This morning, I'm closely observing the EUR/USD market as the CPI data release is anticipated. Currently, I'm noticing a bullish structure on the chart. I'm paying special attention to the level 1.09960, where a previous high occurred on the 4-hour (H4) timeframe. I believe that in this zone, there could be a confirmation of the upward trend, especially...
Analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week, I would consider purchasing the $25.50 strike price Calls with an expiration date of 2023-8-11, for a premium of approximately $0.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Gold reached the multi weeks low following USD getting stronger and Fed's comments upon inflation this week. And Finding support near 1917 to 1912 Area. As Looking at technicals on 4 Hour timeframe we can notice some strong support in this area and also trend reversal signs that suggest that Gold is going to be Bullish soon
In this analysis, we have gold displaying signs of weakness, as indicated by this bearish channel originating from the 1980 level. Additionally, decreasing swing highs and swing lows are evident. My objective will be to wait for gold to reach the lower side of the channel, more precisely, to anticipate a rebound in price at the demand zone around the 1910 level....
AT 04/05/2023 the price was so expensive 2068 and there was a big resistance I used my Strategy and my system (You can ask for the strategy i use) As you see THE BC i calculated by using Fibo retracement AND the target with trend base fibo extension i'm pretty sure the price will go down till 1712
On NZD/CAD, I've identified two potential long reaction zones and one short. Starting with the long zones, we have two Points of Interest (POIs), relatively around 0.8131 and 0.8120. At these two points, I anticipate a price reaction on the 15-minute timeframe. I'll take this reaction into consideration in case the market creates a long impulse at the Point of...
On this trade, I opened a long position following confirmation at a reaction zone on the H1 timeframe, at the level of 93.80. The price is currently between a bullish setup and a bearish setup, and there's a lot of uncertainty in the market. However, during this week, we will have the Chinese and British CPI data coming out, so trading between Wednesday and...
I have taken a short position on EUR/USD after a double confirmation on a 15-minute candle chart (M15) at a Fibonacci level (FVG). My intention is to either close the trade entirely or partially around 23:00 Italian time. This is because significant data for the Japanese yen and the New Zealand dollar are expected during the night, in the Asian session. In...
In the EUR/USD exchange rate, there appears to be a bearish opportunity as the dollar is gaining strength following the downgrade of American debt. However, there is a favorable level around 1.0965 where the price could reverse its direction. In this zone, a "short" entry could be considered if the correct bearish confirmation signals occur on the 15-minute chart...
On CAD/JPY, we have a bearish setup on the daily timeframe, but on the H1 chart, we can already see a reaction at a previous support, resistance, and now newly formed support level at 106.70. In this area, the market could respond by breaking the bearish trendline and subsequently initiating a slight rebound above the trendline, aiming to reach the daily high at...
Analyzing the options chain and the chart patterns of ADN Advent Technologies Holdings prior to the earnings report this week, I would consider purchasing the 1.50usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $0.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
I am currently observing a bullish opportunity on the XAU/USD currency pair (gold against the US dollar). The price is around 1936, and I have noticed a positive movement both on the daily chart and the 4-hour chart (H4). It's interesting to see how the price is behaving in a zone that used to act as resistance but is now acting as support. This support level...
GBP/USD presents a short scenario. The price is moving towards the 1.273 level, close to a reaction zone for a short trade. The zone includes the levels 1.2730 and 1.2760, at which the price could reverse if there are appropriate confirmations. The potential target would be 1.2620, where we have a demand in H1. Let me know your thoughts and opinions. Happy...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 Level. Any Major downside only expected in case banknifty starts trading below 44950 level.
On S&P500, we have a bullish setup with the price slightly retracing in the area around 4479 after touching highs at level 4645. Currently, there is an excellent reversal zone, a sell zone, at level 4525, where the price in H1 formed a strong supply level that had a significant impact on the price in the past week. In short, I'm waiting for a retracement to that...
AAPL has been rock solid this year as illustrated by the daily chart. It is no surprise that AAPL is Warren Buffets's biggest holding. The earnings were a top line beat with revenue flat. New iPhone sales are off. The TSLA idea of dropping price to boost demand and trying to maintain margins will come into effect. The dip this week is remarkable given the...
At 0.6070 we have a Poi zone where the price could be a reaction and if the price will close over the poc we can consider to entry long. I'm waiting a confirmation before to enter. Have a nice weekend!
We have a bearish setup on the Euro Dollar, with the price currently located around 1.0945, practically retesting a block that previously acted as support and is now serving as resistance. The objective will be to look for a short entry in the golden square I have highlighted, as that area aligns with the 50-61 Fibonacci levels. However, please be cautious as...