Following the bearish change of character on the daily timeframe, here is my outlook for a potential shorting opportunity, and as well, a Countertrend buying opportunity.
Hi guys, I'm back with another analysis on gold. So let's dive in. So currently price is trapped below 1991 level which is the broken support and has already been tested once. Should price break through the level I would expect it to rise back to supply level around 2001. There with enough sell side participants market could drive down. If market begins selling...
NZDCAD price is rising from the support area, if price continues to holds above the support, price will rise towards next resistance Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Hi guys! No much waffling😉. This today is my opinion on EURUSD.
After the FOMC talk ish. Gold consolidated given mixed signals to bears and bulls Finally i see a breakout of the consolidation which i will ride to the above boxes in the chart. An update will be placed on this tread.
Hi guys, In this analysis I will be covering USDCAD. LEVEL 1.3891 has been acting as a resistance and price has already tapped into it multiple times. Should price begin selling off from this level, The first demand level would be 1.3832 and the one after that would be 1.3804. One other scenario is that price breaks through the immediate resistance with a fake...
Hi guys, I'm back with this week first analysis. As always I'm gonna keep things simple. So price did react to my sell zone on last Friday and started selling off, currently price is reacting to the broken resistance(1992) which has turned into support level. I have multiple demand levels, the immediate one is around 1982-1980 which I wait for price to reach...
Hello, everyone. I hope you're all having a great week. Let's analyze the DXY chart and try to make some predictions for the upcoming week. Last week, the price was rejected from the important low indicated on the chart and also established a new 4-hour high, as evident in the chart. Consequently, the market structure in the 4-hour time frame is now in alignment...
The price of gold trades in descending triangle. the support is in the 1990-1992 range. Due to the war gold is in a bullish trend and this is some retracement level and target mentioned in the chart.
Russell 2000 Testing key level. Would make sense to get a bounce from here, but the 2 year downtrend clearly shows bear pressure. If we break 159 next target is 145 If we get back inside of the triangle, I think this analysis is invalid and we might continue upwards ps. This is weekly chart so this will take time unless we get some kind of catalyst Active...
Projection based on Elliott wave theory, support and resistance as well as supply and demand. Buy area is 14,3-15,7 with right price action on daily and weekly with target above all time high.
Posting another quick update here on the SPY as a lot has transpired in financial markets over the past few months, yet buyer and selling continue to dictate the price action in my opinion. On the 4-hour timeframe, the SPY is oversold and has formed a bullish ABCD Elliot wave, while also holding a falling wedge within a bearish megaphone. On the daily timeframe,...
Hi guys I'm back updating my gold scenario. In my yesterday analysis, I highlighted area 1954 as a supply level , being tested multiple times was broken during Mr. Powell speech. leaving us with only one immediate area ,1978 as a supply zone. But since underlying fundamentals are bullish I need to confirm my entry in lower time frames to go short otherwise it's...
The buying part is already in progress/profit). What next? Watch the video and leave a comment. Ask your questions, and I promise to respond to all of them. Consider subscribing to my channel. You will only improve your trading. ; )
Hi Guys, I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups. Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area...
hello traders: Today I will show you how to draw supply and demand with support, resistance and order block. If you have any questions, welcome.
This is a backtested and optimized trading system for trading the E-Mini contracts. You can also trade the entire futures market with the TrendCloud System. Let's go over this winning trade together.