Hello Awesome Traders!
Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363!
Here are the key levels to watch:
UPPER TRENDLINE BREAKOUT: 165.363
Mid: 163.803
LOWER TRENDLINE BREAKOUT: 162.294
With this breakout, we're eyeing...
Hello traders and welcome,
Today, we are delving into the world of gold, and it's high time for a fresh analysis of this precious metal.
On its weekly chart, gold has formed an ABC or 123 pattern. Let's dive deeper into the concept of the ABC pattern:
Traders base their buy and sell decisions on the analysis of historical price data and the identification of...
Hello traders! Let's delve into a promising trading setup on the GBP/USD pair.
On the daily chart, GBP/USD has formed an ABC bullish pattern, indicating a potential upward movement. The pattern is accompanied by a 50% Fibonacci retracement level, adding to its significance.
Entry Level:
The long entry level (EL) is identified at 1.2428. The price is currently...
Hello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things.
Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here:...
Hello Traders! Let's delve into the EURJPY daily chart, where an intriguing opportunity is unfolding. The current setup illustrates a U-shaped pattern, resembling a classic cup and handle formation within an existing uptrend.
A distinctive U-shaped pattern, indicative of a cup and handle formation.
Noteworthy uptrend in the market, enhancing the validity of the...
Hello Traders! Let's delve into the recent movements of Gold (XAU/USD) on the daily timeframe, exploring potential opportunities:
📉 Patterns Unfolding: V Bottom & AB=CD Formation
The charts reveal the presence of a V Bottom pattern, coupled with an AB=CD formation, signaling the potential for a bullish upswing.
🔍 Current Scenario:
Notably, the price has...
Hello traders! 🌟 I hope you're having a fantastic weekend. As we gear up for the trading week, I've spotted an exciting opportunity on GBPJPY that I wanted to share with you.
Trading Setup: GBPJPY Cup and Handle Pattern ☕🖐️
The chart reveals a classic Cup and Handle pattern.
Key Breakout Level: Keep an eye on the breakout level at 188.661.
Cup and Handle...
Hello Traders and welcome! Let's take a look at the S&P 500 today.
The price has formed a cup and handle on its weekly chart, successfully breaking above the breakout level of 4815.92. Levels to consider are 38%: 5325.92, where partial profit could be taken, and this level might be used as support in the near future. Further targets are 62%: 5634.84 and 79%: 5857.40.
Hello traders, and welcome. Let's take a look at the DAX index, presenting a great trading opportunity. The DAX, on its weekly chart, has formed a cup and handle pattern, and the price has broken above the breakout level at 16305.21. Stops are placed at ST: 15465.59, and the target zones are as follows:
Zone 1 at 62%: 19078.70
Zone 2 at 79%: 19817.23
GBPJPY is trading a diamond continuous bullish pattern on its daily chart.
The price is trading above Mid: 160.498 and approaching the Breakout: 172.129.
Stop below the low previous to the Breakout: 172.129.
Targets:
62%: 186.658
79%: 190.717
100%:195.674
GBPJPY ins forming a cup and handle pattern on its daily chart the price is trading below the breakout 172.136.
ST: 169.913
Target zone 1:
62%: 182.524
79%: 185.309
**Greetings Fellow Traders! Welcome to Today's Insight.**
Today, we're diving into the world of cryptocurrency, focusing our attention on ETHUSD. A remarkable trading opportunity is unfolding, and we're here to explore it together.
📊 **Chart Analysis: ETHUSD Harmonic Gartley Pattern**
On the daily chart of ETHUSD, an advanced harmonic pattern known as the...
Hello traders! Let's take a look at NZDJPY, where a cup and handle pattern has formed on its daily chart. Currently, the price is trading above the breakout level at 88.170. With this breakout in mind, potential targets for this pattern could be:
Targets:
- 62% at 92.929
- 79% at 94.227
Hello traders, I hope you had a great weekend.
Today, let's focus on Meta as a compelling price action reversal pattern, the V-bottom, has emerged. Upon analyzing the monthly chart, it's evident that a V-bottom pattern has developed, suggesting a potential price reversal. The price has successfully broken above the breakout point at 383.72.
For those with an...
👋 Hello traders, and welcome! I trust everyone is having a fantastic trading week. Today, let's explore the dynamic world of gold together. I want to underscore my trading approach – decisions are grounded in current market data, steering clear of assumptions or speculative guesses about future price movements until patterns materialize and are confirmed.
In this...
Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start.
Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure...
Greetings, Traders! Here's a quick update on the Gold market:
📉 Pattern: Double Bottom
📊 Current Status: The price confidently trades above the Neck Line Breakout at 2023.779.
🎯 Near-Term Targets:
Target 1: Aiming for the 100% retracement level at 2032.606
Target 2: Aspiring towards the 162% retracement level at 2038.067
Traders, stay vigilant as the market...
Hello, Traders! Welcome! Let's explore a promising trading opportunity in USD/CAD. An advanced harmonics pattern has emerged on the hourly chart, and the price is currently trading above the suggested long entry level at 1.33864. We're eyeing two target zones:
Target Zone 1 at 62% XA extension: 1.34814
Target Zone 2 at 127% XA extension: 1.36112
