin is one of the coins that I anticipate will perform very well in the coming months. Like the entire cryptocurrency market, BINANCE:FILUSDT began a bullish trend at the end of October. However, at the start of this year, the coin entered a correction phase, experiencing a drop from above 8 to under 5. In mid-February, a new upward trend began, and the...
In my previous analysis of FX:EURUSD , I mentioned that once the pair breaks and stabilizes above the 1.08 zone, we could expect a rise toward 1.1. Indeed, that scenario played out, and after reaching a high near that zone, EURUSD began to correct. Currently, the pair is trading near an old resistance, which has now turned into support. Typically, we would...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . EURCAD long ! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Dear colleagues, despite the fact that the price is in a downward movement, I believe that the five-wave movement has not been completed. I expect that the price will not update the minimum of wave 4 38463, but will approach it, and then the upward movement in wave 5 will begin. The nearest target is the area of 39297. Manage your capital correctly and...
The price is testing the resistance zone. FX:USDCAD is moving sideways on the 4H timeframe. The market has reached a strong resistance zone on the D timeframe, which suggests that we may have a pullback from the resistance zone. There is high-impact upcoming news we should be aware of that can shake the price in any direction. I expect a pullback from the...
Selling from orderblock where there is imbalance. A lot of imbalance to fill on the downside. Will make trade risk free at 1:1 rr.
In the weekly and daily times, after going through a complex correction cycle, it finally entered a motivational wave in the range of 0.082 with a floor, which is currently breaking the dynamic pullback to the structure, which is a retest to the supply area. has also had Therefore, with floor construction in the area, it will have the ability to grow to the next...
In the daily time, after the floor in the range of 0.019, it has entered a motivational upward phase, which is facing a correction with the failure of the dynamic trigger and the specified supply area, which is supported in the green box area where a break has occurred. It will grow up to the next supply area. Otherwise, it can continue up to the range of the...
In time D1, it is moving in a descending channel. According to the type of structure and behavior after the break of 1.618 fibo, the previous wave is currently continuing its upward path after the pullback. The type of corrective structure is not observed in that micro wave and it has good momentum (according to the behavior of the dollar index #DXY , this...
In the time frame D1, it is moving in a medium-term ascending channel. Due to reaching the supply zone that is breaking, it can continue to climb after the pullback to the next supply zone. In the lower time frame with 2.64 support and in the daily time frame with 2.34 support, it will be able to reach the specified targets. In the future, if the behavior and...