The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
🔍 Technical analysis: Short -running channel - The one -hour frame is moving after a modification in a short ascending channel. - In the middle of the canal and in the area of resistance density. - If it can be located above the area, it can have up to 6.25 channel ceiling and can grow with the middle of the canal to the supply area if the reaction. 💎...
🔍 Technical analysis: Pullback to the broken ceiling - In the 4H, 8H time frames, it is moving in an ascending channel. - It is currently in the middle of the channel above the green support box area. If it stabilizes above this area, it can continue up to the supply area and the ceiling of the growth channel. 💎 Alternative scenario: If the green box is broken,...
🔍 Technical analysis: Movement in the descending channel - It is moving in a downward channel in the daily and 4H time frames. - It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel. - The most important resistance for an...
After hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor...
🔍 Technical analysis: Corrective wave 2 scenario According to the previous analysis, the phantom currency had an upward structure in the form of wave 3. 💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle. - In...
In time 2W, after an ascending wave and a double correction at the bottom of the channel, after successfully exiting the concentration, it is moving towards the specified targets. This upward wave is due to the structure in wave 3, whose micro waves will be presented in the next updates. But this upward move will have the ability to reach at least $0.58 and $1.2...
According to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path. 💎 First scenario: in case of the inability to penetrate and...
Key Points: Buy Entry: Consider entering a Long position around the current price of 104.30, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 105.15 2nd Support – 105.50 Stop-Loss: To manage risk, place a stop-loss order below 103.97. This helps limit potential losses if the...
After a poor start to the year, Natural Gas prices have surged in the current quarter, largely due to stronger fundamentals. Extending the advance this week, the commodity looks poised to set new 2024 highs (3.397), but it may be early to talk about further gains. Key drillers have lowered their 2024 output guidance, while demand is expected to accelerate...
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level....
The CHF/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
In the daily time, the long-term survey indicated that it is in wave 3 or C. that wave C had the ability to return to 100% of its previous wave, after which it entered the corrective phase. 💎But at the moment, due to the fact that it has faced demand in the green box in the 8H time, it will have the ability to retest up to the neck line area and supply. 💎 In the...
In the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone. 💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel. 💎 According to the trading node and the...
In the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction. 💎 First scenario: Therefore, if...
I see the demand area below the sideways running price, our plan is to buy if the price enters the demand area or Order Block price area 1.74432, place SL a few pips below the demand area, look at the chart image, ideal take profit 1: 2 Fibo pull. Note: This is not a recommendation for making trading decisions, all risks are not our responsibility. Secure your...
Context: • Monthly neutral / sideways • Weekly bearish FVGs, ignored bullish order block • Clearly bearish Idea: • Short at daily FVG Entry: • Entry Range: 1.0774 to 1.0787 • Entry Signal: Reversal Setup on 30min - 1h Scenario: • Liquidity sweep above 1.0774 (dashed line) • Avoid building a FVG on 4h Stop: • Above your Reversal Setup / Entry Setup Scenario...
Hi traders, Euraud rejected from a solid resistance level as marked, so a fall to the next support zone at 1.6330 is expected. Note proper money management! Safe trading!