We’re looking at an intriguing breakout opportunity! Multiple timeframes are showing potential, though it’s not crystal clear, making it even more exciting. Daily Timeframe On the daily chart, we saw an initial pushdown post-breakout, but the 20 EMA is providing solid support. 8-Hour Timeframe The 8-hour break looks more promising. We’re holding above the...
The price is moving from the resistance zone that was around $90. The market has driven the price down to the upward trendline. This trendline is supported by the weekly demand zone, which is very close to the monthly buy zone. Although there is a risk on the daily chart of closing the gap down to $48.80, I believe this is a good opportunity to take a buy position.
Yesterday, BEAMUSDT saw the bulls making a bold attempt to break the 8H high with impressive volume, only to face a swift rejection on the second candle—classic false break! Using my trusted false breakout strategy, I set my order at the previous 8H high with a 1.5 ATR, targeting the 4H low. With the weekend approaching and volume likely to dip, it's a...
The market seems to have recieved B&M's results positively. The fall in reported profit was expected. Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema. This is not a recommendation. Trade your own plan and make decisions based on your own research.
you can go short now and take any target - General Trend is Down - Broken Support Area have fun :)
I found buy position opportunity on MATICUSDT with target 0.8500 profit 20%
I see a confirmed structure breakout on Silver. The price broke and closed below a key daily support cluster. Retesting the broken structure, we see a positive bearish reaction to that. I think that the fall will continue. Next support - 29.1 ❤️Please, support my work with like, thank you!❤️
On the daily chart, BTCUSD fluctuated upward after forming a head and shoulders bottom pattern, and the bullish trend is currently dominant. In the short term, attention can be paid to the resistance near 72,000. If a breakthrough is formed, it is expected to continue to rise, with the upward target looking at the previous high near 73,800, and a breakthrough is...
On the daily chart, XAGUSD has formed a double top pattern, and the downside risk in the future is relatively large. At present, we can pay attention to the resistance near the neckline of 30.0. If the rebound is blocked at this position, we can consider selling. The target below is the support near 27.5.
FX:XAUUSD is strengthening after a false breakdown of range support and is testing resistance with a subsequent bounce. Price is forming a flat and is not ready to go up or down yet. There are reasons for this: Traders are waiting for news that will start to be released in the second half of this week starting Wednesday. The focus is on ISM PMI, Initial...
Good morning Traders ☕️ Yesterday’s BUY ZONE was a success as price reacted from the 45m demand zone and gave a pretty nice move of over 50+ pips. Today’s those are my zones. Is not clear in which direction gold wants to go, but for now I will monitor both potential scenario’s. Have a profitable day! Trade smarter, not harder! 💼📈 Don't miss out on...
Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance. Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short...
Gold formed a decent rally after consolidating above the 2023 high. We finally saw a retracement following its failure to close above $2400, but momentum is now trying to turn higher once more. We're not yet sure whether any potential bounce is simply the 'b' wave on a ABC correction (if so, it implies another leg lower after a bounce) or if the correction has...
Let's take a look at the technical analysis for XAUUSD shared a chart for the reference only
LT has significantly corrected post election results. It is arriving strongly into a weekly DZ. Will the overall market support this weekly DZ or will it break?
🚨 Stock Update: TATAMOTORS 🚨 Date : 16-05-2024 TATAMOTORS breached major support today due to heavy selling pressure and closed at 936.40. I expect the stock to consolidate for a while, which presents a good opportunity to accumulate. I'm bullish on this stock and plan to buy small quantities below 930 with a stop loss at the next support level (872.10) . My...
Sell Recommendation for GBP/USD to Support Level 1.2705 1. Price Action Analysis: - Candlestick Patterns: - Bearish Engulfing: Indicates a bearish reversal after an uptrend. - Pin Bar (Shooting Star): Shows rejection of higher prices, indicating potential downside. - Resistance Level: If the price approaches resistance and shows signs of reversal,...
Considering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB. If there is a pullback on the green range, we will look for buy/long positions. The target is clear on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please...