Trade setup : Price remains in an Uptrend. It got rejected at $2.50 resistance and is consolidating in a Falling Wedge pattern. We wait for a breakout. In case of a bullish breakout in the direction of existing Uptrend, price could revisit $2.50. Also, notice that price is approaching a robust support zone around $1.55 and 200-day moving average. Pattern : ...
Afternoon Traders, Here's what I am currently keeping my eye on at the moment. We are in this ascending megaphone pattern. This is typically a bearish pattern longer-term. The problem is that we don't know how much longer the pattern will hold before we, most likely, drop out of the bottom side. It could be weeks. It could be months. It could hold for a year. But...
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 85.20 - 85.85 area Resistance 2: 89.10 - 89.90 area Resistance 3: 93.75 - 95.00 area Support 1: 82.50 - 83.10 area Support 2: 80.00 - 80.60 area Support 3: 76.80 - 77.80 area Support 4: 75.50 - 76.20 area Consider these structures for pullback/breakout...
Let's delve into analyzing this currency pair for trading in futures in the forex market. 📉📊 In the daily timeframe, we're within a long-term box, and currently, we've lifted off from the box's floor, even surpassing the midline, heading towards the box's ceiling. 🏗️💹 On the 4-hour timeframe, we're also witnessing an upward trend, reaching the resistance at...
The AUDNZD chart currently shows the formation of a XABCD Harmonic Shark Bearish Pattern, indicating a Potential Reversal Zone (PRZ). Additionally, there is a hidden bearish divergence, suggesting that the current uptrend is likely to reverse into a downtrend. Furthermore, on the daily chart, the price has just touched a strong daily resistance zone, which...
Exxon Mobil with ticker XOM is back in the uptrend after a completed (A)-(B)-(C) irregular flat correction for wave 4. It's in strong rally away from projected support for wave 4, so wave 5 can be now in progress, which should be completed by a five-wave cycle of the lower degree. It can easily send the price towards all-time highs, just be aware of subwave (4)...
EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish...
Hey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.88300 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46050 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46050 support and resistance area. Trade safe, Joe.
Overview Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner. Technical Analysis Utilizing Fibonacci...
Technical Analysis: Incorporate key trading indicators such as the double line resistance breakout, pullback support, and demand zone analysis to assess price movements in the US Oil market. Identify channels and trendlines to spot potential breakout or breakdown points, confirming with volume and momentum indicators like relative strength index (RSI) and moving...
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.71200 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.71200 support and resistance area. Trade safe, Joe.
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About JUP (Update) The Symmetrical Triangle Has Breakout In 6H Timeframe✅ Hope To Move Towards The Destination Of Success Soon✍️
📣Hello Mates! We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2255 or 2265. May then continue to go down and meet our targets of 2223 and 2190. 🔑 Remember, money management is crucial. Before employing our analysis, please...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About TFUEL (Update) The Trendline Has Confirmed Breakout In 3D Timeframe✅ Expecting Massive Bullish Wave Towards 450% In Coming Weeks✍️
YGG/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": Stop Loss (SL): @ 1.3685 USDT Entry Point: @ 1.1887 USDT Take Profit (TP): 0.8232 USDT PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be...
Hi Everyone, The bulls have intervened, reinforcing the price at the daily level. If momentum continues and price surpasses the $3600 mark, it could propel to the $3800 range. Good Luck!
Hey Traders, in today's trading session we are monitoring DXY For a buying opportunity around 104.400 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.400 support and resistance area. Trade safe, Joe.