FX:AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers. Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening...
Symmetrical triangle formed on daily chart. Price broke out of resistance and successfully retested now support previous resistance line. Also noted low volume when price were falling with prior runup on price before formation of triangle chart pattern. Formation of hammer candlestick on bottom of support trendline indicates strong buying. Good short term...
Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major),...
AUDUSD - Intraday The primary trend remains bearish. The sequence for trading is lower lows and highs. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Rallies should be capped by yesterday's high. Bespoke resistance is located at 0.6520. We look to Sell at 0.6527 (stop at 0.6547) Our profit targets will be...
If we do hold that up trend, here's a trade set up we are watching. Short at the intersect of the previous trend line and the purple box. Trade entry around 16:30-17:30-ish. If price tests that zone too early, or after 17:30h, we sit on our hands. Just an idea, have fun! edit: green dashed lines for take profits, stop placed somewhere above that purple zone,...
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Hello friends An ascending pattern is formed in the Bitcoin currency, which consists of waves 1 and 3. Considering people's acceptance of currencies, the bullish theory can be considered more. Therefore, we will wait for the price to rise to higher numbers. Wave 4 is either completed or may be completed in a zigzag fashion. Therefore, in general, we are waiting...
Hello friends In Alibaba stock, we observed a 5 micro wave after a complete correction which was contrary to the descending rune We call these 5 small waves wave 1 or A. After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle. Triangles are seen in wave 4 or B. Therefore, in both scenarios, the share price should reach the...
Since Coinbase went public in April 2021, its stock price has taken quite a tumble. Looking at the weekly chart, we're in the middle of a downward trend, marked by a 5-wave cycle that's not looking too cheerful. To shake off this gloomy forecast, the stock needs to climb above the peak of Wave (1), which is at $208. If it can't make that climb, there's a good...
Alibaba #BABA NYSE:BABA Alibaba's journey continues to be a roller coaster ride of highs and lows. Since our initial entry, we've navigated through Waves (v), (2), and Y. We acknowledge that a dip below this level would challenge our perspective, potentially signaling further downturns. Therefore, we've implemented a stop-loss just below this critical point....
BCH Oi rise insanely that;'s why coin is pumping 2 way for a reversal some big sellers GOT liquidated - in that case you will see BIG cangle and Paranormal volume 2nd - structure change better to watch video to see these 2 scenarios
Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are...
GOLD tested the structure resistance level by completing the AB=CD pattern. Price makes a pullback after creating the AB=CD pattern. The market has made pretty similar moves before; run - pullback - continuation. We expect a pullback from this resistance level and the continuation of the bullish trend. ------------------- Share your opinion in the comments...
📊Analysis by AhmadArz: 🔍Entry: 3.446 🛑Stop Loss: 3.366 🎯Take Profit: 3.528-3.606 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Following my analysis on Monday, Bitcoin has returned to the $70,000 mark as announced. I invite you to review it if you haven't read it yet. BTC once again reloaded in its OTE zone yesterday, and exploded to the upside. 2 important zones to look for before the ATH. Big EQHs are first present at $7,700. Then a high at $72400. I'm personally a buyer of Bitcoin,...
Since the beginning of the month, gold has been racking up ATH after ATH. Today, we reached a new all-time high of $2236! We can now expect a correction after such a meteoric rise. An interesting buying zone would be $2182. We would then return to the OTE zone, close the imbalance, recover the Asian session low and finally bounce off the magnificent H4 order...
USDCAD made a double top at resistance in the ascending channel. It consolidated around the psychological level at 1.36000, then dropped below it. The market is consolidating at the D chart, and it created a bearish, engulfing candle. We expect a pullback from resistance and further moves south. ------------------- Share your opinion in the comments and...
As the four major inventories continue to decrease. U.S. oil continues to rise. WTI quotation as of closing: 79.153 U.S. API crude oil inventories for the week to March 8 (10,000 barrels) (-5.221 million barrels) U.S. EIA Cushing, Oklahoma crude oil inventories for the week to March 8 (-1.536 million barrels) EIA crude oil inventories in the United States for...