XAUUSD The price is currently above support/resistance structure, after a pullback if price holds above the support I expect the price to move higher... 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.
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.
XAGUSD is repeating the same pattern. In late September silver created the same pattern , formed strong support level and once loss that support , there were some red days for silver bulls. Now silver again forming support zone in same area of value, if it again loss this level, then are we expecting red days for silver again ?
Rising from the horizontal support. Pair is moving in just one direction. After a great impulsive move we have seen a little correction this time it has created a triple Bottom structure with a significant bullish divergence near the solid support zone and two to three times pair just respect the mentioned support and move upward. Again it hits the same zone and...
Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on...
Hello Everyone 🙋🏽♂️ 🔴 180.990 🟢 181.380 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. ...
I drew these trendlines on the hourly time-frame. I would watch on the 15-minute candles for a bounce off of one of these lines. I would NOT swing trade this since we have earnings coming up this week. As always, thank you for reading and watching my analysis. Have a blessed week ahead!
As you can see here on this daily chart, we are approaching this weekly support line. I am going to wait for a bounce off this line with high volume and a strong green Heikin Ashi candlestick. This is a great opportunity and the contracts are looking good. I would not trade this within the week of earnings because of the potential volatility so I would look for a...
Mainly looking for price to form a new swing high first, before dropping to the 31.5k level. Keeping an eye on the RSI oversold level - a bearish RSI divergence could signal the start of the small drop. 31.5k price level seems appropriate to place an entry as a support level and FVG is there. From there, price could bounce and chop sideways around 38 to 39k,...
NYSE:IBM Reports after the market closes today. It is probably at or near its fundamental levels even if the report is weak. The chart shows a strong support level as the stock price is at the neck of the bottom completion level. IBM is in a long term trading range when viewed on a long term trend. The problem is a weak CEO who has failed at reinvention and a...
Peace be upon you, traders, today I want to clarify this analysis that I did with the sniper strategy. I determined the order block, the meteorology block, and the Fibonacci, in which I relied on the most important levels, which are 50%, 61%, 75%, and finally 79%, which is the most important point because it is the maximum. A point to correct the wave, which point...
Speculations, Data analysis, well-known Patterns, Fundamentals, Daily News and more are several tools we use to predict what could be the next move of our favourite instrument : Bitcoin. Genesis Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we can see that the important support is the zone from $31,060 to $29,888, to which we can probably see a price reversal in the event of a correction, and then we...
Support & Resistance : - When the two prices meet, consolidation between support and resistance. - Called support and resistance reversal happens. - A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. - If the price falls below a support level, that level will become resistance. If the price rises...
The run down to Monday was a sympathy run. It doesn't mean that NASDAQ:GOOG is headed for a bad report. Rather, retail investors are selling ETFs or moving money out of stocks into safe havens, or other adjustments to portfolios and 401(k)s. The selling dug into the most recent weak support level. However, NASDAQ:GOOGL has not sent out any advisor in recent...
Traders need to check weekly charts when considering selling short stocks at this time. Many times there are strong support levels close to the current sold down price action. The weekly charts also provide more data for day and swing traders to determine the all important RUN GAIN POTENTIAL. This must be calculated before any trade to determine the Risk versus...