After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline. We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the...
After reviewing the strength building on the dollar, it is clear to see the strong trends forming across the major currency pairs. 1.0500 is the next weekly/monthly directional target to the downside sitting almost 400 pips away. We have a small amount of US and EU news heading into the final stages of this week. However we are looking at long term possible...
what's observable here is that this area is quite sensitive of the structure available in this zone. we have 2 structures of which both could be easily manipulated. in seeking the mounts of liquidity of these areas . i,e for the great push (bull run), which is still the bias of the market . but the market makers still need a huge liquidity for this. QN is, What...
This can be viewed as a continuation flag pattern and also a double top (M) formation market There are pure divergence from the RSI and also a fall out of the ascending channel All this are confluence that the market will continue falling
DOT ETH pair is trading at the lowest levels going back to the beginning of the pairing. Up only, baby! DISCLAIMER: I am not a financial advisor, this is not financial advice; do your own research; brush your teeth everyday; change your oil every 3k-5k miles.
Weekly Time-frame New Candle for the week, seems bearish for the Awesome Oscillator Red Volume Bearish Saucer. Where we place the next long position was the exact Bouncing Area. If this holds it will continue to the Upside. Relative Strength Index (RSI) is about to be Bullish. Bouncing Area of $37,726 & $37,550. Rejection area of $38,435. 1D Time-frame ...
USDCAD has so far respected structure despite the fact that it's in a range, I'm looking long on the cad considering the fact that it's in a viable level of demand
GBP/USD has been on neat downtrend since January this year and we currently see an M pattern formation on the daily with resistance below neckline, we might as well continue bearish if we keep seeing resistance below neckline as marked on charts. I will consider going long only if I see signs of strength above level A as marked on charts since it has consistently...
$FB continues to down trend after the disappointing earning, backlash from the whistle blower, and continued pressure by the congress about the privacy. with the overall market continue to trends down, there's highly likely that $FB will get dragged by it. i think in my personal opinion FB will be a dip buying opportunity for long term. I think the metaverse will...
EUR/USD seems to be stabilising the newly formed base at 1.1300. A recent weekly candle from 2 weeks ago, formed extremely bullish in alingment with the recent fundamentals suggesting that there will be a medium term upswing in movement. Generally speaking a closure above the 1.1400 handle should signify a comfortable 100 pips into the 1.1500 region and beyond,...
This harmonic could see us put in a "B" at approx $45k (a bit of a range). Retrace the move back to $35k with a "C" And then a final "D" leg to $48.1k Ending in a rejection. This Harmonic is also Confluent with some of my Elliot waves ideas
Tesla can possibly see 870 and 813 as next supports. Losing 900 will break this down towards 870 and if there's no buyers then this could easily drop 100 more points. I'd look to buy TSLA at any lvl in the 700's.
PEN forming up well here. Expecting a push soon, target marked on chart
SQ bounced off long term support for a nice double bottom in the low 100s, and today had a huge bounce up to 120. To me this still has room to go up, 128.50-129.50 area minimum around 382 retrace, and possibly as high as 133-136 area which is around 21sma and 50% retracement. Plus we have MACD and RSI now curling up here on the daily. I have been scaling in longs...
The price of any asset is always the correct price because it is the level where buyers and sellers meet in a transparent environment, the marketplace. A price trend is the most accurate reflection of the market’s sentiment. When buyers are more aggressive, prices rise, and when sellers overwhelm buyers, prices decline. The stock market trend reversed The S&P...
CADCHF possible scenario. Please, comment your ideas Thanks
Hello Community, Technical: Please see my current idea on Gold where my overall count (weekly chart), suggests an impact of our major wave 5 at the $ 2500 area, which is equal to the 0.618 Fibonacci extension. Fundamentals: We are currently in an inflationary environment, which we know should be good for gold. However, gold has failed to test its...