🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is...
NAS100USD / 4H TIME FRAME
HELLO TRADERS
The text indicates a decline in July by 16.62%, followed by a recovery in August with a 15.64% increase. This suggests a reversal or correction phase from the previous decline.
Prices are trading below the key level of 19,954. This level is pivotal, as it serves as a reference point for determining future price...
USOIL / 4H TIME FRAME
HELLO TRADERS
July Decline: The significant drop of 15.34% indicates a bearish trend, which could be attributed to various factors such as market corrections, economic conditions, or changes in consumer behavior.
August Recovery: The rise of 11.74% suggests a potential recovery or rebound, possibly driven by positive news, increased...
XAUUSD / 4H TIME FRAME
HELLO TRADERS
The asset is trading above its all-time high (ATH) price of $2,600.The price has risen by %1.82.
If the price closes below the ATH level of $2,600 on a 4-hour (4h) candle, further decline is expected, estimated at 1.90%.
As long as the price remains above $2,600, it suggests a bullish trend.
A 4h candle closing below...
XAUUSD / 4H TIME FRAME
HELLO TRADERS
In the month of August, prices started to increase until September by 10.04%, reaching a new historical peak of $2,600. As long as they remain below this level, it indicates a decline at a rate of 2.66%.
Technically analysis :
Gold reached a historical peak of $2,600 but began to decline following a speech by Jerome...
USDCAD / 4H TIME FRAME
HELLO TRADERS
Currently, prices are trading below the resistance trend line and the turning level at 1.361.
This sets the stage by identifying that the price is under a key resistance line and turning level, specifically at the 1.361 level. The resistance line acts as a ceiling preventing further upward movement.
As long as trading...
EURUSD / 4H TIME FRAME
HELLO TRADERS
Month-by-Month Price Movements:
June : Prices increased by 2.48%, indicating a bullish trend during this period.
July: A reversal occurred with prices decreasing by 1.48%, showing market correction or loss of momentum.
August: Prices surged again by 3.88%, suggesting renewed market strength or positive market...
NAS100USD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices trading below 19,954 , it indicates under downward pressure
Prices are expected to remain under bearish pressure as long as they trade below the key levels of 19,954 and 19,535. Should the price stabilize and remain below these thresholds, a decline towards 19,187 is anticipated. A breach below this...
GBPUSD / 4H TIME FRAME
HELLO TRADERS
The price movement reflects both technical and fundamental factors. The 3.58% decline in July can be attributed to global economic uncertainties, such as inflation fears or weakening consumer demand. This decline likely hit key support levels, prompting traders to adopt a more cautious stance.
However, the 4.71% recovery...
The EUR/USD 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 1.1117, positioned close to the breakout level....
US30 / 4H TIME FRAME
HELLO TRADERS
In August, the prices saw a price decline of 6.91%, reflecting a period of downturn. However, in September, there was a notable recovery, with prices rising to an all-time high (ATH) of 41,852. This peak represents the highest level achieved thus far in the prices history. Currently, prices are trading below this ATH, which...
1H
Corrective approach towards entry zone.
Market moving in Descending channel.
= Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP.
USOIL / 4H TIME FRAME
overall trading above 67.59 , expected under upward pressure .
Currently, prices are holding above the crucial support level of 67.59. As long as they maintain this position, an upward move towards the next resistance levels of 69.98 and 71.59 is likely. The 71.59 level is particularly important, as breaking through it would serve as...
The GBP/CHF pair on the M30 timeframe presents a potential selling opportunity. 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 1.1136, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target...
BITCOIN / 4H TIME FRAME
HELLO TRADERS
overall trading below 60,895 , it indicates prices of bitcoin under downward pressure.
Currently, prices are rising, approaching a critical turning point at 60,895. As long as trading remains below this level and stabilizes underneath it, a decline is expected, potentially reaching the support level at 57,827, and...
The EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle 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...
