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!
USDJPY is moving between the trend lines in a descending channel near the upper boundary. The price has been rising for a long period of time without pullbacks and is now approaching the resistance level, which coincides with the 62% retracement level of the last bearish impulse. We expect a pullback. ------------------- Share your opinion in the comments and...
CADJPY has exited the descending channel and is now moving between the trend lines. The price has reached the support level from where it started the rebound. Last time the chart also reversed from the current support level We expect the rebound to continue to the 50% retracement level. ------------------- Share your opinion in the comments and support the...
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Apple Inc. has reportedly reached an agreement with OpenAI’s Sam Altman, marking a significant step for Apple in the artificial intelligence domain. This partnership will be officially announced at Apple’s upcoming developer conference next week. The collaboration involves integrating ChatGPT into the iPhone operating system, aiming to enhance the functionality...
According to my EW count, more weakness could be on the horizon for the U.S Dollar. Indeed, the daily count suggests that waves 1 and 2 of the higher degree third wave have finished and we are in the beginning of a large third wave decline that would take the index below 100.00. A break above 107.34 would negate this view, so selling here with a stop above this...
--------------GBPJPY EITHER WAY-------------- This pair is at decision point at the moment. There are two scenarios, both have 50% change. Now the best thing one can do is to watch the next couple of hours (NFP can be a trigger) how this course will behave. I am waiting for the short opportunity but there is a massive bull trend, so this bullish sentiment can...
Hello everyone, Intraday long USDJPY idea. The fundamentals suggest a risk off and the technical indicators on USDJPY have shown consistently higher highs and lows.
After finding a new ATH on Thursday May 23, the price of the S&P500 fell by 3%. I was a seller at the end of last week and the beginning of this week. However, we've now reached some interesting levels that could signal a change in trend (CHoCH). Initially, EQHs will be sought at $5302. But for me, the real CHoCH is at $5326 (the zone where I'll go back to...
Trading is simple, itself. The more complicated thing is keeping calm and wait as a bear
The Dollar Index is currently on a downward trajectory and is challenging a crucial support level. Upon testing this support, a bearish flag pattern emerged, resulting in the support line being breached and indicating a bearish inclination. A breach below this support level would signify a strong indication for more downward movement. This would be confirmed by...
On the daily chart, USOIL maintains a good downward trend. At present, we can pay attention to the resistance near 76.0. If it rebounds from this position, we can pay attention to the SELL opportunity. The support below is around 71.4. After breaking through, the support below is around 68.0.
Good morning Traders 😎 The setups from yesterday’s were on spot! 2/2 winning trades if you had taken them, which proves that the strategy is perfect! 🏆 This is my setup for today! Gold is turned bullish on lower time frames, and I looking for buys. We have news - initial job claims - today so be carful, trade with caution. Have a profitable day all! 💯 Trade...
The GBPUSD was trading within a narrow range on a short-term chart before breaking through its resistance level yesterday. This breach could lead to a bullish trend continuation. I anticipate an upward movement towards the levels of 1.2828 / 1.2855.
TL;DR Potential local bottom at $1.07, potential targets at $1.6 and $1.93 Arbitrum is still trading in its rectangle. After a recent rejection from the resistance, today it retested $1.07. If it holds, it would mark a perfect Wave 2 end (61.8% of Wave 1). In turn, according to Elliott wave theory, this would set the Wave 3 target to $1.6 or $1.93. 🎯 $1.6 is...
Detected 03-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 03-May. ASX:AMC represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the day of gap-up (preferably along with swing up of indicators such as...
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May. ASX:CNB represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a moderate volume spike noted on 17-May. Entry conditions: (i) higher share price above the...
Take a look at my chart. I am expecting a pullback here and will put trades few pips above and SL few pips below. TYOR!