I spotted a strong bearish pattern on the EURNZD pair on a short-term time frame. The pair has formed a descending triangle pattern and has broken below its horizontal neckline. The broken neckline and trend line now form a contracting supply zone, suggesting a potential bearish movement. Targets for this movement are set at 1.7436 and 1.7400.
Technical Analysis: US30 The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level. Bullish Scenario: As long as the price trades above 38,790, it will likely push up to 39,050. Bearish Scenario: If the price breaks below the support levels at 38,790 and 38,760, it could...
GOLD is moving in an ascending channel, above the trend line. The price broke through the resistance level, which coincides with the 50% retracement level. The chart has broken the descending structure. We expect growth after consolidation above the current level. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
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Overall trend for this pair is bullish. I anticipated that the price will trigger my entry and try to reach the 4H TF supply zone. This is just my own analysis. Trade at your own risk!
Swing short btcusd since got trendline breakout . Based on daily. If you see h1 also got breakout candle
JSW STEEL is sustaing above is important resistance indicating bullishness for short-term. Possible targets are 950,965,975,980.
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It seems like the price has formed a 5-wave bullish impulsive move and could now begin its bearish move. For the bearish move to be confirmed, we need to see the price breaking below the bullish channel line and also closing below the VWAP. Bearish confirmations: Bearish divergence in the 4H timeframe. Completion of the 5-wave bullish impulsive move. Momentum...
As GBP/JPY continues its steady ascent within a robust bullish channel, the currency pair presents an intriguing opportunity for traders. This chart analysis highlights the pair's long-standing adherence to the ascending trend line, showcasing a potential entry point as the bullish momentum persists. The consistent upward movement, supported by solid trading...
Dear Analysts and Traders, In my opinion, the UNFI chart looks very promising. I see few things that suggest strong bull market in the nearest future. I use my indicator, he's set up for visible range analysis. In first plan I can see accumulation structure compliant with Wyckoff theory. Events according to Wyckoff method and VSA, I marked with white letters...
The last 2 days low line can just be dragged up and put back live. We do have a bit of excess and that is all a top needs. but we are still firmly in a up move. the close is inside the megaphone bottom and also a distribution low so next week will provide tons of info. Will be using the "break of the 2 day low" I will be starting small and see if I build a...
Following a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key...
Channel Down has broken through the resistance line at 6/21 23:00. Possible bullish price movement forecast for the next 5 days towards 0.9644. Expiry Date/Time: 6/28 14:22
Rising Wedge identified at 6/19 07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.6808 within the next 15 days. Expiry Date/Time: 7/8 14:22
Bitcoin (BTC) has recently touched the Weekly 20 Moving Average (MA) and is currently trading slightly above this critical level. As we move into the next trading day, the 20-week MA is expected to shift upwards. This movement will act as a catalyst, potentially leading to significant price action in either direction. Trading Strategy: Bullish Scenario: If...
Nifty and Bank Nifty important levels and trade plan for Monday, 24th June || #nifty #banknifty
Rising Wedge identified at 6/22 01:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 106.54 within the next 5 hours. Expiry Date/Time: 6/23 19:22